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DEFENCE PUBLIC SECTOR UNDERTAKING
Bharat Electronics Limited, Esri India sign MoU to develop GIS, GeoAI solutions for India's defence sectorBharat Electronics Limited and Esri India have signed a Memorandum of Understanding. This collaboration focuses on defence projects involvi...- Military-civil integration key to robust defence ecosystem to tackle emerging challenges: Rajnath SinghDefence Minister Rajnath Singh emphasized integrating military and civil ministry components. He highlighted the need for synergy to addres...
- GRSE bags Rs 1,032 crore contract from ONGC to build four offshore support vesselsGarden Reach Shipbuilders secured a significant Rs 1,032 crore contract from ONGC. This agreement involves the construction of four advance...
- Defence stocks rally on strong order books and rising exports: Are they still worth buying?Order books, exports and government spending driving the sector, but valuations are no longer cheap. Nuvama argues that the industry is now...
- Deposit rates rise as banks fight for fundsBanks increased fresh term deposit rates in June, led by private lenders. The average domestic term deposit rate rose to 5.99% for schedule...
- US Treasury undertakes intervention in yen market, FT reportsThe United States Treasury intervened in yen exchange rates on Friday. This action supported the Japanese currency through outright purchas...
- Eric Trump-backed defence technology company Space-Eyes to go public in $638 million SPAC dealSpace-Eyes, a leader in defense technology, has announced its merger with McKinley Acquisition Corp. In a move to enhance strategic oversig...
- Poor application of norms cause of accidents at explosives and ammunition making units: SecretarySafety lapses in India's explosives sector stem from poor enforcement of existing standards. Accidents must be eliminated, not just reduced...
- Sarvam AI plans trillion-parameter model, sets sights on competing with ChatGPT, Gemini and ClaudeSarvam AI plans a trillion-parameter model to rival global AI leaders. The company's existing voice AI is cost-effective and performs well....
- Mahindra incorporates step-down subsidiary Novavayu Aerospace for aircraft manufacturingMahindra Group has established Novavayu Aerospace Ltd as a new subsidiary. This entity will focus on manufacturing aircraft and aerospace p...
- "Resolve is to make India developed by 2047, build world's most powerful Air Force through self-reliance": MoS Defence Sanjay SethSeth said India has always believed in peace and the principle of Vasudhaiva Kutumbakam, but remains prepared to give a strong response to ...
- SAIL exceeds Q1 capex target from Rs 2,306 cr to Rs 2,575 crSteel Authority of India exceeded its capital expenditure target for the first quarter. The company chairman highlighted contained borrowin...
- Japan renews ₹14 crore scholarship programme for Indian government officials for third consecutive yearThe Japan International Cooperation Agency will finance nine Indian officials to pursue master's degrees in public policy and engineering a...
- Sopra Steria raises growth target on strong European AI, cybersecurity demandThe French IT firm Sopra Steria has announced a rise in its full-year revenue growth projections, underscoring strong financial backing for...
- Inox Wind bags Rs 1,600 crore NLC India order for 200-MW projectInox Wind has secured a significant 200 MW order from NLC India Limited. This substantial project is valued at approximately Rs 1,600 crore...
- Govt extends NTPC chief Gurdeep Singh's tenure by six monthsGurdeep Singh's term as NTPC chairman and managing director has been extended. The government approved a six-month extension for the top po...
- Govt companies request RBI to extend concessional forex swap by three monthsPublic sector firms want the RBI's forex swap facility extended by three months. This facility helps government companies hedge dollar cost...
- "Will see deeper engagement": India, Romania to deepen defence cooperation in drones, aerospaceIndia and Romania are set to deepen their partnership, with cooperation expected to expand in areas such as drone technology, aerospace, de...
- India, Israel conclude second round of trade pact negotiationsIndia and Israel have concluded the second round of FTA negotiations, covering key areas such as goods and services trade, customs, intelle...
- Parliamentary panel to review self-reliance, modernisation of Defence Public Sector Undertakings briefing todayThe Defence committee will meet to discuss defence public sector undertaking transformation. Earlier, the Finance committee reviewed digita...
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