SU 30
IAF's Su-30 MKIs to be part of 20-nation mega 'Exercise Pitch Black' in Australia
The India Air Force announced that its Su-30 MKI fighter jets will participate in a biennial multinational aerial warfare exercise in Australia starting later this month. The event, known as 'Exercise Pitch Black 24,' will run from July 12 to August 2 and will be its largest edition yet, with 20 countries taking part. According to the Royal Australian Air Force (RAAF), this year's exercise will be the biggest in its 43-year history.
Xiaomi's SU7 bedazzles at India showcasing, rolls out tech bonanza with star-Redmi 13 5G
Chinese tech giant Xiaomi showcased its electric vehicle SU7 in Bengaluru, alongside new electronic products like the Star-Redmi 13 5G. Although not for sale in India, the SU7, resembling a Porsche Taycan but cheaper, marks Xiaomi’s EV ambitions. Heavy rains in Muradabad have damaged tomato crops, driving prices up in North India.
Xiaomi showcases SU7 electric sedan in India, no word on launch date
Celebrating its 10th anniversary, Xiaomi unveiled the SU7 electric car and launched Redmi 13 5G and Redmi Buds 5C. Priced under USD 30,000 and produced with BAIC Group in a 200,000-vehicle capacity Beijing factory, SU7 features a "super electric motor" and up to 800 km range. Initially delivered in China, it reflects Xiaomi’s diversification strategy.
Xiaomi to showcase its first electric car, the SU7 EV, in India tomorrow: Report
Xiaomi will showcase its first electric car, the SU7, in India on July 9 as a market test. The car comes in two versions with different driving ranges and is priced competitively. The event in Bengaluru will also feature other household appliances and new product categories.
Xiaomi's newly-unveiled SU7 EV quietly brought to India, to be showcased in Bengaluru; no news on launch date
The car will be showcased in Bengaluru, although the company has stated there are "no plans" for an immediate launch in India. This exhibition may be a move to test the waters in the Indian car market or to celebrate a decade of Xiaomi's business operations in the country.
More women made the list of top-paid CEOs in 2023, but their numbers are still small compared to men
Of the 341 CEOs in the AP's 2024 compensation survey, 25 are women, the highest number since the survey began in 2011. Lisa Su of AMD is the highest-paid female CEO, earning $30.3 million. The median pay for female CEOs increased by 21% to $17.6 million, outpacing male CEOs whose median pay rose by 12% to $16.3 million. Despite these gains, the highest-paid male CEOs still earn significantly more, and women often face the "glass cliff," being appointed to leadership roles during company crises.
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Infrastructure stocks: With more clarity a stronger round of re-rating in Modi 3.0? 7 infra stock with upside potential of up to 33%
Couple of months back PM Modi had mentioned his priorities of Modi 3.0. The first word which was used was infrastructure and then subsequently others. There should not be any surprise given the fact that even in the last ten years, infrastructure has been a priority. What has changed is that in the first five years, it was the clean up of the books and debt which was taking place. In the next five it was both, lowering debt, higher order book and now with books much better placed, much less litigation, now when the order book gets bigger as the focus on infrastructure continues the increase is likely to be more visible in margins and that increases the probability of even a strong and sustained rating. We take a look at infrastructure makers, which is very different from infrastructure owners. Though in some cases, these companies also have some projects where they have stakes.
India successfully test-fires Rudra-II air-to-surface missile from Su-30 fighter jet
India successfully test-fired the RudraM-II air-to-surface missile from a Su-30 fighter jet, marking a significant advancement in its defence capabilities. The missile, incorporating indigenous technologies, met all trial objectives, validating its propulsion system and control and guidance algorithm. This successful test reinforces the RudraM-II system's role as a force multiplier for the armed forces, with future developments focused on enhancing India's air superiority tactical capability.
India's Make-in-India defence projects, include K-9 Vajra Howitzers and fighter jet engines, await post-election approval
India's defence agenda post-elections includes crucial projects like acquiring K-9 Vajra howitzers and Su-30 MKI fighter aircraft engines. These projects, initially scheduled for approval in March, were postponed. Hindustan Aeronautics Limited (HAL) will produce the engines, worth approximately Rs 20,000 crore, aiding in indigenisation efforts. Additionally, the proposal to purchase 100 more K-9 Vajra SP howitzers is under consideration, reflecting the Indian Army's evolving needs. Various defence research and development programs await government clearance, signaling significant advancements in indigenous defence capabilities.
Xiaomi moves ahead with Tesla-like SUV as first EV hits goals
Xiaomi plans to enter the EV market with SUVs by 2025, starting with the SU7 model. The company aims to reduce reliance on smartphones, taking on competitors like Tesla and BYD, with positive market reception and potential break-even in 2026.
Rampage Missiles inducted by Indian Air Force, Navy; Boost to long-range precision strikes
The Indian Air Force has bolstered its fighter aircraft fleet with the induction of the Rampage long-range supersonic air-to-ground missiles, capable of striking targets up to 250 km away. This missile, known as the High-Speed Low Drag-Mark 2 missile in the Indian Air Force, was utilized extensively by the Israeli Air Force in recent operations against Iranian targets. The Rampage has been integrated into the Russian-origin aircraft fleet, including Su-30 MKI, MiG-29, and Jaguar fighters, and also into the Indian Navy's MiG-29K fleet.
IAF successfully tests air-launched ballistic missile in Andamans, significantly boosts stand-off capabilities
The Indian Air Force achieved a milestone by successfully test-firing an air-launched ballistic missile, ROCKS or Crystal Maze 2, capable of hitting targets over 250 kilometers away. The test, conducted from a Su-30 MKI fighter jet in the Andaman and Nicobar Islands, demonstrates India's commitment to enhancing defense capabilities. The missile, of Israeli origin, is designed to strike high-value targets and is effective in GPS-denied environments. Plans are underway to acquire Israeli missiles in large numbers through the Make in India initiative, showcasing the importance of strategic partnerships in advancing the defense industry.
Xiaomi secures lock-in orders of more than 70,000 SU7 cars
Xiaomi's Lei Jun and Lu Weibing celebrated over 70,000 SU7 orders, praising strong electric car sales. The company's strategic plans involve no off-road vehicles, focusing on delivering Max and Pro models.
China's Xiaomi receives over 100,000 orders, begins deliveries of its first EV
Xiaomi's SU7 - short for Speed Ultra 7 - enters a crowded China EV market with an attention-grabbing price tag - under $30,000 for the base model, cheaper than Tesla's Model 3 in China.
China Xiaomi's market value soars by up to $7.6 bln on EV launch
Xiaomi's shares rose 16% following the launch of its electric vehicle, the SU7. Despite strong interest with 88,898 pre-orders, Citi Research predicts significant losses due to fierce competition in the Chinese EV market.
Xiaomi's EV buyers face up to seven-month wait
The SU7, whose design has drawn comparisons with Porsche's Taycan and Panamera sports car models, has been launched amid a cut-throat price war in the world's largest auto market where more than 40 brands vie for consumer attention.
With China EV launch, Xiaomi's 'Thor' takes on Elon Musk
Xiaomi's Lei Jun challenges Tesla with the SU7 car, inspired by Musk's strategy. Dubbed "Thor," Lei's marketing approach draws attention similar to Musk. With Beijing support, Xiaomi competes in China's EV market with an affordable offering.
Defence Ministry signs deal with Indian firm to upgrade Su-30 MKI fighter aircraft simulator
The Ministry of Defence has signed a contract with an Indian firm to upgrade the simulators of the Su-30 MKI fighter aircraft of the Indian Air Force, enhancing operational training for IAF pilots. This upgrade will incorporate all indigenous weapons and capabilities. Additionally, the MoD signed five major capital acquisition contracts worth Rs 39,125.39 crore, including procurement of Aero-engines for MiG-29 aircraft, Close-in Weapon System (CIWS), High-Power Radar (HPR), BrahMos missiles, and Ship-borne BrahMos system, strengthening indigenous capabilities and reducing dependency on foreign equipment manufacturers.
IAF's Sukhoi fighter jets to get a Rs 60,000 crore booster: Here are all the upgrades for the new Su-30MKI
The Defence Ministry has approved a Rs 60,000 crore upgrade of India's Su-30MKI fighter jet fleet, led by HAL and supported by DRDO. This project aims to enhance the aircraft's capabilities with new radars, mission control systems, and weapon systems, reflecting India's push for self-reliance in defence manufacturing. The upgrade will include the integration of indigenous systems, such as a new radar system and electronic warfare capabilities, improving air-to-air and air-to-ground targeting.
₹60,000-crore Sukhoi fighter upgrade begins, to involve private sector in big way
The mainstay Su 30MKI fighter jet fleet is set to undergo a comprehensive upgrade worth ₹60,000 crore. The upgrade will include new radars, mission control systems, electronic warfare capabilities, and integration of new weapon systems. Hindustan Aeronautics Limited, with support from DRDO, will lead the upgrade with heavy participation from the private sector.
Defence manufacturer Hindustan Aeronautics showcases its product line at Vibrant Gujarat
Hindustan Aeronautics Limited (HAL) showcases India's aerospace prowess at the 'Vibrant Gujarat Global Trade Show 2024,' emphasizing 'Aatmanirbhar Bharat' (Self-reliant India). HAL highlights indigenous products like the Su-30 MKI aircraft and Prachand Light Combat Helicopter (LCH), exhibiting capabilities in aerospace technology. With over 100 items earmarked for indigenization, HAL aims to reinforce self-reliance in defense manufacturing. The event fosters interaction with the Indian industry to bolster the aerospace ecosystem in line with the government's goal of achieving Rs 175,000 crore in indigenous defense manufacturing by 2024-25.
IAF to extend life of Russian Su-30MKI fighter jet fleet by more than 20 years
The Indian Air Force plans to extend the service life of its Russian-origin combat aircraft, the Su-30 MKI, by over 20 years. The fleet has inducted 272 of these twin-engine planes, which will be the mainstay of the force for at least 15-20 years. The Indian Air Force is also working on upgrading the aircraft with indigenous advanced radars, avionics, and weapon systems.
Defence ministry to discuss India's biggest ever fighter aircraft projects worth Rs 1.3 lakh crore
The Defence Ministry is scheduled to take up two of India's biggest-ever fighter aircraft projects worth Rs 1.3 lakh crore for discussion in a crucial meeting this week including buying 97 new LCA Mark 1A fighter aircraft and indigenously upgrading 84 Su-30 MKI combat planes.
Indian Air Force issues tender to HAL for buying 12 Su-30 MKI fighter jets
"Recently, a tender has been issued to the HAL for buying the 12 Su-30MKI fighters, which will be manufactured in India by the HAL in partnership with the Russian original equipment manufacturers," defence sources said.
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