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Defence stocks including Garden Reach Shipbuilders, Hindustan Aeronautics, Paras Defence, Cochin Shipyard, among others rallied up to 6% on Wednesday, after the government approved five capital acquisition proposals worth ₹21,772 crore to improve the country’s defence preparedness. Garden Reach Shipbuilders & Engineers share price led the rally with gains of 6.2%, Paras Defence and Space Technologies shares surged as much …

Bengaluru’s HAL airport, which served as the city's primary air traffic hub until 2008, is gearing up for a significant upgrade, reported The Indian Express. Under the concession agreement signed in 2004, Bengaluru's HAL Airport is slated to reopen for civilian operations According to the report, the HAL airport handles about 12 small aircraft daily, including those used by defence …

In a highly anticipated day for earnings announcements, major players, including Hero MotoCorp, Lemon Tree Hotels, Hindustan Aeronautics Ltd, and Glenmark Pharmaceuticals, are set to reveal their second-quarter financial results for the quarter ending September 30, 2024. 1,181 firms that will post Q2FY2025 earnings First Custodian Fund, Fourth Generation Information Systems, A2Z Infra Engineering, Akar Auto Industries, Aarcon Facilities, Aarey …

New Delhi: In a significant boost to the country’s self-reliance drive and the military’s combat readiness, India on Thursday gave its go-ahead to major projects worth Rs.2.23 lakh crore, including the purchase of more light combat aircraft, light combat helicopters, artillery guns and anti-ship missiles, and the upgrade of Sukhoi-30 fighters. The approval for additional LCA Mk-1As comes almost three …

PM Modi to visit Bengaluru today, review HAL manufacturing facility including Tejas

Prime Minister Narendra Modi on Saturday will visit and review the Hindustan Aeronautics Limited manufacturing facility in Bengaluru including the facility for Tejas jets, officials informed. "The prime minister will review and visit the HAL's manufacturing facility, including the facility for Tejas jets," a source said. Several countries have shown interest in buying Tejas, a light combat aircraft, and US …

India's defence ministry had cleared nine procurement proposals of around ₹45,000 crore, including ones to acquire 12 Su-30 MKI fighter jets, maufactured by Hindustan Aeronautics Limited. "All these procurements will be made from Indian vendors under Buy /Buy category which will give substantial boost to the Indian defence Industry towards achieving the goal of 'Aatmanirbhar Bharat'," the defence ministry said. …

NEW DELHI : Embraer Defense & Security is in talks with five Indian entities, including Hindustan Aeronautics Ltd and Tata group, to manufacture defence transport aircraft in India, a top executive at the Brazilian plane maker said. We are talking to four or five companies to discuss the MTA programme, and these companies are from both the government and private …

The top scientist at GlaxoSmithKline will leave the pharma giant to help lead a start-up founded by a cadre of billionaires who seek immortality. Billionaires including Amazon founder Jeff Bezos and Russian venture capitalist Yuri Milner are funding the biotechnology firm with the aim of discovering a way to reverse aging. Veteran drug developer Hal Barron, 58, will step down …