Increases in both operational revenue and operational growth helped propel Bharat Electronics Limited’s (BEL) consolidated net profit up 4.61 percent in the most recent quarter of fiscal year 26. Compared to the same quarter in FY25, the state-owned defence equipment manufacturer reported a higher consolidated net profit of 2,225.22 crore in the March quarter, as […]
Regardless of whether the US sanctions are waived, a senior official from India’s Petroleum Ministry stated on Monday that the country will keep buying crude oil from Russia due to economic feasibility and energy security concerns. Sujata Sharma, joint secretary of India’s petroleum and natural gas ministry, stated that the country’s crude procurement strategy is […]
Bharat Forge Limited, through its Aerospace business, signed a Memorandum of Understanding (MoU) with the Government of Andhra Pradesh to establish India’s first private-sector Marine Gas Turbine (MGT) Repair, Overhaul and indigenous Development complex at Visakhapatnam, over an ~80 acres within the Andhra Pradesh Defence Manufacturing Corridor. The MoU was signed by Mr. Guru Biswal, […]
On Monday, India’s Defence Minister Rajnath Singh touched down in Hanoi, Vietnam, to begin a two-day visit to Vietnam under the recently upgraded India-Vietnam Enhanced Comprehensive Strategic Partnership, with the goal of deepening strategic military ties and increasing defence cooperation. Enhanced Comprehensive Strategic Partnership was established during the state visit of Vietnamese President To Lam […]
As Washington gets ready for a string of significant global engagements later this year, Secretary of State Marco Rubio announced on Monday that the United States will host the G20 Foreign Ministers’ Meeting in Atlanta, Georgia, on October 30-31. Foreign ministers from the world’s top economies will gather at the ministerial meeting to further the […]
On Tuesday, Prime Minister Narendra Modi will travel to Oslo for the 3rd India-Nordic Summit. During the summit, agenda items include deepening strategic partnerships between the two countries in the areas of renewable energy, trade, sustainability, defence, and technology. Various Nordic leaders, including Prime Ministers Jonas Gahr Støre of Norway, Mette Frederiksen of Denmark, Petteri […]
Defence technology company Tonbo Imaging has been awarded a contract by the Indian Navy under the ADITI 3.0 innovation framework to integrate and commission a High Power Microwave (HPM) system for naval platforms. The programme is supported by iDEX and the Defence Innovation Organisation (DIO) under the Ministry of Defence, Government of India. Under the […]
On Monday, Prime Minister Narendra Modi was in Oslo for the India-Norway Business and Research Summit, which showcased the expanding economic ties between the two nations after the Trade and Economic Partnership Agreement (TEPA) between India and EFTA came into effect. Over 250 people, including CEOs from over 50 companies, from the business and research […]
The Board of Indian Oil Corporation Limited (IndianOil) has given the go-ahead for a 50:50 partnership with M11 Energy Transition Pvt. Ltd. to establish a 100 KTPA HEFA-based Sustainable Aviation Fuel (SAF) project in Paradip, as part of a larger effort to promote environmentally friendly aviation fuel. Preliminary approvals from NITI Aayog and DIPAM are […]
Launching a hydrogen-powered shuttle bus service in the Central Vista area, the Delhi Metro Rail Corporation has taken a significant stride toward environmentally friendly public transportation in the nation’s capital. The initiative was launched in partnership with the Ministry of Housing and Urban Affairs and the Ministry of Petroleum and Natural Gas. Indian Oil Corporation […]
