Knorr-Bremse Group likely to buy Escorts Kubota business

12 Oct 2023 CW Team

In a forthcoming development, Germany's leading rail technology provider, Knorr-Bremse Group, is poised to acquire the railway business of Escorts Kubota. Sources with knowledge of the matter suggest that the deal is on the verge of being officially announced in the coming days.

Escorts Kubota's railway business, a prominent player in the industry, is anticipated to fetch a substantial sum of over Rs 4,000 crore, according to insiders familiar with the transaction.

Knorr-Bremse is renowned for its expertise in manufacturing braking and safety-critical sub-systems for railways and commercial vehicles. This strategic move signifies a significant expansion of Knorr-Bremse's presence in the railway sector. Notably, both Knorr-Bremse and Escorts Kubota are key suppliers to the Indian Railways, and this acquisition is expected to strengthen their contributions to India's vital rail network.

The deal reflects the growing importance of rail technology and safety in India's transportation landscape and further underscores the global interest and investment in the country's expanding rail infrastructure.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..