Reliance Infrastructure’s wholly owned subsidiary - Reliance Defence (RDL), has signed a Memorandum of Understanding (MoU) with Strata Manufacturing PJSC (Strata), the advanced composite aero-structures manufacturing company, wholly owned by Mubadala Development Company, United Arab Emirates (UAE), to collaborate on advanced aerospace manufacturing capabilities between India and the UAE. The potential partnership, which follows extensive discussions between the two companies, will look at opportunities in the production of Carbon Fibre Composites Aerostructures, Prepegs as well as 3D printing of aerospace components and airframe panels. This collaboration is in line with Strata’s vision to become one of the top aerospace companies globally.
Bharat Forge’s subsidiary - Kalyani Strategic Systems (KSSL), the defense arm of Kalyani Group and Israel Aerospace Industries (IAI) have signed a Memorandum of Understanding (MOU) to incorporate a Joint Venture Company (JVC) in India. As part of the MOU, IAI and KSSL are aiming to expand their presence in the Indian defense market and to Build, Market and Manufacture specific Air Defense Systems and Ground to Ground & Ground to Sea Munitions. The MOU is the first step of a process to establish a JVC between the two companies. The JVC will integrate strategic state-of-the-art defense systems for the Indian MOD in accordance with the Indian Government’s ‘Make in India’ policy.
Maruti Suzuki India, India’s leading passenger vehicle manufacturer, has launched the Ertiga Limited Edition. Ertiga Limited Edition is a blend of style and comfort with tasteful innovation in exteriors and interiors. An all-new body colour, stylish alloy wheels, refreshed wooden finish interior styling kit, premium seat covers and plush interiors with glistening accent finish. All this, combined with advanced VVT engine and outstanding SHVS (Smart Hybrid) diesel technology. This Limited Edition Ertiga will be available only in the VXi and VDi variants in three exciting colours Exquisite Maroon (new), Silky Silver and Superior White. Ertiga Limited Edition is available in the price range of Rs 7.85 lakh to Rs 8.10 lakh ex-showroom, New Delhi (the ex-showroom price includes the accessory package).
The Union Cabinet has approved a proposal to merge the five subsidiaries of State Bank of India with the parent. The merger will bring nearly a quarter of all outstanding loans in India's banking sector to SBI's books. The combined entity will have a mammoth network of nearly 23,000 branches, further increasing the dominance of the nation's largest bank.
Bengaluru based strategic electronics manufacturer, Centum Electronics has expanded its operations with the launch of their fourth manufacturing facility in their home city. Spread over six acres the facility is about 150,000 square feet and is located at the aerospace park near Devanahalli. The investments toward the facility including up-gradation of lines and technology is about 200 crore, over two years. The inauguration of Centum’s new facility Avanza which provides full time employment to nearly 750 people, will integrate design, manufacturing, factory testing, quality control and advanced manufacturing engineering for Centum’s defence automation business in India and abroad.
Jagran Prakashan’s subsidiary - Music Broadcast has commenced broadcast from its radio station at Madhurai (which was acquired under Phase III auctions held last financial year). The frequency for Madhurai location is 91.9 F.M. Last month, Music Broadcast had commenced broadcast from its Radio Station at Nashik which was acquired under Phase III auctions held last financial year. Jagran Prakashan has business interests in area of newspapers, outdoor, internet, magazines, below the line marketing solutions, and mobile value added services.
Mahindra & Mahindra (M&M) has introduced DiGiSENSE, a revolutionary connected vehicle technology solution in its leading tractor brand, Arjun Novo. This will enhance productivity of the farmers using Arjun Novo and will also provide them with a new ownership experience. DiGiSENSE technology will be available in the 57HP-605DI-i Arjun Novo. DiGiSENSE will empower tractor owners to access vital information about their tractors remotely, on a real time basis. This technology will benefit farmers significantly to improve their efficiency and productivity, enhancing their earning potential. The company, thus, becomes the first OEM in India to offer a cloud-based technology platform in the tractor category.