At the floor price, which is lower than Wednesday’s share price of Rs 2625.20 per share on the BSE, the stake sale will be valued at about Rs 2,867 crore.
HAL plans to equip the HLFT-42 with modern avionics like Active Electronically Scanned Array, Electronic Warfare Suite, Infrared Search & Track with Fly by Wire control system.
A study by Swedish think tank SIPRI found that arms sales from companies in Asia & Oceania registered higher sales than European firms, while US manufacturers saw a drop of 0.9 per cent.
Army has issued a statement saying that prior to Friday's crash in Arunachal, the Air Traffic Control received a May Day call suggesting a technical or mechanical failure in the chopper.
HAL is tapping new business opportunities for Light Combat Aircraft Tejas as well as servicing of Su-30 aircraft and Hawk trainer aircraft for the Royal Malaysian Air Force.
India's bilateral trade with Russia during 2020-21 amounted to $8.1 billion. Indian exports totalled $2.6 billion, while imports from Russia came to $5.5 billion
The graduation is meant to bolster the legacy and legitimacy of Sheikh Hasina's Awami League, even as the real-world preparedness lagged behind the glossy narrative.
Indonesia delegation led by Defence Minister Sjafrie Sjamsoeddin visited BrahMos facility & met with top officials & undertook a detailed briefing on the missile system.
It is a brilliant, reasonably priced, and mostly homemade aircraft with a stellar safety record; only two crashes in 24 years since its first flight. But its crash is a moment of introspection.
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