At Rs 315 crore ($43 million) per fighter, the Tejas Mark 1A would be a viable competitor in the international market for light fighters. It would be less so if taxes took up its cost to Rs 385 crore
The overall trend of Infosys is optimistic with a rally expected to move in the direction of Rs 1,500 level, as per the weekly chart
The government has approved procurement of 83 indigenously-developed light combat aircraft 'Tejas' for the Indian Air Force
Welcoming govt's approval to the Tejas deal, HAL chief R Madhavan described it as a major shot in the arm towards India's goal of achieving self-reliance in the aerospace and aeronautics sector
India's largest indigenous defence procurement deal is worth Rs 45,696 cr
The two lapped up the bulk of shares during the offers for sale of HAL, Bharat Dynamics
Shares of Bharat Dynamics gained 4 per cent to Rs 311, while HAL was up 2 per cent at Rs 795 on the BSE. In comparison, the S&P BSE Sensex was up 0.50 per cent
All that happened in the markets today
All that happened in the markets today
The government will sell a stake of about 10 per cent, with an option to sell a further 5 per cent in the company, according to a stock exchange filing on Wednesday.
The Indian government will sell a stake of about 10%, with an option to sell a further 5% in the company, according to a stock exchange filing on Wednesday
HAL said the impact due to Covid-19 will be 'minimal' for the company as major portion of the company's revenue is generated from Defense services
According to media reports, the government is looking to sell 5% stake in HAL, while quantum of stake sale for IRCTC will be decided later
All that happened in the markets today
Operational capability at altitudes higher than any other attack helicopter in the world
All that happened in the markets today
Of the Rs 8,722 crore worth of acquisitions, bulk will go towards purchasing the first fixed wing aircraft that HAL has designed and developed in decades
Dual goals can lead to compromise
The Committee on Public Undertakings met on July 29 and selected 11 subjects for a comprehensive examination
To buy 21 MiG-29s, 12 Sukhoi-30MKI aircraft, upgrade existing 59 MiG-29s