Cochin Shipyard delivers first indigenous ASW vessel ‘Mahe’ to Navy
Cochin Shipyard Limited (CSL) has delivered INS Mahe, the first indigenous Anti-Submarine Warfare Shallow Water Craft (ASW SWC), to the Indian Navy. The vessel is part of an eight-ship series being constructed under the Navy’s “Atmanirbhar Bharat” initiative to strengthen coastal defence capabilities. Designed and built entirely in India, Mahe features advanced sensors and weapon systems for detecting and neutralising underwater threats in coastal waters. The vessel underwent extensive sea trials before delivery, demonstrating high performance and manoeuvrability. This milestone reinfo..
Vedanta Group to invest Rs 1,000 billion more in Odisha projects
Vedanta Group has announced an additional investment of Rs 1,000 billion in Odisha to expand its operations across metals, energy, and downstream industries. Anil Agarwal, Chairman, made the announcement during the third edition of the Make in Odisha conclave, highlighting the state’s pivotal role in India’s industrial growth.The investment will focus on strengthening Vedanta’s aluminium and copper businesses, establishing new value-added facilities, and boosting employment in the region. The company already operates large-scale plants in Jharsuguda and Lanjigarh, contributing significan..
AkzoNobel plans more asset sales after cutting 2025 guidance
Global paints and coatings major AkzoNobel has announced plans to sell additional assets after lowering its earnings guidance for 2025. The company is undertaking a strategic review to streamline operations and strengthen its balance sheet amid challenging global market conditions. AkzoNobel now expects adjusted operating income to be between EUR 1.3 billion and EUR 1.5 billion for 2025, down from earlier projections. The firm cited weaker demand in Europe and the United States as key factors impacting its outlook. The company aims to focus on high-margin segments, enhance operational effici..
