Page 11 - Defence Sector

Union Budget 2024-25: No major shift in defence sector's allocation

Current defence allocation's impact on overall spending still unclear

Budget 2024: Rajnath Singh thanks FM for highest allocation to defence

This Budget is unique in many ways and by clearly outlining the NDA Government's 9 key priorities for all-round and inclusive development, defence minister Singh added

Delhi-based Velmenni wins grant to develop submarine communication

The grant was awarded last year, but since the disbursement is milestone-based it is still being paid out

This smallcap defence electronics stocks has zoomed 111% from June low

Shares of Avantel hit a new high of Rs 223.80, up 9% in intra-day trade on Tuesday; the stock has surged 21% in past three trading days.

Bharat Electronics receives orders worth Rs 3,172 crore from AVNL

Navratna Defence Public Sector Undertaking, Bharat Electronics Limited (BEL) has signed a contract valued at Rs 3,172 crore with Armoured Vehicles Nigam Limited (AVNL) on Friday at AVNL Headquarters in Chennai. According to an official statement, BEL, which is headquartered in Bengaluru, stated the project entails the supply and installation of an advanced, indigenously designed and developed Sighting and Fire Control System (FCS) for the upgrade of BMP 2/2K tanks of the Indian Army, along with a comprehensive engineering support package. "Additionally, BEL has secured other orders valued at Rs 481 crore following the last disclosure on May 22, 2024 which comprises doppler weather radar, classroom jammers, spares and services etc. With these, BEL has received accumulated orders totaling Rs 4,803 crore in the current financial year," it stated.

Rajnath Singh takes charge as defence minister; MoD's 100-day plan on track

Welfare of serving and retired soldiers and increased self-reliance in producing weapons and defence systems to be major focus areas of the Ministry of Defence's 100-day action plan

PM Modi takes charge for third time: Details of govt's first 100-day agenda

PM Modi was sworn into office on Sunday evening. While the new coalition govt is expected to recalibrate Modi's existing plan for his third term, here's the roadmap for its first 100-day agenda

Adani Defence & Aerospace, UAE's EDGE sign defence cooperation agreement

The agreement aims to combine the two companies' product portfolios to meet the needs of both global and local customers

New govt formation: PM Modi takes first decision after returning to office

Over the next three months, the union ministers are expected to execute the Modi government's key agenda of the first 100-day roadmap

This state-owned defence stock has dropped 20% in two days; check details

Bharat Dynamics shares also suffered a 10 per cent drop on Tuesday, June 4

Philippines to pursue 'robust collaboration' with India on defence front

Philippine President Ferdinand Marcos Jr has said that his government will pursue "more robust collaboration" with "friends" such as India as collaborative endeavours to build pillars that support the architecture of regional stability. Under our Comprehensive Archipelagic Defence Concept, we shall develop our capacity to project our forces into areas where we must by constitutional duty and by legal right protect our interest and preserve our patrimony...And as we build our defence capabilities, so shall we continue to invest in diplomacy, Marcos said at the annual Shangri-La Dialogue on Friday night. He said the Philippines would "also pursue more robust collaboration with friends such as South Korea, India, amongst others, collaborative endeavours among a few states that share specific interests built into pillars that support the architecture of regional stability. As we work to uphold the rule of law in international affairs, so shall we build our capabilities to protect our ..

RudraM-II air-to-surface missile successfully test-fired from Su-30 MK-I

India on Wednesday successfully test-fired a Rudra air-to-surface missile from a Su-30 fighter jet of the Indian Air Force (IAF) off the coast of Odisha. The defence ministry said the flight-testing of the RudraM-II missile met all the trial objectives. RudraM-II is an indigenously-developed solid-propelled air-launched missile system meant for air-to-surface role to neutralise several types of enemy assets. A number of state-of-the-art indigenous technologies developed by various DRDO (Defence Research and Development Organisation) laboratories have been incorporated in the missile system. "The DRDO successfully flight-tested the RudraM-II air-to-surface missile from Su-30 MK-I platform of the Indian Air Force off the coast of Odisha at around 1130 hours on May 29," the ministry said. "The flight-test met all the trial objectives, validating the propulsion system and control and guidance algorithm," it said. The ministry said the performance of the missile has been validated fro

Major 'make in India' defence deals including K-9 Vajra on Centre's agenda

The deals were planned to be taken up for approval in March this year but all projects were postponed for decision after elections

Why is Nomura betting big on RIL, BEL, Exide, Sona BLW and Uno Minda?

As corporate capex picks up, it expects the Indian corporate sector to sustain 12 - 17 per cent earnings growth in the medium-term

India would have progressed much faster with safer borders: Ajit Doval

India would have progressed at a much faster pace if its borders had been more secure, defined and not in "adversarial dispossession", National Security Advisor Ajit Doval said, underlining that the country's power has grown immensely in the last 10 years. Delivering the Rustamji Memorial Lecture organised by the Border Security Force (BSF) on its 21st investiture ceremony, Doval said India's economic progress would have been much faster if "we had more secure borders". "In the foreseeable future, I don't think our borders are going to be as secure as we will require for our fast economic growth. So, the responsibility on border guarding forces has become very, very heavy. They have got to remain on alert 24X7 in perpetuity. They have got to see that our national interests and country are protected," he said. Borders are important because that is the limit which "defines our sovereignty", he said. "Jameen par jo kabja hai wo apna hai, baki to sab adalat aur kachehri ka kaam hai, us

Houthi rebels using weapons that can reach Mediterranean Sea, says US

The official said Houthis have access to advanced weaponry and that their deployment of anti-ship ballistic missiles is virtually unprecedented

New Zealand proposes 6.6% cut in its defence spending amid personnel woes

The cuts put New Zealand at odds with many of its traditional partners, such as Australia and Japan, which are ramping up spending in response to China's growing military presence in the region

Agniveers not just soldiers but leaders, innovators, defenders: CDS Chauhan

Chief of Defence Staff General Anil Chauhan on Monday visited the Maratha Light Infantry Regimental Centre in Belagavi to address the Agniveers, as they embark on their military journey, an official said. In his address, he underscored the noble purpose of military service and its pivotal role within the military framework. He said the Agniveers are not only soldiers but also leaders, innovators and defenders of the nation's sovereignty. In a statement, the Defence PRO said, "Addressing the evolving nature of warfare, he underscored the complexity and unpredictability of future conflicts to include cyber warfare, Artificial Intelligence and asymmetric threats which are now an integral part of the battlefield." He also spoke about technology integration and continuous learning and mentioned that in addition to staying abreast with the latest advancements, there is also a need to showcase innovative approach towards combat. He expressed his gratitude for the commitment made by Agnive

Defence ministry notifies Act for uniform tri-service military discipline

The Act will empower commanders-in-chief and officers-in-command of ISOs with disciplinary and administrative powers that will govern the personnel serving in or attached to such organisations

India's defence sector a $138bn opportunity; HAL, BEL top buys: Nomura

The research and broking house sees an upside potential of 28 per cent and 32 per cent, respectively in these two stocks from the current levels