Page 9 - Defence Sector

Boeing gets nod from US government to offer F-15EX jet to India: Official

The firm said it received approval from the US government to offer its F-15EX multi-role combat jet to the Indian Air Force

India to soon become big producer of defence equipment: PM Modi

Prime Minister Narendra Modi on Thursday addressed a National Cadet Corps (NCC) rally

Red-tapism made acquisition process a vicious cycle: Indian Army Chief

Self-reliance is a strategic necessity but to achieve it a revolution is needed in bureaucratic affairs, Indian Army Chief General Manoj Mukund Naravane said

HAL stock takes flight on robust order book, indigenisation focus

The over Rs 47,000 cr light combat aircraft order has boosted growth prospects, while valuation remains reasonable

Hindustan Aeronautics soars 14% on $6 billion government defence deal

The government said it would buy 83 fighter aircraft from the company for over $6 billion in the biggest defence deal for a homegrown company

Tech Mahindra partners with College of Military Engg for defence solutions

IT major Tech Mahindra on Tuesday said its research and development arm, Makers Lab, has collaborated with the College of Military Engineering (CME), Pune to address challenges in the field of defence through technological innovations. CME will leverage the partnership to address critical military problem statements and be future-ready using next-generation technologies of Artificial Intelligence (AI) and Robotics, a statement said. Through this collaboration, Makers Lab will provide real world technological exposure to the army officers at CME and assist them in getting the nuances of next-generation technologies such as AI, Machine Learning (ML), Robotics, Internet of Things (IoT), Augmented and Virtual Reality (AR/VR) to make them future-ready for modern-day warfare, it added. As a part of this partnership, Tech Mahindra will establish a Makers Lab at CME to utilise their diverse set of capabilities and promote R&D to provide cutting-edge technology solutions for defence ...

3-month extension given to defence forces for emergency weapon acquisition

The defence forces have been buying a number of spares, weapons, missiles and systems

Defence tech service provider hacked, company claims Rs 50-cr loss

The company, ELCOM Innovations, provides technology solutions to the country's defence forces

Rajnath approves new procurement manual for DRDO to encourage research

Rajnath Singh said that the new manual will help towards realising Prime Minister Narendra Modi's dream of Atma Nirbhar Bharat

Defence industry must evolve to meet needs of armed forces: Army Vice Chief

The Indian defence industry needs to evolve to provide solutions for the protection requirements of armed forces, Indian Army Vice Chief Lieutenant General S K Saini said on Saturday

Cong urges govt to reverse decisions on privatisation of ordnance factories

Some Congress leaders demanded that the govt reverse its decisions on proposed privatisation of ordnance factories and FDI policy changes in defence, saying they compromise national security interests

Aero India will be gateway to invest in defence sector: Rajnath Singh

Union Defence Minister Rajnath Singh said on Wednesday that the 13th Aero India would help India rank among the top five countries of the world in defence and aerospace industries

Industry executives relieved by restrictions in new defence FDI policy

Raised FDI cap is not on offer to companies that already have government approval for 49 per cent FDI in a joint venture.

Govt permits up to 74% FDI under automatic route in defence sector

The government has permitted FDI of up to 74 per cent under automatic route in the defence sector with a view to attracting overseas investors, according to a press note issued by the DPIIT

BEL upbeat on defence biz prospect, seeks to ride govt's self-reliance push

Defence contributed 82 per cent of sales revenue of BEL in 2019-20, up from 68 per cent in the previous fiscal

Small positive growth can't be ruled out despite Covid lockdown: Rangarajan

Noting that the lockdown has put a brake on the economy, the paper suggested that the need to kick start the economy and move it forward has become urgent

Tata Power wins Rs 490 cr defence order for all-weather rocket system

Contract to be executed in 31 Months after accord of Bulk Production Clearance, and once First off Production Model is validated

India to start bidding process for 6 submarines worth Rs 55,000 cr by Oct

The submarines will be built in India under the much-talked-about strategic partnership model that allows domestic companies to join hands with leading foreign defence majors

Agriculture has major role to play in Atmanirbhar Bharat: PM Modi

When farmers and farming move forward in the form of industry, employment and self-employment opportunities are going to be created in the village and near it, on a large scale," said Modi

India's self-reliance in defence sector to boost its global standing: Modi

PM Modi said that his government's resolve for 'Aatmanirbhar Bharat' is not inward-looking, but aimed at boosting India's capabilities and global peace