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L&T Technology Services on Wednesday said it has signed an MoU with BITS Pilani and the Centre for Research and Excellence in National Security (CRENS), to drive R&D and skill development in areas critical to national security. Hosted at the Birla Institute of Technology and Science (BITS) Pilani's Hyderabad campus, CRENS will be the central hub for this collaboration, engaging with law enforcement, industry specialists, and academic researchers to drive technological innovation and comprehensive skill development. Participation from defence experts, including former leaders from the armed forces and the Defence Research and Development Organisation (DRDO), will also be seen, a company statement said. "This landmark collaboration aims to drive Research & Development (R&D), innovation, and skill development in areas critical to national security, including cybersecurity, perimeter security, digital forensics, and emerging technologies," it said. LTTS and BITS Pilani ...
City-based drone maker ideaForge is planning higher R&D spend this fiscal year, as it develops technology and product platforms in the unmanned aerial vehicle (UAV) space. With the government committed to fostering domestic drone research, development, and manufacturing, continuous innovation through product and market research is essential for sustained growth in the UAV sector, the company said. "The R&D (research and development) spend last year was 22 per cent of our revenues. This year, depending on the revenue, the base may shift, but it will be on the higher side as compared to FY24," Ankit Mehta, co-founder and chief executive officer at ideaForge Technologies Ltd said. The company's consolidated revenue from operations in fiscal year ended March 31, 2024 stood at Rs 314-crore, while the Profit After Tax was at Rs 45.27 crore. For the latest December quarter, it reported a consolidated loss of Rs 24.02 crore. It had posted a PAT of Rs 14.7 crore in Q3FY24, while the ...