The 10.5 billion-euro Italian oil major ENI is entering the Indian lubricants market through a technology transfer agreement with a Mumbai-based firm to manufacture and sell various products.
Among the technologies, German technology is superior in submarine and heavy artillery guns.
In a boost to the sagging defence relationship between India and Russia, the two nations on Friday signed a contract for supply of 80 MI-17V-5 medium lift helicopters for the Indian Air Force. Valued at $1 billion, the agreement between the two sides comes at a time when New Delhi and Moscow are squabbling over several defence related deals signed earlier.
Leading global defence planners and financial managers on Monday said India would continue to be a major arms purchaser, but needed to streamline arms spending and procedures to catch up with new trends.
The six 1,500-ton submarines, being bought from France, will be armed with French-made Exocet anti-ship missiles.
'Our strategy should be to 'hold the line' in the north on the Sino-Indian land frontier, but maintain and, if possible, enlarge India's current edge in the maritime south.'
Exim Bank of India Chairman and Managing Director T C Venkat Subramanian revealed that the bank has good exposure in highly export-intensive sectors. The bank has seen considerable increase in loan approvals and profit after tax. It provides financing both in foreign currency and Indian rupees. The bank will push exports from rural areas and explore untapped areas. Subramanian believes microfinancing model was ideal for villages as it reaches the indigenous rural people.
A senior government functionary claimed on Thursday that the average estimated cost of MQ-9B long endurance drones for India would be 27 per cent lower than the price incurred by other countries which have bought it from the US, asserting that it will most likely go further down during negotiations unless India seeks additional features.
Indian small and medium enterprises (SMEs) are set to go global with opportunities flowing in from all corners. After SMEs from Germany and the UK, the US has expressed willingness to invest and explore possibilities of technology transfer to Indian SMEs.
India will also buy specialised armaments worth $ 29 million for special forces to enhance its counter-terrorism capabilities.
Although the pact would focus mainly on the Pacific and the South China Sea region, any action designed to deter China with or without New Delhi's active participation is a welcome move, notes Commodore Venugopal Menon (retd).
The surprise action comes weeks after the broadcaster aired a two-part documentary on the 2002 Gujarat riots and India.
The Supreme Court on Friday extended by two weeks the protection from coercive action it has granted to four members of the Editors Guild of India (EGI) in connection with two first information reports (FIRs) lodged against them in Manipur for allegedly promoting enmity between different groups.
The year 2007 did not turn out to be much different than 2006 in that much of the time was spent on figuring out whether Washington and New Delhi will come to terms with the so-called 123 Agreement that would formalise the Henry J Hyde Peaceful Atomic Energy Cooperation Act that the President George W Bush signed into law in the closing days of 2006.
'When a Project Director is appointed, the whole organization -- including the Chairman ISRO -- works for his success. It is a lesson that has been of abiding value all through the other projects I have worked on,' recalls the late President, one of the earliest pioneers at ISRO.
Parliamentary Affairs Minister Prahlad Joshi has said that 31 bills will be taken up in the monsoon session. Among these include the Digital Personal Data Protection Bill, 2023.
'China will continue to play Pakistan against India to achieve complete superiority. But China at best is a regional power, we must not exaggerate its capabilities,' says nuclear analyst Dr R R Subramanian.
'What's on offer for India is to establish a production line here that would be the world's only production line.'
In a bid to derive benefits of trade and technology transfer, the government on Tuesday decided to ratify two amendments to the Montreal Protocol on protecting the ozone layer from depletion.
There is little appetite among combat aircraft engine makers to share the IP that results from a co-creation project. But Rolls-Royce is willing to walk the Aatmanirbhar talk.
India's growth projection released by the latest World Economic Outlook remains unchanged from its previous WEO (World Economic Outlook) update of July this summer but is a three-percentage point in 2021 and 1.6 percentage point drop from its April projections. According to the latest WEO update, released ahead of the annual meeting of the IMF and the World Bank, the world is expected to grow at 5.9 per cent in 2021 and 4.9 per cent in 2022.
F-16 will be there, (Swedish) Grippen, Mirage 2000 and MiG 29 will be there.
India's sprawling digital public infrastructure received a glowing endorsement from billionaire philanthropist Bill Gates on Wednesday as he praised the country's "great" digital network, reliable and low-cost connectivity, and said this will be the cheapest 5G market. Under the G20 presidency of India, a session on 'Building resilient and inclusive economies- the Promise of Digital Public Infrastructure' was held on Wednesday in New Delhi, where the Microsoft co-founder spoke of India's digital identity Aadhaar, its payment infrastructure, and rapid strides that the country has taken in bringing more people into formal banking system. "India in particular, by laying the groundwork for digital public infrastucture starting with identity system, allows people to build on top of that.
These new coaches are being built at the Rail Coach Factory in Kapurthala under a technology transfer agreement with Alstom-LHB of Germany.
Friday's mission is the fourth operational flight of LVM3 which aims to launch the Chandrayaan-3 spacecraft into a Geo Transfer Orbit.
The government has asked industry to provide a list of Chinese suppliers that would like to shift some capacity to India provided they are willing to set up JVs with Indian companies.
German tyre company Continental is likely to pick up around 30 per cent stake in India's unlisted Metro Tyres Ltd with which it currently has a technology transfer and tyre and tube sourcing arrangement.
