Author: News Desk
French aerospace company Safran has announced plans to build an engine assembly line in India. The move comes as the French and Indian governments are in talks over the purchase of 114 additional Rafale jets. Safran’s CEO, Olivier Andries, said the facility will support India’s push for local production in the defense and aerospace sector, helping the country meet its growing requirements for modern fighter aircraft. The new assembly line will also involve sourcing components from Indian suppliers. This is aimed at boosting the domestic aerospace ecosystem, creating more opportunities for Indian manufacturers, and encouraging the development of high-tech skills…
KLA Corporation, a semiconductor company based in the United States, has signed an agreement with the Tamil Nadu government to invest about $400 million (around ₹3,600 crore) in India. The company plans to build a global research, development, and innovation campus in Chennai. This project is expected to support the growth of advanced technology and create many new job opportunities in the state. The new campus will be built on a 12-acre area and is expected to create up to 4,000 high-skilled jobs. These jobs will mainly be for engineers, researchers, and technology professionals. The project aims to help skilled…
India and the United Arab Emirates (UAE) are jointly working on an ambitious initiative to develop a human-centric artificial intelligence (AI) model that focuses on ethical and inclusive applications, moving beyond the traditional dominance of Silicon Valley tech giants. The collaboration aims to promote AI that prioritises societal benefit, accountability, fairness and transparency, aligning with broader goals of responsible innovation and global technological leadership. The partnership reflects a growing strategic alliance between India and the UAE in the technology and innovation sectors, with both nations committed to shaping AI that addresses real-world challenges such as healthcare, education, climate change and economic inclusion. By focusing on human…
The Ministry of Defence (MoD) has signed a ₹2,312 crore contract with Hindustan Aeronautics Limited (HAL) for the manufacture and delivery of eight Dornier 228 aircraft along with Operational Role Equipment for the Indian Coast Guard (ICG) under the Buy (Indian) category. The agreement was formalised in New Delhi in the presence of Defence Secretary Shri Rajesh Kumar Singh on February 12, 2026. This programme is expected to generate significant direct and indirect employment by strengthening HAL’s production ecosystem and supporting a broad network of MSMEs and ancillary industries involved in manufacturing and maintenance. It will also create sustained opportunities in Maintenance, Repair & Overhaul (MRO) and life-cycle technical support. The contract reinforces the Government’s commitment to Aatmanirbhar Bharat and the Make-in-India initiative,…
Adani Power Ltd has taken a major strategic step into India’s nuclear energy sector by incorporating a wholly owned subsidiary, Adani Atomic Energy Limited (AAEL), focused on generating, transmitting and distributing electricity derived from nuclear or atomic power. The company announced the move in a regulatory filing to the stock exchange, with AAEL incorporated on February 11, 2026, and authorised with an initial capital of ₹5,00,000 split into 50,000 equity shares of ₹10 each, all wholly held by Adani Power. The formation of AAEL marks Adani Power’s formal entry into a segment that has historically been dominated by state-run entities. While specific project plans or partnerships have…
The Kerala Agricultural University (KAU) has introduced rejuvenated varieties of two iconic spice crops — Cochin ginger and Alleppey finger turmeric, aimed at enhancing yield, quality and resistance to disease. These improved varieties are expected to benefit spice growers across Kerala by increasing productivity and strengthening market competitiveness. Cochin ginger and Alleppey finger turmeric are globally recognised for their distinct flavour, aroma and medicinal properties, and have significant demand in both domestic and export markets. The newly developed strains have been bred to improve plant vigour and mitigate susceptibility to fungal and pest attacks, which have historically affected crop performance. Farmers adopting these varieties can expect higher…
The Delhi Metro Magenta Line is poised to become the longest operational line in the city’s transit network following the sanction of three new corridors comprising 13 additional stations. The Magenta Line, which connects key residential and commercial hubs in Delhi and the National Capital Region, will see enhanced reach and coverage as these extensions progress. Spanning multiple sectors, the expanded line is expected to boost connectivity for daily commuters, ease passenger congestion on existing routes and support integrated travel across adjacent lines. It will link crucial areas including emerging neighbourhoods and major transit points, providing seamless access to workplaces, markets and educational hubs. The project is…
Adani Airport Holdings Ltd (AAHL) is set to raise around ₹1,500 crore to support operations and development across six airports it manages, according to company filings. The capital raise may come through a mix of debt and equity, providing financial flexibility for ongoing projects and future expansions. AAHL, a unit of Adani Group, operates a portfolio of major airports including economic and international hubs, and the planned fundraise is aimed at strengthening balance sheet capacity while supporting capex plans and service enhancements. The move aligns with the company’s growth strategy to improve facilities, upgrade infrastructure and enhance passenger experience across its airport network. The plan underlines continued private investment…
Cochin Shipyard Ltd (CSL) is on track to secure a significant contract from the Indian Navy for the construction of six large survey vessels in a deal estimated to be worth approximately ₹6,000 crore, according to industry sources. The state-run shipbuilder emerged as the lowest bidder (L1) for the tender by quoting below ₹1,000 crore per vessel, giving it a competitive edge in the procurement process. The Indian Navy is expected to formally announce the bid outcome soon and declare the winning shipyard. Larsen & Toubro Shipbuilding was reported as the second-lowest bidder in the contest. If confirmed, this contract would further bolster Cochin Shipyard’s position in India’s defence shipbuilding landscape and…
The Union government has allocated ₹1,418.51 crore to Kerala for fisheries development over the past five years, Union Minister for Fisheries Rajiv Ranjan Singh told the Lok Sabha. The funds were approved under the Pradhan Mantri Matsya Sampada Yojana (PMMSY), a flagship scheme aimed at sustainable growth of the fisheries sector, enhancing infrastructure, productivity and fisherfolk incomes. Projects supported include provision of 20 deep sea fishing vessels, installation of 42 artificial reefs along the coast to rejuvenate stock, 1,140 alternate livelihood initiatives such as bivalve cultivation, and 740 biofloc units that help increase aquaculture yields. Integrated and climate-resilient fishing villages have also been developed to strengthen coastal infrastructure and community resilience. The government highlighted environmental safeguards in offshore…