Investment

Bharat Electronics Limited (BEL) and Hughes India have entered into a Teaming Agreement for design, development, supply, installation, integration and commissioning of Satellite Communication solutions for helicopters under the Ministry of Defence.

Saudi Arabia is to invest over US$100 billion in India’s energy, refining, petrochemicals, infrastructure, agriculture, minerals and mining, manufacturing, education and health sectors.

Defence Minister Nirmala Sitharaman said Aero India 2019 intended and endeavoured to put India on the Global map and intended metaphorically to be a “Runway to a billion opportunities”.

Tata Consultancy Services has formed a partnership with Nanoheal, a predictive workspace automation platform provider, to offer enterprises cognitive, self-healing end-user device management solutions from Utah.

Commerce and Industry Minister, Suresh Prabhu, has cleared a proposal aiming at simplifying the process of exemptions for Start-ups under Section 56 (2) (viib) of Income Tax Act.

The recent interim budget announced fresh sops for the Indian real estate sector, which, on closer scrutiny, did not really send clear revival signals to the market at all.

Kawasaki Heavy Industries Ltd has opened a new plant in India to serve the construction industry with hydraulic equipment, demand for  which is increasing.

A leading member of the NITI Aayog, Dr V K Saraswat, has called for the development of different kinds of weapons particularly in the areas of low intensity conflicts.

Air Marshal Stuart Evans leading a delegation and 20 defence and aviation technology companies, reflecting commitment to strengthen UK-India ties at Aero India 2019.

Cardlytics, a purchase intelligence platform that makes marketing more relevant and measurable from Atlanta, has opened its first Asia office in Sunrise State of Andhra Pradesh in the city of Visakhapatnam (Vizag).