Page 13 - Defence Sector

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

Contribute towards developing border areas: Defence secy to infra firms

Vibrant Villages Programme encourages border people to stay in border areas

Malaysia defends companies supplying weapons to Israel at defence show

Malaysia will not interfere in business relations between arms manufacturers and other countries, its defence minister said Tuesday, after protesters demanded that the government expel companies that supply weapons to Israel from an international exhibition. More than 1,300 companies from 60 nations are participating in Defence Services Asia and the concurrent National Security Asia exhibitions that started Monday. The events are hosted and co-organised by Malaysia's Defence Ministry and Home Affairs Ministry. The Solidarity for Palestinian coalition held a brief rally outside the exhibition centre on Tuesday to protest the presence of US weapons maker Lockheed Martin, European missile manufacturer MBDA and others that provide arms to Israel. The coalition accused the manufacturers of being complicit in Israel's offensive in Gaza. They said the companies' presence was inconsistent with the Malaysian government's support of Palestinian statehood and insensitive to the many Malaysians

China suspected of UK's defence ministry payroll breach: Reports

The UK Parliament is expected to be briefed by the defence minister later on Tuesday after reports of a massive data breach involving the Ministry of Defence (MoD) targeting service personnel from the Royal Navy, Army and Royal Air Force. According to the BBC, the government suspects China was behind the hack of the armed forces payroll system that is run by an external contractor and includes data of both current and some past armed forces members. However, Defence Secretary Grant Shapps is not expected to directly name China when he updates members of Parliament in the House of Commons as the investigation remains ongoing. The system used by the MoD includes names and bank details of armed forces personnel and in a very small number of cases, the data may include personal addresses. Government sources have stressed that no operational MoD data has been obtained in the hack, the motive behind which remains unclear. It is understood the MoD has taken immediate action and the system

Anti-drone tech firm Zen Technologies announces leap in financial results

Over the last three years, Zen Technologies has logged a spectacular rise in earnings

India, Indonesia vow to expand overall bilateral defence partnership

India and Indonesia on Friday vowed to expand overall bilateral defence ties, especially in areas maritime security and industrial engagement for production of military equipment. Various aspects of defence and strategic relations between the two countries figured at the seventh India-Indonesia Joint Defence Cooperation Committee (JDCC) meeting that took place in Delhi. The defence ministry said both sides expressed satisfaction at the expanding scope of defence cooperation. "The progress made on various bilateral defence cooperation initiatives deliberated in meetings of working groups on defence cooperation and defence industries cooperation was also reviewed by the co-chairs," it said. The meeting was co-chaired by defence secretary Giridhar Aramane and his Indonesian counterpart Air Marshal Donny Ermawan Taufanto. "The dignitaries identified means to enhance existing areas of collaboration especially in the field of defence industry ties, maritime security and multilateral ...

Swiss Military to invest Rs 56.5 crore on new manufacturing unit in Haryana

Global lifestyle brand Swiss Military on Friday said it will set up its first fully owned manufacturing unit in India in Haryana with an initial investment of Rs 56.5 crore. The company plans to set up its first fully owned manufacturing unit for luggage and travel gear in Faridabad, Haryana, Swiss Military Consumer Goods Ltd said in a statement. Spread over 1.21 acres and a built-up area of about 85,000 sq ft, the proposed plant will have a production capacity of 10 lakh pieces per year, it added. The targeted completion for the manufacturing unit will be within 8 months by Dec 31, 2024 at an initial investment of Rs 56.50 crore, the company said. "Our own manufacturing capabilities will help establish Swiss Military's commitment to modernisation within the travel gear sector in the Indian market and to shorten go-to-market timelines with new products," Swiss Military Consumer Goods Ltd Managing Director Anuj Sawhney said. He further said, "It will also significantly bolster our