OCEAN SURVEILLANCE STARTUP
India’s defence production is $13 bn and growing, and MSMEs are providing the tailwind
The government’s push for indigenisation in defence has encouraged smaller players to get into the game and reduce India’s dependence on imports.
Ocean surveillance startup PierSight raises $6 million led by Alpha Wave Global, Elevation Capital
The Ahmedabad-based firm aims to test its technology aboard ISRO's PSLV Orbital Experimental Module (POEM) within 2024, Seth told ET.
New spin on a revolving door: Pentagon officials-turned-venture capitalists
Retiring generals and departing top Pentagon officials once migrated regularly to the big established weapons makers such as Lockheed Martin Corp. and Boeing Co. Now, they are increasingly flocking to venture capital firms that have collectively pumped billions of dollars into Silicon Valley-style startups.
Ocean surveillance startup PierSight raises $600,000 in funding led by All In Capital
PierSight will deploy the fresh funding towards advancing its satellite subsystems by strengthening its talent pool and procuring essential electronic components for integration and comprehensive testing, as per a statement.
SME stocks: 'Dus ka bees' gang in trouble as Sebi plays tough cop
The surge in popularity of SME stocks among retail investors in India has caught the attention of the market regulator, SEBI. The BSE SME IPO index has seen a 1,900% increase since the end of 2019, with average returns of over 80% for SME IPOs listed in 2023. SEBI's move to implement stricter regulations to curb price manipulation has caused a decline in the segment, with the BSE SME IPO index falling 2.5% and three out of four SME stocks on NSE experiencing a decrease. Experts suggest that while there are opportunities in the SME space, careful selection is crucial.
In US-China AI contest, the race is on to deploy killer robots
One is pricey and slow: For a new force of up to 13 nuclear-powered attack submarines, the Australian taxpayer will fork out an average of more than AUD$28 billion ($18 billion) apiece. And the last of the subs won't arrive until well past the middle of the century.
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In U.S.-China AI contest, the race is on to deploy killer robots
The Australian Navy is investing in two different submarine technologies to counter the rising power of China. One approach involves building expensive nuclear-powered submarines, while the other focuses on developing cheap and fast unmanned submarines powered by artificial intelligence (AI), known as Ghost Sharks. The Ghost Sharks, costing less than 1% of the nuclear submarines, will be delivered by mid-2025. The use of AI and automation is revolutionizing military power and could potentially reshape the rivalry between China and the US.
Modi's US visit: From handshakes to outcomes
The visit witnessed many deals and many big-ticket items in the sectors of defence, renewable energy, technology collaboration, healthcare and climate change. Technology transfer, the promise for joint production of dual-use technologies and the US’s willingness to help India build a robust Industrial manufacturing base, to match with our Atmanirbhar Bharat plans, have been the key takeaways from this visit.
"Endurance of 33 hours in the air..." Navy chief gives details of Predator drone surveillance capability
"Indian Navy has been operating these drones. They fall in the category of the HALE, (high altitude long endurance drones). So, we realised there is a need for having these drones for better surveillance and increased maritime domain awareness," Kumar said. He further added, "So we had taken two of these on lease from November 2020 onwards. And since then we have been operating it."
India, US finalise roadmap for fast-tracking defence tech transfer, co-development of military platforms
The new framework for cooperation was finalised during talks between Defence Minister Rajnath Singh and his visiting American counterpart Lloyd Austin, two weeks ahead of Prime Minister Narendra Modi's state visit to Washington.
Dealing with the dragon: How India has fared so far against China and the challenge ahead
With clear signs of Sino-Pakistani collusion on the eastern and western fronts, India has little choice but to take the challenge head on... However, India will have to prepare keeping the lessons of 2020 in mind
Self-driving ships may help keep attacks like 26/11 at bay
Forget driverless cars, SDE’s innovative autonomous navigation system - Genesis – can turn any boat or ship into an unmanned vessel. From protecting the coastline, to clearing trash, the potential for this technology is limitless.
From DRDO to BPCL, India’s first underwater drone, EyeROV Tuna, finds many takers
Kerala-based startup develops India's first commercial portable drone that can be used for underwater inspections. Today, the robot comes very handy for location scouting for search and rescue mission, surveillance for the defence sector and for research sectors like fishery and oil & gas.
US satellite startup that chose ISRO for launch is back online after defying US officials
The Federal Communications Commission forced Swarm to disable the satellites and warned that the company’s long-term plans to build a type of space internet were in peril.
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