The State Bank of India (SBI) will set up an Innovation, Incubation and Acceleration Centre (IIAC) at Hyderabad, Telangana which will be operational in six to nine months of on-boarding a consultant.
Hindustan Aeronautics Limited (HAL) Indian state-owned aerospace and defence company, introduced a 19-seater aircraft 'Hindustan 228' in a first of its kind attempt to develop small civil transport aircraft under the UDAN (Ude Desh Ka Aam Naagrik) Scheme.
The Dredging Corporation of India (DCI) and Cochin Shipyard Limited (CSL) have inked an agreement to build the first indigenous dredger of the country.
The digital payments networks Mahila Money, Visa and Transcorp Prepaid Payment Instruments (PPI) have launched Mahila Money Prepaid Card to help women entrepreneurs easily collect payments, loans and get incentives for transactions.