Industry observers note that the deal reflects a broader trend of consolidation within the sector, driven by rising infrastructure demand, rapid urbanisation, and policy support for domestic manufacturing. Read More
Pratt & Whitney’s PW500 Engine for Grumman’s YFQ-48A Talon Blue CCA Programme: Pratt & Whitney, a subsidiary of RTX Corporation, has announced that one of its commercial aircraft engines will power a new autonomous military aircraft being developed by Northrop Grumman. The development reflects a broader shift in defence programmes towards adapting existing commercial technologies... Read More
Rheinmetall Satellite Test Centre in Andøy Municipality in Norway: Rheinmetall Nordic AS and the Norwegian municipality of Andøy have signed a Letter of Intent (LOI) to establish the Rheinmetall Integrated Process Facility (RhIPF) at Prærien Business Park in Andenes. This new facility is set to serve as a satellite test centre, playing a key role... Read More
CAE and InterGlobe’s Pilot Training Centre:Mumbai: CAE Simulation Training Private Limited (CSTPL), a joint venture between CAE and InterGlobe Enterprises, has officially opened its fourth advanced pilot training centre in India. Located in Mumbai, the new 44,000-square-foot facility aims to bolster the country’s growing aviation training sector and expand domestic pilot training capacity. State-of-the-Art Facility... Read More
India-Austria Summit – Prime Minister Narendra Modi and Austrian Chancellor Christian Stocker: New Delhi — India and Austria on Thursday elevated their bilateral ties with a sweeping set of agreements and initiatives spanning defense, technology, education, business, and culture, following high-level talks between Prime Minister Narendra Modi and Austrian Chancellor Christian Stocker in the Indian... Read More
India-Uzbekistan Military Exercise Dustlik 2026: The 7th edition of the India–Uzbekistan joint military exercise, “Dustlik,” is underway as an Indian Army contingent departed on April 12 for the Central Asian nation, marking another step in the steadily expanding defense partnership between the two countries. The exercise, scheduled from April 12 to 25, 2026, will take... Read More
LONDON/MUMBAI — In what is set to be one of the most anticipated financial market debuts of the year, SBI Funds Management Limited has officially filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI). The filing, submitted on 19 March 2026, paves the way for an Initial Public... Read More
Minimum years of service for getting pension for bank employees?: New Delhi — In a significant ruling clarifying pension eligibility norms, the Supreme Court of India has held that a bank employee who voluntarily abandons service cannot claim pension unless he fulfills the strict requirement of completing at least 20 years of confirmed service, along with... Read More
Bombay High Court quashes MMRDA demand against Reliance Industries: Mumbai — The Bombay High Court has set aside a demand exceeding ₹1,100 crore raised by the Mumbai Metropolitan Region Development Authority (MMRDA) against Reliance Industries Ltd, holding the levy to be “illegal, arbitrary and hit by Article 14 of the Constitution.” In a significant ruling delivered... Read More
A Bench comprising Justices J.B. Pardiwala and K.V. Viswanathan held that Section 64(d) of the Multi-State Co-operative Societies Act, 2002 restricts multi-state co-operative societies (MSCS) from deploying funds outside their core domain. Investments, the Court said, are permissible only in subsidiary institutions or entities engaged in a substantially similar line of business, as defined by the society’s own bye-laws. Read More
