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India to make its own GSLV-Mk III and SSLV: DoS

The Department of Space (DoS) plans to realise entirely-built rockets -- GSLV-Mk III and SSLV -- from Indian industry partners, in addition to PSLV, according to a top official of its commercial......

MoD signs Rs 2,580 cr deal for Pinaka rocket launchers

In a big boost to the 'Make in India' initiative, the defence ministry has signed contracts worth Rs 2,580 crores with Indian companies to supply six army regiments with Pinaka missiles. The......

HAL wants private firm to build Dhruv chopper

A large Dhruv order could significantly boost Indian defence exports.These have grown from Rs 1,940 crore in 2014-2015 to Rs 10,745 crore in 2018-2019.Ajai Shukla reports. IMAGE: The Dhruv......

India to buy Russian S-400 Triumf air defence missile systems

Ahead of Prime Minister Narendra Modi's visit to Russia, defence ministry's top acquisition council on Thursday cleared the purchase of an estimated Rs 40,000 crore Russian S-400 Triumf air defence......

Parrikar changes the rules, to allow agents in defence deals

The government is open to reviewing all cases of blacklisted defence firms on merit and has partially lifted a ban on Tatra trucks as it prepares a new policy that will allow foreign defence......

Loss-making PSUs more attractive for buyers after I-T tweak

Investor must retain at least 51% stake to take the benefit. Illustration: Uttam Ghosh/Rediff.com The government has tweaked the income tax laws to make it easier for the new owners of loss-making......

Fear of unknown grips govt's privatisation plan

The divestment target of 2021-22 has been set at Rs 1.75 lakh crore as against Rs 32,835 crore garnered in the last fiscal. Illustration: Dominic Xavier/Rediff.com With the disruption caused by......

Govt earns Rs 32,835 cr from disinvestment in FY21, targets Rs 1.75L cr in FY22

The government has mopped up Rs 32,835 crore from CPSE share sale and buybacks, thus exceeding the disinvestment target set in the revised estimates (RE) for the current fiscal. Illustration:......

Analysts bullish on PSU stocks on divestment hope

The divestment process, however, will not be an easy affair as there are multiple stakeholders, including the employee unions, whose concerns will have to be addressed. IMAGE: TMC's member of......

Govt set to divest stake in defence PSUs Garden Reach, Mishra Dhatu

Govt has 74.5 per cent stake in Garden Reach Shipbuilders, and 74 per cent in Mishra Dhatu. Illustration: Uttam Ghosh/Rediff.com The government is set to divest its shareholdings in defence PSUs,......
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