JOINTNESS AND INTEGRATION
Revenue growth to be quite significant for next 2 financial years: Saurabh Gupta, Dixon Technologies
I do not want to give you guidance on any number, but clearly the order book looks extremely healthy, not only across mobile vertical which is the largest trigger for our growth, I think so even IT hardware opportunities looking very promising.
Three Theatre Command bases identified, Military Affairs Dept working to integrate forces for future wars
Prime Minister Narendra Modi confirmed progress on creating Theatre Commands as the Defence Ministry selected Lucknow, Jaipur, and Thiruvananthapuram as headquarters locations. The Department of Military Affairs, led by Chief of Defence Staff Genral Anil Chauhan, is working on over 150 integration points among the services for future multi-domain warfare. The plans include setting up Western Theatre in Jaipur, Northern Theatre in Lucknow, and Maritime Theatre in Thiruvananthapuram to address threats and enhance joint culture and work ethic.
As North Korean and Chinese threats rise, US looks to lock in defense partnerships with Asian allies
The United States concluded its inaugural multidomain exercise with Japan and South Korea in the East China Sea, marking a milestone in strengthening regional security alliances. Dubbed Freedom Edge, the exercise focused on enhancing joint capabilities in missile defense, anti-submarine warfare, and surveillance amid escalating threats from North Korea and China. Despite geopolitical tensions, the drills aimed to foster interoperability among allied forces, crucial for coordinated responses to regional challenges. The exercises underscore efforts by the Biden administration to solidify partnerships amidst growing military dynamics in the Indo-Pacific region.
Volkswagen's $5 billion investment in Rivian boosts EV maker's shares
Rivian secures vital funding through Volkswagen's investment, enabling the launch of new EV models. The partnership signifies a significant step towards technological advancement and financial sustainability in the competitive electric vehicle market.
Chief of Air Staff urges prioritisation of modernisation for India's armed forces
Chief of Air Staff Air Chief Marshal VR Chaudhari emphasized the critical need for India to invest in modernizing its armed forces amid evolving security challenges during the Capstone Seminar organized by the Indian Air Force, the College of Air Warfare, and the Centre for Air Power Studies. He highlighted India's strategic culture, the importance of strategic partnerships, boosting indigenous defense production, and adopting a comprehensive approach to security in facing multifaceted challenges.
India, Bangladesh reiterate commitment to free, open, inclusive, secure and rules-based Indo-Pacific
India and Bangladesh have reaffirmed their commitment to a free, open, and rules-based Indo-Pacific region. They will co-lead the Disaster Risk Reduction and Management pillar of the Indo-Pacific Oceans Initiative (IPOI). The joint statement from Prime Ministers Modi and Hasina emphasized cooperation on disaster resilience, climate impact mitigation, and regional integration under BIMSTEC, SAARC, and IORA. They plan to enhance trade, investment, and connectivity, negotiate a Comprehensive Economic Partnership Agreement (CEPA), and strengthen defense ties.
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How the Gulf became integral part of India's 'extended neighbourhood' under PM Modi
Earlier, the relationship was focused only on energy, trade and Indian expatriates. That relationship has now evolved into a new framework encompassing political relations, investment, and defence and security cooperation.
IOC, GPS Renewables form joint venture for sustainable energy solutions
Indian Oil Corporation (IOC) partners with GPS Renewables Pvt Ltd to establish a joint venture dedicated to advancing biofuel adoption in India.
CDS Gen Anil Chauhan releases joint doctrine for cyberspace operations
Chief of Defence Staff Gen Anil Chauhan has unveiled a joint doctrine for conducting cyberspace operations by the three services of India, aiming to streamline operations in the key domain. The doctrine emphasizes understanding military aspects of cyberspace operations and provides conceptual guidance for military planning and achieving desired objectives.
80 countries at Swiss conference agree territorial integrity of Ukraine must be basis of any peace
Eighty countries have called for the "territorial integrity" of Ukraine to be the basis for any peace agreement to end Russia's two-year war. The joint communique capped a two-day conference at the Burgenstock resort in Switzerland, marked by the absence of Russia, which was not invited. About 100 delegations, mostly Western countries but also some key developing nations, were on hand for the conference. The final document focused on issues of nuclear safety, food security, and the exchange of prisoners.
Minda Corp joins hands with Taiwan firm to locally produce sunroof for PVs
HSIN Chong Machinery Works Chairman Roger Hsi said the company is looking forward to collaborate with Spark Minda to expand its footprint in India's growing vehicle market to develop and manufacture innovative integrated automotive sunroof and closure systems for next-generation vehicles.
India rejects references to Jammu and Kashmir in China-Pakistan joint statement
India has firmly rejected unwarranted references to the Union Territory of Jammu and Kashmir in a joint statement by China and Pakistan. The Ministry of External Affairs (MEA) emphasized that Jammu and Kashmir, along with Ladakh, are integral parts of India, and no other country has the right to comment on their status. India also opposed references to the China-Pakistan Economic Corridor (CPEC) in territories under Pakistan's illegal occupation. The rejection underscores India's commitment to defending its territorial integrity and sovereignty amid ongoing tensions with China and Pakistan.
South Korea, US work on joint strategy over North nuclear threat
Senior South Korean and U.S. defense officials met in Seoul to discuss new guidelines for coordinating their response to potential nuclear threats from North Korea. The guidelines focus on maintaining a "credible and effective" nuclear deterrence policy and posture. The meeting follows last year's summit where the U.S. promised to share more nuclear planning information with South Korea. The next meeting will be held in Washington later this year.
India a big aviation market; good to have stronger Lufthansa-Air India partnership: Star Alliance CEO
CEO Theo Panagiotoulias highlights the importance of a strong partnership between Air India and Lufthansa within the Star Alliance to offer a unique value proposition for passengers in the Indian aviation market.
Brakes India forms JV with Japanese firm for advanced braking products
Brakes India and ADVICS announced a joint venture to develop and manufacture advanced braking products for the Indian light vehicle market, investing Rs 500 crore over three years. The partnership will focus on Electronic Stability Control (ESC) and leverage strengths in technology, localisation, and manufacturing processes. Products will initially target hybrid and electric vehicles, with plans to supply to the Indian market.
Mukesh Ambani's fintech juggernaut starts rolling: The road ahead
Ambani's latest fintech business under Jio Financial Servics Ltd (JFSL) aims to ride on extensive consumer network as well the data Reliance has acquired. The tracks that consumers leave while shopping and using Reliance products and services will form a strong databank for JFSL.
"Not in favour of CPEC": India reiterates its stance on PoJK
MEA spokesperson reaffirms India's claim on Jammu and Kashmir, opposes CPEC. Pakistan and China strengthen CPEC cooperation. Baloch activist raises human rights concerns at UN regarding CPEC impact on Balochistan.
NSA Doval suggests jointness among central armed police forces
India's National Security Advisor Ajit Doval has said that the country's economic progress would have been faster if its borders had been more secure and defined. Doval highlighted that the country's power has grown immensely in the last decade, and that border guarding forces must remain on alert 24/7 to protect national interests and the country. He also highlighted the importance of borders as they define sovereignty.
After Israel defense, US eyes to entice Gulf allies on missile shield
The United States aims to advance a regional missile shield goal through defense meetings in Riyadh. This comes after Israel's successful defense against Iranian missiles. Gulf allies' confidence in U.S. defense support is uncertain, with doubts on defense integration. The May 22 U.S.-Gulf Cooperation Council meeting will address challenges including Yemen's Houthi attacks. Concerns also include intelligence sharing reluctance and equipment purchases alignment with U.S. standards for integrated air and missile defense.
Create joint culture: CDS Gen Chauhan to armed forces as govt looks at rolling out theatre commands
Chief of Defence Staff Gen Anil Chauhan emphasized the significance of theatre commands, marking a milestone in India's military preparedness and warfighting capabilities. He urged the armed forces to foster a joint culture and embrace "jointness 2.0", aiming for integrated operations and optimal resource utilization amidst evolving security challenges.
Full impact of capacity expansion will start coming in from FY26: JSW Steel MD
Jayant Acharya of JSW Steel discusses the company's capacity expansion plans, stable pricing trends, inorganic growth opportunities, and overseas operations performance, emphasizing the focus on value-added products for business stability. Acharya says in the last quarter, 62% of sales was from value-added and specials and 61% for the year as a whole. In terms of absolute volume, it has grown substantially.
Indian Army Vice Chief Upendra Dwivedi visits Army Training Command headquarters
The Vice Chief emphasized the need for jointness, Integration and self-reliance. He exhorted the Army Training Command (Vice Chief) to continue reviewing the training concepts for future applications. Lt Gen Dwivedi also released a compendium of ARTRAC publications on the contemporary strategic landscape.
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Appropriate price discovery in IPO: Semi-public market could be a solution
The Semi Public market proposal aims to enhance price discovery and transparency before IPOs, offering early liquidity. Despite regulatory challenges, it could reduce volatility and improve scientific price discovery in IPO markets, serving as a potential final solution.
AI-Vistara merger: Fitment of over 7,000 staff to be complete in June
Air India CEO and MD Campbell Wilson along with Vistara CEO Vinod Kannan on Monday held a one-and-a-half-hour long townhall meeting with the employees of both carriers about the proposed merger.
Aiming for integration, India's Tri-Service Act notification sets stage for theatre commands
The Indian government has enacted the Inter-Services Organisations (Command, Control and Discipline) Act, facilitating the creation of unified theatre commands, a major military reorganization. This move follows the BJP's manifesto promise to establish military theatre commands for more efficient operations. With the Act in force, military commanders will have administrative and disciplinary powers over personnel from all three services. The creation of integrated theatre commands aims to streamline planning, logistics, and operations, replacing the current 17 single-service commands.
IPCL, E2S to develop Thermal Energy Storage System for efficient storage, transmission
India Power Corporation Ltd and E2S Power develop a 250Kwh TESS for efficient energy storage, aiding in integrating renewable energy and supporting India's net zero emission targets. The technology ensures flexibility in thermal power operations, aligns with Make in India, and targets South East Asia.
DG Innovate joins hands with EVage Motors, forays into domestic EV space
UK-based advanced R&D firm DG Innovate on Wednesday announced its entry into the domestic electric vehicle space through a joint venture with electric commercial vehicle startup EVage Motors. The JV, which will be 60 per cent owned by DG Innovate and 40 per cent by the Indian partner, will produce electric motors for both domestic and overseas markets, EVage said.
'Wars are changing': Army Chief and CDS want Indian forces to adopt de-novo mantra for future warfare
General Anil Chauhan, Chief of Defence Staff, initiated 'Parivartan Chintan' in New Delhi, focusing on developing a joint culture for the Armed Forces. The conference aimed to generate fresh ideas for jointness and integration among the services. Discussions included modernization, procurement, training, and collaboration, with a focus on emerging technologies and national strategic issues. This initiative aligns with the Indian armed forces' transformation towards joint structures, ensuring they are "future ready." The conference highlighted the importance of jointness and integration for theatre commands and broader defence reforms.
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