Embraer and Mahindra will engage with the Indian Air Force to identify the next steps of the MTA program, as well as contact the local aerospace industry in India to start developing the industrialisation plan for the project.
Joshi has been with rival Infosys for 22 years, and is currently the president at the company. He will take charge of the IT arm of Mahindra Group from December for five years.
According to Mahindra, the auto industry is poised for a very strong rebound because it has been buffeted by a number of factors over the last 2-3 years.
CEO Anish Shah is setting out a road map to revive Mahindra Group, a 76-yr-old conglomerate that is exiting money-losing businesses & writing down almost all losses in a restructuring.
The increase in sales point to some sign of life in rural India, and could be an encouraging sign for PM Narendra Modi as the govt prises the economy open again.
Industrialist says Mahindra Group will get its manufacturing units to make ventilators, amid fears that India could be in ‘Stage 3’ of coronavirus spread.
Despite a public power struggle in the USIBC, the Indian side remains in touch with the council, as the split is expected to have limited impact on trade.
MANU PUBBY
Following the transaction which is expected to be completed by November, Dassault Reliance Aerospace Ltd will become an associate company, with Reliance retaining a 49% stake.
From Munir’s point of view, a few bumps here and there is par for the course. He isn’t going to drive his dumper truck to its doom. He wants to use it as a weapon.
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