Page 6 - Defence Sector

Profits up, gaps remain: OFB overhaul yields mixed results three years on

Since the corporatisation of the Ordnance Factory Board, profits are up, the order book is looking healthy in parts, but export gaps persist

Govt approves faster defence procurement guidelines, ATAGS for Army

Military procurements worth ₹54K cr get preliminary approval

Uttar Pradesh boosts defence industry with military hardware test bed

This move aims to strengthen the Uttar Pradesh Defence Industrial Corridor (UPDIC) as well as the country's defence manufacturing sector

Chinese threat: Philippines wants India to join security grouping 'Squad'

Although still in the making - among the island country, the United States, Japan and Australia -the Squad seeks to counter China's power assertions in the South China Sea region

NZ Navy chief, COAS Dwivedi discuss ways to enhance defence cooperation

Rear Admiral Garin Golding, Chief of the Navy of the Royal New Zealand Navy, met with General Upendra Dwivedi, Chief of Army Staff, to discuss matters of mutual interest and explore ways to enhance bilateral defence cooperation between India and New Zealand.In a post on X, the Indian Army said, "Rear Admiral Garin Golding, Chief of Navy, Royal New Zealand Navy called on General Upendra Dwivedi COAS & discussed aspects of mutual interest to enhance bilateral Defence Cooperation between the two Nations."Meanwhile, the Prime Minister of New Zealand, Christopher Luxon, chaired an education-focused event at IIT Delhi, reaffirming the deep academic ties between New Zealand and India. The event celebrated the New Zealand Centre, a flagship initiative that brings together all New Zealand universities in collaboration with IIT Delhi.A key highlight of the event was the announcement of a New Zealand Dollar 60,000 partial scholarship package under the New Zealand Excellence Awards (NZEA) ..

Indian defence sector stocks lock and load, ready for export offensive

Investor firepower reloaded, targeting domestic growth, exports, and European rearmament

Pravaig's 'Veer' undergoes military trials, wins iDEX defence award

Bengaluru-based EV startup Pravaig's all-terrain stealth vehicle, Veer -- the world's first operational EV designed for tactical defense use -- has undergone military trials and won the prestigious iDEX award from the Ministry of Defence. "In a major step towards strategic autonomy, Pravaig has won the prestigious iDEX Award for its VEER Electric Tactical All-Terrain Vehicle (E-TATV) -- a cutting-edge, highly stealthy vehicle designed for forward patrolling, reconnaissance, and ISR operations," Pravaig Dynamics said in a post on X. Atima Corporation, a wholly-owned subsidiary of Pravaig, won the iDEX Award by the Defence Innovation Organisation (DIO), under the aegis of the Department of Defence Production in the Ministry of Defence, "for deepening India's sovereignty by building cutting-edge defence technologies and reinforcing the country's strategic autonomy." The scheme for iDEX-Innovations for Defence Excellence was launched in May 2021 by DIO to foster innovation and technolog

India-Japan joint military exercise Dharma Guardian concludes successfully

The exercise, held from February 24 to March 9, marked a significant milestone in bilateral defence cooperation, as it was conducted on an enhanced scale

Govt 'in talks with 4 countries' for advanced jet-engine programme

Plan to co-develop advanced machines is likely to be 'in place' by the end of the year

Trick or retreat: Bofors aside, Rajiv's term reshaped India's defence plans

Stockholm-based SIPRI, which estimates imports in terms of constant 1990 dollars, puts the value of India's total arms imports in 10 years (2015-24) at a little over $23.7 billion

Defence shares in focus; Data Patterns, GRSE, BDL, Zen, Paras gain upto 11%

Analyst at Elara Capital believe defense companies in India stand to benefit as the EU defence OEM turn to public and private defence firms to procure components and subsystems.

Fifteen injured after South Korea air force jet accidentally drops bombs

South Korea's Air Force said eight 500-pound (225kg) Mk82 bombs from a KF-16 jet fell outside the shooting range during joint live-fire exercises

Boost in defence spending coming amid China threats, says Taiwan's minister

Taiwan's defence minister says the island is planning to boost military spending in the face of the rapidly changing international situation and the escalating threats from adversaries. Wellington Koo gave no figures but said President William Lai Ching-te was working with the ministry in consideration of enemy threats and urgent readiness needs, a reference to China's threats to invade the island, which it considers its own territory. Those would increase the proportion of the defence budget in relation to GDP, Koo said, in comments Monday that were embargoed until Tuesday. Taiwan currently spends about 2.45% of its gross domestic product on its military. At the same time, in coordination with national security and foreign policy, the military will continue to deepen cooperation with the United States and other allied nations, expanding multilateral military exchanges to jointly uphold regional peace and stability," Koo said. Taiwan sees a growing threat from China, which regularl

Pvt firms, DRDO and DPSUs must work together to strengthen IAF: MoD report

IAF's active squadrons have fallen to 31 against the authorised 42, with an ageing fleet and delayed inductions exacerbating the issue

After EU talks, India explores defence industry ties with Belgium

Days after India and the EU pledged to explore a security and defence partnership, talks with Belgium in New Delhi focused on exploring an 'institutionalised defence cooperation mechanism'

We aim to become an aerospace power by 2047: Air Chief Marshal AP Singh

The IAF has been actively involved in the Ganganyaan project, India's ambitious human spaceflight mission

BS Manthan: Can private firms drive India's defence self-reliance?

Can private firms drive India's defence self-reliance? BS Manthan brings top experts to discuss policy reforms, industry innovation, and the future of military technology

Defence budget will go up by 9.5% to Rs 6.81 trn in 2025-26: Secretary

He further said that relaxation in Foreign Direct Investment (FDI) policy and industrial licensing procedure are other elements that will propel the growth in the defence industry

Hindustan Aeronautics displays 'lack of urgency' on Mk1A fighter jet front

Delay in delivering fighter jets to IAF has potential implications for both national security and the 'Make in India' initiative

Rolls-Royce to 'Protect, Power, and Connect' Viksit Bharat: Alex Zino

Backed by the UK govt, Rolls-Royce is also exploring co-developing and co-manufacturing the engine for India's planned fifth-generation fighter plane, with IP ownership in India