The Indian mining major Vedanta has inked an MoU with Taiwanese electronics manufacturing company, Hon Hai Technology Group (better known as Foxconn) to form a joint venture (JV) for manufacturing semiconductors in India.
Defence Research Development Organization has selected Paras Defence & Space Technologies Ltd as one of the companies for handing over the technology of border surveillance systems developed by Instruments Research & Development Establishment (IRDE) and DRDO.
Reliance Industries Ltd (RIL) has announced the acquisition of a controlling stake in Mandarin Oriental New York, a premium luxury hotel in midtown Manhattan.
The Cabinet Committee on Economic Affairs has approved an MoU between India and Nepal for the construction of a bridge over the Mahakali River, which forms the border between India and Nepal.