Mahindra to pump Rs 45 Bn for new electric brands

02 Dec 2024 CW Team

Commerce and Industry Minister Piyush Goyal has highlighted opportunities for India and France to expand partnerships in key sectors such as aerospace, electric vehicles, agriculture, and food processing, benefiting both nations. Addressing the Asia Pacific Commission (APAC) 2024 Forum, organised by the French Foreign Trade Advisors, he stressed the importance of adopting sustainable practices to counter climate change globally. Bilateral trade between India and France stood at $15 billion in 2023-24, with Indian exports valued at $7 billion and imports at $8 billion. Goyal noted that France ranks as the 11th largest foreign direct investor in India, with over 750 French companies operating in the country and around 70 Indian firms established in France. On renewable energy collaboration, Goyal lauded the success of the International Solar Alliance (ISA), a joint initiative led by India and France, which now includes over 100 member countries. In the aerospace sector, Goyal pointed out India’s position as a burgeoning aviation market, with 1,500 aircraft already on order and the potential for orders to rise to 2,000. He urged the French aviation industry to explore manufacturing opportunities in India. Goyal also emphasised the potential for co-innovation in automobiles and electric vehicles, noting India's large base of first-time vehicle buyers. He remarked that offering sustainable mobility options to this demographic would be easier and impactful. Turning to digital technology, Goyal identified promising areas for collaboration, including fostering startups in cybersecurity, artificial intelligence, e-commerce, and quantum technologies. He further called for enhanced defence sector cooperation, highlighting India’s strong patent protection regime and its approach of not insisting on technology transfers, which makes it an attractive partner for defence innovation.

Infrastructure Urban

06 Nov 2025

Concord Control Systems Limited Reports ~85% YoY Growth in H1 FY26

Concord Control Systems Limited (BSE: CNCRD | 543619), India’s leading manufacturer of embedded electronic systems and critical electronic solutions, announced its unaudited financial results for the half year ended September 30, 2025.Financial Highlights – H1 FY26 (YoY Comparison)Revenue from Operations rose to ₹815.45 million, up from ₹497.53 million in H1 FY25, marking a 63.90% year-on-year growth.EBITDA increased to ₹217.34 million, compared to ₹142 million in the same period last year.EBITDA Margin stood at 26.65%, compared to 28.54% in H1 FY25, with the decline attributed to ..

Gateway Distriparks Announces Q2 FY25 Results

Gateway Distriparks Limited (GDL), one of India’s leading multimodal logistics providers, announced its financial results for the quarter ended 30 September 2025.For Q2, the company reported total revenue of INR 154.8 crore (H1: INR 316.9 crore), EBITDA of INR 20.56 crore (H1: INR 45.65 crore), PBT of INR –4.23 crore (H1: INR –0.28 crore), and PAT of INR –2.91 crore (H1: INR –0.37 crore). The company stated that these numbers reflect the consolidation of accounts following Snowman Logistics transitioning from an associate company to a subsidiary in December 2024.Commenting on the per..

Last-Mile Connectivity a Prime Focus, Says Ms. Ashwini Bhide,

The IMC Chamber of Commerce and Industry (IMC) hosted a high-impact Managing Committee session today on the theme “Mumbai Metro: Transforming Connectivity and Commuting.” The session featured an insightful address by Ms. Ashwini Bhide, Managing Director, Mumbai Metro Rail Corporation Ltd. (MMRCL), who shared updates on key transport infrastructure developments across Mumbai and the MMR region.Emphasising the city’s critical economic role, Ms. Bhide noted, “Mumbai is the economic powerhouse of Maharashtra, with more than 95% of the region’s population living in urban areas. As Maharas..