MoD signs 5 major defence contracts worth Rs 39,000 crore

As part of ‘Aatmanirbharta in Defence’ and to further boost Make-in-India initiative, the Ministry of Defence (MoD) signed five major capital acquisition contracts worth Rs 39,125.39 crore on Friday (March 1, 2024) in New Delhi. The Contracts were exchanged in the presence of Raksha Mantri Rajnath Singh and Defence Secretary Giridhar Aramane. Read More

Adani's integrated missle-ammunition factory in Kanpur, Uttar Pradesh in India.

February 28, 2024

Yogi inaugurates Adani Group’s mega defence factory in Kanpur

Adani Group’s missile-ammunition factory Kanpur: The Adani Group, a prominent infrastructure conglomerate in India, Monday inaugurated a state-of-the-art integrated missile and ammunition manufacturing complex in the northern state of Uttar Pradesh. The opening of this facility coincided with the fifth anniversary of the Balakot air strike, a significant event when the Indian Air Force targeted terror camps in Balakot, Pakistan. Adani Defence and Aerospace said that the facility consists of two mega facilities dedicated to the production of ammunition and missiles in Kanpur. Read More

February 1, 2024

Union Budget: No change in tax structure, FM sticks to path of fiscal consolidation

Union Finance Minister Nirmala Sitharaman presented the Modi 2.0 government's last Budget before the general elections on Thursday. The interim budget has a mix of measures for the economy and significant segments for women that are important from the point of voters' pull. Read More

February 1, 2024

Progressive and Inclusive Budget: PM Modi hails interim budget

Prime Minister Narendra Modi Union Budget 2024-25: Prime Minister Narendra Modi Thursday congratulated Finance Minister Nirmala Sitharaman on the successful presentation of the interim budget. "It may be an interim budget but it is an inclusive and progressive one and a reflection of Vikshit Bharat," Modi said in a speech. Read More

February 1, 2024

RBI bans Paytm Payments Bank from adding new subscribers

RBI bans Paytm Payments Bank: In a major decision affecting thousands of Paytm subscribers, the Reserve Bank of India (RBI) on Wednesday barred Paytm Payments Bank Ltd from accepting deposits or top-ups in any customer account, prepaid instruments, wallets, and FASTags, among others after February 29, 2024. In a statement, the RBI said its action... Read More

Indian Navy MQ-9B Predator Sea Guardian Drone

February 1, 2024

US-India drone deal holds significant importance: State Department

US-India Drone Deal: The US State Department expressed optimism about the proposed drone deal with India, emphasising its 'significant potential' to advance strategic technology cooperation. The deal was announced during Prime Minister Narendra Modi's visit last year, marking substantial growth in the US-India defence partnership over the past decade. Read More

January 26, 2024

Steelmaker JSW Group forays into Defence Sector

JSW Defence and Aerospace: India’s steel maker giant JSW Group has entered into the country’s growing defence manufacturing space which has seen a large number of lucrative defence contracts being awarded to private and state owned defence companies since the launch of ambitious self-reliant India programme (Atm Nirbhar Bharat). The Atm Nirbhar Bharat scheme was launched by the Prime Minister Narendra Modi’s government in 2020 to reduce the country’s dependence on imports in critical sectors, including defence. Read More

DRDO's Autonomous Flying Wing Technology Demonstrator at Chitradurga, Karnataka (Friday - December 16, 2023).

December 15, 2023

DRDO’s Autonomous Flying Wing Technology Demonstrator soars high

The successful flying demonstration of this autonomous stealthy unmanned aerial vehicle shows the maturity of the technology readiness levels in the country as UAVs and autonomous vehicles take centrestage in modern warfare. Read More

December 1, 2023

MoD approves purchase of 97 LCA Tejas, over 150 LCH Prachand helicopters

New order for LCA Tejas, LCH Prachand helicopter: India's apex defence procurement body, the Defence Acquisition Council (DAC) Thursday cleared the procurement of indigenously designed and developed 97 Light Combat Aircraft Tejas Mk 1A and 156 Light Combat Helicopters from state owned aircraft and helicopter manufacturer Hindustan Aeronautics Limited. The approvals also involve other major defence procurements and upgrades entailing an expenditure of around Rs 2.23 lakh crore ($27 billion). Read More

October 23, 2023

NPCIL begins loading fuel in Kakrapar nuclear power plant

NPCIL's Kakrapar Nuclear Power Plant: India’s nuclear power operator NPCIL on Friday said it has started loading fuel in the second indigenously-built 700 MW atomic power station at Kakrapar in Gujarat. “Loading of nuclear fuel for the first time, termed as Initial Fuel Loading (IFL). commenced today in NPCIL’s Kakrapar Atomic Power Project Unit-4 (KAPP 4-700 MWe), after receipt of permission from the regulatory authority, Atomic Energy Regulatory Board (AERB),” the Nuclear Power Corporation of India Limited (NPCIL) said in a statement. Read More