Thursday, Triveni Engineering & Industries Ltd announced the signing of a Memorandum of Understanding (MoU) with Rolls-Royce Marine North America Inc to explore collaborative opportunities in developing 4 MW marine gas turbine generators for Indian clients. Shade, Executive Vice President for U.S. Business Development and Future Programmes at Rolls-Royce Defence, highlighted the company’s extensive experience in powering advanced naval platforms, including the U.S. Navy’s DDG-51 destroyer.
RBI likely sold $12 billion in gold reserves amid rupee pressure
India’s central bank, the Reserve Bank of India (RBI), is estimated to have sold nearly $12 billion worth of gold reserves within a two-week period ending May 22. The assessment, based on...





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