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EquityPandit

EquityPandit
INDIA

Boeing & Airbus Helicopters Sign MoU to Partner on H-47 Chinook

The partnership is for investing in developing capabilities.

Boeing and Airbus Helicopters have signed a Memorandum of Understanding (MoU) to partner on the H-47 Chinook to support Germany’s heavy-lift helicopter needs. The partnership will tighten the strengths and combined expertise to deliver advanced capability, readiness and innovative solutions as part of the German Chinook industry offering, the announcement said.


“We are pleased that Airbus Helicopters has joined our team of strategic partners on the H-47 Chinook program for Germany. The H-47 Chinook is a proven, mature program and is the solution for Germany with an excellent price-performance ratio,” Mark Cherry, Boeing Vice-President and General Manager for Vertical Lift programs, said.


Boeing is committed to working with the German industry on aircraft sustainment, including post-delivery modifications and installations, aircraft maintenance, supply chain services, training and logistical support, and for sub-systems Maintenance Repair and overhaul work, the announcement said.

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INDIA

Toyota to Launch First India R&D Hub, Plans 1,000 Engineers & EV Expansion by 2027

Dhruva Kulkarni

Toyota Motor Corp. is establishing its first R&D centre in India near its Bidadi plant, starting with 200 employees and expanding to 1,000 engineers by 2027, highlighting the market’s rising significance.

The facility aligns with Toyota’s strategy to make India a hub for its Middle East, East Asia, and Oceania operations, focusing on clean and green technologies.

While plug-in EVs have yet to be sold in India, Toyota has relied on hybrids and its partnership with Suzuki to expand in the market. The upcoming Urban Cruiser EV—a rebadged Suzuki e-Vitara—will be built in Gujarat starting in 2025.

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The India R&D centre will be Toyota’s third in Asia-Pacific outside Japan, potentially evolving into a global hub like Mercedes-Benz’s Bengaluru centre.

Amid growing competition from Chinese automakers like BYD, Toyota is intensifying its focus on India for future growth.

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INDIA

Delhi Govt Plans Artificial Rain, Anti-Pollution Drive to Tackle Smog

Dhruva Kulkarni

The Delhi government is set to conduct artificial rain trials, pending water sample test results, along with large-scale anti-pollution efforts to tackle pollution hotspots across Delhi-NCR.

Environment Minister Manjinder Singh Sirsa said the government is actively working to reduce pollution, with visible improvements and efforts accelerating for better air quality.

The government is considering artificial rain, with studies underway to check if the chemicals used could harm health.

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A small-scale test will be conducted in outer Delhi, and water samples will be analysed before moving forward with the plan.

Sirsa called the smog tower project a “failure” and said a new multi-area anti-pollution plan will be announced soon.

The new plan will focus on directly targeting pollution sources and working to reduce them.

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INDIA

West Bengal Govt Announces Rs 6,800 Bonus for Employees, Rs 3,500 for Pensioners

Dhruva Kulkarni

The West Bengal government will provide an ad hoc bonus of Rs 6,800 to employees earning below Rs 44,000 per month as of March 2024, excluding those under productivity-linked bonus schemes.

Eligible employees will receive the bonus before Eid-ul-Fitr or between 15th and 19th September.

Pensioners will get an ex gratia payment of Rs 3,500.

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Employees earning up to Rs 52,000 per month can avail an interest-free advance of up to Rs 20,000.

Thousands of government employees and pensioners are expected to benefit from this decision.

Separately, the West Bengal government informed the Supreme Court that the state commission for backward classes is reassessing the issue of backwardness, with the next hearing scheduled for July.

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INDIA

Chandrababu Naidu meets Indian-origin teen behind AI heart disease detection app

Dhruva Kulkarni

Andhra Pradesh Chief Minister Chandrababu Naidu met Siddharth Nandyala, a 14-year-old Indian-American from Andhra Pradesh and the world’s youngest AI-certified professional, who developed ‘CircadiaV,’ an AI app that detects heart diseases in seven seconds with 96% accuracy.

Tested on over 15,000 patients in the US and 700 in India, including trials at Guntur Government General Hospital, the app uses smartphone heart sound recordings for early detection.

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Naidu invited Siddharth to the Secretariat, praised his innovation, and assured full government support.

Deputy CM Pawan Kalyan also congratulated Siddharth, who attended the meeting with his father and Health Minister Satyakumar Yadav.

Naidu later shared his admiration on social media, calling the app a medical breakthrough and encouraging Siddharth’s contributions to healthcare technology.

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INDIA

Govt Begins India’s First Exploration Licence Auction for Critical Minerals

Dhruva Kulkarni

India has taken a big step in unlocking its critical mineral resources! On Thursday, Union Coal and Mines Minister G Kishan Reddy launched the nation’s first-ever auction of Exploration Licences (ELs) for 13 blocks of critical minerals, including rare earth elements (REE), zinc, diamonds, copper, and platinum group minerals (PGE).

The event also featured a roadshow on the 5th Tranche of Critical Mineral Blocks and the launch of AI Hackathon 2025, focusing on “Mineral Targeting using AI.”

Reddy highlighted India’s mining sector growth over the last decade, stating that the new auction system will bring transparency, efficiency, and private sector participation. The framework allows private companies to explore up to 1,000 square metres per licence, with states like Andhra Pradesh, Gujarat, Jharkhand, Maharashtra, Uttar Pradesh, Chhattisgarh, Rajasthan, and Karnataka offering exploration opportunities.

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The 2023 amendment to the Mines and Minerals (Development and Regulation) (MMDR) Act aims to bridge the gap in private sector participation and boost systematic mineral exploration.

Goa CM Pramod Sawant emphasised the importance of critical minerals for India’s future green energy, stating that the policy will help the country achieve self-reliance on key resources while boosting Goa’s mining sector.

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