The last year has seen public sector undertakings (PSUs) outperforming the Nifty50, albeit by a small degree. But PSU valuations are still, on average, less than half of private sector peers at price-to-equity or PE 8.7x for the Nifty PSU Index versus 20.9x for the Nifty50. There are several reasons for lower valuation.
Prominent in the DRDO's display are several artillery guns, armoured vehicles and tanks that underline a measure of success in developing these key weapons platforms for the army. Here are three systems that are headed for success.
Air Chief Marshal Bhadauria said the recent induction of Rafale jets along with previous acquisitions of C-17 Globemaster aircraft as well as Chinook and Apache helicopters have provided the IAF with substantial tactical and strategic capability enhancement.
The Indian Navy has inducted two more Poseidon 8I maritime reconnaissance and anti-submarine warfare aircraft, in a boost to its surveillance capabilities in the Indian Ocean in the face of China's increasing forays into the region.
The United States on Sunday shot down another unidentified airborne object in its airspace, a day after it brought down a similar 'cylindrical' object over Canada.
The sources said the talks are focused on sorting out certain issues relating to cost component, weapons package and technology sharing.
Prime Minister Narendra Modi on Friday handed over to the armed forces indigenously-developed light combat helicopters, unmanned aerial vehicles and electronic warfare systems for the warships, in reflection of India's focus to boost its domestic defence industry.
Tata Boeing Aerospace inaugurated its facility to produce fuselages for the AH-64 Apache helicopter in Hyderabad.
Former President A P J Abdul Kalam had once cancelled his visit to the Rashtriya Swayamsevak Sangh headquarters in Nagpur for an event after friends warned him that he would be labelled as an "RSS sympathiser", claims a new book, Kalam: The Untold Story.
The procurement is expected to signal a major upswing in India's strategic ties with the Philippines which has been focusing on ramping up its naval prowess in the face of its lingering friction with China in the South China Sea.
The constitution of both countries begins with the "three words -- We the People -- as President Biden just mentioned", said Modi, who is on his first state visit to the US.
The Army is looking at procuring the LUHs and LCHs to replace its ageing fleets of Cheetah and Chetak helicopters.
An industrial house bred in old-school manufacturing values, Godrej & Boyce has displayed unusual agility to become a trusted builder of advanced weaponry, discovers Ajai Shukla.
There were speculations that the venue for the mega event may be shifted.
The Eknath Shinde-led Maharashtra government has come under fire following the Centre's announcement that Tata-Airbus C-295 transport aircraft project would be set up in Gujarat, with the opposition seeking to know why the project that was supposed to come up in Maharashtra went to the neighbouring state.
United States President Barack Obama has condemned deadly shootings in Canada and offered assistance in the wake of the attacks in Ottawa that left 1 soldier dead.
The French minister also referred to India's planned induction of a second aircraft carrier and indicated that France will be interested in supplying the carrier-based jets.
The Defence Ministry on Friday inked a nearly Rs 20,000 crore contract with Airbus Defence and Space of Spain to procure 56 C-295 medium transport aircraft which will replace Avro-748 planes of the Indian Air Force.
The company will raise $1.8 billion for the under construction and contracted portfolio of 12 GW, which includes the country's first manufacturing-linked solar power plant of 8 GW.
The Navy commander also said that as many as 39 naval ships and submarines are currently being constructed in various Indian shipyards that are expected to significantly boost India's maritime prowess.
In any conflict with China, the unmanned BrahMos could be advantageously used in the opening stages for pinpoint strikes on heavily defended targets -- such as air bases, headquarters, key roads and railways or logistics dumps -- which are too dangerous for manned fighter aircraft to attack.
Its association with India is over 70 years old and spans both civil and military aviation. The Douglas DC-3 transport aircraft used by the air force beginning the 1940s and the iconic Boeing 747 aircraft flown by Air India, both had Pratt & Whitney (P&W) engines. The Indian Air Force's present-day, heavy-lift C-17 Globemaster III and the yet-to-be-inducted C-295 planes, too, have P&W power plants.
An internal document shows Dassault Aviation considered Reliance offset deal as a 'trade off' to clinch Rafale deal'.
The 2+2 was attended by Secretary of State Antony Blinken and Secretary of Defence Lloyd Austin and their Indian counterparts S Jaishankar and Rajnath Singh respectively.
French government said French companies have the full freedom to select Indian firms for the deal.
China on Thursday declined to comment on reports that the debris of its Long March 5B rocket, which last week launched the core module of the country's space station, is set to re-enter the earth's atmosphere this weekend, amid concerns that it could cause damage if it crashes in civilian areas.
'We must understand that the LAC is a political issue for China, so any action on the LAC will keep India focussed on the LAC which gives China the opportunity for any adventurism in the Indian Ocean.'
Days after completing a $6.5 billion acquisition of Ambuja Cements and ACC, billionaire Gautam Adani said his group has planned to double cement manufacturing capacity and become the most profitable manufacturer in the country. He saw a multifold rise in cement demand in India on the back of record-breaking economic growth and the government's infrastructure creation push, which will give significant margin expansion. In a speech made at an event to mark the completion of the acquisition on September 17, the Adani Group founder and chairman said the ports-to-energy conglomerate has in a single stroke become the second largest cement manufacturer in the country.
The Rafale maritime fighter aircraft on Monday demonstrated its operational capability at a naval facility in Goa as the Navy plans to acquire a fleet of combat jets for its indigenous aircraft carrier (IAC) Vikrant, people familiar with the development said.
Maritime resources will be key to sustained growth and development of nations across the Indian Ocean Region (IOR) in the ongoing century, he said delivering his keynote address at the IOR Defence Ministers' Conclave held on the margins of Aero India-2021, India's premier defence and aerospace show.
Reaching out to present and former employees of the defence PSU at an interaction with them, Gandhi said, work done by HAL for the country was tremendous and the country owed debt to it for "protecting us" and creating a scientific vision.
Macron, who assumed the presidency in May 2017, emphasised that this is a government-to-government discussion and "this contract is part of a broader framework which is military and defence" coalition between India and France.
On Thursday, five Rafale fighter jets touched down at Haryana's Ambala after covering a distance of nearly 7,000 km to join the IAF.
The army, air force and navy will all benefit from the defence ministry's approval of 'Make in India' equipment.
The Indian Navy plans to acquire a sizeable number of unmanned aerial and underwater platforms in the next few years to significantly ramp up its surveillance capability in the backdrop of China's increasing forays into the Indian Ocean region, people familiar with the development said on Sunday.
It is learnt that the Chinese JF-17 was cheaper but could not match the technical parameters of the Tejas Mk-IA variant and the offer of maintenance of the Su-30 fleet as proposed by India.
'We would like to develop Andhra Pradesh into a logistics hub not only for India, but also for South Asia.'
IT services firm HCL Technologies on Friday reported a 16.7 per cent increase in net profit at Rs 2,014 crore for the quarter ended September 2016.
Here's the full text of Prime Minister Narendra Modi's address to a joint session of the United States Congress, delivered on Thursday.
India has already deployed a sizeable number of the original BrahMos missiles and other key assets in several strategic locations along the de-facto border with China in Ladakh and Arunachal Pradesh.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances