Engineering services firm Cyient, erstwhile Infotech EnterprisesBSE -1.33 %, has agreed to sell its entire 49% stake in Infotech Aerospace Services to Pratt & Whitney, part of United Technologies Corporation, for...
Cyient agrees to buy US design firm B&F for $5.5 million
Hyderabad headquartered mid-sized engineering solutions firm Cyient, formerly Infotech EnterprisesBSE 0.17 %, has announced signing definitive agreement to acquire 100 per cent equity ownership in the US-based design...
GE, ABB restart talks over industrial solutions deal: sources
General Electric Co (GE.N) has resumed negotiations to sell its industrial solutions business to Swiss engineering company ABB Ltd (ABBN.S), after the U.S. industrial conglomerate moderated its price expectations...
Schneider, Eaton frontrunners to buy L&T’s electrical business
Schneider Electric SE, the French industrial multinational and Eaton Corp have emerged as the top contenders to acquire Larsen & Toubro’ electric and automation division for Rs 15,000-Rs 17,000 crore as India’s...
L&T to sell some non-core businesses to become more nimble
Larsen & Toubro (L&T) hopes to monetise at least two to three non-core businesses as the engineering major hopes to bag at least one large order in the defence division. “We are redefining our core businesses...
Govt stake in Engineers India down to 54%
The government shareholding in Engineers India Ltd (EIL) has fallen to 54.17% after it sold some shares under the company’s buyback programme. It had 57.02% in EIL prior to the launch of the Rs658.80 crore share buyback...
L&T to sell subsidiary L&T Cutting Tools for Rs 174 cr
Engineering conglomerate Larsen & Toubro (L&T) on Wednesday plans to divest its entire stake in L&T Cutting Tools for Rs 174 crore. The sale is part of L&T’s larger strategy to focus on core business...
EIL’s Rs 658.80-crore share buyback to open on July 25
State-owned Engineers India’s (EIL) Rs 658.80 crore share buyback will open on July 25 and close on August 7. According to a regulatory notice by lead manager IDBI Capital Markets and Securities, EIL plans to...
Wipro Infrastructure Engineering ties up with IAI
Wipro Infrastructure Engineering (WIN) and Israel’s largest aerospace and defence firm Israel Aerospace Industries (IAI) on Wednesday announced a strategic alliance for manufacturing composite aerostructure parts and...
Bankruptcy tribunal initiates action against Jyoti Structures
The Mumbai bench of National Company Law Tribunal (NCLT) on Tuesday cleared bankruptcy proceedings against Jyoti Structures after the company failed to repay dues worth Rs 7,000 crore to Indian banks. The company was...
Adventz Group signs $2 billion pact with Israeli firm Lesico
Adventz Group today said it has signed a USD 2-billion-plus agreement with Israel’s Lesico group to collaborate in light rail transit (LRT) projects in Tel Aviv and Jerusalem. “The MoU between Lesico with...
BHEL ties up with Kawasaki to make steel metro coaches
State-run engineering firm BHELBSE -0.33 % today said that it has entered into an agreement with Kawasaki Heavy Industries Ltd (KHI), Japan, to produce stainless steel coaches and bogies for metro rail. “To this...
