Bengaluru: Precision engineering components manufacturer Unimech Aerospace and Components Limited has won a multi-year supply contract with FACC AG, Austria, a prominent global aerospace component giant. The agreement covers the manufacture and supply of precision-engineered aerospace components and flying parts with Unimech bagging the contract following a competitive global sourcing process. This involves multiple technical evaluations, capability assessments, quality reviews, commercial negotiations and extensive discussions between both organizations. This has proved Unimech’s capabilities to meet the stringent requirements of global aerospace customers. As part of the onboarding process, the company will undergo a qualification and industrialization phase, which includes…
Author: Abizar Attari
I’ve always had a fascination with storytelling. Analyzing diverse perspectives and helping people understanding them simply is my life’s motto. I live to create stories that you’d love to read. When I’m not writing, you'll find me having a leisurely stroll on the beach or in the park.
Chennai: Real estate major Godrej Properties Limited (GPL) has acquired a massive 47-acre land parcel along the Old Mahabalipuram Road (OMR) in Chennai, one of the fastest-growing micro markets in the city. The company is aiming to develop the land with plotted residential units planned. The company is expecting a revenue potential of ₹500 crore, with about 1.2 million sq ft of developable potential, though GPL has not disclosed the deal value. The location offers a steadily evolving social infrastructure, including healthcare facilities, educational institutions, retail and entertainment options offering a growing appeal for professionals to consider it as a…
Pune: Wind energy major Suzlon Energy has secured its first order for its next generation S175 (5.0 MW) wind turbine, within two weeks of its launch, cementing customer confidence in the company’s innovative solutions. Power producer Sensure Energy has signed in as the first customer to deploy these advanced wind turbine generators for its upcoming wind energy project in Bijapur, Karnataka. Suzlon will supply, erect and commission 21 units of these wind turbines, while offering comprehensive, long term operations and service for the plant’s lifetime lifecycle. The S75 wind turbines are powered by a 175 meter rotor and a 160…
Global tobacco giant British American Tobacco (BAT) has announced that it is cutting almost 20% of its 47,000 strong global workforce as the comapny aims to save about £600 million by 2028. This translates to about 5,500 direct job cuts with another 3,500 jobs expected to be outsourced by the end of this year. The company is facing challenges with its traditional product range, as younger generations are increasingly preferring vaping over traditional cigarettes. These job cuts are expected to be enforced worldwide except in its US subsidiary Reynolds American, which is also its largest market. “We are building a…
Automating repetitive processes through technology has remained one of the biggest competitive advantages for companies. With Artificial Intelligence, companies across sectors can now automate processes more quickly than expected, helping them deploy solutions that make their outcomes faster and more efficient In 2026, corporates are expected to spend about $2.59 trillion to automate their operations, a 47% increase from $1.76 trillion spent in 2025, according to a report by Gartner. This money is being spent on enhancing their software with AI, while setting up agentic workflows that eliminate margins of error made by human agents. Here are 5 industries where…
New Delhi: India will have to implement structural reforms in its capital markets if it aims to become a $7.3 trillion economic power by 2030, a report by global consulting firm Deloitte said. The report, titled ‘State of Financial Services in India’, said that as India is growing, the tools required to fund this growth are becoming outdated, and this could result in a bottleneck for economic expansion in the future. India has, for long, relied on household consumption and savings to fund its debt, but rising demand for debt has made this tool outdated, with structural reforms required to…
New Delhi: In one of the largest consolidations within India’s infrastructure financing sector, state owned non-banking financial companies (NBFCs) Power Finance Corporation (PFC) and Rural Electrification Corporation (REC) Limited have approved a composite merger plan, with both submitting regulatory filings to the bourses in this regard. This landmark consolidation will unify India’s two primary power infrastructure financing firms, with an aggregate loan book exceeding ₹11 lakh crore. “The Board of Directors of Power Finance Corporation Limited (PFC) and REC Limited (REC) today approved the Scheme of Merger (Scheme) for merger of REC (Transferor Company) into PFC (Transferee Company) and their…
Bengaluru: Real estate major Purvankara Limited has announced its intention to develop a 6.4 acre land parcel in Sarjapur, Bengaluru under a Joint Development Agreement (JDA) route. The project includes an estimated Gross Development Value(GDV) of about ₹1,000 crore, taking its total potential JDAs in the city to an estimated ₹5,200 crores in GDV. The project has a saleable area of about 0.8 m sq feet and will be developed as a residential community catering to the growing demand in the emerging area. The land parcel is well connected to the Outer Ring Road through the Sarjapur Road, with its…
New Delhi: In a major endorsement of India’s macroeconomic resilience, global ratings agency Goldman Sachs has upgraded India’s Gross Domestic Product (GDP) projections. From its previous estimate of 6.5%, the agency has reviewed India’s forecast to 6.8% following the encouraging progress of the US-Iran peace talks. Despite the challenges with the US-Iran war, India’s economy has been highly resilient, the agency said in its report titled ‘India: Improved macro outlook after the US-Iran deal’ Despite elevated crude oil and commodity prices over the last two months, India’s fiscal health has remained fairly strong, as the government has delayed passing the…
For most people, Maithri Aquatech is a name that doesn’t ring a bell, at least for now. This Hyderabad-based startup has been rather low key, even though it has caught the attention of the government and leading investors. That’s because the company has developed a technology that could become a game-changer for the country, as it solves an increasingly worsening challenge that affects the core of humanity- water. The game-changing solution The company has developed MEGHDOOT (Sanskrit for ‘Messenger of the Skies’) a technology that can help convert atmospheric moisture into high-quality, potable water on a commercial scale. This development…
