Page 4 - Drone

Drone maker ideaforge Technology IPO subscribed whopping 106 times

Drone maker ideaforge Technology's initial public offer was subscribed whopping 106.05 times on the closing day of subscription on Friday, helped by huge participation from investors. The Rs 567.24-crore initial share sale received bids for 49,30,29,570 shares against 46,48,870 shares on offer, as per NSE data. The Qualified Institutional Buyers (QIBs) category was subscribed a huge 125.81 times. The portion for Retail Individual Investors (RIIs) fetched 85.16 times subscriptions and the non-institutional investors part got subscribed 80.58 times. The Initial Public Offer (IPO) has a fresh issue aggregating up to Rs 240 crore and an offer for sale of up to 48,69,712 equity shares. The price range for the offer was Rs 638-672 a share. Of the total proceeds from the fresh issuance, Rs 50 crore will be utilised for debt payment, Rs 135 crore towards funding the working capital gap, Rs 40 crore for investment in product development and the remaining amount for general corporate ...

Karnataka govt hands out largest drone-based land parcel mapping contract

Geospatial organisations Allterra and NeoGeo said on Wednesday that they have collaboratively won the "largest-ever" drone-based land parcel mapping contract through an open tender process from the Karnataka government. The project covers an area of 68,000 SQ. KM. and 10 districts in Karnataka Gadag, Koppal, Kodagu, Chamarajanagar, Chikkamagaluru, Vijayapura, Yadgir, Raichur, Bidar, and Kalaburagi, the companies said in a statement. Both companies have chosen Aereo (formerly Aarav Unmanned Systems) as their technology partner for this project, which will be done using Aereo's state-of-the-art drone solutions. This work envisages deployment of approximately 60 survey-grade 'PPK' (Post Processed Kinematic) drones to capture high-resolution images to generate maps with a resolution better than 5 cm per pixel, it said. At full scale, the fleet of drones will be mapping an approximate area of 1,75,000 acres in a single day on an average. Furthermore, the Survey Settlement and Land Rec

India seals $3 billion drone deal with US ahead of PM Modi's visit

US National Security Advisor Jake Sullivan finished his two-day visit to New Delhi on Wednesday, meeting his Indian counterpart Ajit Doval, Foreign Minister S Jaishankar and Modi

Drones used in Lucknow to check power theft through air surveillance

Drones are now being used by the Lucknow Electricity Supply Administration (LESA) to check power theft through air surveillance

Grene Robotics acquires deep-tech defence IP from Apogee C4I LLP

Currently, many anti-drone systems are treated as if drones are the only low radar cross section (RCS) threat in the tactical battle area

Ukraine Air Force shoots down own drone over Kiev after 'losing control'

It added that it had taken a decision to shoot it down "since the uncontrolled presence of UAVs in the sky of the capital could lead to undesirable consequences"

Govt pays PLI incentives worth Rs 2,874 crore towards 8 sectors in FY23

Empowered group of secretaries, Aayog review some sectors to bring them to 'acceptable levels'

North Korea claims to test underwater nuclear attack drone 'Haeil-2'

The system will serve as an advantageous and prospective military potential of the armed forces of the Democratic People's Republic of Korea (DPRK)

Package suspected to be dropped by drone found in J-K, area cordoned off

A package suspected to have been airdropped by a drone from across the International Border was found in Jammu and Kashmir's Samba district on Monday, prompting police to cordon off the area, official sources said. The package was found early on Monday near the railway line in Rakh Barotiya, they said. The police have cordoned off the area and called in the bomb disposal squad, they added. According to past modus operandi, the police suspect that the package was dropped by a drone from across the border, the sources said. Several incidents of weapons, narcotics, cash and explosive materials being airdropped by drones suspected to be from across the international border have come to light in the Union Territory's Samba, Kathua and Jammu districts in recent months.

Suspected Iranian drone strike kills US contractor in Syria: Pentagon

A US contractor was killed and five US service members and one other US contractor were wounded when a suspected Iranian drone struck a facility on a coalition base in northeast Syria on Thursday, the Pentagon said. In a statement released late Thursday, Defence Secretary Lloyd Austin said US Central Command forces retaliated with precision airstrikes against facilities in eastern Syria used by groups affiliated with Iran's Revolutionary Guard. The Defence Department said the intelligence community had determined the unmanned aerial vehicle was of Iranian origin. The airstrikes were conducted in response to today's attack as well as a series of recent attacks against Coalition forces in Syria" by groups affiliated with the Revolutionary Guard, Austin said. Overnight, videos on social media purported to show explosions in Syria's Deir Ez-Zor, a strategic province that borders Iraq and contains oil fields. Iran-backed militia groups and Syrian forces control the area, which also has

US says Russian jet caused spy drone crash, Moscow denies collision

Russia's defence ministry denied that its aircraft had come into contact with the unmanned aerial vehicle (UAV), which it said had crashed after "sharp manoeuvring"

Drone start-up Garuda raises $22 mn in series A funding from SphitiCap

Company will use money to expand operations, research, and to train drone pilots

"Dust and Dirt to Drone and Dignity"

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Iran tests military drones in wargame near Strait of Hormuz: Report

Iran's military tested new attack drones in the coastal area of the Gulf of Oman and near the strategic Strait of Hormuz on Saturday as part of its ongoing annual drill, state TV reported. Meanwhile, antigovernment protests underway for over three months continued. Videos on social media showed protests in Tehran's grand bazaar and several cities and towns including in the Kurdish area. Part of Tehran's bazaar closed in the wake of the protests which authorities cracked down on. State TV said the Ababil-5 attack drone was used during wargames for the first time and successfully hit its target with a bomb after traveling 400 kilometers (250 miles). Iran has tested many other military drones over the past decade. The military drones have been a point of contention between Iran and the United States and its allies, which claim Tehran is supplying Moscow with drones that have been used in attacks in West-backed Ukraine. In November, Iran acknowledged it has supplied Russia with drones

E-commerce platform Amazon starts delivering orders by drones in US states

In 2020, the Federal Aviation Administration (FAA) gave the company 'Part 135' approval to send packages by drone

Shot down Ukrainian drone near air base; second instance in month: Russia

The Russian military reported Monday that it shot down a Ukrainian drone approaching an air base deep inside Russia, the second time the facility has been targeted this month again revealing weaknesses in Russia's air defenses. Russia's Defense Ministry said debris killed three servicemen at the Engels air base, which houses Tu-95 and Tu-160 nuclear-capable strategic bomber planes that have struck Ukraine with missiles in the 10-month-old war. Russia's Baza news outlet reported that four people were wounded and said a fire had broken out, with explosions, sirens and flashes on a video it posted on its Telegram channel. The Defense Ministry claimed no Russian aircraft were damaged. It wasn't clear whether the drone had been launched from Ukraine or Russian territory. If the drone had been launched from Ukraine, it would have traveled more than 600 kilometers (370 miles) to reach Engels, located in Russia's Saratov region on the Volga River. Shooting the drone down after such a long

Russian military says it shot down Ukrainian drone approaching airbase

The Russian military reported Monday that it shot down a Ukrainian drone approaching an airbase deep inside Russia, the second time the facility has been targeted this month again revealing weaknesses in Russia's air defences. Russia's Defence Ministry said debris killed three servicemen at the Engels airbase, which houses Tu-95 and Tu-160 nuclear-capable strategic bombers that have launched strikes on Ukraine in the 10-month-old war. Russia's Baza news outlet reported that four people were wounded and said a fire had broken out, with explosions, sirens and flashes on a video it posted on its Telegram channel. The Defense Ministry claimed no Russian aircraft were damaged. It wasn't clear whether the drones had been launched from Ukraine or Russian territory. Engels is located in Russia's Saratov region on the Volga River, more than 600 kilometers (370 miles) east of the border with Ukraine. In keeping with the Kyiv government's long-standing practice of not confirming cross-bord

Garuda Aerospace receives Type certification, RTPO approvals from DGCA

Drone manufacturer Garuda Aerospace has received the Type Certification and RPTO (Remote Pilot Training Organisation) approvals from the Director General of Civil Aviation for the indigenously designed kisan drones, the company said on Sunday. DGCA Type certification is provided on the basis of the quality check and is issued after a rigorous testing process of the unmanned aerial vehicles. The kisan drones are developed for agricultural purposes and with the Type Certification received for the GA-AG model, Garuda Kisan drones were eligible for Rs 10 lakh unsecured loans from the agri-infrastructure fund offered by the Centre, the company said in a statement. According to DGCA, a remote pilot training organisation is an organisation authorised by the DGCA to impart remote pilot training to any individual seeking for a remote pilot certificate under Rule 34 of Drone Rules 2021. "The elusive double certification by DGCA for Type and RPTO certification is a testament to our indigenou

Drone shot by BSF along Punjab border in Amritsar, falls on Pakistan side

A Pakistan drone that entered India from along the International Border in Punjab was intercepted by BSF troops following which it fell on the other side, a senior officer said Wednesday. The drone was "downed" by Border Security Force (BSF) troops around 7:20 pm on Tuesday and it has been taken away by Pakistan Rangers, he said. The incident took place near the Daoke border post in Amritsar. It was found lying 20 metres inside Pakistan territory opposite Indian border post Bharopal when a search was conducted on Wednesday morning, a BSF spokesperson said. "It hovered in the sky for a few minutes when counter-drone measures were taken, and fell while returning.Search is in progress to find if it dropped anything on the Indian side, he said.

Alphabet's Wing unveils remote operations centre for drone delivery

Alphabet's drone delivery company Wing has unveiled its new remote operations centre where pilots will monitor multiple missions at a time