Page 20 - Defence Sector

Stock of this defence company has zoomed 110% in 6 weeks on strong outlook

Thus far in the calendar year 2023, the stock price of Zen Technologies has skyrocketed 372 per cent, as compared to 7 per cent rise in the S&P BSE Sensex.

Garden Reach Shipbuilders & Engineers soars 13% on strong Q1 results

Analysts at ICICI Securities expect execution to remain healthy over the next two years, led by execution of orders in hand

India, Italy to soon sign MoU in defence sector, says Ambassador Luca

Italy's Ambassador to India Vincenzo De Luca on Thursday said the two countries will soon sign a bilateral pact in the defence sector to ramp up their military ties and maintained Rome was working hard to contribute to the Make in India programme. In a move to enhance navy-to-navy cooperation between the two countries, Italian Navy's warship ITS Morosini is on a port visit to Mumbai from August 10-13. Italian Navy officials will also meet the top brass of the Mumbai-headquartered Western Naval Command during this period. We are working very hard to contribute to the programme of self-reliance, Make in India, Luca said at a press conference here. He stated that there are some specific technologies where Italy can add value to the Make in India programme, namely torpedo, helicopter, radar, electronic warfare and shipyard. Make in India is the Centre's flagship programme that aspires to facilitate investment, foster innovation, enhance skill development and build best-in-class ...

Monsoon Session: Parliament clears inter-services organisations bill

The Parliament on Tuesday passed a bill which seeks to provide the commander-in-chief and officer-in-command of inter-services organisations disciplinary and administrative powers over personnel from other forces serving in such establishments. The bill was cleared in Rajya Sabha with a voice vote. Lok Sabha had had given its nod to the legislation on August 4. Defence Minister Rajnath Singh said India is fully prepared to face any type of warfare and the country's defence spending can be increased to 5-6 per cent of GDP if needed. In his reply to discussion on The Interservices Organisations (Command, Control and Discipline) Bill, 2023, Singh said also said filling vacancies in the armed forces is a continuous process. The country's maritime interest is fully protected and there is no reason for the house to worry about it, he said, adding "Also, we are fully prepared for any type of warfare." This preparedness will continue going forward, Singh asserted. On low defence spendin

BEL hits record high on strong Q1 results; stock up 32% so far in 2023

The state-owned company saw 12.5 per cent YoY revenue growth to Rs 3,446 crore in Q1FY24, whereas total expenses climbed 9.4 per cent YoY to Rs 2,948 crore

US working with India on co-producing extended-range artillery: Pentagon

The US is working with India on proposals to co-produce extended-range artillery and infantry vehicles to meet its operational requirements along its border with China and address its "coercion and harassment", a top Pentagon official said on Thursday. The Indian and Chinese troops are locked in an over-three-year confrontation in certain friction points in eastern Ladakh. This is part of the unprecedented steps being undertaken by the Biden administration to enable its allies and partners to contribute to deterrence in the Indo-Pacific region, said Ely Ratner, Assistant Secretary of Defence for Indo-Pacific Security Affairs, in prepared opening remarks for his Congressional hearing on China. The hearing is taking place at a time when relations between the US and China have been hit badly amid disputes over human rights, access to technology, China's territorial claims in the South China and East China seas and threats against self-governing Taiwan. Pentagon, he said, is supporting

Lockheed Martin raises full-year forecast on strong weapons demand

The advanced jet is Lockheed's largest program, after having generated 27% of total consolidated net sales and 66% of aeronautics' net sales in 2022

Defence order wins, market share gains positive for Ashok Leyland

Muted sequential Q1 performance may cap near-term upsides

Rajnath Singh discusses deepening of bilateral ties with Malaysian PM

Defence Minister Rajnath Singh called on Prime Minister of Malaysia Anwar Ibrahim and held talks with his Malaysian counterpart Mohamad Hasan here on Monday and discussed ways to further deepen bilateral defence ties. Singh arrived in Kuala Lumpur on Sunday on a three-day visit aimed at further boosting bilateral defence and strategic ties. "Called on the Prime Minister of Malaysia, Mr @anwaribrahim in Kuala Lumpur. Deeply appreciate his positive approach and interest towards further deepening India-Malaysia bilateral relations," he tweeted. "Had an excellent meeting with the Defence Minister of Malaysia, Mr. Mohamad Hasan in Kuala Lumpur today. We reviewed the diverse pillars of the extensive bilateral defence engagement and discussed the roadmap for the 4th Decade of India-Malaysia Defence Cooperation," he said. The defence ministry in New Delhi said on Saturday that Singh and Hasan will review defence cooperation between the two countries and explore new initiatives to further .

Taking measures to remove obstacles: Def Secy on manufacturing industry

The government is committed to ensure quality assurance in military aviation and is taking appropriate measures to remove obstacles in indigenisation of defence manufacturing industry, Defence Secretary Giridhar Aramane said on Monday. He was delivering a keynote address at a workshop on 'QA Reforms in Military Aviation for Promoting Indigenous R&D and Manufacturing', held here. The defence secretary was the chief guest at the function organised by Directorate General of Aeronautical Quality Assurance (DGAQA), MoD and Society of Indian Defence Manufacturers (SIDM), the defence ministry said in a statement. He said the country is progressing in line with the Prime Minister's vision of 'Aatmnirbharata' in defence. It is a challenge, but systems are being put in place and measures are being taken to achieve it, he said, and urged the private sector to invest more in aeronautical quality assurance research and testing. The government is committed to ensure quality assurance in ...

Befitting reply will be given to those who cast evil eye on India: Rajnath

Defence minister Rajnath Singh on Saturday warned India's "neighbour" that if anyone tried to harm the country, a befitting reply will be given. He was speaking at a rally in Chhattisgarh's tribal-dominated Kanker district. India has emerged as a powerful country under Prime Minister Narendra Modi's leadership and it is not weak anymore, he said. "I want to tell our neighbour, if anyone tries to cast evil eye on us, a befitting reply will be given," the minister added. He also said that the influence of the Left Wing Extremism has declined and it is restricted to just 10-12 districts due to the effective action taken by the Modi government in the last nine years. The Naxal menace would have been wiped out from Chhattisgarh had the Congress government in the state cooperated fully, he claimed. Notably, elections are due in Chhattisgarh by year-end. The defence minister also alleged that forced religious conversions were on rise in the state, particularly in Bastar, and said the .

We want 'robust' defence partnership with India: Filipino foreign secretary

The Philippines wants to develop a "very robust" defence partnership with India and is looking forward to procuring military hardware from it, Filipino Foreign Secretary Enrique A Manalo said on Wednesday amid concerns in Manila over China's increasing military muscle-flexing in the South China Sea. Delivering a lecture at a leading think tank here a day ahead of his talks with External Affairs Minister S Jaishankar, Manalo said his country has "repeatedly" challenged Chinese presence in the exclusive economic zones (EEZs) of the Philippines in the South China sea and will continue to do so. The Filipino foreign secretary, on a four-day visit to India, said the 10 ASEAN (Association of Southeast Asian Nations) countries and China have been engaged to formulate a code of conduct (CoC) for the South China Sea, but he appeared unsure about a positive outcome. The code is envisioned to prevent any military conflict in the South China Sea, a region that has overlapping territorial claims

Prez confers Distinguished Service Awards on 84 serving, retired personnel

President Droupadi Murmu on Tuesday conferred Distinguished Service Awards, including 52 Ati Vishisht Seva Medals, on 84 serving and retired personnel of the armed forces and the Indian Coast Guard. The awards were presented during a defence investiture ceremony held at the Rashtrapati Bhavan. Lt Gen ADS Aujla, former commander of the Srinagar-based Chinar Corps responsible for guarding the Line of Control (LoC) in the Kashmir Valley, was awarded the Uttam Yudh Seva Medal (UYSM), according to the official list of awardees. "President Droupadi Murmu, who is the Supreme Commander of the Armed Forces, conferred Distinguished Service Awards to 84 serving and retired personnel of the armed forces and the Indian Coast Guard during the Defence Investiture Ceremony (Phase-II) in New Delhi," the defence ministry said in a statement. The President awarded 52 Ati Vishisht Seva Medals (AVSMs), one Bar to AVSM, three UYSMs and 28 Param Vishisht Seva Medals (PVSMs) to the personnel for ...

Stock of this aerospace & defence company has zoomed 63% so far in June

Shares of Apollo Micro Systems hit a new high of Rs 55.25, zooming 355 per cent in past one year, as against 19 per cent rise in the S&P BSE Sensex.

From Russia, with doubt

Instability in Moscow raises issues for India

GE engine deal for manufacturing engines in India is milestone: PM Modi

PM Modi said, "Be it technology transfer and manufacturing cooperation or increasing coordination in the industrial supply chain, both nations are taking strong steps towards a better future"

PM Modi's visit: From seas to stars, technology seals India-US ties

'Technology' mentioned 44 times in the joint statement, up from five in 2020

Defence deals boost India-US ties, marks new era in relations, say experts

Defence deals signed between India and US during Prime Minister Narendra Modi's US visit not only enhance India's defence capabilities, but also show growing proximity between the two countries, experts said on Friday. India and US inked a $3 billion deal for 31 High Altitude Long Endurance (HALE) UAVs, of which the Navy will get 15 SeaGuardian drones. while the Army and the Indian Air Force (IAF) will get eight each of the land version - SkyGuardian. Another major announcement that came was an MoU signed between GE and Hindustan Aeronautics Limited (HAL) to jointly produce fighter jet engines for the Indian Air Force. Former Deputy National Security Advisor Pankaj Saran called it a "new era" in India-US relationships. "This marks a new era in relationships. The key takeaway is the focus on two sectors - defence and technology. The third element is the boldness of ambition shown by both sides," Saran told PTI. "In the past also we have had summits, but in this particular summit th

Why General Electric's plan to make jet engines in India is big deal

The announcement was timed to coincide with Indian Prime Minister Narendra Modi's landmark visit to the United States this week

INDUS-X launch: India, US startups to focus on co-developing technology

The government has called for co-development and co-production of advanced technologies by Indian and American startups as the India-United States Defence Acceleration Ecosystem (INDUS-X) was launched at an event in Washington, the defence ministry said on Thursday. At the launch of INDUS-X, Joint Secretary (Defence Industries Promotion) Anurag Bajpai asked the participants to develop mechanisms for future collaborations across industries, academia and investors. He also gave an overview of the "Make in India" initiative, focussing on "Aatmanirbhar Bharat" (self-reliant India) and the philosophy of "Make in India, for the world", the ministry said in a statement. Bajpai led the Indian delegation at the two-day INDUS-X event that was co-organised by Innovations for Defence Excellence (iDEX), the Ministry of Defence and the US Department of Defence (DoD), and hosted by the US-India Business Council (USIBC) on June 20-21. A reception for Indian and US government representatives, defenc