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Aircraft Acquisition Committee

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India to buy 200 BrahMos, MiG 29 engines in Rs 39K cr deal

India on Friday sealed five major defence acquisition contracts worth Rs 39,125 crore including procurement of BrahMos supersonic cruise missiles, radars, weapon systems and aero-engines for MiG-29......

India to buy 200 BrahMos missiles for Rs 19K cr to boost Navy

In a significant move, the Cabinet Committee on Security (CCS) has accorded approval for the procurement of more than 200 BrahMos supersonic cruise missiles and associated equipment for the Indian......

Govt okays maritime aircraft among Rs 84,560-cr defence buy

India on Friday approved defence big-ticket acquisition projects worth Rs 84,560 crore that included procurement of mid-air refuellers, maritime reconnaissance aircraft, heavy weight-torpedoes, air......

India deploys S-400 missile units on China, Pakistan border

With the Indian Air Force having already operationalised three of its S-400 air defence missile squadrons along borders with China and Pakistan, Indian and Russian officials are set to meet soon to......

Purchase of 30 MQ-9B drones okayed, to be announced after Modi-Biden talks

The Defence Ministry on Thursday approved procurement of 30 MQ-9B Predator armed drones from the United States under a government-to-government framework and the nearly $3 billion deal is expected......

Direct listing of firms at GIFT City likely by year-end

The International Financial Services Centre Authority (IFSCA) plans to operationalise the framework for direct listing of companies at International Financial Services Centre (IFSC) exchanges by......

Kingfisher Airlines: IDBI Bank GM conspired with Mallya

A senior IDBI Bank official allegedly conspired with businessman Vijay Mallya for sanction and disbursement of loan to the latter's Kingfisher Airlines, the Central Bureau of Investigation said in......

European cargo airline moves tribunal to acquire 3 Jet Airways aircraft

A European cargo airline has moved the National Company Law Tribunal seeking expeditious acquisition of three Jet Airways B777-300 aircraft. Photograph: Punit Paranjpe/Reuters The application is......

When will Modi's priorities shift to the economy?

'It is almost certainly wrong in assuming that the Modi government will use its strong mandate to undertake some serious reform measures.''For it is fairly clear that the government's priorities......

Zomato gets inspired by Satyajit Ray film

The Gurugram-based company had acquired Lucknow-based drone manufacturer and consultant start-up TechEagle in December, to expand food delivery using drones. In the climax of Satyajit Ray’s......

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