New Delhi:Sagar Defence Engineering Ltd, a vertically integrated deep-tech start-up, has been granted an industrial licence by the government for the manufacturing of surface and underwater vessels for use by the military, people familiar with the matter said on Thursday. The company is among a handful of private entities to get the licence to produce vessels for use by the Indian Navy and Coast Guards. The licence enables the company, subject to applicable regulatory approvals and licence conditions, to undertake activities relating to the design, manufacture, construction, integration, assembly, testing and supply of specified naval defence platforms and associated systems, the people cited above said. The development follows the grant of an industrial licence for the manufacture of arms, explosives and ammunition to Sagar Defence Engineering earlier this year

Ultraviolette to set up new facility in TN

New Delhi:Electric two-wheeler maker Ultraviolette on Thursday announced plans to establish its BIGGA (Big Global Ambition) Factory, a new manufacturing facility in Hosur, Tamil Nadu. In an interview to PTI, Ultraviolette co-founder and CEO Narayan Subramaniam said it plans to invest Rs 779 crore in the new facility over the next five years. The BIGGA Factory will ramp up to an annual manufacturing capacity of 2,50,000 vehicles in a phased manner, with infrastructure designed to scale production to 5,00,000 vehicles per annum as demand grows.

Yamaha strengthens

showrooms in India

New Delhi:India Yamaha Motor Pvt. Ltd. on Thursday announced the inauguration of its 600th Blue Square showroom in India, strengthening its premium retail footprint across the country. Hajime Aota, Chairman, Yamaha Motor India Group of Companies, said: "Reaching 600 Blue Square showrooms is a significant milestone in Yamaha's journey to build a stronger and more connected community across India. As the cornerstone of our premium retail strategy, Blue Square enables us to deliver a distinctive brand and ownership experience for our customers". Together, we will continue to strengthen Yamaha's presence and bring customers closer to the Yamaha experience, he further stated.

Marriott launches Project Prarambh

Mumbai:Marriott International on Thursday announced Project Prarambh, an initiative aimed at helping young people from vulnerable communities secure formal jobs and build sustainable careers in India's hospitality sector, in partnership with The Job Plus and the Tourism & Hospitality Skill Council (THSC). Over the next 2-3 years, the initiative aims to support 500 youth between 18 and 30 years of age with industry-relevant training, workplace exposure and mentorship, helping them build the skills and confidence needed to enter the formal workforce, Marriott International said in a statement.

Bihar peak power demand at 9.5 GW

New Delhi:Bihar's peak power demand has reached around 9.5 GW, and the government is continuing to gear up to meet future electricity needs, State Energy Minister Shailesh Kumar said on Thursday. The minister made the remarks while addressing Bengal Chamber of Commerce and Industry's Energy Conclave in the national capital. Earlier, the power availability in rural areas was a big challenge, he said, adding that continuous power supply is a key priority of his wgovernment.