Page 8 - Defence Sector

Tata Motors completes transfer of defence biz to TASL for Rs 227.7 cr

Tata Motors on Thursday said it has completed the transfer of its defence business with effect from April 1 to Tata Advanced Systems Ltd (TASL) for an upfront consideration of Rs 227.7 crore.

US, Belgium, France and Japan hold Mideast naval exercise amid Iran tension

The US Navy said Sunday it will hold a major naval exercise alongside Belgium, France and Japan in the Mideast amid tensions over Iran's nuclear programme in the region

DRDO tests new Air Independent Propulsion system to be fitted in Scorpenes

The AIP system, once ready, will from 2024-25 onwards, be "retrofitted" into six Scorpene submarines that are being built in India under Project 75

Army got 7 complaints of human rights violations in 2020, none true: Naik

The Army received a total of seven complaints of human rights violations in 2020, but none of them were found to be true, Minister of State for Defence Shripad Naik said on Monday.

44 firms given FDI nod to jointly produce defence items with foreign cos

Minister of State for Defence Shripad Naik made the announcement on Monday

China targets 6% growth in 2021; to spend 3 times India's on defence

6.8% jump in budget for military to $209 mn is the biggest in 2 years

India's border response helped in peaceful resolution of key issues:Rajnath

The country has nurtured close relations with like-minded nations to further common security interests, Defence Minister Rajnath Singh said

Transformation of armed forces a prerequisite to stay relevant: Bipin Rawat

Chief of Defence Staff General Bipin Rawat on Thursday said transformation of Indian armed forces has become a prerequisite to stay relevant in the fast changing geopolitical environment.

Is MTAR Tech IPO worth subscribing? All you wanted to know

The company looks to raise up to Rs 596.41 crore via a combination of fresh issue of shares worth Rs 123.51 crore and an offer for sale of Rs 472.90 crore

MTAR Technologies IPO priced between Rs 574-575, open March 3-5

Comprises a fresh issue of Rs 123 crore and an offer for sale of Rs 472 crore

DAC clears defence procurement worth Rs 13,700 cr for armed forces

The DAC also accorded three Acceptance of Necessities (AoNs) for an overall cost of Rs 13,700 crore, the Defence Ministry said in a statement

Cochin Shipyard bags Rs 10,000-crore Navy order for six missile vessels

The yard has delivered two of India's largest double hull Aframax tankers each of 95,000 DWT

Import embargo on 101 defence items would encourage self-reliance: PM Modi

Modi underscored the opportunities the government has created for the private sector by bifurcating the capital procurement budget into separate domestic and foreign procurement routes

India offers $100 mn credit line to Mauritius to procure defence assets

The two countries a signed also Comprehensive Economic Cooperation Partnership Agreement

Army's financial powers enhanced to speed up weapons procurement

On November 8, 2018, the financial powers of the vice chiefs of the three services were enhanced five-fold for revenue procurement, with an enhanced ceiling of Rs 500 crore

India to have 17 Rafale jets by March; entire fleet by 2022: Rajnath Singh

The entire fleet of the fighter aircraft bought by the country will reach by April 2022, Singh said

Hindustan Aeronautics' light utility chopper for army gets initial nod

The chopper received the initial operational clearance (IOC) from the military aviation regulator on Friday

Centre is working to cut defence imports by $2 bn by next year: Rajnath

The govt aims to encourage the manufacture of defence related items in the country

HAL's order book expected to cross Rs 1 trillion in the next year

Hindustan Aeronautics Ltd (HAL) is a state-run aerospace behemoth

India invites global defence, aerospace firms to set up manufacturing units

India on Wednesday invited global defence and aerospace companies to set up manufacturing units in the country taking advantage of various initiatives taken by the government in the field.