Archive For The “Business” Category
The airboat developed by the National Aerospace Laboratories (NAL) which has successfully undergone trials at the Ulsoor Lake is being pitched for commercialisation. The airboat named JALDOST was developed by NAL as an in-house project for weed cutting and scooping out floating waste products from lakes and water bodies. After successfully developing and demonstrating its […]
The Centre has approved the procurement of seven additional squadrons of Akash missiles for the Indian Air Force at a total cost of Rs 5,500 crore. Among the four companies tasked with providing the primary components across the 500 to 600 surface-to-air missile (SAM) systems on order, Bharat Electronics Limited (BEL) said that it has […]
Mr Shripad Yesso Naik, Minister of State for Defence, paid a maiden visit to HAL facilities here today. He was received by Mr R Madhavan, CMD and senior officials of HAL at the Helicopter Complex. The officials accompanied him during his visit to LCA Tejas Division, Rotary Wing R&D Centre, LCH, IMRH and LUH hangars. […]
New Delhi: In possibly the first sale of BrahMos supersonic cruise missiles to another country, Thailand is in talks with India for their purchase, official sources said. A few other countries have also expressed interest in BrahMos but nothing has fructified yet. “Negotiations are on. It may not happen this year, but most likely next […]
Staring at a depleting order book, defence PUS Hindustan Aeronautics Limited (HAL) negotiating price for the 83 Light Combat Aircraft (LCA) Tejas aircraft order is likely to agree to a price that is significantly lower than its quotation. According to sources privy to the negotiations, HAL quoted Rs 450 crore per aircraft as the basic […]
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, […]
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 […]
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 […]
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 […]
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 […]