Archive For The “Business” Category

Foundation for Dassault-Reliance aerospace park to be laid this week

French aircraft manufacturer Dassault Aviation and Anil Ambani-promoted Reliance Aerospace Ltd will this week lay the foundation stone of an aerospace park which will manufacture aircraft components for the Indian and the global market. French Defence Minister Florence Parlay, top officials of Dassualt Aviation and Chairman of Reliance Group Anil D Ambani are scheduled to […]

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What India’s Largest Aerospace Company With $10-Billion Orders Makes

State-owned fighter jet maker Hindustan Aeronautics Ltd. has filed to launch an initial public offering as the government looks to sell 10.8 percent stake in India’s largest aerospace company. It plans to raise up to Rs 1,500 crore in the share sale. HAL is crucial to Prime Minister Narendra Modi’s plan to cut dependence on defence imports. […]

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Dassault to Invest 100 Million Euros in Indian Venture with Reliance

French major Dassault Aviation will invest over 100 million euros in a joint venture with Reliance Aerospace to manufacture aircraft components as part of the ‘offset obligation’ connected to the purchase of 36 Rafale fighter jets from France. The Dassault-Reliance joint venture represents the largest ever foreign direct investment in the defence sector in India, […]

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India, France Discuss Ways To Ramp Up Strategic Ties

India and France today held wide-ranging talks aimed at further boosting defence and security ties, with a focus on co-development of military platforms, and enhancing cooperation in the maritime sphere. Defence Minister Mrs Nirmala Sitharaman and her French counterpart Florence Parly deliberated on a host of key issues, including the regional security situation, transfer of […]

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Airfares to West Asia touch rock bottom

Low prices are due to off-season, arrival of Saudi Airlines Airfares of scheduled airlines and low-cost carriers, including foreign ones, to destinations in West Asia have touched rock bottom.Seats are available in the range of ₹5,300 to ₹15,480 from Thiruvananthapuram, Kochi, and Kozhikode. On October 8, a seat in economy class to Dubai is available […]

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ISRO hold talks with ArianeGroup

Collaboration being the global buzzword these days in space exploration, the ISRO is turning its gaze Europe-wards. Top VSSC officers and Paris-based ArianeGroup met at VSSC, Thumba, and held discussions to identify areas for possible collaboration.  ArianeGroup builds and operates the Ariane family of launch vehicles and is the European Space Agency’s (ESA) primary contractor […]

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ISRO-Nasa joint team confirms presence of aerosol over Asia

A joint study by the Indian Space Research Organisation (ISRO) and National Aeronautics and Space Administration (Nasa) of the US, which had commenced after satellite images showed the presence of an aerosol layer over the Asia region, has confirmed the same and has also found the presence of nitrate, which is a new finding. Aerosol, the sub-micron size particles suspended in air are […]

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ROLLS-ROYCE BETS BIG ON GAS TURBINE ENGINE TECHNOLOGY FOR AMCA WITH DRDO

British jet engine-maker Rolls-Royce is betting big on developing gas turbine technology in India in collaboration with the Defence Research and Development Organisation (DRDO). It also planning to introduce the Trent 700 jet engines to India. “As a gas turbine engine company, naturally we are in constant discussion with DRDO on possible opportunities for technical […]

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India may agree to buy Japanese US-2i aircraft for $1.3 b

India may finally agree to buy the Japanese ShinMaywa US-2i amphibious aircraft in a deal worth $1.30 billion for the Navy during the visit of Japanese Prime Minister Shinzo Abe during September 13-14. The deal, it seems, got finalised during a meeting between former Defence Minister Arun Jaitley and Japanese Minister of Defence Itsunori Onodera […]

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Trump regime supports sale of F-16 and F-18 to India

The Trump administration has told the U.S Congress that it “strongly supports” the sale of F-18 and F-16 fighter planes to India, built by American companies Boeing and Lockheed Martin respectively. Both companies have offered to assemble these planes in India, should New Delhi decide to buy them. President Donald Trump is in principle against […]

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