Archive For The “Business” Category
As controversies over the Rafale refuse to die down, a delegation from the Indian Air Force is scheduled to head to France early next month to inspect two Dassault-made Mirage-2000 aircraft which will be France’s gift to India. while India has signed a deal with France for 36 Rafale jets which will be manufactured by […]
Odisha government rolled out Odisha Aerospace & Defence Manufacturing Policy, 2018 ahead of the second edition of ‘Make In Odisha Conclave’ held here from November 11 to November 15. 2018, The policy, which has been approved by the state cabinet, will be placed before investors at the conclave, an official said. The policy aims at […]
Eaton Industrial Products Pvt Ltd has decided to set up its first aerospace division at the Bangalore Aerospace Park with an investment of Rs 50.50 crore. The company, a part of the $20 billion US-based power management firm, has decided this close on the heels of Boeing’s decision to set up an electronics manufacturing and […]
India, seeking to expand its strategic presence in Central Asia, is hoping to expand its military base in Tajikistan — its only such facility abroad — where Indian Air Force and Border Roads Organisation personnel have been stationed since 2005. President Mr Ram Nath Kovind visited Ayni Air Base, about 15 km west of the […]
Air Chief Marshal B.S. Dhanoa has said that following the failure of the decade-long negotiations with Dassault Aviation for 126 fighter jets, the Indian Air Force (IAF) has become wiser, hence, this time around the proposed procurement of 110 fighter jets will be hassle-free and prompt. The IAF was earlier looking for a single-engine jet to replace the aging fleet of MiG-21s and MiG-27s, […]
Amid the political allegations levelled against the Modi government by the Congress party in the Rafale deal, one state-owned company is expected to gain big from one of the two major proposals which are part of the offset of the Rafale deal, Livefist has reported. The major proposals include moving the final assembly of major […]
In a major boost to the ‘Make in India’ initiative, American security and aerospace giant Lockheed Martin announced that the wings of its F-16 fighter jets will be produced in India. Maryland-based Lockheed Martin has entered into an agreement with Tata Advanced Systems Limited (TASL) for the project. Lockheed officials insisted that the planned F-16 […]
A bonanza awaits the private sector in space vehicle manufacturing. Indian Space Research Organisation (ISRO) chairman Dr K Sivan said the private industry will get over Rs 9,000 crore out of the Rs 10,400 crore announced by Prime Minister Mr Narendra Modi for the manufacture of 40 launch vehicles. At the launch of the sixth […]
Tourism industry in Mysuru and Kodagu is hoping for a surge in tourist footfall — all thanks to Kannur International Airport, a greenfield airport in Kerala, which will be inaugurated for flight operations shortly. Stakeholders here argue that the airport will open a new gateway for tourism development as Kodagu is closer to Kannur and eventually […]
The government will soon invite fresh bids for 100% stake sale in Pawan Hans by issuing an addendum to the disinvestment document as ONGC is ready to sell its entire stake in the company, an official said. Helicopter services provider Pawan Hans is a joint venture between the government, which holds 51% stake, and state-owned […]