Archive For The “Business” Category
Hindustan Aeronautics Limited recorded a turnover of over Rs. 19,400 crores (provisional and unaudited) for the financial year ended on March 31, 2019 (corresponding figure for the previous year was Rs. 18,284 crores). The Company has posted a revenue growth in excess of 6% during 2018-19 as compared to 3.8% during 2017-18. The performance of […]
A private entity, Bengaluru-based Newspace India Limited, has been set up under the Department of Space to aid the transfer of ISRO technologies for commercial purposes. The company was incorporated on March 6 with Mr Radhakrishnan Durairaj and Ms. Suma Devaki Ram as directors and a paid-up capital of Rs 10 crore. This has come […]
The Tamil Nadu government is impressing upon Hindustan Aeronautics Limited to set up a manufacturing unit at Salem as the state has been chosen for establishing the Centre’s ambitious defence corridor, a senior official has said. The move is a part of the ‘Make in India’ programme to catalyse indigenous production in defence manufacturing. “(In) Salem, we are looking […]
Tata Chemicals has signed a non-exclusive agreement with the Indian Space Research Organisation for the latter’s lithium-ion cell technology. Under this agreement, ISRO will transfer the technology to Tata Chemicals which will utilise the knowhow to manufacture lithium-ion cells, Tate Chemicals said in a statement. The Vikram Sarabhai Space Centre, a part of ISRO, has […]
India’s BrahMos missile for Chile! The armed forces of Chile have reached out to India and expressed their interest in buying the buying the BrahMos missile a joint venture of India-Russia. BrahMos Company is already registered with Chilean Armed Forces, which is mandatory requirement for any company to export system to Chile. However, as per […]
India and the US have identified small air launch unmanned aerial vehicles and a lightweight small arms technology project along with aircraft maintenance for defence collaboration, a top Pentagon official has said. The US statement came as defence officials from the two countries held their latest round of Defence Technology and Trade Initiative (DTTI) talks […]
Indian Air Force fighter bases are facing serious issues related to shortage of hangars and blast pens for the soon-to-arrive Rafale and Sukhoi fighter jets. Fund crunch in the Defence Ministry has almost brought work on new blast pens and hangars to a stop. The hangars being constructed to house the Rafale, besides the maintenance […]
Highlights The port will give India better access to the South East Asian markets It will also give India a strategic hedge at a time China is increasing its presence in the Strait of Malacca The port will be key to India’s Indo-Pacific strategy India is developing its maiden deep-sea port in Indonesia’s Sabang, not […]
At the heart of the controversy over offsets in the Rafale deal, the Dassault-Reliance facility in Nagpur has kick started production, with the delivery of major components for the Falcon 2000 LX executive jets that are currently being assembled in France. Top executives who have been working at the plant that will meet some of the offset obligations […]
The new manufacturing facility, its first in India for LEAP turbofan engines, will involve an investment of around €40 million (approximately ₹323.3 crore) with a capacity of around 20,000 units a year, said its global chief executive Mr Philippe Petitcolin French defence and aerospace giant Safran has decided to set up a facility to manufacture […]