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
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
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
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
India Space Startup Fund – Antariksh Venture Capital Fund: India’s push to build a globally competitive private space ecosystem is gathering pace, with the government confirming that its first dedicated venture capital fund for spacetech startups is now operational and nearing the investment stage. Speaking in a written reply in the Lok Sabha, Jitendra Singh said that... Read More
Noida International Airport at Jewar: New Delhi/Jewar, March 28, 2026 — Prime Minister Narendra Modi on Saturday inaugurated the first phase of the Noida International Airport at Jewar, a flagship infrastructure project built at an estimated cost of $1.19 billion USD (₹11,200 crore). The launch marks a significant milestone in India’s aviation expansion and Uttar... Read More
CSIR-NAL KKR Aerospace QPlane Technology Transfer Agreement: New Delhi: In a major boost to India’s unmanned aerial vehicle (UAV) ecosystem, CSIR-National Aerospace Laboratories (CSIR-NAL) has signed a landmark technology transfer agreement with KRR Aerospace Pvt. Ltd. to enable large-scale production of the QPlane, an indigenous all-electric vertical take-off and landing (eVTOL) drone. The agreement signals a decisive step toward strengthening domestic... Read More
In a move to support India’s growing Micro, Small, and Medium Enterprises (MSMEs), the government has introduced significant modifications to the Mutual Credit Guarantee Scheme for MSMEs (MCGS-MSME). These changes are in line with the vision set out in Budget 2025-26, aiming to promote the country’s manufacturing and export sectors. The revamped scheme is designed... Read More
Cyril Amarchand Mangaldas (CAM) has played a key role in advising the Ministry of Petroleum and Natural Gas on the drafting of the Petroleum and Natural Gas Rules, 2025 (“Rules”), following the introduction of the Oilfield (Regulation and Development) Amendment Act, 2025. The new legislation introduces significant changes to the petroleum sector, including the requirement... Read More
