The Defence Public Sector Undertaking (DPSU) Hindustan Aeronautics Ltd (HAL) has reported that it has witnessed decline in profit in 10 quarters. The reason attributed to is because of higher input costs and tax expenses. The Indian state-owned aerospace and defence company’s consolidated net profit stood at Rs 2,831 Crores ($342.20 Million) in the fourth quarter…
BrahMos Aerospace is set to begin the deleveries of the BrahMos cruise missiles to the Philippines by the end of 2023. Earlier, in January this year, the Philippines closed a $374 million deal to acquire the shore based anti-ship variant of the BrahMos supersonic cruise missile. Besides, the country is also reportedly considering a follow-on…
US technology major Cisco have announced that it will start manufacturing in India as part of the expansion of its footprint in the country, and aims to drive over $1 billion in combine domestic production and exports. The manufacturing plant will reportedly be set up in Tamil Nadu and will focus on building Cisco’s best-in-class…
The Indian Institute of Technology Madras (IIT-Madras) Researchers partnered with Defence Research and Development Organisation (DRDO) Scientists to develop cutting-edge sensor technology – ‘Piezoelectric MEMS technology’ – for underwater communications, which will be advantageous to defence applications, especially in the Navy. The indigenous development of this technology enables the nation to fabricate the devices at…
Prime Minister Shri Narendra Modi inaugurated the programme marking National Technology Day 2023 at Pragati Maidan in New Delhi on May 11, 2023. He underlined that today marks the day when India’s scientists achieved the stupendous feat in Pokhran which made the entire nation proud. The programme also marked the commencement of the celebration of…
The Indian Government is most likely to soon invite financial bids for strategic sale of Defence Public Sector Unit (DPSU) BEML after its non-core business got listed on the bourses last month. Earlier, in January 2021, the Government invited preliminary bids for selling 26 percent stake in BEML along with the management control. It received…
The Indian Prime Minister (PM) Narendra Modi will be on an official visit to the United States (US) next month where he will be hosted by President Joe Biden and the first lady Jill Biden. This announcement has been officially confirmed by the White House and Indian Ministry of External Affairs stating that the visit…
A Centre for Space Science and Technology was inaugurated at IIT Roorkee on May 8, 2023. Shri Somanath S, Secretary, Department of Space & Chairman, ISRO inaugurated it along with the office premises for ISRO-IITR Space Technology Cell. He invoked the research scholars and faculty members to work on various opportunities available in the space…
In a significant move to promote reforms and bring ease of doing business, Department of Defence Production (DDP) has waived off Quality Assurance (QA) charges levied by the QA Agencies under its administrative control for the stores meant for the exports. This industry friendly initiative would make the defence products cost competitive in global market….
The 35th edition of India-Thailand Coordinated Patrol (Indo-Thai CORPAT) between the Indian Navy and the Royal Thai Navy was conducted from 03 – 10 May 2023. Indian Naval Ship (INS) Kesari, an indigenously built LST (L) and His Thai Majesty’s Ship (HTMS) Saiburi, a Chao Phraya Class Frigate, along with Maritime Patrol Aircraft from both…
