The deal was cancelled a few weeks ahead of Netanyahu's visit to India and its renewal is considered to be a major strategic achievement.
The industry ministry in a recent concept paper proposed raising the FDI cap in the defence sector to 74 per cent.
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 Indian Army has an inventory of over 500,000 items. At any time, the army has to be ready to rapidly deploy resources to various locations at short notice. Improved efficiency can occur with automation- and technology-based processes.
Modi said this 'special invitation' from President Joseph Biden and First Lady Jill Biden for a state visit is a reflection of the vigour and vitality of the partnership between the democracies.
The Indian Navy on Monday unveiled a 15-year plan to boost maritime infrastructure even as Chief of Naval Staff Admiral R Hari Kumar said the force is working with the Army and the IAF to ensure tri-services jointness and integration to meet future challenges.
Any government support or incentive to help exporters deal with high freight and insurance costs is unlikely.
'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.'
Against the backdrop of scams such as the VVIP chopper deal, a new defence procurement policy came into force ay, which aims at enhancing transparency and probity in military purchases and gives first right of refusal to Indian vendors to promote indigenous industry.
In a major development, India is planning to buy 26 Rafale fighter aircraft and three Scorpene class conventional submarines from France.
Lieutenant General Wei Fenghe's, China's new defence minister's, first guest of honour could be his Indian counterpart Nirmala Sitharaman.
French sources say Hollande was motivated to speak out after an Indian media report revealed that the Reliance Group had part-funded a film venture by his domestic partner, French actress Julie Gayet.
Reliance Industries has been eyeing the relatively closed field of defence manufacturing and homeland security for the past year or so. In fact Reliance chairman Mukesh Ambani handpicked Dr Vivek Lall, a former top executive with Boeing last year to lead the company's foray into the sector
One hopes in his next term, Narendra Modi will take up the mission of inculcating respect for following rules in Indians as a mission. Therein lies the chance for India to become a developed country, asserts Colonel Anil A Athale (retd).
Though the government says public and private shipyards compete on equal terms, public shipyards feast at the high table with the defence ministry, with only scraps being tossed to private shipbuilders.
The defence sector is seeing renewed interest by Indian corporates, says Jyoti Mukul
Former IAF chief Bhadauria said this aircraft is "state-of-the-art" and "hugely capable".
'The US and India continue to use their deepening relationship to build new partnerships within and beyond the Indo-Pacific.'
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 firms to legally hire agents, Defence Minister Manohar Parrikar said.
The Mazagon Dock Shipbuilders in Mumbai on Wednesday launched INS Vagsheer, the last of the six submarines under Project 75.
The negotiations on cost and techno-commercial details relating to India's proposed procurement of 26 Rafale-M fighter jets and three Scorpene submarines from France are not yet concluded, sources said on Tuesday.
'The government is just laying foundation stones everywhere.' 'It has hardly inaugurated anything.'
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.'
A peek into the life of a public-sector banker who did well professionally, but paid a price for it, points out Tamal Bandyopadhyay.
Bharat Forge, the Pune-based automotive component maker, has been one of the top-performing companies in its segment. The company's stock price is up 39.3 per cent since the beginning of the 2023 calendar year, surpassing other leading automotive component makers such as Bosch and Samvardhana Motherson International. The stock also outperformed the benchmark BSE Sensex, which is up 17.3 per cent year to date so far.
Jaitley praised the DRDO saying it was "doing quite a lot to meet the requirements of the armed forces but the Services need much more and that will come through domestic industry."
The presence of an engine maintenance, repair, and overhaul (MRO) facility in India could have prevented Go First airline from going "belly up", as sending engines abroad for servicing is not an efficient way to operate a carrier, Piyush Srivastava, senior economic advisor, Ministry of Civil Aviation, said in a statement on Tuesday. On May 3, Go First suspended its flights and filed for insolvency, squarely blaming engine manufacturer Pratt & Whitney (PW) for its cash crunch. The airline claimed that about half of its 54 aircraft were grounded on May 3 due to a delay in the supply of engines by the US-based company. PW has denied the charges.
The C295 is known to be a superior aircraft used for tactical transport of up to 71 troops or 50 paratroopers, and for logistic operations to locations that are not accessible to current heavier aircraft.
It's a different Srinagar from what Rediff.com's Syed Firdaus Ashraf encountered 24 years ago. Tourists throng the Kashmir Valley post-Article 370, azaadi appears dead, and everyone says one man is responsible for this change, so what if his poster is nowhere to be seen.
Thailand expressed interest in the Indian defence industry and its experience and expertise in the field of defence R&D and production. Modi welcomed Thai investments in India in the potential areas under the 'Make in India' initiative, especially in the manufacturing sector, infrastructure development, tourism and hospitality facilities.
Some farmer outfits on Friday threw their weight behind the Central Industrial Security Force (CISF) woman constable who allegedly slapped actor and Bharatiya Janata Party MP-elect Kangana Ranaut, saying the entire sequence leading to the incident needs to be properly investigated.
Prime Minister Narendra Modi on Friday handed over to the armed forces indigenously-developed light combat helicopters, unmanned aerial vehicles and electronic warfare systems for the warships, in reflection of India's focus to boost its domestic defence industry.
"We work with other countries to develop their capabilities and support their efforts to make free sovereign choices. More broadly, we aim to advance peace and stability in the region," he asserted.
Prime Minister Narendra Modi on Tuesday met business leaders to hear their grievances on issues ranging from high capital cost to ease of doing business to certainty on taxation matters, as he interacted for the first time with the Indian industry chambers since taking charge over a year ago.
The Airbus C-295 can carry up to 71 troops, or 50 paratroopers with battle loads. It can ferry supplies to locations inaccessible to the IAF's heavy transport fleet.
The first C-295 aircraft was inducted into Squadron No. 11 of the IAF. It is one of the oldest squadrons of the Indian Air Force (IAF) and is currently based at Vadodara Air Force Station.
French Foreign Minister Laurent Fabius on Tuesday called on Prime Minister Narendra Modi and discussed ways to strengthen cooperation in key areas such as defence, trade and investment with India expressing keenness on setting up industrial bases for it to boost ties.
The first state visit of Prime Minister Narendra Modi to the US is likely to be a defining moment for Indo-US relationship and both sides are working on a robust outcome document that may take up matters that would decide the contour of the bilateral ties for decades to come, according to people familiar with the planning of the high-profile trip.
Once deployed and operational, it will be used to support the satellite imagery requirements of various agencies within the government of Singapore.
In a mega-contract worth over $1.6 billion, state-owned Israel Aerospace Industries will provide advanced medium-range surface-to-air missile systems to the Indian Army.
