State-run Hindustan Aeronautics Limited has won a bid under which it will receive technology from the Indian Space Research Organisation for the end-to-end commercial production of the Small Satellite Launch Vehicle (SSLV), a first for the industry as India seeks to become a global hub for small satellite manufacturing and launches.
The slippage in the delivery schedule for the LCA Mk-1A variant of the jet had become a major issue with Chief of Air Staff Air Chief Marshal A P Singh raising the matter publicly.
Watch the splendour of the Sukhoi Su-30 MKI as it soars gracefully through the skies, showcasing its power and precision at Aero India 2025.
Private and public defence players can bid to participate in the stealth fighter development programme independently, as a joint venture, or as consortia.
'As humans, we haven't changed much'
The 12 SU-30MKI jets for the Indian Air Force would be licensed manufactured by Hindustan Aeronautics Limited at its Nashik facility and cost around Rs 13,000 crore.
After lagging behind the broader market over the past three and six months, defence sector stocks have regained ground, reversing their performance from the past month. Concerns about slowing order inflows, execution hurdles, supply chain disruptions, and high valuations had weighed on the sector.
The indigenously designed and developed Advanced Light Helicopter (ALH-Dhruv) and the Light Combat Aircraft (LCA) Tejas will not be part of the upcoming Republic Day flypast in India due to the grounding of the entire fleet of ALH-Dhruv helicopters following a crash earlier this month. The grounding of the helicopters is a result of a Coast Guard ALH crash in Porbandar, Gujarat on January 5, which claimed the lives of two pilots and an aircrew diver. The decision to exclude the ALH-Dhruv and Tejas from the flypast comes as a high-level probe panel investigates the cause of the crash.
The performance of Hindustan Aeronautics Limited (HAL) for 2024-25 (FY25) was driven by improved margins and lower provisions. The order book as of March was of Rs 1.8 trillion, with inflows of Rs 1 trillion during FY25.
'The universe of PSU stocks is huge and diverse.' 'Investors should bet on specific sectors and stocks from the basket as most of them may continue to consolidate after years of outperformance.'
LIC's Rs 3,000 crore bid helped HAL reach the minimum 10 per cent dilution threshold required for listing, sources said
Defence stocks have been on a tear, with the Nifty India Defence index hitting all-time highs. Over the past week, the index jumped around 7 per cent, far outpacing the flat performance of the Nifty 50. Over the past month, its 12 per cent gain has trebled the benchmark's return.
The CCS approved the proposal to buy 156 LCH 'Prachand' worth over Rs 62,500 crore from HAL, Defence Minister Rajnath Singh said.
Air Chief Marshal A P Singh and Chief of the Army Staff General Upendra Dwivedi on Sunday set the tone for the grand Aero India-2025 by flying in the Light Combat Aircraft (LCA) Tejas in Bengaluru at Yelahanka based Air Force Station.
Chief of Air Staff Air Chief Marshal A P Singh on Thursday flagged serious concerns over inordinate delays in various defence acquisition projects and failure to stick to delivery schedules for supply of key platforms even as he hailed Operation Sindoor as a 'national victory'.
Aerospace major Rolls-Royce has announced its intention to double its supply chain sourcing from India over the next five years. The company plans to increase sourcing of complex parts for advanced aerospace engines, naval propulsion systems, diesel engines, and gas turbine engines to grow its presence and participation in India's defense sector. Rolls-Royce currently sources a wide range of high-precision parts and engine components from Indian partners for its civil aerospace, defense, and power systems businesses. The company highlights India's emergence as a preferred global sourcing hub and emphasizes its commitment to strengthening partnerships with both existing and potential Indian suppliers to develop capabilities for manufacturing complex engine components locally for global markets. Rolls-Royce highlights its established ecosystem of strategic partnerships, skilled talent, engineering and digital capabilities, service delivery, supply chain, and manufacturing in India, along with a history of successful technology transfer for licensed production of various engines in the defense domain. The company believes that strengthening the supply chain and enhancing ecosystem capabilities will pave the way for future co-production opportunities, supporting India's vision of becoming a self-reliant defense powerhouse. Rolls-Royce emphasizes its commitment to serving the needs of India's armed forces and its focus on participating in co-development opportunities for critical combat engine technologies.
It involves India spending an estimated Rs 40,000 crores to Rs 50,000 crores and will take 10 to 15 years to develop.
It is time we buried the mantra of 'peaceful and stable Pakistan is in our interest'. It is not, simply because Pakistan's existence -- that is synonymous with its army -- means peace has no chance, asserts Colonel Anil A Athale (Retd). It is time we buried the mantra of 'peaceful and stable Pakistan is in our interest' asserts Colonel Anil A Athale (Retd).
Three crew members were killed after a helicopter of the Indian Coast Guard (ICG) crashed and caught fire at an airport on the outskirts of Gujarat's Porbandar city, police said.
Glimpses from Day 1 at Aero India 2025 at the Yelahanka air base in Bengaluru, India, February 10, 2025.
Research and development (R&D) spending by BSE 100 companies has grown steadily, rising from 0.89 per cent of revenue in FY20 to 1.32 per cent in FY24, averaging around 1 per cent over the period in-between, according to data compiled from Bloomberg and company annual reports. Also, these companies more than doubled their R&D spending in absolute terms over these five years: From Rs 25,041 crore to Rs 63,072 crore. While this reflects a prioritisation of innovation, corporate R&D investment remains relatively conservative.
'Today's situation is unacceptable. It has the potential to affect the IAF's operational capability.'
At a press conference ahead of Air Force Day on October 8, he also said that India needs to catch up with China on technology and speed in production of military equipment, holding that "we are way behind" the neighbour. Air Chief Marshal Singh, at the same time, said the Indian military is way ahead in terms of personnel including those operating various machines and platforms. "I am very confident that as far as human angle is concerned, as far as our people behind the machine are concerned, we are way ahead of them," he said.
The participation of the three vice chiefs in the Tarang Shakti exercise demonstrated the growing focus on cross-domain cooperation, with land, sea, and air forces working together to face modern challenges, an official said.
'Our production capacity ramp-up initiatives are expected to meet the critical requirements of our armed forces.'
The government will set up a special purpose vehicle to push ahead with plans to start manufacturing commercial aircraft in India, Civil Aviation Minister K Rammohan Naidu said on Wednesday as he highlighted the potential of the country's fast-growing aviation sector. The Bhartiya Vayuyan Vidheyak Bill 2024, which was passed by the Lok Sabha in August, includes provisions to regulate the design and manufacturing of aircraft, supporting the Aatmanirbhar Bharat initiative for self-reliance.
Air Chief Marshal Amar Preet Singh, an accomplished fighter pilot with more than 5,000 hours of flying experience, on Monday assumed charge as new chief of the Indian Air Force, succeeding incumbent Air Chief Marshal V R Chaudhari.
'At Aero India 2025, be prepared to be inspired, awed, and educated,' says Air Commodore Rohith Vijayadev, Air Officer Commanding Yelahanka. 'Aero India 2025 promises to be more than just an air show; it is a celebration of innovation, collaboration, and India's growing leadership in global defence and aviation,' notes Air Commodore Nitin Sathe (retd).
The Indian Air Force (IAF) has seen a reduction in fighter squadrons due to the phasing out of ageing MiG-21, MiG-23 and MiG-27 aircraft. The Parliamentary Standing Committee on Defence acknowledged the "shortage" and highlighted the multi-pronged approach being taken to address it. This includes the induction of indigenous Tejas fighters and the procurement of additional LCA Mk-1A aircraft. The report also addresses concerns over "incidences of spying" within the IAF and details the action taken against those involved.
HAL, BEL and MDL feature on Sipri's list of the 100 largest arms producers in the world.
These 10 stocks represent the best mix of value and growth, offering relatively low price-to-earnings and price-to-book ratios, a high return on equity, and sufficiently high potential from current levels.
The Enhanced Pinaka has demonstrated a range of 75 km and an ability to strike within 10 metres of where it is aimed. This allows a Pinaka battery to destroy a terrorist camp, or an enemy post, logistics dump or headquarters, without sending soldiers across the border.
The defence ministry said 98 per cent of the total procurement worth Rs 2.23 lakh crore will be sourced from the domestic industries.
Rahul Dravid claimed a strong club cricket culture has a lot to do in breaking the long-standing trend of city cricketers dominating the passage to the national team.
If the index is unable to sustain above 24,500 levels, technically it can then slip to its 200-DMA placed at 23,365 levels.
However, the Maldives government has no intention of removing the doctors from India at Senahiya, a media report said.
The Surya Kiran aerobatic team of the Indian Air Force will perform an air show ahead of the World Cup final in Ahmedabad on November 19.
As order books gain from India's increased capital outlay, some large capital goods and engineering companies are together spending over Rs 11,500 crore in creating new facilities, data shows. Nine engineering and capital goods companies, where data was available, including Siemens, Larsen & Tourbo (L&T) and KEC International, have a combined capital expenditure (capex) of about Rs 11,500 crore or more. Others such as ABB India and Thermax Global are also adding capacities.
Of the 156 choppers, 66 would be inducted by the Indian Air Force while the rest 90 would be acquired by the Indian Army.
President Mohamed Muizzu, known for his pro-China stance, has thanked India for enabling the resumption of medical evacuation services with civilian aviation personnel from India.
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