Stocks of defence firms surged in past few yrs, by over 1,000% in some cases, driven by narrative that they would gain from govt’s domestic procurement push. Now, those stocks are tanking.
Project is being processed through Make-I procedure, which involves govt funding of up to 70% of the project with the rest being put in by selected firm or firms.
EP or emergency procurement power was extended to Army, Navy and Air Force. In case of Army, EP has been instrumental in capital procurement through 140 schemes across 4 tranches.
PM Modi visits France next week for Bastille Day. Talks between NSA Ajit Doval & the diplomatic adviser to French President, Emmanuel Bonne, part of preparations for Modi’s visit.
The first ‘made-in-India’ C-295 will be rolled out in 2026 and the entire order is slated to be completed by 2031, at the rate of eight aircraft per year.
Under emergency powers, which were first given to the forces after 2016 Uri attack, the three services can on their own ink contracts worth Rs 300 crore each.
Defence ministry gives nod for capital acquisition under new category of Buy Indian-IDDM. HAL emerges big winner as Navy proposals constitute more than Rs 56,000 cr.
Rather than be perturbed by the controversy surrounding the Rafales, the Modi government should quickly move in and decide on more fighters for the Air Force.
Nepotism seems to have been a concern in Uttaramerur elections. That's why the drawing of ballots was done by a child and executives' relatives were banned from being elected.
New bill aims to fix key issues with IBC 2016, including delays & patchy implementation, and protect creditors, with window for genuine promoters to retain control of their companies.
Billed as the military’s own version of Raisina Dialogue, the event will spotlight on tech-driven warfighting, lessons from Operation Sindoor and release of three new doctrines.
Now that both IAF and PAF have made formal claims of having shot down the other’s aircraft in the 87-hour war in May, we can ask a larger question: do such numbers really matter?
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