TECHNO COMMERCIAL NEGOTIATIONS
Mazagon Dock shares surge over 4% amid talks of Rs 35,000 crore deal with Ministry of Defence
MDL shares rose 4.3% as discussions with MoD for Rs 35,000 crore deal on Kalvari-class submarines progress with 60% indigenous content commitment.
MDL in advanced talks with Defence Ministry for Rs 35,000 crore Kalvari submarine deal
MDL in advanced talks for a potential ₹35,000-crore deal to acquire three larger, modern Kalvari-class submarines with advanced electronics and propulsion for the Navy, ensuring 60% indigenous content.
HAL shares rally 6% as Ministry of Defence to procure ‘Prachand’ helicopters
Shares of HAL soared 6% to reach an all-time high of Rs 5,484.20 on the Bombay Stock Exchange (BSE) during Tuesday's trading session. The surge came after the company disclosed that the Ministry of Defence has issued a request for proposal (RFP) to procure 156 Light Combat Helicopters from HAL.
Defence Ministry places tender for attack choppers worth Rs 50,000 cr to HAL
Defence ministry awards Rs 50,000 crore tender to state-owned Hindustan Aeronautics Limited (HAL) for procurement of Light Combat Helicopters (LCH), the largest single order to an Indian company.
Mushrooming of GCCs to lead to spurt in leadership roles in 2024
India's demographic dividend and large talent pool are attracting global capability centres (GCCs) to the country, leading to an increased demand for leadership roles. India is projected to have 1,900 GCCs by 2025, with the market size expected to reach $110 billion.
Mind the gap: Median female salaries at Nifty50 companies lag males' by a tenth
ET analysed the median salaries for male and female employees disclosed by Nifty50 constituent companies. Of the 50 companies, 43 disclosed this data in their FY23 annual reports. The median male salaries were higher than median female salaries in 31 of these companies. The median female salaries were, on average, 9.2% lower than the median male salaries.
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PM Narendra Modi, Joe Biden may try to sort out civil nuclear irritants
Prime Minister Narendra Modi and US President Joe Biden will discuss ways to address differences in India's nuclear liability law during their meeting in New Delhi on September 8. The American side is exploring options to work with India on this issue. Both leaders have emphasized the importance of nuclear energy in global decarbonization efforts and acknowledged ongoing negotiations for the construction of nuclear reactors in India. The US has expressed support for India's goal of achieving 500 gigawatts of energy from non-fossil fuel sources by 2030.
Techno-commercial negotiations on Rafale-M, Scorpene projects yet to be firmed up: Sources
India's negotiations to acquire 26 Rafale-M fighter jets and three Scorpene submarines from France have yet to be concluded, according to unnamed sources. While an agreement between India's state-run Mazagon Dock Limited and France's Naval Group has been confirmed for the submarine project, discussions about costs and technical aspects continue. The deal for the jet variant will be finalised at the end of the techno-commercial negotiations. India and France have expanded defence cooperation, and will also develop a new jet engine capable of working with the Indian Air Force.
Drones deal: Indian MQ9Bs to have 'weapons and anti-submarine capability'
While the US has not sold armed versions of the MQ9B to other nations, the only comparable offer to the Indian deal is with the UAE, which has been negotiating a contract for 18 armed versions of the MQ9B since 2020.
Germany keen on govt-to-govt deal to jointly manufacture submarines
Germany is keen to pursue the government-to-government route for jointly manufacturing advanced conventional submarines for an Indian Navy requirement, with the matter likely to be taken up at high-level bilateral meetings later this week during Chancellor Olaf Scholz's visit.
Germany may not bid for Navy’s P75I submarine project, leaves South Korean firm as only vendor
If the German group does not change its stand, the mega project could be heading for a single foreign vendor situation with South Korea’s Daewoo Shipbuilding and Marine Engineering as the only contender.
Germany likely to opt out of Navy's submarine project, South Korean company may be only vendor
If the German group does not change its stand, the mega project could be heading for a single foreign vendor situation with South Korea’s Daewoo Shipbuilding and Marine Engineering as the only contender.
View: No rules of the road protect cyberspace, where we live our lives today
A most attractive feature of cyberspace is that its entrance threshold is so low that an ingenious self-taught person could create apps and new platforms, and become rich; or become a hacker and get into infrastructure, financial or military systems without leaving a trace.
Opening up coal sector not a challenge to Coal India: Chairman Pramod Agrawal
When the government is pushing for Atma Nirbharta or self-reliance to reduce coal import dependency with increased indigenous production, we view private sector participation as complementing CIL’s role and not as competing, said CIL chairman Pramod Agrawal.
Seamless connectivity imperative for recovery from pandemic in South Asian's BBIN sub-region
This will make the movement of their goods as well as people resilient to future shocks but will also increase the sub-region's transport and logistics competitiveness, along with expanding connectivity prospects for Bhutan and Nepal.
Trump India visit: US, India agree to jointly develop arms
The joint statement noted the sale of advanced military helicopters to the Indian forces. With India keen on the joint production of weapon systems, President Trump pledged to support the transfer of advanced military technology. India will be given the highest consideration when it comes to technology transfer.
Indo-Russian joint venture for light military helicopters moves to next stage
Defence acquisition council to examine bid that promises 62 percent technology transfer on platform; production line being readied. The joint venture – the supply 200 of the Kamov Ka 226T choppers to the army and air force – was the first government level defence deal finalised by Prime Minister Narendra Modi after he came to power.
Foreign vendors give an ultimatum to BSNL to clear Rs 3000 crore in dues by December 31; may stop support
Foreign gear vendors have said they will abandon the debt-laden PSU if its dues are not cleared by Dec 31.
Coal India signs MoUs with Russia for coking coal
For the last several months Coal India is also looking at acquiring coking coal assets in Russia, Canada and Australia.
Countries must dismantle terror hubs: India, France
Both nations plan a project for reinforcing assets to combat piracy and all other maritime trafficking in the southern Indian Ocean.
Indo-French nuclear deal: 10 yrs after its signing power project yield little success
The Indo-French cooperation on 'peaceful use of nuclear energy' was signed on September 30, 2008, primarily for building the Jaitapur Nuclear Power Plant (JNPP).
Arun Jaitley to lead military delegation to Russia, defence projects worth $10.5 billion to be finalised
Jaitley is slated to hold wide-ranging discussions with the Russian deputy PM Dmitry Rogozin and defence minister General Sergey Shoygu during the first India-Russia science technology commission.
India seeks details of working reactors from US, French firms
Sources said French company EDF and US firm Westinghouse are still not ready with fully operational "reference plants", a pre-requisite before a final General Framework Agreement could be signed with these entities.
France submits fresh plan for six nuclear plants in Jaitapur
The proposal includes negotiating with India for six reactors as against two, which was the case earlier. This would help bring down the cost.
Westinghouse funding: MEA panel to finalize details
Centre has set up an inter-agency committee to work out the details of the financing structure for six Westinghouse AP-1000 nuclear reactors.
India, France sign MoU for construction of six nuclear reactors at Jaitapur
EDF is France's public electricity producer and supplier and has been designated by the French government for taking over AREVA NP.
NTPC to seek board's nod for Damodar Valley Corporation's Raghunathpur plant takeover
Chowdhury said the cap price for the project had been decided with DVC chairman and the techno-feasibility report of NTPC would be negotiated for a final deal price.
Narendra Modi's three nation tour: PM may re-energise nuclear-deal talks
Discussions on expanding and strengthening cooperation in the field of civil nuclear energy would be among the top items on the agenda for Modi’s visit.
Activist fund TCI asks EADS to sell 46% in Dassault
India is currently holding exclusive commercial negotiations with Dassault for its $11 billion MMRCA contract to supply 126 Rafale fighter jets for the IAF.
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