Recently, the government relaxed foreign direct investment (FDI) norms for the space sector by allowing 100 per cent FDI in manufacture of components, systems or sub-systems for satellites, ground segments, and user segments. It also permitted 74 per cent FDI in satellite manufacturing and operation as well as satellite data products and 49 per cent in development of launch vehicles and spaceports. Following this, stocks of related companies saw an uptick on the bourses.
The Defence Research and Development Organisation (DRDO) has prepared the design of the aircraft while HAL is producing the engine and other parts.
I-League champions Salgaocar registered their first victory in the 33rd Federation Cup football tournament, trouncing Hindustan Aeronautics Limited 4-0 in Pune on Tuesday.
Stocks of public sector undertakings (PSUs) have been on fire in the past year as investors cheered an improvement in key operating metrics and embraced counters of these state-owned enterprises, analysts suggest. The S&P BSE PSU Index has gained over 90 per cent in the past year, rising much higher than the S&P BSE Sensex, which has rose nearly 19 per cent during this period, according to ACE Equity data. The BSE PSU Index, reports show, has delivered a compound annual growth rate (CAGR) of 28 per cent (including dividends reinvestments) over five years and risen by almost 60 per cent in the past year.
State-run Israel Aircraft Industries on Wednesday signed an international marketing agreement for a light helicopter made by India's Hindustan Aeronautics Ltd.
East Bengal lifted themselves up from a gloomy first-half and fired two late goals to blank HAL, Bangalore in their return leg I-League fixture at the Yuba Bharati Krirangan in Kolkata on Saturday.
HAL helicopters will be equipped with an 'Obstacle Avoidance System' that warns pilots of any obstacles in their flight path.
HAL defied form and name to upset former champions Dempo 4-2 to move out of the I-League's relegation zone and stay afloat for the next season.
Identifying Hindustan Aeronautics Limited as its "'main partner' in the multirole combat aircraft deal, France's Dassault Aviation today said it will set up a joint venture company with Reliance Industries to work on the $10 billion Rafale project.
The agreement with HAL is irrespective of the decision made by Indian Navy whether to go for Hawkeye or not.
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.
The plane went up in flames as it crashed with an explosion and thick smoke billowed from the spot, leaving passersby and residents living around the airport in a shock.
The pact is significant as India has been sourcing its military jets from Russia and European consortia.
The Hindustan Aeronautics Ltd is pushing for exports of its flagship helicopter Dhruv to Chile with an aim to make an entry into the South American market.
Under a memorandum of understanding signed in New Delhi by Jim Albaugh, President of Boeing Integrated Defence System and HAL Chairman Ashok K Baweja, the Indian defence PSU, will manufacture subsystems for Boeing's wide range of fighter planes like F-15, F-18 Super Hornetts and Apace Helicpoters.
United States President Joe Biden and Prime Minister Narendra Modi are expected to make meaningful advancements on the GE jet engine deal and civil nuclear technology during their bilateral talks, National Security Advisor Jake Sullivan was cited in a Reuters report.
The CBI had registered a preliminary enquiry in 2016 which was later converted into a regular case, they added.
Children, women and men lined up the streets of Bengaluru as Captain M V Pranjal's cortege made its way on the final 23 km journey from his home to the crematorium.
HAL, which finished third in the second division last year, were promoted after Tata Football Academy withdrew from the premier division.
The opening match will be followed by Kolkata giants East Bengal taking on Mumbai's Air India in the 27th Federation Cup.
However, the Maldives government has no intention of removing the doctors from India at Senahiya, a media report said.
Stocks of defence-related companies have been firing on all cylinders on the bourses in calendar year 2023 (CY23). Shares of Hindustan Aeronautics (HAL), Bharat Electronics (BEL), Bharat Dynamics (BDL), Data Patterns, MTAR Tech, Cochin Shipyard and GRSE have rallied in the range of 21-96 per cent so far this year. By comparison, the BSE Sensex is up 8 per cent. The gains have been sustained on the back of robust export opportunities, a healthy project pipeline and the government's continued push for local manufacturing and indigenisation of defence equipment.
A spate of recent orders under the Indigenously Designed Developed and Manufactured (IDDM) category have led to investor focus on defence stocks. Actually, the defence index has been an outperformer for a long while with public sector undertakings (PSUs) like Hindustan Aeronautics (HAL), Bharat Electronics (BEL), Bharat Dynamics (BDL), Garden Reach Shipbuilders Engineers (GRSE), Cochin Shipyard and Goa Shipyard being beneficiaries of the policy.
The defence ministry billed the 615-acre factory as India's largest helicopter-manufacturing facility and it has been planned as a one-stop solution for the country's chopper requirements.
Taking potshots at the prime minister, Gandhi said he should stop talking about the past and start doing his work.
In the wake of the accident off the Mumbai coast two days ago, the defence forces have halted the operations of the Advanced Light Helicopter (ALH) Dhruv till the time investigators find the reason for the incident and precautionary checks are carried out.
India will replace its military personnel operating three aviation platforms in the Maldives with 'competent' Indian technical personnel even as New Delhi asserted that it remained an important development partner of the island nation.
I hope those who underestimate Rajeev Chandrasekhar will be proved wrong in this fight for Thiruvananthapuram's future, notes Rajeev Srinivasan.
Scenes from day two of the Opposition conclave in Bengaluru on Tuesday, July 18, 2023.
Bengaluru-headquartered HAL plans to produce more than 1,000 helicopters in the range of 3-15 tonne with a total business of more than Rs 4 lakh crore over a period of 20 years at this facility in Gubbi taluk, officials said.
Under the deal signed in Moscow last month during Indian Defence Minister A K Antony's visit, HAL will supply large components to Russia's Irkut Corporation for assembling the airframes of Su-30MK fighters. The Russian firm is working on Indian, Malaysian and Algerian export orders.
The pilot ejected safely and a court of inquiry has been ordered to ascertain the cause of the accident, the IAF said in a brief statement.
According to HAL, "this is the biggest ever order that HAL has placed on any Indian company boosting 'Atmanirbhar Bharat' campaign."
The defence ministry said 98 per cent of the total procurement worth Rs 2.23 lakh crore will be sourced from the domestic industries.
'Just because of my background and poor academic qualifications, most people disbelieve what I have done.'
The contracts for the procurement of the platforms and weapons systems were signed in the presence of Defence Minister Rajnath Singh and defence secretary Giridhar Aramane, under whose guidance these deals fructified, an official readout said.
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.
Scoop seems like they conclude he is but Vaihayasi Pande Daniel recommends that you watch the film to find out for yourselves.
HAL is poised to sell the Philippines at least seven Dhruv Advanced Light Helicopters and eight Dornier 228 aircraft for Rs 30 billion, reports Ajai Shukla.
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