Page 2 - Defence Sector

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

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