Archive For The “Business” Category

Reliance Defence corners offset contracts worth ₹21,000 crore on Rafale deal

Even as BEL, Bharat Dynamics Ltd, Samtel and other defence companies, are readying to get a slice of the estimated ₹30,000 crore Rafale offset contract, Reliance Defence has already walked away with a major chunk of the deal. The Rafale offset contract is India’s biggest ever. With two joint ventures in a row related to […]

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Can India emerge as a major contender for aerospace manufacturing?

With global aerospace worth $ 100 billion, the potential for the Indian aerospace industry is only expanding year on year. The numbers speak for themselves. The ninth largest civil aviation market in the world has witnessed 40 percent growth in passenger traffic in the past two years and the demand for commercial aircraft exists & is ever increasing.  The industry is […]

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Why CSIR and other science labs should be given more funds, not less

The Council of Scientific and Industrial Research (CSIR) is among the country’s largest research and development organisations. This year a letter from the director general has informed all of its 38 that they will have to generate their own funds to keep the labs running. This has been the trend since 2015, when as part […]

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CSIR faces fund crunch, asks labs to look outside

The Council of Scientific and Industrial Research is staring at a fund crunch this year. A letter from the organisation’s chief, Dr Girish Sahni, to directors of all of the organisation’s 38 labs says that the funding is “tight” and that labs have to look outside of the CSIR to meet their expenses. In any […]

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Policy tweak to speed up defence purchases

Under a proposed change to defence procurement policy in select areas, acquisition will continue even if only one foreign original equipment manufacturer (OEM) is shortlisted after competitive evaluation, resulting in a single vendor situation. Under existing rules, the procurement process has to be cancelled and started afresh in such cases, which has considerably delayed critical procurements. […]

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The next billion-dollar startup will be in aerospace

Late last month, 500 people from around the world gathered in Dallas at Uber’s inaugural Elevate Summit. The invite-only conference was the next actionable step forward, post-Uber’s white paper published last fall, “Fast-Forwarding to a Future of On-Demand Urban Air Transportation,” to catalyze the emerging ecosystem around what Uber, along with partners in aerospace, aviation, and […]

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HAL to aggressively market Advanced Hawk to foreign buyers

Government-controlled Hindustan Aeronautics Limited (HAL) is looking to aggressively market the upgraded Advanced Hawk trainer jets — jointly developed by HAL and BAE Systems of the UK — to foreign buyers, given the “rather tepid response” from the Indian Air Force for which the jets were initially intended. “We are looking to target friendly countries […]

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HAL turnover at ₹17,400 crore

Hindustan Aeronautics Ltd has achieved a turnover of ₹17,406 crore for the financial year ended March 31, 2017, 4% higher than the year before. Profit before tax was ₹3,294 crore, barely above last year’s PBT. “The company is doing well on expected lines. We contributed around ₹800 crore to the government exchequer by way of […]

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Defence ministry approves projects worth Rs 82,000 crF

The defence ministry cleared projects worth Rs 82,000 crore, including the purchase of 83 advanced and more potent versions of the indigenous Tejas light combat aircraft for the Indian Air Force (IAF). The Defence Acquisition Council headed by Defence Minister Mr. Manohar Parrikar gave its go-head to the IAF’s initial plan to purchase 83 Tejas […]

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HAL, Safran announce joint engine partnership

Joint venture will provide maintenance and other services for engines used by India’s helicopters. Hindustan Aeronautics Ltd., or HAL, and Safran Helicopter Engines announced a new joint venture that will provide maintenance and other services for the Indian military’s helicopters. Officials said the deal with create jobs and boost economic activities in Goa, where the […]

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