DEFENCE PROJECTS
Air Marshal Ashutosh Dixit appointed new Chief of Air Force, replacing Amar Preet Singh
Air Marshal Ashutosh Dixit has been appointed as the new Chief of the Indian Air Force. He succeeds Air Chief Marshal Amar Preet Singh after a long and distinguished career. Dixit has flown various aircraft and logged over 3,500 hours of flying. He is recognized for promoting indigenous aircraft projects, particularly the LCA Tejas. Air Marshal Dixit is expected to further advance the government's Aatmanirbharta initiative.
Indian Navy to get BrahMos launchers, fire control systems in Rs 661 cr deal
The Ministry of Defence has signed a Rs 661.50 crore contract for BrahMos Fire Control Systems and launchers. The systems will be fitted on Indian Navy warships for maritime strike operations. This contract aims to strengthen India's maritime security and enhance defense capabilities while promoting indigenisation. It includes a minimum indigenous content of 68% and supports participation from Indian industries.
Indian Navy to get 43,500-tonne ‘Surya’ ship as Rajnath Singh lays keel at HSL in Visakhapatnam
Defence Minister Rajnath Singh on Tuesday inaugurated major shipbuilding and maritime infrastructure projects at Hindustan Shipyard Limited in Visakhapatnam. He launched the Indian Navy’s first Fleet Support Ship, ‘Surya’, laid the keel for FSS-5 and inaugurated an upgraded slipway and 300-tonne Goliath crane capable of supporting construction of vessels up to 45,000 DWT.
US picks four directed-energy weapons for operational testing against drone threats
The US Department of War has selected four high-energy laser and high-powered microwave systems for operational evaluation against growing drone threats. The pilot, led by Joint Interagency Task Force 401, will assess their effectiveness, safety and integration into layered homeland defence, while further directed-energy technologies undergo competitive testing.
HFCL stock triples in 6 months as AI, defence orders boost outlook
The stock of HFCL is soaring, attributed to remarkable achievements in optical fibre cables and defence electronics sectors. With a new revenue growth projection of 40% for FY27, the company shows promising potential. Expansion into global markets is expected to amplify revenue figures by year-end, supported by a robust order book ensuring long-term revenue clarity.
'Great achievements already made': Swiss President Parmelin on India-EFTA trade pact's first year
The India-European Free Trade Association Trade and Economic Partnership Agreement has been effective since its implementation a year ago. Swiss President Guy Parmelin stated that strong interest from companies has been evident in various sectors. This agreement is expected to significantly enhance bilateral trade and attract long-term investment. Additionally, Switzerland seeks to strengthen cooperation in business and technology during the President's current visit.
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India, Switzerland sign migration pact, expand trade, investment and defence ties
India and Switzerland have signed a migration and mobility partnership pact and expanded market access for Indian exports. Prime Minister Narendra Modi and Swiss President Guy Parmelin discussed deepening cooperation in nuclear energy and defence. Both nations aim to boost bilateral trade and investment ties following the recent Trade and Economic Partnership Agreement. New opportunities will also emerge for Indian students and professionals in Switzerland through the agreements.
Pedro Sánchez prepones elctions after legislative defeat amid Spain's housing crisis
Spanish Prime Minister Pedro Sánchez has called for early elections after his government experienced a legislative defeat regarding housing measures. The elections are scheduled to take place on November 29, in response to public protests over housing affordability. Sánchez’s governmental coalition has struggled with several smaller parties impacting legislative progress. The conservative Popular Party, which holds the most Parliament seats, is expected to challenge Sánchez in the elections.
Kerala orders probe against CEC Gyanesh Kumar reopening two-decade old suicide case
A Vigilance and Anti-Corruption Bureau investigation has been ordered regarding the allegations against Chief Election Commissioner Gyanesh Kumar. These allegations date back to his tenure as the Public Works Department secretary in 2006. The probe will specifically examine irregularities in awarding public works contracts and the death of Malaysian engineer Lee See Been. Previously, an inquiry into these matters was reportedly stalled due to external influences.
Defence stocks: Time to change strategy in a bearish market? An ecosystem with down and upside potential of -39% to plus 37%
The current fall is both at the level of the indices and the broader market. And when the selling is this broad, almost every sector is affected. But they do not all feel it equally, and it is worth knowing why every sector behaves differently at different points of time. Stock Reports Plus, powered by Refinitiv, is a comprehensive report that evaluates five key components of 4,000+ listed stocks – earnings, fundamentals, relative valuation, risk, and price momentum – to generate standardised scores. The simple average of the above-mentioned five component ratings is normally distributed to reach an average score.
India may finalise 114 Rafale fighter jet deal with France by current financial year: IAF chief
India is planning to finalize a significant multi-role fighter aircraft deal by the end of this financial year. The proposed acquisition involves purchasing 114 Rafale fighter jets to enhance the Indian Air Force's capabilities. Current negotiations are focused on price and other important issues related to the procurement. The Chief of Air Staff emphasized the need for increased air power and self-reliance in manufacturing capabilities.
Want to do NASA research? 24 new US projects backed by $23 million will let citizen scientists hunt comets, study space weather and explore Earth data — all you need to know
NASA has selected 24 organizations to partake in a new Science Activation portfolio aimed at public engagement. This initiative will provide hands-on opportunities in scientific research across various fields, such as astronomy and Earth sciences. Communities nationwide, particularly underserved groups, will gain access to authentic NASA experiences. Participants can analyze data, conduct experiments, and observe astronomical events through robotic telescopes.
TCIL pays Rs 43.86 crore dividend to government for FY26; profit after tax at Rs 146 crore
Telecommunications Consultants India Ltd has paid a dividend of Rs 43.86 crore to the Government of India. This payment follows an operating revenue of Rs 3,335 crore and a profit after tax of Rs 146 crore. Over five years, the company's revenue has significantly increased from Rs 1,596 crore in FY 2021-22 to Rs 3,442 crore in FY 2025-26.
Need reforms for higher recoveries and speedier resolutions in IBC: IBBI Chair
Jayanti Prasad emphasized the need for reforms in India's debt resolution framework to improve realizations and safeguards. Justice Anupinder Singh Grewal suggested raising the financial threshold for insolvency case admissions to enhance efficiency. Prasad highlighted the regulator's aim to address delays and improper use of the Code.
Nitin Gadkari says Rs 1,176 crore six-lane bridge will be built on NH-10 over Teesta river connecting North East, Sikkim and Siliguri corridor
Union minister Nitin Gadkari has approved Rs 1,176 crore for a six lane bridge over the Teesta river at Sevoke in Darjeeling, a project meant to tighten road links between Sikkim, the North East and the strategically sensitive Siliguri corridor.
Yohan and Michelle Poonawalla of Poonawalla Group venture into defence sector with strategic investment in Optimized Solutions
The investment comes at a significant inflection point for India’s defence industry, which has been witnessing a sustained growth in indigenous production, private-sector participation and exports.
Elon Musk to co-lead 'Project Meridian' on future of warfare, announces US War Secy Pete Hegseth
US Secretary Pete Hegseth announced the formation of Project Meridian to study future warfare strategies. Elon Musk will co-lead this initiative alongside Palmer Luckey and Newt Gingrich. The project aims to explore and identify key domains and technologies relevant to warfare. It has a strict 120-day deadline to provide findings to military leadership. Hegseth also introduced the Autonomous Warfare Command, emphasizing the need for advancements in military technology.
NHAI to conduct special quality checks on 17 highway projects with bids 15% below estimate
NHAI to begin special quality inspections for 17 under-construction National Highways projects due to their substantial cost discounts. These inspections are in addition to regular quality checks intended to identify construction issues early. A second round of inspections will take place after six months to verify quality and progress. The selected projects encompass various states and include significant infrastructural developments.
Ford CEO Jim Farley strikes cautious note on Chinese automakers, says Europe is 'too late'
Ford's CEO Jim Farley urged careful consideration of how Chinese automakers enter the US market and warned against potential negative impacts. He cited Europe's experience as a cautionary example, indicating that it's already problematic there. Although Ford seeks partnerships with some Chinese companies for capital efficiency, it also plans to compete against them directly.
New steel policy draft ready, to set 2047 road map: Secretary
The government is revisiting the current national steel policy 2017 to address major changes in the sector in the past decade including AI, machine learning, technology upgradation, decarbonisation and greater policy focus on sustainability.
Siang project not just hydropower, vital for national security: Arunachal Pradesh CM Pema Khandu
Arunachal Pradesh chief minister Pema Khandu said that the Siang Upper Multi-Purpose Project should not be viewed merely through the prism of a conventional hydropower project, but as a national project with wider strategic and security implications.
EU members approve five big pan-European defence projects
EU members approved five major defence projects which now become eligible for EU funding to enhance security. These projects include a focus on drone warfare and protective measures for Europe's Eastern flank. An integrated maritime defence project along with air and missile defence initiatives were also approved. Funding worth €325 million is allocated under the European Defence Industry Programme for these projects.
Tata Projects partners with Canadian firm MDS Aero to advance aero-engine testing infra in India
Tata Projects has entered a strategic partnership with MDS Aero Support Corporation to improve aero-engine testing infrastructure. This collaboration supports the development of testing facilities for India's aerospace sector. Tata Projects will oversee key infrastructure elements like civil works and high-air-pressure systems. MDS Aero Support will provide their specialized knowledge in engine testing technologies and lifecycle support. Together, these companies aim to strengthen aerospace technology ties between India and Canada.
From pickups to idle plants: automakers seek lifeline from defence boom
Western automakers are increasingly looking at defense contracts as a way to boost revenues and utilize excess capacity. Companies like Ford, GM, and Jaguar Land Rover are bidding for military vehicle contracts. Despite these efforts, executives express skepticism about the financial impact on overall revenues. Automakers are offloading surplus factories to defense manufacturers due to the growing demand for military production.
DRDO, CSIR-CGCRI join hands on Rs 50-crore project to develop lighter bulletproof glass
The Defence Research and Development Organisation and CSIR-Central Glass and Ceramic Research Institute are collaborating on an advanced project. This project aims to develop indigenous lightweight bulletproof glass technology for armored vehicles. It seeks to replace imported materials while reducing weight and thickness by up to 50 percent. Initial tests have shown promising results against rifle fire, and further multi-shot testing will follow.
Deccan Gold shifts from exploration to gold production, builds critical-mineral portfolio
Deccan Gold Mines is evolving from exploration into production, investing approximately Rs 600 crore in recent projects. The Jonnagiri Gold Project has ramped up production, yielding about 89.7 kg of gold in the first quarter. In Kyrgyzstan, the Altyn Tor Gold Project has initiated early commercial operations, creating 400 local jobs. The company plans to expand into critical minerals such as nickel and lithium, diversifying its portfolio.
DRDO signs first deep-tech pact with Zero mK India for indigenous dilution refrigerator
DRDO has signed an agreement with Zero mK India for the development of a dilution refrigerator. This project will support quantum applications and enhance India's technological capabilities. The agreement is part of a larger Rs 500-crore initiative for deep-tech innovations. Monitoring will be conducted by the director of DRDO's Solid State Physics Laboratory and his team. This collaboration aims to reduce dependence on foreign cryogenic infrastructure for quantum technologies.
West Bengal govt allots 256 acres to Jupiter Defence for large-scale integrated defence manufacturing facility
The facility is expected to become West Bengal’s first major defence manufacturing unit, creating an industrial base for defence production while generating employment and opportunities for local businesses and ancillary industries.
Student gets Rs 3.5 cr grant from govt: Meet Hamirpur’s Sarvesh Sharma, who built Army drone designed to evade enemy radar & resist jamming attempts
Hamirpur Government Polytechnic student Sarvesh Sharma has secured a Rs 3.5-crore Ministry of Defence grant to develop the ‘Rudra Edge T-1 (Spectra)’ drone for the Indian Army. The drone is being designed for border surveillance, with capabilities to evade enemy radar detection and resist jamming attempts. Sharma, who previously built a prototype for Rs 87,000, will develop the advanced drone at an IIT Roorkee incubation centre under the Defence Innovation Organisation (DIO) and iDEX programme, with a 20-month completion target.
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