Adani Defence Systems & Technologies Ltd (ADSTL), a subsidiary of Adani Enterprises, is acquiring an 85.8% stake in Air Works India (Engineering) Pvt Ltd for ₹400 crore, aiming to enhance its presence in the aviation sector and expand capabilities in civil and defence MRO services. The share purchase agreement, signed by ADSTL, reflects a strategic move to build an integrated aviation services ecosystem and strengthen India’s aviation infrastructure, as highlighted by director Jeet Adani. This acquisition aligns with Adani Defence’s plan announced in October 2022 to acquire Air Works, marking a significant step towards achieving its aviation industry goals.
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Russia lays out demands for talks with US on Ukraine, sources say
Russia has presented the U.S. with a list of demands to end its war against Ukraine and improve relations, including no NATO membership for Kyiv, no foreign troops in Ukraine, and recognition of Crimea and four provinces as part of Russia. The terms, discussed in recent conversations, also address NATO's eastward expansion and require addressing the "root causes" of the conflict. It remains unclear if peace talks with Kyiv will precede acceptance of these demands....
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