Hindalco recalibrates capex to $4.5 bn from $8 bn, cites challenges

Tiruchi Airport Handles over 20 t of Domestic Cargo in a Month

Tiruchi International Airport has handled more than 20 t of inbound and outbound domestic cargo since the facility was launched in late August. Outbound shipments have exceeded inbound volumes, with private carriers transporting goods to Chennai, Delhi, Bengaluru and Mumbai. The domestic cargo service began after the Bureau of Civil Aviation Security (BCAS), an independent department under the Ministry of Civil Aviation, granted clearance. The facility was introduced to give local businesses a faster route for sending goods to major domestic hubs, reducing their reliance on cargo routed throug..

Gabriel India Forms Joint Venture with Forvia for Advanced Seating

Gabriel India, part of the US$2.6 bn Anand Group, has formed a joint venture with France-based Forvia to bring advanced seating systems and technologies to the Indian automotive market. The partnership expands Gabriel India’s participation in vehicle systems as automotive architectures become more sophisticated and customer requirements evolve. The joint venture, named Faurecia Anand Seating India, combines Forvia’s global seating technology expertise with Gabriel India’s manufacturing capabilities, customer relationships and understanding of the Indian automotive market. Forvia will hol..

Hical Technologies, Safran to Explore Rafale Systems Joint Venture

Hical Technologies has signed a Memorandum of Understanding (MoU) with Safran Aerosystems to explore establishing a joint venture for manufacturing complex systems for the Dassault Rafale programme in India. The Bengaluru-based precision electromechanical manufacturer said the proposed venture would support the production of advanced equipment for Rafale aircraft delivered under the Make in India initiative. The proposed operations would include complex fluid and fuel systems and related assemblies. The agreement is intended to expand the role of Indian industry in global aerospace and defence..