Unimech Aerospace will use the funds from its initial public offering for capital expenditure in "two tranches", the company's chairman and managing director said.
Domestic two-wheeler sales witnessed a significant drop of 19 per cent to 128,335 units from 158,370 units in the year-ago period. However, this was partially offset by strong export performance
Adani's comment comes amid a debate sparked by Infosys founder Narayana Murthy after the latter pitched for a 70-hour week so that India can compete with advanced economies.
