Centre approves FRP of Rs 365 per quintal for sugarcane (See 'Corp Brief') IIT-M's First Technology Summit Integrates AI Breakthroughs With Nation-Building (See 'Corp Brief') Centre Pushes Fast-Track Construction of Tribal Schools; Reviews Progress of 728 EMRS Projects (See 'Corp Brief') Cabinet approves Ship Repair Facility at Vadinar (See 'Corp Brief') A&C - Argument having not been raised before Sole Arbitrator, High Court at Sec 11 stage, Commercial Court u/s 34, or in pleadings of present appeal, cannot be permitted to be advanced orally at final stage: HC (See 'Legal Desk') Cabinet approves 3 multitracking projects covering 19 Districts (See 'Corp Brief') India-Japan cooperation in healthcare is guided by a shared vision: Nadda (See 'Corp Brief') Start-ups & MSMEs driving force to realise Viksit Bharat goal: MoS (See 'Corp Brief') A&C - If arbitration clause does not expressly specify seat of arbitration, does not identify definite venue, and does not contain exclusive jurisdiction clause, petition u/s 11(6) may be maintained: HC (See 'Legal Desk') BRO's Project Deepak celebrates 66th Raising Day (See 'Corp Brief') IPR - Appellant is a portal that reproduces university rankings & information available in public domain without alteration, editorial bias, or disparaging commentary - no interim injunction: HC (See 'Legal Desk') Capital Market - If allegation of insider trading under SEBI (PIT) Regulations, 2015 failed entirely, there is no contravention of SEBI Act: SAT (See 'Legal Desk') India witnesses Historic Expansion in Social Security: Mandaviya (See 'Corp Brief') Health Ministry releases RBSK 2.0 Guidelines at National Summit on Best Practices (See 'Corp Brief') NHAI successfully launches India's first Multi-Lane Free Flow Tolling System (See 'Corp Brief') IBC - Since MPID Act falls within State legislative field and attachment mechanism under MPID Act, especially where property already stands attached and vested in State, cannot be overridden by invoking Sec 238 or Sec 96 of IBC: HC (See 'Legal Desk') Goyal congratulates IIFT on 63rd Foundation Day (See 'Corp Brief') Outreach workshop on Atmanirbhar Panchayat Programme held at NIRD&PR, Hyderabad (See 'Corp Brief') Hyderabad should emerge as Global Hub for Yoga and Wellness: Reddy (See 'Corp Brief') IBC - If CIRP period expires without approved resolution plan, separate CoC resolution approving liquidation by 66% voting share is not required for Adjudicating Authority to order liquidation u/s 33(1)(a): NCLAT (See 'Legal Desk') Reining in Misuse of IBC for Recovery (See CORP EINSICHT)

Print

BHEL inks MoU with SwissRapide AG to bring Maglev Trains to India

Published: Sep 17, 2020

By TIOLCORPLAWS News Service

NEW DELHI, SEPTEMBER 17, 2020: Bharat Heavy Electricals Limited (BHEL), has entered into a Memorandum of Understanding (MoU) with SwissRapide AG for Maglev Train projects in India. To this effect, an MoU was signed by Mr. S.V. Srinivasan, GM&Head (Transportation Business Group), BHEL and Mr. Niklaus H. Koenig, President and CEO, SwissRapide AG. The agreement has been signed in the backdrop of the Prime Minister's 'Make in India' and 'Atmanirbhar Bharat' initiatives, and will enable BHEL to bring the latest, world-class technology to India and manufacture state-of-the-art Maglev Trains indigenously. The MoU sets out the foundation to cooperate and explore mutually beneficial business opportunities, and to utilise both the companies' inherent capabilities, skills, knowledge and assets, with respect to the scope of Maglev Train projects in India.

TIOL CORP SEARCH

TIOL GROUP WEBSITES

taxindiaonline
taxindiainternational
tioltube
TKF
TIOLawards
A TIOL Website. Copyright © 2025 TIOLcorplaws.com All rights reserved.