The decision to procure the fleet was taken at a meeting of the Cabinet Committee on Security (CCS) chaired by Prime Minister Narendra Modi, Defence Minister Rajnath Singh said.
He said the NDA's work culture was different from that of the previous governments.
'The equipment that you make for us must be the best in the world so that it complements the Indian soldier who is without doubt the very best in the world.'
'We see mid-and small-caps as a real pot of gold.' 'From a 10-15 years perspective, mid-and small-cap are likely to outperform the larger index, as they have done in the past.'
It is time the political leaderships in this country arrived at a common ground over issues of foreign and security policy concerns. There has to be a greater communication between the government and the Opposition leaderships for the nation to present a unified face against the rest of the world, advises N Sathiya Moorthy.
The $10.5 billion arms and equipment deal helped to arrest the recent drift in the 'special and privileged' strategic partnership, observes Brigadier Gurmeet Kanwal (retd).
The defence sector is seeing renewed interest by Indian corporates, says Jyoti Mukul
'Similar to the case of the digital payment system where the government created a public platform and others joined in, we are exploring a similar structure to create a PPP platform where the compute required for AI could be accessed by the small player.'
Distinguished scientist and Director of Defence Research and Development Laboratory (DRDL), K Jayaraman said Bharat Dynamics Limited, a public sector undertaking under the Ministry of Defence, is currently producing 50-60 indigenously-developed Akash missile per month.
According to an Andhra government statement, Naidu 'reposed confidence' in the PM's leadership.
The hike in the budget is the lowest increment in recent years apparently due to the heavy disruption caused to its economy by the COVID-19, according to the official media.
The change in Mohammed Siraj's fortunes has played a critical role in Royal Challengers Bengaluru's late surge in IPL 2024, and the pacer's good run might also have put the Indian thinktank at ease ahead of next month's T20 World Cup.
India on Thursday dismissed China's objection to the joint Indo-US military exercise near the Line of Actual Control in Uttarakhand's Auli, saying it did not give a veto to third countries on these issues.
The five-day event will include aerial displays by aircraft and helicopters along with a large exhibition and trade fair of aerospace and defence companies.
The PM's vision of a lean, agile, mobile and technology driven force requires more than 1.7 percent of GDP that it now gets.
India had invited United States President Joe Biden to grace the occasion but he expressed inability to travel to New Delhi in January.
From the seas to the stars, this partnership will now be deepened by the defining role of technology, the statement said.
United Kingdom-headquartered pharmaceutical giant AstraZeneca (AZ) has admitted that in 'very rare cases' its Covid vaccine can cause a blood clot related side effect but the causal link is unknown, according to court papers being quoted in the UK media.
Several players across the continent are poised to make a name for themselves on the international stage.
The private sector's new project announcements in the quarter ending March were among the highest on record. The value of new private sector project announcements for the three months ending March 2024 was Rs 9.8 trillion, shows data from tracker Centre for Monitoring Indian Economy (CMIE). This is the second-highest on record in data going back to 2009.
Expecting the Indian defence market to grow to $10-15 billion over the next decade, US aerospace firm Boeing on Friday said it was looking to sell different aircraft and equipment, besides cooperate with local firms on production front
After bumbling for years since 2014, the Modi government seems to believe that massive government expenditure will lead us to prosperity supported by 'seat-of-the-pants' decision-making, observes Debashis Basu.
Defence Minister Nirmala Sitharaman and her American counterpart James Mattis reviewed ongoing initiatives to further strengthen bilateral defence cooperation.
The Israeli Defence Forces (IDF) on Wednesday said it was carrying out strikes in Lebanon in retaliation to the attack on its border with anti-tank guided missiles, The Times of Israel reported.
Singh said the warship's commissioning will boost India's maritime power.
The biggest bounce is in the realty sector, where the industry index jumped 80%. There's been a turnaround also in automobiles and ancillaries (up 45%). The pharma and health care indices have a welcome return of roughly 35%.
The Ministry of Defence has decided to retain decades-old barriers against allowing India's private sector a meaningful role in defence production. Minister of State for Defence Production MM Pallam Raju has revealed that the MoD had scrapped its plan to nominate leading defence players from the private sector as Raksha Udyog Ratnas (RuRs), or Champions of Defence Industry, thus granting them the same status as Defence Public Sector Undertakings (DPSUs) and Ordnance Factories
President Droupadi Murmu on Saturday conferred Bharat Ratna, the country's highest civilian honour, on former prime ministers P V Narasimha Rao and Chaudhary Charan Singh, agriculture scientist M S Swaminathan and two-time former Bihar chief minister Karpoori Thakur, posthumously at a ceremony held at the Rashtrapati Bhavan in New Delhi.
'I found it unbelievable that L&T said 45,000 jobs were waiting to be filled because of unavailability of suitable skillsets.' 'So, when the Opposition sweepingly says there are no jobs, I'm sorry... I'm not saying it's raining jobs, but there are jobs. The (skill) gap has to be bridged.'
Speaking at a joint press event with Macron, Modi, who is in Paris on a two-day official visit, said a roadmap to strengthen India-France strategic ties over the next 25 years was being prepared with bold and ambitious goals on the anvil.
Reliance Defence Limited and Russia's leading developer and manufacturer of Air Defence Missile Systems 'AlmazAntey' have decided to work jointly on the entire range of Air Defence Missile and Radar Systems that are required for Indian defence forces.
Members of his team and industry were right now in India, US Defence Secretary Ash Carter disclosed, 'looking at the potential co-production of fighter aircraft.'
'From our survey we found that there was a problem in the agricultural sector and drones could solve the problem.'
The Air Force will see its funding slashed, endangering its plan to buy 126 French Rafale medium multi-role combat aircraft.
India and the US have settled the last trade dispute at the World Trade Organization (WTO) over poultry products, according to a joint statement released on Friday. With this, the two countries have mutually resolved all the seven pending trade disputes at the WTO. "The leaders lauded the settlement of the seventh and last outstanding WTO dispute between India and the United States.
Finance Minister Nirmala Sitharaman on Thursday announced a Rs 11.11 lakh crore spending on infrastructure and vowed to continue reforms as she resisted resorting to populist measures in Modi government's last Budget before general elections, instead choosing to stay on the path of cutting deficit while bolstering measures for focus groups.
One of the high points of the proceedings was when Indrani Mukerjea's lawyer smartly utilised Dr Zeba Khan's expert status to pose her A Most Curious Question. He asked her if a skull can grow new teeth, even after the person, who it belonged to, had died, three years before. We can be sure that the discrepancy between the number of teeth discovered in the skull unearthed in 2012 and the skull shown in court in September 2019 will come up soon in Courtroom No 51. Vaihayasi Pande Daniel reports from the Sheena Bora Murder Trial.
Telugu star Varun Tej's first pan-India film Operation Valentine will release on March 1.
'...which is possible through flexicap and multicap funds.' 'The latter has a better balance between large, mid and smallcap stocks.'
The Indian Air Force, in particular, has grown from a very modest beginning just about 90 years ago, to being "one of the most formidable air forces in the world", the IAF chief said.
