Defense Ministry inks Rs 16.14 bn deal for next-gen coast guard vessels

CCI Approves Indorama’s 24.9 per cent Stake Buy in EPL Limited

The Competition Commission of India has approved the proposed acquisition of a 24.9 per cent equity stake in EPL Limited by Indorama Netherlands B.V.The transaction involves Indorama Netherlands B.V., a private limited liability company incorporated in the Netherlands and an indirect subsidiary of Indorama Ventures Public Company Limited, acquiring nearly a quarter of EPL Limited’s share capital.EPL Limited operates in the packaging sector, specialising in the manufacture and sale of laminated and extruded plastic tubes.A detailed order from the Commission is expected to be issued shortly. ..

IWAI Opens Srinagar Office to Boost River Transport

In a significant development for the Inland Water Transport (IWT) sector in the Union Territory of Jammu and Kashmir, the Inland Waterways Authority of India (IWAI), under the Ministry of Ports, Shipping and Waterways, has established a new office at Srinagar’s Transport Bhawan. The premises have been provided by the Jammu and Kashmir government, and the office will be operational from today. It will serve as the hub for all IWT-related projects in the region.IWAI has entered into a Memorandum of Understanding (MoU) with the Union Territory’s government to develop inland navigation infrast..

India Opens First 3nm Chip Design Centre

Union Minister for Electronics & IT, Railways, and Information & Broadcasting, Shri Ashwini Vaishnaw, today inaugurated two advanced semiconductor design facilities of Renesas Electronics India Private Limited, located in Noida and Bengaluru. Marking a milestone in India's semiconductor journey, the Minister announced that these centres include the country’s first-ever facility dedicated to designing next-generation 3 nanometre (nm) chips.“Designing at 3nm is truly cutting-edge. India has already worked on 7nm and 5nm nodes, but this takes us into a new league,” said Shri Vaishna..