'... To ensure that the vast Indian Ocean Region remain peaceful.'
Prime Minister Narendra Modi on Friday unveiled the new Naval Ensign 'Nishaan' at Cochin Shipyard Limited in Kochi, doing away with the colonial past and befitting the rich Indian maritime heritage.
Prime Minister Narendra Modi commissioned India's first indigenously designed and built aircraft carrier INS Vikrant in Kochi on Friday, that put India into a select league of countries with domestic capability to build such large war ships.
In a record time of 13 years, the Indigenous Aircraft Carrier Vikrant is now ready for formal induction into the Indian Navy.
Defence Minister Arun Jaitley visited the aircraft carrier INS Viraat in Mumbai on Saturday.
India does not have the facilities needed for developing advanced aerospace products. There is only one wind tunnel in the country, the almost six decade old one in the National Aeronautics Laboratory.
In line with the government's vision of 'Aatmanirbhar Bharat', the ministry of defence on Thursday signed contracts with Indian shipyards for the acquisition of 11 next generation offshore patrol vessels and six next generation missile vessels at a cost of nearly Rs 19,600 crore, officials said.
India's second aircraft carrier, INS Viraat, drydocked at Cochin Shipyard Ltd for extensive maintenance work and re-fit, is expected to leave for Mumbai by this month end and hopes to join the fleet around mid-year.
It looks as if India's plan to have three carrier battle groups, centred around INS Viraat, INS Vikramaditya and an indigenously built aircraft carrier in Cochin shipyard, has suffered a huge setback, reports RS Chauhan
The ship, commissioned on November 16, 2013, celebrated her third anniversary on Friday.
The government on Monday announced increasing people's holding in public sector undertakings through the divestment programme, but said it would retain at least 51 per cent equity in these enterprises and would keep the banks and insurance companies under its control.
Highest-ever mobilisation in first half of any fiscal year; bankers expect the trend to continue, given strong pipeline
Terror suspect Tahawur Hussain Rana has shot pictures of vital installations at Kochi when he toured the Kerala town, say National Investigating Agency officials.
Air India sale will give a boost to India's privatisation drive, the Economic Survey said on Monday, as it suggested redefining the public sector role in business enterprises to encourage private participation in all sectors. The government earlier this month handed over ownership rights in national carrier Air India to Tata Group for Rs 18,000 crore. The amount includes the takeover of the debt burden of Rs 15,300 crore and another Rs 2,700 crore in cash.
The aircraft carrier, built at a cost of around Rs 23,000 crore, set sail on Wednesday for the crucial sea trials ahead of its planned induction into the Indian Navy by August next year.
The most important positive of India's stealth bull market is earnings growth across different sectors, explains Debashis Basu.
India's mainstream naval fighter jet plane MiG-29K faces operational deficiencies due to defects in engines, airframe and fly-by-wire system leading to very low availability.
The Indian Navy has a big role to play in support of our strategic objectives in the Indian Ocean. The increasing Chinese presence in the Indian Ocean is a matter of concern and need to be factored. Hence, the requirement of an Aircraft Carrier is a foregone conclusion, asserts Commodore Venugopal Menon (retd).
The government is likely to list four or five more of state-owned companies, which include Satluj Jal Vidyut Nigam Ltd, Manganese Ore India Ltd and Cochin Shipyard, by March next year. A senior government official said the government plans to dilute up to 10 per cent in these companies.
The Indian Navy has started the construction -- at its Cochin shipyard -- of a totally indigenous aircraft carrier with a capacity of 25 aircraft.
The core group of secretaries on divestment scrutinised the financial bids for sale of newsprint maker NEPA and took up the issue of the divestment of equity in a slew of PSUs.
The MiG29K and MiG29KUB, the aircraft carrier's primary fighters, spent more time in the hangar than in the air, with fleet serviceability remaining below 50 per cent, reports Ajai Shukla.
Dipam is conducting the selection of merchant bankers and legal advisors, and planning roadshows.
Divestment of Shipping Corporation of India is likely to take place by October 2003 as per the schedule, Lok Sabha was informed on Wednesday.
Scheduled to be launched by Defence Minister A K Antony's wife Elizabeth Antony, the carrier will be named after Vikrant, India's first aircraft carrier, Naval Staff vice chief Vice-Admiral R K Dhowan said.
Overnight, the Wall Street closed on a flatter note.
Ajit Mishra, vice president, Research, Religare Broking, answers queries on how to invest in stocks.
For about three more years, the Indian Navy will have to make do with its lone carrier -- the Russia-built INS Vikramaditya.
The move will lead to augmentation of water infrastructure in the country
The navy is pushing hard for IAC-2 to be a 65,000-tonne, flat deck carrier that is designed and built in India, with technical and tactical consultation from the US navy -- the global masters in aircraft carrier operations.
'We will prioritise our requirements so that the country's maritime interests are not compromised.'
An Indian Coast Guard Ship, designed and built by Cochin Shipyard Limited, was commissioned here on Monday by Flag Officer, Commanding-in-Chief, Southern Naval Command, Vice Admiral Sunil Lanba.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
'Kerala isn't as dependent on agriculture like Bihar or Odisha or even other southern states.' 'Economic losses would not be too intense, unlike other states.' 'The floods could, at best, impact India Inc's earnings for a quarter or two.'
Close on the heels of the sinking of submarine INS Sindhurakshak in which all the 18 personnel died, a fire incident took place on country's only aircraft carrier INS Virat off the coast of Mumbai.
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
Union Defence Minister Manohar Parrikar on Monday commissioned four Indian Coast Guard vessels at port town of Vasco in Goa, which will be mainly used for patrolling and interception.
After the Chennai floods, insurance companies had got 50,000 claims worth Rs 4,800 crore.
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