Archive For The “Business” Category
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 […]
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 […]
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) […]
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 […]
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 […]
Beijing plans to send a manned mission to the moon and to build a research station there within the next decade, state media reported, citing a top space official. China aims to achieve space superpower status and took a major step towards that goal when it became the first nation to land a rover on […]
Hindustan Aeronautics Ltd (HAL) said it has resumed test-flying its intermediate jet trainer (IJT) in a modified version after a gap of almost three years.The first renewed test from its Bengaluru facilities was “flawless”, a statement said: “Its success is an important step [in] the IJT programme.”HAL had halted flight tests of the IJT in […]
L&T MBDA Missile Systems Ltd, a joint venture between engineering conglomerate Larsen & Toubro and France’s MBDA, has urged the government to grant a provisional Letter of Approval (LoA) for the company’s proposed Special Economic Zone (SEZ) unit in Coimbatore to start construction of facilities. L&T MBDA is awaiting an industrial licence, and export orders […]
The Israeli Spike anti-tank guided missile (ATGM) is a weapon system the Indian army has been looking for, particularly to protect its infantrymen and then, its tanks against enemy armour. Now, after months of waiting, the Army will get its first consignment– a small one, though– of the Spike. The Rs 280 crore deal gets […]
Asserting that several foreign countries want to get Indian missiles in their inventory, Defence Minister Mrs Nirmala Sitharaman said there was an export potential of sale of homegrown defence products. The statement assumes significance as traditionally India has been a major arms importer and still depends on foreign vendors for around 50 per cent of […]