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Huawei's Harmony aims to end China's reliance on Windows, Android
Huawei's recent strong selling smartphone launches have been closely watched for signs of advances in China's chip supply chain, the company has also quietly built up expertise in sectors crucial to Beijing's vision of technology self-sufficiency from operating systems to in-vehicle software.
Big Boost to Rudra and Prachand helicopters: Adani Defence and Thales Group to manufacture 70mm rockets in India
Adani Defence & Aerospace has partnered with Thales Group to produce 70mm rockets in India, supporting the "Make in India" initiative. This collaboration aims to enhance India's defence capabilities with locally produced rockets for HAL Rudra and Prachand helicopters, while also boosting the country's defence manufacturing sector and creating employment opportunities.
Defence Ministry signs 350th iDEX contract with SpacePixxel Technologies for miniature satellite development
The Ministry of Defence signed its 350th iDEX contract with SpacePixxel Technologies Pvt Ltd for developing a miniature observation and imaging satellite for the Indian Air Force. This initiative aims to innovate in space electronics by miniaturising payloads that were previously deployed on large satellites. The new satellite will integrate multiple miniaturised payloads, offering benefits like faster deployment and lower environmental impact. Defence Secretary Giridhar Aramane praised the commitment of defence innovators and assured them of continued support.
Startup develops AI tool that creates multi-faceted authentication system
A woman-led start-up has developed an AI-based tool 'Divya Drishti' integrating facial recognition with gait analysis. Founded by entrepreneur Shivani Verma after winning 'Dare to Dream 2.0', the tool offers enhanced accuracy in biometric authentication.
Moving beyond Airbus & Boeing: What will it take for India to make its own commercial airliner?
India is already a growing sourcing hub for the global defence and aerospace industry. With government help, this ecosystem can, in time, be developed to support the development of a commercial plane. That is how we made our space programme, experts point out.
Anil Ambani's Reliance Infra to raise USD 350 mn FCCB to repay rupee debt, expansion
The company has debt facilities in form of term loans on non-convertible debentures of Rs 2253 crore and Rs 703 crore respectively, according to a Care Rating report dated February 26 this year.
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Defence stocks: Long runway, hedge a bit to avoid narrative-based decisions; 8 PSU & Pvt sector stocks, 4 with upside potential of upto 44%
In an election season, there are bound to be times when one or the other narrative may make one question about whether one should sell the stocks. The underlying reason would be fear of losing the gains on which one is sitting. Especially when it comes to sectors like defence, railways and others which have seen a strong re-rating and siting with big gains and already there has been skepticism about their stock price moving ahead of time. Now let's look at the issue in two ways, first is whether the fundamentals of the sector are on a strong foot and business is fine or not. Second, how to hedge the exposure so that one is not forced to sell due to narrative, because the fact is that a continuation in policy push means that the companies have just started their journey. While defence PSUs are well known, there are other private sector players, whose lifeline is dependent on defence expenditure and in the last few years they have also done well, both on the street and in terms of real business. So, it is better that one should hedge and stay with them and not get jittery because of one or the other narrative which will keep hitting the street till 4th June.
India's defence capabilities boosted under Modi government, relying on imports only for immediate needs: NITI Aayog member VK Saraswat
India has significantly enhanced its defense capabilities over the past decade, with a focus on indigenous manufacturing and reducing reliance on arms imports. VK Saraswat, a member of NITI Aayog and former chief of the DRDO, highlighted that 60% of India's arms and ammunition are now domestically produced, with major corporations like Adani, Tata, and L&T contributing to radar systems and gun manufacturing. Saraswat also assured that India's power capacity is sufficient to meet its needs, minimizing the risk of significant power cuts. Companies like Hindustan Aeronautics (HAL) and Bharat Electronics are poised to benefit from these trends.
Standout midcap stocks to buy on dips: Deven Choksey
Deven Choksey analyzes market trends, emphasizing the impact of railways on capital goods companies' growth. He recommends seizing buying opportunities during price dips and highlights potential stocks for investment. He says: Choksey further says that selectivity, in the corrective market, one should definitely go for buying fresh into the portfolio.
PM Modi, Ambani, Adani reshaping India to become economic superpower: CNN report
India is poised to become a 21st-playing a fundamental role in shaping the economic superpower the country will become in the coming decades, according to a CNN report
Buy industrials on dips; top 2 bets in two-wheeler space: Deven Choksey
Deven Choksey highlights the importance of market corrections for safe investments. He advises on potential buy opportunities in companies like Tata Technology, Reliance, Tata Power during corrections for better returns.
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.
Can homemade BrahMos propel India to become Asia's top defence supplier?
India's delivery of BrahMos missiles to the Philippines signifies a significant milestone in its defence export ambitions. The move not only strengthens bilateral ties but also showcases India's technological prowess and commitment to self-reliance in defence manufacturing. As India continues to explore opportunities for defence exports, addressing challenges and enhancing capabilities will be key to realizing its vision of becoming a major defence supplier in the region.
Rashtriya Raksha University signs MoU with French Starburst Aerospace
RRU and Starburst Aerospace's MoU aims to enhance aerospace, defence, and security innovation. The 100 million euros venture fund and export support for Indian startups align with the India-France Strategic Partnership, fostering enterprise creation and growth in security and defence sectors.
How Murdoch partner is helping Asia’s richest man Mukesh Ambani build a media empire
Media giant Viacom18, backed by Reliance Industries Ltd., is set to become a powerhouse in India's media and entertainment industry. With a focus on streaming and digital offerings, Viacom18 aims to compete with tech giants like YouTube and Meta Platforms Inc. The company's strategy includes offering ad-supported programming and integrating e-commerce into its platform. Led by media veteran Uday Shankar, Viacom18 is betting big on mobile streaming and digital advertising to drive growth in India's rapidly evolving media landscape.
Mahindra Aerostructures signs $100 mn contract with Airbus Atlantic
Mahindra Aerostructures has signed a $100 million multi-year contract with Airbus Atlantic for manufacturing and delivering metallic components for the Airbus commercial aircraft family, including the A320 family planes. The contract will supply 2,300 metallic components from India's manufacturing base to France.
Want to export jet engines in future, says defence minister Rajnath Singh
Defence minister Rajnath Singh said that he has directed officials to look at all possible collaboration opportunities to make India self-reliant. He referred to the engine manufacturing agreement between GE Aerospace and Hindustan Aeronautics for the GE 414 engine that will power future variants of the light combat aircraft (LCA).
Balakot like operations have shown that, given the political will, aerospace power can be effectively carried out beyond enemy lines: IAF Chief
Indian Air Force (IAF) Chief VR Chaudhari highlighted the effectiveness of aerospace power in operations like Balakot, emphasizing its potential in no-war, no-peace scenarios. He spoke at the 15th Jumbo Majumdar International Seminar on Aerospace Power, stating that aerospace power will remain crucial in future warfare. Chaudhari noted the importance of aerial superiority in shaping the destiny of nations and the role of aerospace power as a symbol of national strength and a tool for peace. He discussed the complexities of future conflicts, including the need for reimagining conventional war fighting methods and the inevitability of space militarization.
We are making big investments in defence sector in next 10 years, says Adani Defence CEO
"We are going to make big investments in the defence sector in the next 10 years," he said at NDTV's 'Defence Summit' on Thursday. Rajvanshi, however, did not elaborate on the investments. In a major move, the Adani Defence and Aerospace last month inaugurated two mega facilities to manufacture ammunition and missiles.
Where will the next set of triggers come for Reliance? Deven Choksey answers
Vodafone-Idea's debt is make or break. Maharashtra FDA plans more tests on global fast food chains. QSR stocks like Restaurant Brands Asia, Devyani, Westlife offer opportunity. Japan's QSR market shows potential. Reliance has unlocking value in Jio platform, Reliance Retail, renewables. Market opportunity in media, auto, auto ancillary, travel and tourism, NBFCs.
Towards Atma Nirbharta: Chief of Naval staff R Hari Kumar inaugurates Nibe Defence and Aerospace Ltd
Admiral R Hari Kumar, Chief of Naval Staff, inaugurated the new manufacturing plant of Nibe Defence and Aerospace Limited in Pune, emphasizing the Indian Navy's role in promoting self-reliance in defence production. The event highlighted Nibe's contributions to various defence projects and the importance of advanced equipment in achieving self-reliance. The inauguration also included announcements about upcoming naval operations, showcasing the navy's capabilities and preparedness.
Jindal Stainless, MSME Tech Centre to make value-added products for defence, aerospace
JSL Managing Director Abhyuday Jindal said, "Through this MoU, our aim is to deliver high-quality products to the defence and aerospace sectors with increased efficiency. The move is aligned with the Prime Minister's Atmanirbhar Bharat initiative, and will contribute towards reducing reliance on imports."
Hyderabad may become India's defence manufacturing hub; city gets ₹1,500 crore boost from Adani Group
In a strategic move, the Adani Group is investing ₹1,500 crore over the next two to three years in Hyderabad, aiming to make it a key hub for manufacturing missiles and unmanned vehicles. Ashish Rajvanshi, CEO of Adani Defence & Aerospace, highlighted the city's significance, envisioning it as a buzzing center for Adani's ambitious plans. The company aims to produce various missiles and unmanned systems, collaborating closely with DRDO and initiating work on counter drone systems. The recent unveiling of the Drishti 10 'Starliner,' India's first indigenous UAV, further solidifies Hyderabad's role in defense innovation.
Navy Chief unveils first indigenously manufactured UAV from Adani Defence & Aerospace
Indian Navy Chief Admiral R Hari Kumar unveiled the Drishti 10 Starliner drones, manufactured by Adani Defence, at the company's Aerospace Park in Hyderabad. The drone is an advanced Intelligence, Surveillance, and Reconnaissance (ISR) platform with 36 hours of endurance and a 450 kg payload capacity.
US plans $162 million award to Microchip Technology to boost production
The funds will allow Microchip to triple production of mature-node semiconductor chips and microcontroller units at two US factories, officials said.
ET Road Safety & Safer Mobility Forum 2023: Promoting the Path to Global Road-Safety Standards with AI and Advanced Technology
In a significant effort to address the escalating road accidents and fatalities in India, the Economic Times, supported by Netradyne, a global leader in vision-based driver safety and management solutions presents the third edition of the ET Road Safety & Safer Mobility Forum 2023
Apollo Micro Systems incorporates subsidiary for defence business
Apollo Micro Systems Ltd (AMSL) has formed a new subsidiary called Apollo Defence Industries Pvt Ltd (APDIPL) to focus on the defence sector. The Hyderabad-based company offers technology-based solutions in various sectors including infrastructure, transportation, and aerospace. Promoter Karunakar Reddy has subscribed to 1,400 equity shares of Rs 10 each in APDIPL.
What to do with Piramal Enterprises & where to look for growth in Reliance? Deven Choksey answers
"Jio platform could double its revenue and profits in the next two to three years, which is faster than the normal growth rate. The renewable segment is expected to see significant growth, with separate groups being formed for each vertical. Some brokerages maintain an underweight rating on Piramal Enterprises, but I see clarity in the company's long-term prospects. "
From launch vehicles to space tourism, Indian space start-ups aim high
The Vikram-S rocket, developed over the past two years and built using 3-D printing technology, reached an altitude of 89.5 km. Chennai-based Agnikul Cosmos is set to test its Agnibaan-1 in a suborbital flight sometime next month. "We plan to have the first launch of Agnibaan before the end of this year," Srinath Ravichandra, co-founder of Agnikul, told PTI.
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