What would be your reaction if you were told that your money grows 5% everyday? Yes, you read that right, 5% upward everyday. Paras Defence and Space Technology is a company that got listed in the stock market just recently. The IPO was subscribed over 300 times, which in itself was a record in Indian … Read more
Prime Minister Narendra Modi on Tuesday reaffirmed India’s commitment to safeguarding freedom of navigation and combating piracy and terrorism in the Indian Ocean region. His remarks came in response to a message from Bulgarian President Rumen Radev, expressing gratitude for the safe return of seven Bulgarian nationals. On Monday, the Bulgarian President expressed his gratitude … Read more
In a major development, the Cabinet Committee on Security has cleared the project to design and develop the Advanced Medium Combat Aircraft fifth generation stealth fighter jet project to be undertaken by the DRDO. Under the around Rs 15,000 crore project, Defence Research and Development Organisation’s Aeronautical Development Agency would develop the stealth fighter jet … Read more
In a mega boost for the Indian Navy, the Cabinet Committee on Security has cleared the acquisition of over 200 BrahMos extended-range supersonic cruise missiles for deployment on its warships. The deal worth around Rs 19,000 crore was cleared in a meeting held on Wednesday evening, top government sources told ANI. The contract is set … Read more
The Defence Acquisition Council (DAC), under the chairmanship of Defence Minister Rajnath Singh, accorded approval for Acceptance of Necessity (AoNs) for various capital acquisition proposals amounting to Rs 84,560 crore, an official statement said. According to the statement from the Ministry of Defence, in the true spirit of ‘Aatmanirbharta’, the approvals accorded on Friday, lay … Read more