NEW DELHI: Indian state-owned Hindustan Aeronautics Limited (HAL) CMD R Madhavan has said that country’s indigenous fighter machine Tejas cost will be Rs 309 crore and Rs 280 crore for the trainer version of the fighter craft. Day before yesterday at Inaugural Ceremony of Aero India 2021, in the presence of Raksha Mantri (Defence Minister) […]
NEW DELHI: Welspun One Logistics Parks (WOLP), India’s answer to the future of warehouses, has awarded Spicetree Design Agency (SDA) with its complete design mandate. Sailing through the multi-agency pitch process, SDA, the Mumbai-based popular marketing agency bagged this coveted account and will handle all its design requirements across all platforms and mediums. Following the […]
NEW DELHI: Country’s largest lender State Bank of India (SBI) on Thursday posted nearly 7 per cent fall in its standalone net profit at Rs 5,196.22 crore for the third quarter ended December. The bank had posted net profit of Rs 5,583.36 crore in the October-December period of the previous fiscal. Total income (standalone) also […]
NEW DELHI: State-owned Cola India Limited (CIL) on Wednesday said it has entered into a pact worth Rs 2,900 crore with a Belarus-based mining equipment manufacturer for purchase of dumpers. The pact is for purchase of 96 dumpers of 240 tonne capacity each, Coal India Ltd (CIL) said in a statement. ‘CIL on Saturday last […]
NEW DELHI: CBI Additional Director Praveen Sinha, a 1988-batch Gujarat cadre IPS, has been appointed acting chief of the agency till a decision on a new director is taken to succeed Rishi Kumar Shukla who retired on Wednesday after a two-year fixed stint. The Appointments Committee of the Cabinet chaired by Prime Minister Narendra Modi […]
MUMBAI:Extending its Budget bull run for the third day, the Sensex rallied 458 points to end above the 50,000 mark for the first time ever on Wednesday, led by broad-based gains amid positive cues from global markets. After touching a record intra-day high of 50,526.39, the 30-share index ended at 50,255.75, up 458.03 points or […]
NEW DELHI: Today at Inaugural Ceremony of Aero India 2021, in the presence of Raksha Mantri (Defence Minister) Rajnath Singh, the Contract for 83 Light Combat Aircraft Tejas was handed over to Hindustan Aeronautics Limited (HAL). The Cabinet Committee on Security under the Chairmanship of Prime Minister Narendra Modi had approved procurement of 73 LCA […]
BENGALURU: India is vigilant in the face of attempts to change status quo at its border and prepared to defeat any misadventures to defend its territorial integrity, Defence Minister Rajnath Singh said on Wednesday, amid the continued military standoff with China. “We have long witnessed unfortunate attempts to employ force to change the status quo at […]
NEW DELHI: To provide its best contribution and impetus to the Atmanirbhar Bharat’ mission for the nation as envisaged under the leadership of Prime Minister Narendra Modi, OSK India Pvt. Ltd. (OIPL), a Crown Group Company,today signed an MoU with United Shipbuilding Corporation of Russia, to provide augmented indigenous product and services support to the […]
NEW DELHI: With the theme of showcasing “Digitalization to realize a thriving Aerospace, Defense and Space ecosystem,” Dassault Systèmes at the 13th edition of Aero India 2021 showcases technology solutions to Improve Supply Chain Collaboration, to Design for Flexible Manufacturing, to Manage Complex Systems and Accelerate Program Integration and to Deliver High Performance Operations. Experts […]
NEW DELHI: Aviatech Enterprises Pvt. Ltd. (AEPL), a Crown Group Company, specialising in defence aerospace MRO and Aviation Engineering services including engineering design, Manufacture, Product development and Production for Indigenisation and NABL accredited Calibration facility,today announced that it has entered into a ‘Framework Agreement’ with joint stock company RAC MiG. AEPL will be the in-country […]
BENGALURU: India’s Defence Minister Rajnath Singh inaugurated the second plant of HAL’s LCA Division here today. He lauded the efforts made by HAL to increase the production capacity of LCA which is going to be the backbone of IAF fighter fleet in years to come. “HAL’s new LCA facility is example of how ‘Aatmanirbhar Bharat’ […]
NEW DELHI: Aero India 2021 three-day mega event to showcase the prowess of Aviation Industry will begin from tomorrow at Bengaluru. The Curtain Raiser Press Conference chaired by India’s Defence Minister (Raksha Mantri) Rajnath Singh for Asia’s premier air show was held on 2nd February. Aero India-2021 will be inaugurated by Rajnath Singh and will […]
NEW DELHI: Disinvestment of Air India and Pawan Hans would be completed in 2021-22, Finance Minister Nirmala Sitharaman said on Monday while presenting the Union Budget in which Rs 3,224 crore has been allocated to the Civil Aviation Ministry for the next fiscal year. Air India is currently undergoing disinvestment process. Multiple entities submitted their […]
NEW DELHI: The Union Minister for Finance & Corporate Affairs, Nirmala Sitharaman presented the Union Budget 2021-22 in Parliament today, which is the first budget of this new decade and also a digital one in the backdrop of unprecedented COVID-19 crisis. Laying a vision for AatmaNirbhar Bharat, she said this is an expression of 130 […]
NEW DELHI: The Union Minister for Finance & Corporate Affairs, Nirmala Sitharaman presented the Union Budget 2021-22 in Parliament today, which is the first budget of this new decade and also a digital one in the backdrop of unprecedented COVID-19 crisis. Laying a vision for AatmaNirbhar Bharat, she said this is an expression of 130 […]
