Last fortnight, State Bank of India Chairman C S Setty lifted the veil on a subject long spoken of in corporate corridors: Why can't our banks finance mergers and acquisitions (M&As)? Change is in the air: Indian Banks' Association (of which Setty is the chairman) is to "make a formal request" to Mint Road to make way for it. Thus far the exclusive turf of foreign banks even though its funding remains offshore - as in, it's not on these entities rupee-book (and a few select shadow banks) - a most lucrative segment in the investment banking suite, M&As, will be homeward-bound.
Indian astronaut Shubhanshu Shukla stands on the cusp of history as he prepares to set off on a space odyssey, marking India's return to space flight 41 years after his idol Rakesh Sharma orbited the earth for eight days as part of Soviet Union's Interkosmos programme.
In a double-dose bid to boost growth and employment prospects, the Union Cabinet on Tuesday approved a Rs 2.07 trillion outlay for a research development and innovation (RDI) Scheme to fund private sector innovations, and an employment-linked incentive (ELI) to create over 35 million new jobs over the next two years.
'A crucial role in bolstering the Indian Army's firepower by enabling precise and long-range strikes.'
Astronaut Shubhanshu Shukla returns to Earth after an 18-day mission aboard the International Space Station, marking a significant milestone for India's space program and carrying out crucial scientific experiments.
Singh made the remarks while addressing a "CEOs' Roundtable" at the 14th edition of Aero India at the Yelahanka Air Force station complex on the outskirts of Bengaluru.
Sources said of the 13,700 crore, Rs 8,300 crore will be for procuring 118 Arjun (Mk-1A).
Government sources said that since the allegations were of a serious nature, the CBI has been asked to probe.
A cloudburst in the high altitude villages of Dharali in Uttarkashi district of Uttarakhand led to flash floods, causing damage to houses and sweeping away structures. Several people are feared buried under debris.
Nibe Space (NSPL), a subsidiary of Nibe, announced its vision to establish India's first multi-sensor, all-weather, high-revisit Earth observation satellite constellation. Aiming to strengthen India's self-reliance in the strategically crucial defence-space sector, NSPL signed memoranda of agreement with Indian and global partners, including Larsen & Toubro, Centum, AgniKul, Skyroot Aerospace, SpaceFields, SISIR Radar, CYRAN AI Solutions, and Thales Alenia Space as a technology partner.
In the last 11 years, India and the world witnessed what he stood for, what he promised and did not deliver, and what he actually stood for and practised without fearing how history would judge him. Modi's tenure has been punctuated with headline-grabbing decisions, symbolic gestures, and stage-managed moments that continue to define his leadership and India's politics, points out Ramesh Menon.
'An important consideration was that we should always be at the top of the escalation ladder. When we reach a military objective, we should try and put a stop to it'
'The procurement cycle still consumes too much time; little has changed.'
'Tata A&D, when formed, will be better equipped to execute larger and more complex projects and be more globally competitive as part of the global supply chain.'
Excluding the pension outgo, the allocation in the Union Budget for the armed forces stands at Rs 3.62 lakh crore.
India's rich cultural diversity, military prowess, economic progress and the strides it has taken in sectors, such as science and technology, were on full display at the 76th Republic-Day celebrations on Kartavya Path on Sunday, in the presence of Indonesian President Prabowo Subianto.
Its 'failure not just affects the military's effectiveness but could also be politically vulnerable for the BJP,' observes Ajai Shukla.
Lt Gen Ahmed Sharif Chaudhry, the spokesperson for the Pakistan Army, is the son of a nuclear scientist who was sanctioned by the United Nations and the US for providing information and expertise to al-Qaeda, according to Indian officials. Chaudhry's father, Sultan Bashiruddin Mahmood, allegedly provided insights into nuclear weapons infrastructure and raised funds for a fundamentalist organization linked to the Taliban. Mahmood was arrested in 2001 after admitting to meeting Osama bin Laden but was later released.
The flight test fully met all the trial objectives validating complete network centric warfare weapon system, the defence ministry said.
Access to India's defence market must be made conditional -- available only to those who are ready to make a long-term commitment in India, argues Ajai Shukla.
With 40 per cent of defence procurement still coming from abroad, the government on Friday said it is working to boost indigenous manufacturing capacity to reduce dependence on foreign supplies.
In the last three years, 340 defence personnel have been killed inside and outside the country, the Lok Sabha was informed on Tuesday. Defence Minister Arun Jaitley said 27 Indian Army troops have been killed in ceasefire violations across the Line of Control in the last 10 years and 523 such violations have taken place in the past three years.
Ahead of Republic Day, the Indian Army announced on Thursday the addition of two new features to this year's parade: battlefield surveillance systems and a Defebce Research and Development Organisation tableau showcasing Pralay, short-range ballistic missiles.
On Tuesday, November 21, 2023, the Indian Navy in association with the Defence Research and Development Organisation successfully conducted guided flight trials of the first indigenously developed Naval Anti-Ship Missile from a Seaking 42B helicopter.
The defence minister has 20 months to learn the military's ethos, culture and to publicly bat for an organisation that feels increasingly marginalised and underappreciated.
M R Srinivasan focused on the peaceful use of nuclear power at a time when the popular view among the 'hawks' was that India should build a nuclear arsenal as a deterrent.
Distinguished scientist Samir V Kamat was on Thursday appointed as Secretary of the Department of Defence Research and Development and Chairman of the Defence Research and Development Organisation (DRDO), according to a Personnel Ministry order.
The prospects of India becoming a credible manufacturer of defence platforms or major weapon systems for export are remote, says Vice Admiral Premvir Das (retd).
'Pralay' is a 350-500 km short-range, surface-to-surface missile with a payload capacity of 500-1,000 kg. The solid-fuel, battlefield missile is based on the Prithvi Defence Vehicle.
India on Saturday successfully test-fired its interceptor missile off the Odisha coast, achieving a significant milestone in the direction of developing a two-layered Ballistic Missile Defence system.
Most of the scanty 6.35% rise in the defence budget is accounted for by manpower and running expenses.
'Pick up momentum and find opportunities from an intelligence-sharing standpoint.'
The Lucknow-born Shukla, former NASA astronaut Mission Commander Peggy Whitson, Slawosz Uznanski-Wisniewski of Poland, and Tibor Kapu of Hungary are part of the Axiom-4 mission that marks the return to space for the three nations.
A scientist working for the Defence Research and Development Organisation (DRDO) in Pune has been arrested by the Maharashtra Anti-Terrorism Squad (ATS) for providing confidential information to a Pakistani agent, officials said on Thursday.
The Army has now fallen behind the other two services for four years in a row.
Experts said India has possessed the anti-missile technology for several years but needed the political go-ahead to actually test it in live conditions.
The VSHORADS missile is meant for neutralising low altitude aerial threats at short ranges.
'It is typical of China's strategic deception of making virtue out of necessity,' observes Rup Narayan Das.
The Nagpur district court on Monday handed life imprisonment to former BrahMos Aerospace Pvt Ltd engineer Nishant Agarwal under the Official Secrets Act for spying for Pakistan's intelligence agency Inter-Services Intelligence (ISI).
As the DefenceExpo gets underway in Goa, Brigadier S K Chatterji (retd) says the proposed Defence Procurement Procedure 2016 should ensure that the Indian defence industry is on the path to design, develop and make in India.
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