India offers cut in ICT import duties to fast-track EU FTA

India has sought to settle a long-standing dispute with the European Union (EU) by offering exclusive import duty concessions for certain information technology products, under the proposed bilateral free trade agreement (FTA) with the 27-country customs-cum-monetary bloc. To address concerns on the information and communication technology (ICT) tariffs, the government is looking at limiting the […]

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Fairfax India buys additional 7% stake in Bengaluru airport

Fairfax India Holdings has announced the acquisition of an additional 7% equity interest in Bangalore International Airport (BIAL) from Siemens Project Ventures GmbH, part of Siemens Financial Services, for $175 million. As previously announced, in the initial transaction, Fairfax India had acquired an additional 3% equity interest in BIAL from Siemens Financial Services through its […]

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Mitsubishi Electric inaugurates new manufacturing plant worth Rs 2.2 billion in Maharashtra

Mitsubishi Electric India announced the launch of its state-of-the-art smart manufacturing facility for advanced Factory Automation Systems in Talegaon Industrial area, Maharashtra, India. The overall manufacturing facility, it said, measures 40,000 sq.m, initially built up to 15,400 sq.m, backed by a Greenfield Investment of Rs 2.2 billion. “This investment reinforces Mitsubishi Electric‘s commitment to strengthen […]

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Honeywell Leadership Challenge Academy: Nurturing global STEM leaders

Honeywell recently hosted 237 students at the US Space & Rocket Center (USSRC) in Huntsville, Alabama, for the annual Honeywell Leadership Challenge Academy (HLCA). Among them, This diverse gathering included students from 45 countries and 29 US states and territories, encompassing children of Honeywell employees and students from Charlotte Mecklenburg County Schools involved in the […]

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Smart Cities Mission: Rs 1.16 lakh crore utilised so far, Rs 78K crore issued – Know more about India’s mega infra projects

About 6.271 projects worth Rs 1.16 lakh crore have been implemented under the Smart Cities Mission across the 100 selected cities for the mega-project of the Central government, according to the Minister of State for Housing and Urban Affairs, Kaushal Kishore in a written response to the Rajya Sabha during the ongoing winter session of […]

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