Germany, Spain join Mazagon Dock

22 Aug 2023 CW Team

As the South Asian nation aims to bolster its navy to challenge China's growing naval footprint in the Indo-Pacific region, two European military manufacturing behemoths are vying for a Rs 40,000 crore (S4.8 billion) order to build submarines in India.

Six of the warships will be built in India, according to senior Indian officials informed of the developments, who declined to be identified since the negotiations are confidential. The two bids were made by Spain's Navantia in conjunction with private shipyard Larsen & Toubro and Germany's Thyssenkrupp AG and Mumbai's Mazagon Dock Shipbuilders Limited, the sources said.

According to the sources, the Indian Navy would choose the best and most substantial technology transfer on offer. In addition to giving the submarines air independent propulsion—a technique that enables conventional warships to stay underwater for longer—the Ministry of Defense stated when launching the tender in July that it anticipated significant technology transfer to Indian shipyards.

Real Estate

04 Aug 2026

LML Realty Launches Cinema Campaign on Industrial Vision

LML Realty has launched a cinema advertising campaign in partnership with PVR INOX across 81 screens in Gurugram and Faridabad, showcasing the brand’s transformation from a mobility icon to an industrial infrastructure developer.The campaign features a cinematic brand film tracing LML’s journey since 1972, beginning with its iconic scooters and highlighting its evolution into creating infrastructure solutions that support India’s manufacturing growth.The film focuses on LML Industrial Park at Jhirka Valley, the company’s flagship industrial development approved under the Haryana Govern..

IIM Ahmedabad Publishes Case Study on HoABL’s Business Model

The Indian Institute of Management Ahmedabad (IIMA) has published a case study on The House of Abhinandan Lodha (HoABL), examining the company’s digital-first consumer journey and business model that created India’s branded land category.Titled “HoABL: Ready for Scaling Up”, the case study has been published by the IIMA Case Centre and co-authored by Sourav Borah, Associate Professor of Marketing at IIMA, and Dr Aparna Kansal of IMT Ghaziabad. IIMA case studies are used across management and executive education programmes to help students and business leaders analyse strategic decision..

Advait Energy and MEIL Partner for Energy Transition Projects

Advait Energy Transitions Limited (AETL) and Manipal Energy Infratech Limited (MEIL), a company of The Manipal Group, have entered into a strategic Memorandum of Understanding (MoU) to collaborate on power and energy transition opportunities across India and international markets.The partnership aims to combine AETL’s expertise in innovative energy technologies and manufacturing with MEIL’s EPC execution capabilities and project management experience. The collaboration will focus on opportunities across Power Transmission & Distribution, Renewable Energy, Battery Energy Storage Systems..