Page 2 - Defence Sector

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

MoD to reform procurement policy in 6-12 months: Defence Secretary

Defence Secretary Rajesh Kumar Singh's remarks follow the MoD's decision to mark 2025 as the 'Year of Reforms' and its announcement of a possible Defence Acquisition Procedure 2020 revamp

Demerger boosts Rossell Techsys' defence, space ambitions: MD Rishab Gupta

Rossell Techsys MD Rishab Gupta discusses the firm's demerger from Rossell India and its entry into the space sector, highlighting a Rs 2,800 crore order book and a focus on defence and civil aviation

India eying integrated satellite communication grid: Defence space official

India's defence forces are planning to build an integrated satellite communication grid comprising spacecraft in different orbits and data relay systems as space emerges as a new domain of warfare, a senior officer said. Addressing the DefSat Conference here, Defence Space Agency Director General Air Vice Marshal Pawan Kumar said the defence forces were also looking at collaborating with the industry to meet its requirements to get an edge over its rivals in the domain. "When you talk of communication, I think the technology that we are focusing on is integrated satellite communication grid. We don't want any service to be over dependent on a particular satellite," Kumar said in the inaugural address at the DefSat conference organised by Satcom Industry Association-India here. Kumar said the defence forces were looking at a mix of constellations, either Medium Earth Orbit (MEO)-Geostationary Orbit (GEO) or Low Earth Orbit (LEO)-MEO-GEO, and a lot of studies have happened on that. "

Aero India to showcase India as emerging hub for defence manufacturing

India's biennial aerospace exhibition Aero India will be held at Yelahanka on the outskirts of Bengaluru from February 10-14 and it will showcase the country as an emerging hub for manufacturing of military aircraft, helicopters, equipment and new-age avionics. The event will include both air displays and static exhibitions of a large array of military platforms from the aerospace sector, the defence ministry said on Monday. "With the broad theme 'The Runway to a Billion Opportunities', the event will provide a platform for forging partnerships between foreign and Indian firms and the discovery of newer avenues in the global value chain to accelerate the indigenisation process," it said. The five-day event will feature a 'Defence Ministers' Conclave, CEOs' round-table and a large exhibition comprising India Pavilion and a trade fair of aerospace companies. The first three days of the event will be business days, while February 13 and 14 have been set as public days to allow people

India-US ties have reached new heights in tech, defence, AI, says PM Modi

The India-US comprehensive global strategic partnership has scaled new heights, including in areas of technology and defence, Prime Minister Narendra Modi said on Monday after US National Security Advisor Jake Sullivan met him. Sullivan is on a visit to India two weeks ahead of Donald Trump's inauguration as the 47th President of the US. "It was a pleasure to meet the US National Security Advisor @JakeSullivan46," Modi said on 'X'. "The India-US Comprehensive Global Strategic Partnership has scaled new heights, including in the areas of technology, defence, space, biotechnology and Artificial Intelligence," he said. "Look forward to building upon this momentum in ties between our two democracies for the benefit of our people and global good," Modi added. Sullivan held wide-ranging talks with his Indian counterpart Ajit Doval and External Affairs Minister S Jaishankar. The implementation of the US-India Initiative on Critical and Emerging Technology or iCET figured in the two ...

Markets Today: Dec PMI; FIIs; Wall Street up; Standard Glass Lining IPO

At 6:35 AM, GIFT Nifty futures were trading merely 4 points higher at 24,096, hinting at a flat to positive start for the day

RFI issued for manufacturing 23-mm anti-drone ammunition to boost defence

The government has issued a Request for Information (RFI) for the manufacturing of 23-mm anti-drone ammunition by the Indian industry, which is intended to be used with an existing weapon system for boosting the Army's air defence capabilities. This ammunition is intended to be used with the existing "Zu 23mm and Schilka Weapon System" for the destruction of drones. The RFI, issued on January 1, also reads that there is a requirement of 23-mm anti-drone ammunition in order to "increase the hit probability". "The Ministry of Defence, Government of India, Request for Information (RFI) from interested companies/firms/vendors for undertaking manufacturing of 23mm Anti Drone Ammunition in lndia," it says. The purpose of this RFI is to identify the prospective vendor (DPSUs/private vendors) to undertake the manufacturing of 23-mm anti-drone ammunition under "Make in India", the document adds. All defence public sector undertakings (DPSUs) and private vendors are eligible to respond to t

Budget 2025-26 must prioritise defence and security over welfare schemes

India's growing external and internal threats demand urgent shifts in fiscal focus to strengthen defence, policing, and cyber capabilities

Top defence stocks for 2025: Nuvama bets big on BEL, Data Patterns

On the bourses, BEL and Data Patterns have given solid returns. On a year-to-date (Y-T-D) basis, BEL soared over 59%, while Data Patterns gained 35%

UP's Kanpur, 'Manchester of the East', pivots to military ware hub

The industrial town has netted investments in an array of defence and military projects across aircraft, drones, arms and ammunition, propellant systems, among others

It's time to launch new phase of self-reliance in defence production: Murmu

President Droupadi Murmu on Friday said the time is now ripe for launching a new phase of self-reliance in defence production by manufacturing technologically advanced equipment within the country. Speaking after awarding the President's Colours to the College of Defence Management (CDM) here, she said the Union Government has taken several measures to enhance indigenous capabilities of the defence industry. Through initiatives such as Make in India, Ease of Doing Business and development of defence industrial corridors, the government is encouraging Indian and foreign investors to invest in the defence sector, she said. With emphasis on indigenization, many defence products have been identified for domestic manufacturing and will not be imported. "The time is now ripe for launching a new phase of self-reliance by manufacturing technologically advanced equipment within India," she said. The officers of the defence forces are expected to wholeheartedly contribute towards achieving

Army needs adequate capital budget to ensure deterrence: Parl panel

There was a gap between budget allocations and actual spending on the Army's modernisation and infra in four of five years from FY20 to FY24, noted the Parliamentary Standing Committee on Defence

India-US defence ties accelerating and advancing in terrific ways: Pentagon

The defence relationship between India and the United States is accelerating and advancing in terrific and exciting ways, the Pentagon has said amidst the transition from the Joe Biden administration to that of President-elect Donald Trump. "The US-India defence relationship stands on its own. It is accelerating and advancing in terrific and exciting ways, both as it relates to defence industrial base cooperation as well as operational cooperation across the services," Ely Ratner, Assistant Secretary of Defence for Indo-Pacific Security Affairs, told reporters at a news conference here. "It (the India-US defence ties) is a continuing growth area, even as the India-China relationship waxes and wanes," Ratner said in response to a question. India has been accorded the status of Major Defence Partnership by the United States. Biden administration officials have described the defence ties as one of the key pillars of this relationship. This fall, India concluded an agreement with the U

Goldman Sachs sees Nifty at 27K in 2025, bets on housing, defence stocks

Analysts identified 16 'oversold' stocks, each down over 20%, including Trent, IndiGo, Shriram Finance, and Havells, suggesting they present strong buying opportunities

Bangladesh eyes Chinese J-10C fighters to upgrade its air force fleet

Bangladesh is currently China's second-largest arms buyer after Pakistan, which was the first country to procure 4.5-generation multirole J-10C combat fighters from China