ECONOMY WGC Unveils ‘Swarnim Udaan 2047’ Roadmap For India’s Gold Economy

The World Gold Council (WGC) has unveiled Swarnim Udaan 2047, a long-term roadmap aimed at strengthening India’s gold ecosystem as the country pursues its ambition of becoming a $30 trillion developed economy by 2047. Developed with Monitor Deloitte, the report calls for coordinated policy reforms across mining, jewellery manufacturing, financialisation, innovation and exports to unlock […]

CW Bureau · Aug 4, 2026

INFRASTRUCTURE HAL Charts ₹14,000-Cr Capex To Expand Production, MRO Capacity

India’s Maharatna defence company Hindustan Aeronautics Ltd (HAL) has drawn up a capital expenditure plan of ₹14,000 crore over the next five years to expand manufacturing capacity and strengthen its maintenance, repair and overhaul (MRO) infrastructure. The planned investment will primarily be directed towards expanding manufacturing facilities and establishing repair and overhaul capabilities for various […]

CW Bureau · Aug 4, 2026

MANUFACTURING Sunita Tools, Polish Defence Co. Sign MoU For Drone Manufacturing JV

Sunita Tools Ltd has entered into a Memorandum of Understanding (MoU) with a Polish defence company to collaborate on the research, design, development and manufacture of ISR drones, loitering ammunition and smart drone ammunition. The collaboration envisages the formation of a joint venture in India, with Sunita Tools holding a majority stake. The MoU is […]

CW Bureau · Jul 30, 2026

STARTUP/TECHNOLOGY HFCL Expands Optical Connectivity Capacity, Okays ₹215-Cr Data Centre

HFCL, a technology enterprise engaged in optical fibre, optical fibre cables and digital connectivity solutions, is strengthening its position in the fast-growing optical connectivity market, supported by rising investments in AI-driven data centres, cloud infrastructure, next-generation telecom networks and digital infrastructure worldwide. The company is also scaling its defence and aerospace business through indigenous technology […]

CW Bureau · Jul 22, 2026

STARTUP/TECHNOLOGY Adani Defence To Buy 44.6% Stake In Flight Simulation Firm For ₹820 Cr

Adani Defence Systems & Technologies Ltd (ADSTL), a wholly owned subsidiary of Adani Enterprises Ltd, has signed a Share Purchase Agreement to acquire the remaining 44.6% stake in Flight Simulation Solutions Pvt Ltd (FSSPL) at an enterprise value of ₹820 crore. The acquisition will increase ADSTL’s holding in FSSPL from 55.40% to 100%, making the […]

CW Bureau · Jul 17, 2026

STARTUP/TECHNOLOGY Scanology Opens Calibration Centre In Noida, Hosts Partnership Summit

Scanology, a global provider of industrial-grade 3D measurement and digital inspection solutions, has opened its India Calibration Centre in Noida. The company also hosted the India Partner Summit 2026 under the theme “Stronger Partnership. Shared Growth. Greater Impact.” Localisation strategy The India Calibration Centre is part of Scanology’s global localisation strategy. It reinforces the company’s […]

CW Bureau · Jul 16, 2026

STARTUP/TECHNOLOGY Garuda Aerospace Partners Micron Instruments To Make Defence Drones

Indian cricketer M.S. Dhoni backed drone startup Garuda Aerospace has signed a Memorandum of Understanding with Micron Instruments Pvt. Ltd. to jointly develop next-generation defence drones and unmanned systems. Micron Instruments is an Indian manufacturer of precision fuzes, defence ammunition systems and critical military components. Focus on indigenous systems Under the agreement, the two companies […]

CW Bureau · Jul 4, 2026

MANUFACTURING Unimech Aerospace Signs Long-Term Supply Contract With Austria’s FACC

Unimech Aerospace and Manufacturing Ltd has signed a long-term supply agreement with FACC Operations GmbH, Austria, one of the world’s leading aerospace Tier-1 suppliers and a strategic partner to major global aerospace OEMs. The agreement covers the manufacture and supply of precision-engineered aerospace components and flying parts. It was awarded to Unimech following a competitive […]

CW Bureau · Jun 30, 2026

STARTUP/TECHNOLOGY Cyient Eyes Stronger Growth In FY27; Unveils ‘The Next Orbit’ Strategy

Cyient Ltd., an engineering, manufacturing, geospatial, network and operations management services company, has unveiled The Next Orbit, its new strategic roadmap aimed at accelerating growth and strengthening market leadership, while expressing confidence of delivering stronger and more profitable growth in FY27. The Hyderabad-headquartered company, which provides digital engineering, technology and consulting services across aerospace and […]

CW Bureau · Jun 10, 2026

MANUFACTURING TVS SCS Enters Aerospace & Defence Supply Chain Market Through ALA JV

TVS Supply Chain Solutions Ltd (TVS SCS), the Chennai-headquartered global supply chain solutions provider and part of the TVS Mobility Group, has formed a joint venture with Italy-based aerospace and defence supply-chain integrator ALA Group to tap opportunities in India’s $28 billion rapidly growing aerospace and defence sectors. Under the agreement, TVS SCS will hold […]

CW Bureau · Jun 4, 2026

MANUFACTURING CUMI Decides To Shut Down Loss-Making Units, Invests In Fab Facility

Carborundum Universal Ltd (CUMI) has initiated closure of its loss-making overseas units while stepping up investments in semiconductors, advanced ceramics and value-added materials as part of its long-term growth strategy. The Murugappa group company has decided to wind up Germany-based Awuko and discontinue operations at South Africa-based Foskor Zirconia after prolonged losses and weak market […]

CW Bureau · May 22, 2026

STARTUP/TECHNOLOGY LTM To Buy Randstad Consulting Business In Europe And Australia

LTM, a global technology consulting and digital solutions company, through its wholly owned subsidiary LTIMindtree UK Ltd, has made an offer to acquire Randstad NV’s technology and consulting services business in France, Germany, Belgium, Luxembourg and Australia to strengthen its domain-led digital engineering and AI services capabilities. The business targeted for acquisition represents annual revenue […]

CW Bureau · May 22, 2026