Page 7 - Defence Sector

Time for private industry to take a lead in defence manufacturing: Rajnath

Defence Minister Rajnath Singh's call to private industry follows the MoD designating 2025 as the 'Year of Reforms', including streamlining defence acquisition, a long-standing challenge

Safran and BEL forge partnership for manufacturing HAMMER weapon in India

Bharat Electronics Limited and Safran Electronics & Defense, France have signed a MoU to create a joint venture for manufacturing, customising, sales and maintenance of HAMMER, a precision guided air-to-ground weapon, in India. HAMMER (Highly Agile Modular Munition Extended Range) is a combat-proven weapon system known for its high accuracy and modular design making it adaptable for multiple platforms including the Rafale and LCA Tejas. The Memorandum of Understanding (MoU) was signed by K V Suresh Kumar, Director (Marketing) of BEL, and Alexandre Ziegler, Executive Vice President of Safran Electronics & Defense, in the presence of Manoj Jain, Chairman and Managing Director of BEL, Franck Saudo, CEO of Safran Electronics & Defense at Aero India on Tuesday. "The proposed joint venture between BEL and Safran Electronics & Defense will be a major step toward strengthening India's capabilities in defense manufacturing and achieving self-reliance in advanced weapon systems.

BrahMos supersonic missile is generating interest globally: DRDO chief

DRDO Chairperson Samir V Kamat said that Indonesia has expressed interest in the BrahMos, along with other countries in the Middle East and Southeast Asia

This is right time to invest in India: PM Modi invites French businesses

Prime Minister Narendra Modi has invited French businesses to invest in India, saying when France's technology and India's talent unite a global transformation will happen. Addressing the India-France CEO Forum here on Tuesday, Modi said this is the right time to come to India as it offers countless opportunities for investments and collaborations in areas such as defence, advanced technology, fintech, pharma among others. "I welcome you all to join India's development journey. When France's finesse and India's scale meet... When India's pace and France's precision join... When France's technology and India's talent unite... Then, not just business landscape, but global transformation will happen," he told the gathering of the business leaders. French President Emmanuel Macron also attended the event. Modi said the India-France CEO Forum plays a key role in strengthening economic ties and fostering innovation. "It is gladdening to see business leaders from both nations collaborate

Tap our defence ecosystem to meet global challenges: Rajnath to CEOs

Defence Minister Rajnath Singh was speaking at the CEOs Roundtable, which he chaired as part of Aero India 2025 in Bengaluru and was attended by over 100 domestic and foreign CEOs

Govt expects stable delivery of GE-powered fighter jets next fiscal year

Hindustan Aeronautics Ltd (HAL) would have the capacity to hand over 16 to 24 aircraft in the fiscal year that starts in April following stable delivery of the engine

MoD signs Rs 10k cr deals to boost Army's PINAKA with new rockets, upgrades

Advanced munitions and software upgrades procured under these deals will enhance the capabilities of the Indian Army's indigenously developed PINAKA Multiple Launch Rocket System

Looking beyond Budget to fund defence: Need for ambitious restructuring

The government cannot entirely overlook the need to evaluate and determine expenditure based on the military threats and capabilities of China and Pakistan

Budget 2025: Defence still below 2% of GDP; 'Aatmanirbharta' push continues

Latest allocation continues five-year trend of declining defence spending as a share of GDP and budget, with FY26 showing a slight recovery in the latter but remaining unchanged in the former

Budget 2025: Rs 20k cr Nuclear Mission for small modular reactor, 5 by 2033

Global interest in small modular reactors has been increasing due to their ability to provide flexible power generation and base-load power for a range of applications, says NITI Aayog report

Budget 2025: Defence allocation sees marginal rise at 1.9% of GDP

It is unclear at the moment what portions of this year's capital budget the three services will receive, because the breakup is no longer separately marked in public documents

Budget 2025: Defence gets Rs 6.81 trn; aircraft, engines, ships in focus

The MoD has designated 2025 as the 'Year of Reforms', announcing in December that the Defence Acquisition Procedure 2020 is 'expected to undergo a complete revamp' this year

Defence stocks: GRSE, BDL, BEL, HAL surge up to 9% day ahead of Budget 2025

Shares of BEL, for instance, soared 5 per cent to Rs 292.10 on the back of two-fold jump in average trading volumes after the company reported a healthy December 2024 quarter

Israeli startups eye global markets after playing important role in war

Israel already had a thriving startup scene, meaning its companies may be better placed to capitalise on the wartime boom, with some already winning orders from abroad with aims to shape future battle

BEL's strong Q3, promising outlook lead brokerages to issue 'Buy' call

Among the top highlights of Bharat Electronics Q3 performance include a 39% Y-o-Y growth in execution and a 330 bps expansion in Ebitda margin to 28.9 per cent, surpassing analyst expectations

CCS clears Rs 10,000 cr Pinaka rocket deal; Solar, MIL to manufacture

The DRDO is already in the advanced stages of making a 120 km strike version of the Pinaka rockets and is expected to carry out its first test in the next financial year

First Indian startups selected for Indo-US defence programme: Investors

Indian investor Indusbridge Ventures and U.S.-based FedTech, which established the programme in September 2024, selected seven Indian companies and talks are underway about specific projects

All-woman Agniveer contingent, robotic mules make debut at Army Day Parade

The 77th Army Day Parade on Wednesday saw many firsts which included an all-girl marching contingent from the National Cadet Corps (NCC), an all-woman Agniveer contingent and a pack of nimble four-legged robotic mules. The annual parade took place at Bombay Engineering Group (BEG) and Centre in this historic city of Maharashtra which comes under the Army's Southern Command. Pune hosted the prestigious parade for the first time. While the Army displayed its military might through some of the latest platforms, the debutants got much eyeballs during and after the event. And, the girl cadets of the NCC and women Agniveers who trained at Corps of Military Police (CMP), Centre and School at Bengaluru, couldn't have been happier. "It is a remarkable day for us. We finished training last November at the CMP and and for the last one month have been practising for the Army Day Parade. We did a lot of hardwork for this. We felt very proud and even civilians were cheering for us," Agniveer ..

Union Budget 2025: Unchanged defence allocation, focus on reforms likely

India's defence budget as a share of GDP and the national budget has declined steadily year after year, reaching its lowest point since the 1960s, even as strategic challenges persist

Land factor in Indo-Pacific: How large are India's oceanic interests?

With just consolidating what is our primary area of influence or interest in the Indian ocean region, it might make more sense