India, Italy Deepen Defence Ties; Focus on Technology and Production

17 Apr 2025 CW Team

Defence Secretary Rajesh Kumar Singh visited Rome, Italy, from 14–15 April 2025, to further enhance bilateral defence cooperation, a key pillar of the India–Italy strategic partnership. The visit began with a meeting with Italian Defence Minister Guido Crosetto, followed by the 11th Joint Defence Committee meeting, co-chaired with Luisa Riccardi, Secretary General of Defence. Discussions covered maritime security, information sharing, and collaboration within the Trans Regional Maritime Network, along with the situation in the Red Sea and Western Indian Ocean.

India emphasised closer defence ties in technology and armament production, aligned with its ongoing policy push to build a robust domestic defence innovation ecosystem. During the India–Italy Defence Industry Roundtable, Shri Singh highlighted reforms aimed at improving ease of doing business, increasing transparency, and supporting private sector growth in India's defence sector.

A key outcome was the signing of an MoU between SIDM and AIAD, aimed at fostering cooperation between defence industries of both nations. The Defence Secretary was accompanied by a senior delegation from India’s Ministry of Defence and SIDM, supporting both government and B2B collaborations.

Source: PIB Delhi

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..