Trump said Raytheon was ‘least responsive’ to needs of US military. Raytheon makes Excalibur ammunition for M777 guns & Javelin anti-tank missile—both in use with Indian Army.
The Kremlin has raised the issue on at least two occasions, including during a July meeting between Russian Foreign Minister Sergei Lavrov and his Indian counterpart.
SSS Defence not only bags contract to supply .338 Lapua Magnum calibre sniper rifle, but also deals to deliver nearly USD 50 million worth of ammunition to multiple friendly countries.
NSA Ajit Doval met with US counterpart Jake Sullivan at 2nd meeting of initiative on Critical and Emerging Technology. Other areas of collaboration include space, biotechnology, AI.
Russian artillery have been pounding the last routes out of the city but Wagner mercenary force leading the assault have said troops are being deprived of ammunition by Moscow.
The entry of PSUs into mega tender ‘reserved’ for private industry is a symptom of continued protectionism. It’s a challenge the government has to tackle.
Govt release credits minister Sitharaman for promoting Make in India in defence sector; ministry sources say this could be because ‘final version’ has now been approved.
Regulator seeks feedback on allowing firms to repurchase shares via exchanges after tax changes, as markets reel from war-led selloff and foreign outflows.
China patiently invested capital, skill and technology in coal gasification. Unlike it, we won’t move from words to action. As crude prices decline, we lose interest.
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