European aviation major Airbus today announced the appointment of Ashish Saraf as the head of its helicopter division in India.
Saraf, whose appointment is effective from July 1, took over from Xavier Hay, who leaves India after six years to take over new responsibilities, the company said in a release.
Since 2015, Saraf had been serving as the vice president industry development, strategic partnerships and offsets at Airbus India, focusing on 'Make in India' initiatives aimed at enhancing the company's industrial footprint, it added.
********************* ATR delivers 1,000th twin-engine turboprop ATR 72 plane *
European regional jet maker ATR today delivered the 1,000th twin-engine turboprop ATR-72 plane, amid growing demand for the smaller aircraft particularly in the emerging markets including India.
The 1,000th ATR-72 plane was delivered to India's largest carrier by domestic market share IndiGo, Franco-Italian aircraft manufacturer said in a release.
"We are proud of delivering the 1,000th ATR-72 aircraft, as it underlines the many advantages it provides to airlines when it comes to ensuring essential connectivity and exploring new business opportunities," said Christian Scherer, chief executive officer, ATR.
IndiGo has already inducted 10 ATR-72s in its fleet.
********************* Sambandh gets $2.5 mln from overseas fund *
Sambandh Finservem which has Sidbi as an achor investor, today said it has received USD 2.5 million equity infusion from Base of Pyramid Asia, which will help the company to geographically expand its operations, apart from providing the necessary resources to bring in new technologies.
Sambandh is presently working in 20 districts of Odisha, Chhattisgarh and Jharkhand.
Earlier in March, Sidbi and Dia Vikas Capital existing institutional investors have reposed their faith by participating in a round of equity as well.
Coming together of Sambandh and the new investor will help it achieve the long-term goals of building a sustainable financial institution with best global practises and help it translate into holistic impact at the grassroots, the company said in a statement.
********************* Ford India celebrates 1-mln customer milestone *
Ford India today said it has sold one million cars in the country since its entry in 1998.
The Chennai-based company said its one-millionth customer is from New Delhi who took delivery of Freestyle, a compact utility vehicle today.
"We are proud and excited to reach 1 million customers here and remain indebted to our customers for their faith and trust," said the American auto maker which since 1998 has invested over USD 2 billion in the country.
Ford sells the Endeavour, Fiesta, Figo and EcoSport among other models in the country.
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