Page 28 - Defence Sector
Lighter, deadlier Gen Next Akash Missile flight-tested off Odisha coast
The missile will be offered for export; possibility of sales to east Asian and African countries
 "Lighter, deadlier Gen Next Akash Missile flight-tested off Odisha coast")
DRDO successfully test-fires new-generation Akash surface-to-air missile
The DRDO successfully flight-tested the new-generation Akash surface-to-air missile system from an integrated test range off the Odisha coast on Wednesday.
IAF likely to operationalise second squadron of Rafale aircraft by July-end
IAF is likely to operationalise its second squadron of the Rafale combat aircraft by the end of July and it will be based in Hasimara air base in West Bengal, officials said on Tuesday.
 "IAF likely to operationalise second squadron of Rafale aircraft by July-end")
Cost vs combat edge: Future of IAF's Jaguar fleet is hanging in the balance
If plan does not work out, IAF's 110-odd Jaguar fighters will start retiring by 2024
 "Cost vs combat edge: Future of IAF's Jaguar fleet is hanging in the balance")
Rajnath invites Swedish defence firms to set up manufacturing hubs in India
The defence minister also mentioned allowing up to 74 per cent foreign direct investment (FDI) through automatic route
 "Rajnath invites Swedish defence firms to set up manufacturing hubs in India")
Defence stocks rally as MoD puts 108 items on import ban list; BEL up 6 %
The MoD, on Monday, announced a list of 108 items of defence equipment that must be compulsorily procured from indigenous sources according to provisions in the Defence Acquisition Procedure 2020
 "Defence stocks rally as MoD puts 108 items on import ban list; BEL up 6 %")
DRDO develops near-isothermal forging technology for aero-engines
This technological breakthrough was achieved by the DRDO's premier metallurgical laboratory, the Hyderabad-based Defence Metallurgical Research Laboratory
 "DRDO develops near-isothermal forging technology for aero-engines")
DRDO tackles Covid-19 pandemic, but keeps focus on battlefield products
DRDO's success over the last 15 months has been in its primary role of developing conventional defence equipment and technologies
 "DRDO tackles Covid-19 pandemic, but keeps focus on battlefield products")
IAF inducts specialist vehicles for airbase security against terror attacks
The six-tonne vehicle has been designed and developed in a way that its engine remains hidden from the front and rear side and cannot be targeted easily
 "IAF inducts specialist vehicles for airbase security against terror attacks")
Dassault Aviation rejects fresh allegations of wrongdoing in Rafale deal
Aerospace major Dassault Aviation on Thursday rejected fresh allegations of corruption in the Rafale fighter jet deal with India, saying no violations were reported in the frame of the contract.
 "Dassault Aviation rejects fresh allegations of wrongdoing in Rafale deal")
Tata Motors completes transfer of defence biz to TASL for Rs 227.7 cr
Tata Motors on Thursday said it has completed the transfer of its defence business with effect from April 1 to Tata Advanced Systems Ltd (TASL) for an upfront consideration of Rs 227.7 crore.
 "Tata Motors completes transfer of defence biz to TASL for Rs 227.7 cr")
US, Belgium, France and Japan hold Mideast naval exercise amid Iran tension
The US Navy said Sunday it will hold a major naval exercise alongside Belgium, France and Japan in the Mideast amid tensions over Iran's nuclear programme in the region
 "US, Belgium, France and Japan hold Mideast naval exercise amid Iran tension")
DRDO tests new Air Independent Propulsion system to be fitted in Scorpenes
The AIP system, once ready, will from 2024-25 onwards, be "retrofitted" into six Scorpene submarines that are being built in India under Project 75
 "DRDO tests new Air Independent Propulsion system to be fitted in Scorpenes")
Army got 7 complaints of human rights violations in 2020, none true: Naik
The Army received a total of seven complaints of human rights violations in 2020, but none of them were found to be true, Minister of State for Defence Shripad Naik said on Monday.
 "Army got 7 complaints of human rights violations in 2020, none true: Naik")
44 firms given FDI nod to jointly produce defence items with foreign cos
Minister of State for Defence Shripad Naik made the announcement on Monday
China targets 6% growth in 2021; to spend 3 times India's on defence
6.8% jump in budget for military to $209 mn is the biggest in 2 years
 "China targets 6% growth in 2021; to spend 3 times India's on defence")
India's border response helped in peaceful resolution of key issues:Rajnath
The country has nurtured close relations with like-minded nations to further common security interests, Defence Minister Rajnath Singh said
Transformation of armed forces a prerequisite to stay relevant: Bipin Rawat
Chief of Defence Staff General Bipin Rawat on Thursday said transformation of Indian armed forces has become a prerequisite to stay relevant in the fast changing geopolitical environment.
 "Transformation of armed forces a prerequisite to stay relevant: Bipin Rawat")
Is MTAR Tech IPO worth subscribing? All you wanted to know
The company looks to raise up to Rs 596.41 crore via a combination of fresh issue of shares worth Rs 123.51 crore and an offer for sale of Rs 472.90 crore
 "Is MTAR Tech IPO worth subscribing? All you wanted to know")
MTAR Technologies IPO priced between Rs 574-575, open March 3-5
Comprises a fresh issue of Rs 123 crore and an offer for sale of Rs 472 crore
 "MTAR Technologies IPO priced between Rs 574-575, open March 3-5")