111 light helicopters have to be built indigenously through joint ventures between Indian and foreign firms.
Lockheed Martin is in talks with Infosys Technologies, Wipro, Reliance Industries, the Tata group, Larsen & Toubro and Hindustan Aeronautics to source software services, components and systems.
Developers could not find the model of affordable housing viable as they used same resources for premium projects and due to rise in cement and steel prices.
In contrast to the bare-bones price of $115 million for each Rafale fighter, the F-35A cost $94.6 million, reports Ajai Shukla.
The Indian Air Force has 31 fighter squadrons as against authorised strength of 42 squadrons.
Even after five decades of use, the telescope at Ooty that Dr Govind Swarup designed and built continues to be the largest single frequency radio telescope in the world.
Ajit Mishra, vice president, Research, Religare Broking, answers your stock market queries.
Several hundred Indian firms that manufacture or assemble Rs 10,000 crore worth of aerospace components annually for manufacturers like Boeing, Airbus, Lockheed Martin and Bell Helicopters now face disruptions relating to covid-19.
While home-grown firms like Tata and Mahindra have been actively participating in the government's e-mobility mission, by launching electrified versions of their existing models, the global firms believe electric is not the best solution for a country where the primary source of power generation is coal, and where infrastructure is a big impediment.
Here's a collection of images of the past week.
Headhunters said the demand for foreigner CEOs is coming from companies that have developed a global footprint and sectors which do not have enough talent in the country -- hospitality, insurance, retail and power, for instance. They are meant to fill a need gap and are not just trophies on display.
Finance Minister Nirmala Sitharaman on Tuesday unveiled a Rs 39.45 lakh crore Budget with a view to fire up the key engines of the economy to sustain a world-beating recovery from the pandemic. This was Sitharaman's fourth Budget. While the taxpayers were left in the lurch, once again, was she able to cheer Corporate India?
The 10th edition of the Defence Expo was held in Chennai this year. The event saw more than 25 Indian and global companies participate. Foreign players like Lockheed Martin and SAAB showcased their flagship fighter aircraft and Indian firms like Ashok Leyland, Tata Motors and Hindustan Aeronautics Ltd. had their own line-up of new products. Take a look.
'For Indian firms supplying global majors, coronavirus is both a threat and an opportunity.'
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
"For several months, we've been working with President (Donald) Trump's transition and governance teams and leaders in Congress providing information on our many programmes and potential business opportunities-including the proposed sale of F-16 fighter aircraft to India," a Lockheed official said.
Clearly, he is in the right place, at the right time.
Boeing expects the IAF to soon place an inquiry for twin-engine fighter jets to bridge a 200-aircraft gap in its armoury. And the Super Hornet is ready to fly in.
With average capacity utilisation now touching 76 per cent, Indian companies are going back to the drawing board to add capacity but the plans to build new factories and plants are still some months away.
Given the urgency, the Indian Navy is buying 24 MH-60R Seahawks in flyaway condition, and plans to build another 99 in India through the strategic partnership route.
'It is unfair to look at one decision, one ball out of 600-plus on the day and say that was the reason one team won and one team lost.'
Former US Open champion Del Potro fired down 11 aces and did not face a break point during the one hour, 33 minutes match.
'IndiGo 2018 is a harsh, ultra-lean, mean, zero asset, fighting machine with aspirations of taking on the global long-haul low-cost market.'
Along with HAL, Boeing intends to involve the Mahindra Group in building Super Hornets in India.
Automakers are caught in a chicken-and-egg situation: Prices have to come down if volumes are to increase, and volumes won't increase unless prices come down, notes Pavan Lall.
The United States Citizenship and Immigration Services, the federal agency which receives and determines the successful applications for H-1B visas, said yesterday that it received 199,000 H-1B applications for the 2018 fiscal year.
So, how does Pompeo's check list look like? In a broad sense, he is coming here 'to make sure that we have economic openness'; to ensure that 'we have to deliver'; to understand that 'we have to execute' what we promised to do; and, to 'broach some tough topics', points out Ambassador M K Bhadrakumar.
Through the newly created business vertical Happinest, MLDL will launch two such housing projects in Boisar near Mumbai and Avadi in Chennai.
The growth rate could continue for another seven years.
Increasing the duties on auto parts and putting an additional cess on petrol and diesel could drive up costs of vehicles, specially where volumes are low and localisation is not viable.
69-year-old Milon Sanyal writes about the books his Baba gifted him.
Besides the car's price, fuel efficiency is of utmost importance for buyers as it's a long time recurring expense.
Garbine Muguruza's preparations for next week's Australian Open were thrown into disarray when the world number three pulled out of the Sydney International with a thigh injury on Wednesday.
Indian-American business leaders meet to discuss ways to make this initiative a success.
'Long Distance Running is not merely a sport, it's life's breath.' 'While everyone breathes so they can run, runners run so they can breathe,' says Krishna Kumar.
The Aam Aadmi Party (AAP) has to deal with 3 powerful enemies: the media, the political establishment, and business houses.
We have to move from E-governance to M-governance. M-governance does not mean Modi governance. It means Mobile governance, the PM said.
Will private firms really boost Make in India in the defence sector? Ajai Shukla seeks answers.
A summary of sports events and persons who made news on Thursday.
Amazon committed a fresh investment of $3 billion, in addition to the $2 billion it announced in 2014.
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