New Delhi: Less than a month after information technology major Infosys Limited said it will invest an additional $1 million (about Rs 7.2 crore) in ideaForge Technology Private Limited, the drone maker has attracted another round of $2 million investment (about Rs 15 crore) in a venture debt […]
By Ayaskant Das New Delhi: The Narendra Modi government’s decision to offload up to 15 per cent of its share in Hindustan Aeronautics Limited (HAL) has met with opposition from employees of India’s lone, state-run aircraft manufacturer. But industry veterans feel a gradual disinvestment of the nation’s aerospace […]
By Angad Singh If the annual SIPRI data consistently showing India among the top few arms importing nations in the world is a depressing commentary on the state of India’s military-industrial capability and capacity, the 2020 figures bring some cheer. Although India is second only to Saudi Arabia […]
New Delhi: India’s Chief of Defence Staff (CDS) General Bipin Rawat‘s office is now prioritising procurement proposals of the armed forces based on immediate needs, and purging the approvals granted for acquisition of equipment that are now obsolete and don’t fit into the scheme of military plans. A […]
New Delhi: India’s Defence Public Sector Undertakings (DPSUs) have a healthy order book worth Rs 2,31,981 crore ($32.5 billion) that could help them stay in business for a period ranging from two years to 10 years. The details of the order book for each of the DPSUs is […]
New Delhi: India’s Narendra Modi government has approved procurement proposals worth Rs 4,09,244 crore ($57 billion) since taking office for the first time in May 2014 till September this year. “The government, in the last five years, that is, from 2014-15 to 2018-19 and in the current year […]
