Defence Sector

Pakistan formally appoints Asim Munir as first Chief of Defence Forces

President Asif Ali Zardari on Thursday approved the appointment of the army chief, Field Marshal Asim Munir, as Pakistan's first Chief of Defence Forces for a period of five years. President Zardari approved the summary submitted by Prime Minister Shehbaz Sharif formally asking him to appoint Chief of the Army Staff (COAS) Munir as the first CDF of Pakistan. Last month, the parliament passed the 27th Constitutional Amendment providing to create the post of CDF with the objective to create unity of command and expedite the decision making in any critical situation. The CDF replaced the Chairman, Joint Chiefs of Staff Committee (CJCSC), the post for which was abolished. The President extended his best wishes to Munir, a release from President's office said here. Zardari also approved a two-year extension in the service of Air Chief Marshal Zaheer Ahmad Babar Sidhu, Chief of Air Staff, to take effect from the completion of his present tenure on March 19, 2026. According to a stateme

Nifty India Defence index down 2%; what's dragging defence stocks today?

Market experts attributed the weakness to a combination of valuation concerns, liquidity pressures and profit booking.

DRDO to streamline start-up engagement for stronger defence R&D: MoD

DRDO test facilities opened to industry and related standard operating procedures formulated

SDAL, CSIR-NAL partner for development of 150 kg class loitering munition

MIs Solar Defence & Aerospace Ltd entered into a collaborative agreement for design and development of LM-UAV with CSIR-National Aeronautical Laboratories (NAL)for indigenous design, development and production of Loitering Munition (LM) UAV of 150 Kg Class. SDAL was chosen as an industry partner through a competitive bidding. The exchange of agreement between the two parties took place at a function organised at CSIR-NAL.On the occasion of the signing of Collaborative Agreement between CSIRNALand SDAL, Dr. Jitendra Singh, appreciated the new initiative and unique approach adopted by CSIR of involving an industry partner in a project of strategic importance from the very beginning including design & development.Mis Solar Defenceand Aerospace Ltd. (SDAL) asserted that as an industry partner, SDAL will play a pivotal role in the realisation of the LM-UAV and work tirelessly towards productionisation of the system at the earliest.SDALis working tirelessly towards making Indian ..

Will seek 2x normal growth in FY27 military modernisation budget: Def Secy

India may seek a 20% rise in defence modernisation spending next year as the MoD pushes for faster upgrades, stronger exports, and stricter accountability across domestic and foreign defence suppliers

Civil-military fusion, reorganisation of some DPSUs needed: Defence Secy

Defence Secretary urges credible private firms and DPSUs to join hands to compete for projects and developing platforms

Statsguru: R&D remains the chink in the armour for India's companies

Rajnath Singh's ₹32,000-crore R&D push boosts defence PSUs, even as overall R&D spend among Nifty 100 firms stays low relative to revenue

HAL's growth runway stays clear; brokerages keep 'Buy' ratings intact

On the bourses, HAL share price was trading 0.27 per cent lower at ₹4,734 per share at 10 AM. By comparison, the BSE Sensex was trading flat at 84,463.92 levels.

Army's Op 'Akhand Prahar' showcases strength of integrated combat power

The exercise validated the full-spectrum combat readiness of Konark Corps through integrated employment of all arms and services

India's defence startups attract government contracts, investor funding

A clutch of domestic private firms are challenging state-run suppliers with advanced tech-driven hardware for India's defence services, signalling growing confidence in homegrown military technology

India to post multi-fold rise in neodymium production by FY27 end: IREL

IREL, which comes under the Department of Atomic Energy (DAE), currently handles mining and initial processing of these rare earth elements (REEs)

PM Modi, Bhutan King hold talks on energy, defence, connectivity projects

Prime Minister Narendra Modi and Bhutanese King Jigme Khesar Namgyel Wangchuck on Tuesday held wide-ranging talks during which they discussed cooperation in sectors such as energy, capacity building, connectivity, technology, defence and security. After the delegation-level talks, the two leaders jointly inaugurated the 1020 Punatsangchhu-II hydroelectric project, developed jointly by India and Bhutan. "Had a very good meeting with His Majesty Jigme Khesar Namgyel Wangchuck, the King of Bhutan. We covered the full range of India-Bhutan relations," Modi said in a post on social media. "We discussed cooperation in sectors like energy, capacity building, connectivity, technology, defence and security. India is proud to be a key partner in Bhutan's development journey," he added. Prime Minister Modi arrived in Bhutan on Tuesday for a two-day visit. The ties between India and Bhutan have been on an upswing. In September, India unveiled its plan to build two cross-border train links wi

We look forward to deepening collaborations: Lockheed Martin's India chief

Representatives of more than 30 Indian companies interacted directly with global defence major Lockheed Martin and international partners in Bengaluru to explore opportunities for collaboration and showcase their technological capabilities to support future procurement programmes for the Indian armed forces, according to an official readout. Post the conference, Lockheed Martin Supply Chain teams are visiting close to 20 supplier facilities across India to assess their capabilities and establish alliances, it said. Lockheed Martin successfully concluded the 11th edition of its India Suppliers Conference on November 3, reinforcing its long-standing commitment to strengthening India's defence industrial base and connecting Indian companies with its global supply chains, the firm said on Monday. "Building on more than three decades of partnership and seven decades of association with India, the conference was a testament to Lockheed Martin's commitment to nurturing collaborations that

All 16 DPSUs are pillars of India's self-reliance in defence: Rajnath Singh

India achieved defence production worth Rs 1.51 lakh crore in 2024-25 and the defence public sector undertakings (DPSUs) contributed 71.6 per cent of total amount, Defence Minister Rajnath Singh said on Monday. Singh made the remarks while carrying out a comprehensive review of the performance of 16 DPSUs at a high-level meeting here. "All our 16 DPSUs are serving as strong pillars of the country's self-reliance. Their excellent performance in operations like Operation Sindoor testifies to the reliability and capability of our indigenous platforms," he said. Singh also inaugurated the new DPSU Bhawan at the World Trade Centre in South Delhi's Naoroji Nagar. The defence minister commended the DPSUs for their steadfast contribution in strengthening India's defence manufacturing ecosystem and advancing the vision of a self-reliant India. In the year 2024-25, India achieved defence production worth Rs 1.51 lakh crore, with DPSUs contributing 71.6 per cent of the total, he said. The .

DPSUs plan to double R&D pace in 5 years with ₹32,766 crore plan

Move follows Defence Minister Rajnath Singh's call for greater investment and manpower in R&D to develop new technologies and boost indigenisation and exports

PTC Ind, RIL among 5 Indian stocks in Goldman Sachs' APAC conviction list

Among sectors, their biggest 'conviction' as regards India is on the defence sector, where Goldman Sachs believes PTC Industries is scores over its peers

India and US sign 10-year defence agreement amid tariff turmoil

Defence Minister Rajnath Singh signed the framework for bilateral defence cooperation over the next decade with US Secretary of War Pete Hegseth

Indigenous defence platforms' success enhanced India's reputation: Rajnath

He said that India's objective should not merely be to assemble in the country, but, in the true sense, to undertake technology-based manufacturing there

Rajnath Singh unveils new defence revenue procurement manual 2025

Defence Minister Rajnath Singh on Thursday unveiled a new manual to simplify and rationalise the revenue procurement process for the armed forces. The Defence Procurement Manual (DPM) 2025 will come into effect from November 1. The revenue procurement by the defence services and other organisations under the defence ministry is regulated by the DPM. It was last promulgated in 2009. "Effective from November 1, the new procurement manual will facilitate the revenue procurement amounting to approximately Rs 1 lakh crore by the three services and other establishments under Ministry of Defence (MoD)," an official statement said. The defence minister expressed confidence that the new manual will simplify the procedures, bring uniformity in functioning and will be helpful in providing goods and services required by the armed forces for operational preparedness. It will also provide more opportunities to MSMEs and start-ups in the field of defence manufacturing and technology, ensuring ..

Rajnath to inaugurate HAL's third Tejas line; annual output to rise to 24

The first Tejas Mk1A produced at the third line is fully assembled and has completed all pre-flight tests, HAL officials said