US RIOTS: High Alert As Trump Rushes 2,000 TROOPS To Los Angeles
In a boost for 'Make in India' defence projects, Rafale fighter aircraft fuselage will now be manufactured by Tata Advanced Systems in the country. Tata Advanced Systems has entered into four Production Transfer Agreements with Dassault Aviation for manufacturing Rafale fighter aircraft fuselages in India, marking the first instance of these components being produced outside of France. According to Dassault, this substantial investment will establish a crucial centre for precision manufacturing within India's aerospace sector. The collaboration involves Tata Advanced Systems establishing an advanced manufacturing facility in Hyderabad. This unit will produce essential structural components of the Rafale, comprising the lateral shells of the rear fuselage, complete rear section, central fuselage and front section.#rafale #makeinindia #tataadvancedsystems #dassaultaviation #indianairforce #defencemanufacturing #aerospaceindia #hyderabad #fighterjets #atmanirbharbharat #indiandefence #aviationnews #defence #indiaselfreliance #privateindustry #globalaerospace #precisionengineering #defencecollaboration #advancedmanufacturing #aerostructure #tata #news #latestnews #toi #toibharat
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Economic Times
a minute ago
- Economic Times
Tata, Merck explore exclusive chemical deal for Dholera semiconductor facility
ETtech Tata Electronics is in discussions with German chemicals giant Merck for a potential exclusive long-term agreement, people aware of the developments told ET. The deal would see Merck become a primary supplier of specialty chemicals and materials essential for semiconductor manufacturing at Tata's upcoming Dholera facility. The Dholera fab, a 91,000 crore ($11 billion) project, is a joint venture with Powerchip Semiconductor Manufacturing Corp (PSMC) of Taiwan. It's a cornerstone of India's ambitious push to establish a domestic semiconductor ecosystem. As construction progresses and the plant gears up for production by 2026, securing a steady and reliable supply of ultra-pure chemicals is paramount. A potential partnership with Merck will help seal this gap, analysts said. 'Tata Electronics is in active negotiations with Merck,' said one of the persons. ' Tata is evaluating the offer and is yet to sign on the dotted line but securing a chemicals partner is very much on their agenda. It will boil down to whether they agree to the exclusivity.' Semiconductor manufacturing uses more than 150 chemicals and over 30 gases and minerals in the production processes. Analysts said this exclusive partnership would provide Tata Electronics with supply chain stability, a critical factor in the volatile global semiconductor market and will help Merck make a foray into India's burgeoning semiconductor industry.'We have been monitoring semiconductor manufacturing developments in India for the past couple of years,' a Merck spokesperson said. 'We believe that India is becoming an increasingly important partner in the global semiconductor ecosystem. However, at this time it is too early to talk about concrete plans for India. We continue to closely follow opportunities that align with our strategic goals.'Tata Electronics didn't respond to queries. Merck is a global leader in specialty chemicals and serves as a crucial ancillary supplier for both existing and future chipmakers, said Neil Shah, vice president of research at Counterpoint Research. It provides a comprehensive portfolio of high-purity materials, including chemicals, gases, and metrology and inspection solutions. 'These offerings support chipmakers throughout various stages of manufacturing, from deposition and etching to final quality control,' he explained. 'An exclusive agreement between Merck and Tata Electronics would create significant strategic advantages for both companies. For Tata Electronics, an exclusive partnership would ensure a consistent, prioritized, and uninterrupted supply of critical materials, mitigating supply chain risks. Having a special price lock-in often comes with exclusivity.' It will allow Tata Electronics to leverage Merck's extensive supplier experience and R&D capabilities. It could thus lead to the development of robust processes, improved manufacturing yields and an accelerated timeline for their chip production.'For Merck, partnering with Tata Electronics, a key player in India's emerging semiconductor landscape, would be a major strategic win,' Shah said. 'As India becomes a more important market for chip manufacturing, this partnership would provide Merck with significant scale and a strong foothold. This position would enable Merck to expand its operational base in India, invest in local R&D, and potentially benefit from government incentives.'Merck will require a robust ecosystem to establish a successful chemicals plant in Gujarat. This includes not only reliable infrastructure--electricity, water, security, logistics--but also a well-developed upstream supply chain with local partners in raw materials to packaging. Shah said this 'holistic ecosystem' is essential to support and sustain Merck's was the first to report in February that Merck was looking to set up a specialty chemicals facility in India. In May, Union minister for electronics and information technology Ashwini Vaishnaw highlighted that Merck, among other companies, was gearing up for the growth of India's semiconductor industry. Elevate your knowledge and leadership skills at a cost cheaper than your daily tea. Tariffs, tantrums, and tech: How Trump's trade drama is keeping Indian IT on tenterhooks Good, bad, ugly: How will higher ethanol in petrol play out for you? As big fat Indian wedding slims to budget, Manyavar loses lustre As 50% US tariff looms, 6 key steps that can safeguard Indian economy Stock Radar: JSPL forms Ascending Triangle pattern on weekly charts, could hit fresh 52-week high soon Nifty and business are different species: 5 small-cap stocks from different sectors with upside potential of up to 30% F&O Radar | Deploy Bear Put Spread in Nifty to play index's negative stance amid volatility Wealth creation: Look beyond the obvious in some things; 10 fertilizer sector companies worth watching
Time of India
4 hours ago
- Time of India
Next Stop, The Future: All-New Metro Rides
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India.com
14 hours ago
- India.com
Months after Ratan Tata's death, BIG decision by Tata Sons shareholders, appoints Noel Tata as…, passes resolutions at…
Shareholders of Tata Sons, the principal holding company of the Tata group have unanimously cleared all six resolutions at its annual general meeting (AGM) on Thursday, including the appointment of Noel N. Tata as a director. The AGM, conducted virtually, was described as being held in a highly positive atmosphere, with every resolution under both ordinary and special business categories receiving unanimous approval, reported PTI citing sources. Tata Sons Shareholders Appoint Noel Tata As Director Among the special business was the appointment of Noel N Tata, the Chairman of Tata Trusts, as a director of the company. He was appointed by the board of directors as an Additional Director with effect from October 22, 2024, after the death of Ratan Tata. 'His appointment and all six other resolutions were passed unanimously. The Shapoorji Pallonji Group also supported all the resolutions. These are good times for the (Tata) group,' said a source. Tata Sons AGM 2025: What Are Key Decisions? The other resolutions in the AGM include reappointment of Venu Srinivasan, Chairman Emeritus of TVS Motor Company, as a Director of Tata Sons and declare dividend on preference shares and ordinary shares of the company for the financial year 2024-25. As per Tata Sons annual report for 2024-25, the directors had recommended a dividend of Rs 64,900 per share on 4,04,146 ordinary shares as compared to Rs 35,000 in previous fiscal. The directors had also recommended a dividend on cumulative redeemable preference shares amounting to Rs 13 lakh for 2024-25. It was Rs 19.78 crore in the previous fiscal. The other special business approved in the AGM was the appointment of Anita Marangoly George as a director. The board of directors had appointed George as an Additional Director with effect from July 12, 2025. The re-appointment of Saurabh Agrawal as a director, along with the standalone and consolidated financial statements, was also approved unanimously by the shareholders of Tata Sons, the sources said. (With Inputs From PTI)
