Archive For The “Business” Category

Space cooperation MoU Signed between India and Tunisia

Memorandum of Understanding between the Government of the Republic of India and the Government of the Republic of Tunisia on cooperation in the exploration and use of outer space for peaceful purposes” was signed today (June 11, 2019) at ISRO Headquarters. Mr. Nejmeddine Lakhal, Ambassador of Tunisia to India and Dr. B. Bala Bhaskar, Joint Secretary, […]

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HAL Delivers Chetak Helicopter to Indian Navy Ahead of Schedule

HAL delivered a Chetak helicopter ahead of schedule to Indian Navy.  The documents were handed over by Mr S. Anbuvelan, General Manager of Helicopter Division-HAL to Commodore Vikram Menon, VSM, CSO(Air), HQNA in an event held at HAL facilities here, today. HAL entered into a contract with the Indian Navy in August 2017 for supply […]

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Delhi plans to purchase rocket engines from Moscow: DPM Yury Borisov

Delhi has plans to purchase rocket engines from Moscow for its growing national space program, Russia’s deputy prime minister has said coinciding with Chandrayaan-2 launch. Deputy Prime Minister Mr Yury Borisov told reporters here about the planned rocket sales, and recognized India’s achievement in its latest mission to explore the Moon, according to the RIA […]

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IIT Delhi signs MoU with five CSIR laboratories to promote cooperative research

Indian Institute of Technology Delhi, recognised by the Govt of India as an Institution of Eminence, has entered into an agreement with five of the renowned National Laboratories of CSIR Viz CSIR-Advanced Materials and Processes Research Institute, CSIR-Central Scientific Instruments Organisation, CSIR-Central Electronics Engineering Research Institute, CSIR-Institute of Minerals & Materials Technology, CSIR-National Physical Laboratory […]

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Expanding India’s share in global space economy.

What is the issue? The Indian space industry is in need of some serious revolutions as it is lagging behind in the global space industry with its share in it being very minimal. What is India’s share in the global space economy? Today, the value of the global space industry is estimated to be $350 […]

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India entitled to US waiver for Russia’s S-400 missile system deal: Sources

Terrorism, H1B visas, trade and the situation arising out of US sanctions on buying oil from Iran, will be among a host of issues on the table when External Affairs Minister Mr S Jaishankar holds talks with his American counterpart Mr Mike Pompeo. The US Secretary of State’s visit starting is the first high-level visit […]

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BrahMos JV value now stands at Rs 40,000 crore

The BrahMos venture between India and Russia to build supersonic cruise missiles was started with an initial investment of Rs 1,300 crore and the business has now grown to the tune of Rs 40,000 crore, a top official of the company.  BrahMos Aerospace CEO and Managing Director Mr Sudhir Mishra said like the supersonic missiles […]

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FY 2018-19: HAL Registers 7.8% Rise in Turnover, 14.8% in PAT

HAL (standalone) achieved an all-time high turnover of Rs. 19,705 crores, registering a growth of 7.8% for FY 2018-19 over the turnover of Rs 18,284 crores in the corresponding previous year. The audited results of the Company were approved by HAL’s Board of Directors at its meeting held here today. HAL’s  Profit After Tax (PAT) […]

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DRDO spends 25% of budget on R&D, says Chairman

Defence Research and Development Organisation (DRDO) Chairman Dr Satheesh Reddy said they were spending 25 per cent of the budget on research and development (R&D).”The DRDO has been spending around 20-25 per cent of the budget on R&D,” Dr Reddy said while talking about ‘technology for national security’ at the Institute for Defence Studies and […]

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Boeing plans to build 21st-century aerospace ecosystem in India

Eyeing India’s multi-billion dollar fighter jet market, Boeing has offered to build a 21st-century aerospace ecosystem in India for co-developing F/A-18 Super Hornet upgrades as part of the country’s advanced medium combat aircraft (AMCA) programme. Two major American fighter jets manufacturers – Boeing and Lockheed Martin – are in the race for the Indian fighter […]

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