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TATA-Airbus facility to bolster India`s journey toward Atmanirbharta in defence: Centre The inauguration of the TATA Aircraft Complex in Gujarat's Vadodara to manufacture C-295 military transport aircraft marks a key milestone in India’s journey toward Atmanirbharta in defence, as the country reached Rs 1.27 lakh crore in domestic defence production in FY24, the government said on Tuesday.  According to data from all defence public sector undertakings (DPSUs), other public sector units manufacturing defence items, and private companies, the value of defence pro...
TATA-Airbus facility to bolster India`s journey toward Atmanirbharta in defence: Centre
TATA-Airbus facility to bolster India`s journey toward Atmanirbharta in defence: Centre
Source: IANS
2024-10-29 01:00:01 pm
Quote on PLI Scheme and Atmanirbhar Bharat through HFCL solutions by Mr. Jitendra Singh Chaudhary, Executive President - Communications, HFCL Below the Quote on PLI Scheme and Atmanirbhar Bharat through HFCL solutions by Mr. Jitendra Singh Chaudhary, Executive President - Communications, HFCL   "With the government's focus on establishing telecom equipment manufacturing zones to attract FDIs and the PLI scheme, India is progressing towards Atmanirbhar Bharat in telecom infrastructures space. At HFCL, we are excited to contribute through design-led manufacturing of advanced communication solutions like Wi-Fi, Unl...
Quote on PLI Scheme and Atmanirbhar Bharat through HFCL solutions by Mr. Jitendra Singh Chaudhary, Executive President - Communications, HFCL
Quote on PLI Scheme and Atmanirbhar Bharat through HFCL solutions by Mr. Jitendra Singh Chaudhary, Executive President - Communications, HFCL
Source: PR Agency
2024-10-18 02:07:05 pm
India`s defence exports shoot up by 78 pc in April-June India’s exports of military hardware have recorded a 78 per cent jump to Rs 6,915 crore in the April-June quarter of the current financial year (2024-25) from Rs 3,885 crore in the same quarter of 2023-24 reflecting the continuing growth in the defence sector as the country marches towards the Atmanirbhar Bharat goal.  According to the Economic Survey 2023-24, tabled in Parliament on July 22, India recorded its highest-ever defence exports, totalling $2.5 billion (Rs.20,915 cror...
India`s defence exports shoot up by 78 pc in April-June
India`s defence exports shoot up by 78 pc in April-June
Source: IANS
2024-08-13 06:14:05 pm
WHO collaboration boosts India's position as leader in healthcare innovation: Minister The partnership with the World Health Organisation (WHO) for the production of medical devices strengthens India's position as a leader in healthcare innovation, the government has said.  Union Minister of State (Independent Charge) for Science and Technology, Dr Jitendra Singh, said that despite producing indigenous devices, we need to produce them at the required volume to meet the growing demand. Towards this, an MoU has been signed between Sree Chitra Tirunal Institute for ...
WHO collaboration boosts India's position as leader in healthcare innovation: Minister
WHO collaboration boosts India's position as leader in healthcare innovation: Minister
Source: IANS
2024-08-10 09:42:11 am
Public-private sector interventions to help India reach $1 trillion in merchandise exports As India strives to achieve $1 trillion in merchandise exports by FY30, the role of public and private sector interventions becomes crucial towards creating a robust export ecosystem, a new report said on Friday.  From an ‘Atmanirbhar Bharat’ to a ‘Viksit Bharat’, the country is taking rapid strides to move up the growth trajectory. A ‘VIKSIT framework’ by PwC India, launched by Minister of Commerce and Industry Piyush Goyal, can be leveraged over t...
Public-private sector interventions to help India reach $1 trillion in merchandise exports
Public-private sector interventions to help India reach $1 trillion in merchandise exports
Source: IANS
2024-08-09 04:52:31 pm
1,530 Indian-flagged vessels handling record 13.5 million gross tonnage: Minister In a boost for domestic capabilities while reducing dependency on foreign entities in the shipping sector, there has been a consistent rise in Indian tonnage and now, 1,530 vessels are Indian-flagged with 13.7 million gross tonnage (GT), the Parliament was informed on Tuesday.  According to Union Minister of Ports, Shipping and Waterways, Sarbananda Sonowal, 1,041 vessels with 1.7 million GT are now engaged in coastal trade (as of June). While 485 Indian-flagged vessels with 11.95 ...
1,530 Indian-flagged vessels handling record 13.5 million gross tonnage: Minister
1,530 Indian-flagged vessels handling record 13.5 million gross tonnage: Minister
Source: IANS
2024-08-06 04:17:47 pm
Area sown under kharif crops grows by 3 pc in current season India has recorded a 3 per cent increase in the area sown under Kharif crops to 904.60 lakh hectares so far this year, compared to 879.22 lakh hectares in the same period last year, according to the latest data compiled by Ministry of Agriculture. The area under key crops including paddy, pulses, oilseeds, millets, and sugarcane has gone up this year due to better monsoon rains which have facilitated the sowing in unirrigated areas of the country. The agriculture sector is expected to g...
Area sown under kharif crops grows by 3 pc in current season
Area sown under kharif crops grows by 3 pc in current season
Source: IANS
2024-08-03 02:01:12 pm
755 PLI applications approved with Rs 1.23 lakh crore investment; 8 lakh jobs created: Centre The Centre on Tuesday informed that 755 applications have been approved across 14 key sectors under the production-linked incentive (PLI) schemes and investment of Rs 1.23 lakh crore have been realised (till March), resulting in around 8 lakh jobs.  Keeping in view India's vision of becoming 'Atmanirbhar', PLI schemes for 14 key sectors were announced with an outlay of Rs 1.97 lakh crore (over $26 billion) to enhance the country’s manufacturing capabilities and expor...
755 PLI applications approved with Rs 1.23 lakh crore investment; 8 lakh jobs created: Centre
755 PLI applications approved with Rs 1.23 lakh crore investment; 8 lakh jobs created: Centre
Source: IANS
2024-07-31 10:01:53 am
Iron ore production doubles, limestone output jumps 37 per cent after mining sector reforms: Government The mining sector reforms introduced by the Centre have turned out to be "instrumental" in augmenting the production of key minerals in the country, Union Minister of Coal and Mines G. Kishan Reddy told the Parliament on Monday.   The production of iron ore has doubled from 129 million tonnes in 2014-15 to 258 million tonnes in 2022-23 while the production of limestone has jumped by 37.6 per cent from 295 million tonnes in 2014-15 to 406 million tonnes in 2022-23, the minist...
Iron ore production doubles, limestone output jumps 37 per cent after mining sector reforms: Government
Iron ore production doubles, limestone output jumps 37 per cent after mining sector reforms: Government
Source: IANS
2024-07-30 09:41:50 am
Outlook on Defence Stocks: Too Expensive or a Strategic Investment? By Rohit Sarin Co-Founder Client Associates As a wealth manager with over a decade of experience, I have observed various market trends and sectoral shifts. In the last five years, one sector that has gained notable momentum is defence. India’s defence sector, supported by government initiatives like “Make in India” and a growing emphasis on self-reliance, has experienced a significant rise in stock prices. With the upcoming budget, the critical question is: Are these defence stocks now too expensive, or do they st...
Outlook on Defence Stocks: Too Expensive or a Strategic Investment? By Rohit Sarin Co-Founder Client Associates
Outlook on Defence Stocks: Too Expensive or a Strategic Investment? By Rohit Sarin Co-Founder Client Associates
Source: PR Agency
2024-07-22 02:54:25 pm
MSMEs to be key force in movement towards Atmanirbhar and Viksit Bharat: Jitan Ram Manjhi Emphasizing the need to deepen and broaden the effort through an inclusive and focused approach especially in the rural areas and hinterland as per vision of the Prime Minister, Union Minister for MSME, Jitan Ram Manjhi has said that the MSMEs will be a key force in the movement towards Atmanirbhar and Viksit Bharat.  Union Minister further said that in a fast-changing industrial landscape, the MSMEs need to align themselves to adopting digital and technological solutions. He said as ...
MSMEs to be key force in movement towards Atmanirbhar and Viksit Bharat: Jitan Ram Manjhi
MSMEs to be key force in movement towards Atmanirbhar and Viksit Bharat: Jitan Ram Manjhi
Source: IANS
2024-06-28 03:52:33 pm
Revenue of private defence companies set to grow by 20% during the current financial year: CRISIL Ratings CRISIL Ratings in its latest report has said that the revenue of private defence companies is set to grow by 20 per cent during the current financial year 2024-25. It stated that the revenue of the 25 private aerospace and defence companies will surge by 20 per cent to approximately Rs 13,500 crore during the current fiscal year. The surge is propelled by higher government spending and concerted efforts by the government to encourage private participation in the defence sector. It highligh...
Revenue of private defence companies set to grow by 20% during the current financial year: CRISIL Ratings
Revenue of private defence companies set to grow by 20% during the current financial year: CRISIL Ratings
Source: Accord Fintech
2024-06-26 11:00:31 am
Private defence firms in India to clock 20 pc revenue growth in FY25 Propelled by strong government impetus and the ‘Atmanirbhar Bharat’ initiative, the revenue of the top 25 private aerospace and defence companies is set to grow 20 per cent to Rs 13,500 crore this fiscal (FY25), a report showed on Tuesday.  Operating margin is likely to rise 50-60 basis points on sustained revenue growth, economies of scale and better-fixed cost absorption, and should remain stable over the medium term, aided by price escalation clauses in contracts, accor...
Private defence firms in India to clock 20 pc revenue growth in FY25
Private defence firms in India to clock 20 pc revenue growth in FY25
Source: IANS
2024-06-25 04:37:44 pm
Bharat Dynamics posts 61% rise in Q3 net profit  Ammunition and missile manufacturer Bharat Dynamics has reported a 61 per cent in consolidated net profit at Rs 135 crore for the October-December quarter of 2023-24, compared to the corresponding figures of Rs 84 crore recorded in the same period of the preceding fiscal. The defence major’s revenue from operations grew 30 per cent year-on-year to Rs 602 crore during Q3 of the current financial year. Its EBITDA for the quarter went up by 32 per cent to Rs 119 crore. The c...
Bharat Dynamics posts 61% rise in Q3 net profit
Bharat Dynamics posts 61% rise in Q3 net profit
Source: IANS
2024-01-25 06:06:03 pm
Rapid growth requires cutting-edge technology: Nitin Gadkari Union Road Transport and Highways Minister Nitin Gadkari has emphasised the need of cutting-edge technology in all areas to guarantee the nation's rapid progress and stressed the part that students play in reaching the objective. He also insisted that before beginning any project, research ought to be goal-oriented and thoroughly market-analysed. He was addressing attendees at a special convocation of Assam Down Town University on Monday, where the honorary D. Litt. degree was award...
Rapid growth requires cutting-edge technology: Nitin Gadkari
Rapid growth requires cutting-edge technology: Nitin Gadkari
Source: IANS
2023-10-31 12:47:12 pm
High-quality standards to help India becoming developed economy by 2047: Piyush Goyal Food and Consumer Affairs Minister Piyush Goyal has said that high-quality standards in products and services will help India achieve its ambition of becoming a developed economy by 2047. He also stressed that ?standards must support creating robust enforcement ecosystem and that they are developed after extensive consultation with all stakeholder groups?.Goyal said standards are a cornerstone of domestic trade and export, a facilitator of innovation and efficiency contributing towards nation...
High-quality standards to help India becoming developed economy by 2047: Piyush Goyal
High-quality standards to help India becoming developed economy by 2047: Piyush Goyal
Source: Accord Fintech
2023-09-28 12:47:37 pm