'Still waiting for 40 Tejas jets that were ordered in 2010': IAF chief

The Indian Navy has awarded Kirloskar Oil Engines Limited a project sanction order under Make-I category for the design and development of a 6MW Medium Speed Marine Diesel Engine, with over 50% indigenous content, at a cost of Rs 270 crore. This initiative, aimed at achieving self-reliance in marine engine development, will strengthen indigenous capabilities and reduce dependency on foreign Original Equipment Manufacturers (OEMs). The project, funded 70% by the Government of India, will contribute...

The Trump administration has imposed a 25% tariff on the global automotive and auto component industry, sparking uncertainty. The Indian Auto Component Manufacturers Association (ACMA) is hopeful that ongoing negotiations between India and the US will lead to a balanced resolution to benefit both economies. The tariff will affect auto manufacturers immediately and auto component manufacturers a month later, impacting exports to the US, including companies like Samvardhana Motherson, Sona Comstar, and Bharat Forge. Full...

Bharat Forge Chairman Baba Kalyani announced that the company has supplied 100 guns, including 18 ATAGs, to various countries, including those in Europe, before providing them to the Indian Army. Kalyani expressed pride in India's ability to manufacture and export artillery guns, aiming to become the world's largest artillery producer by 2030, with a focus on developing advanced artillery systems. He highlighted the growing global interest in their products and the company's commitment to expanding...

India is considering adopting new international standards, specifically the World Geodetic System 1984 (WGS84) datum, to calculate the exact coordinates of its shoreline and baselines, moving away from the outdated Everest Ellipsoid system. This shift may result in an increase in India's maritime borders, impacting territorial waters and Exclusive Economic Zones (EEZ) by a few meters to a few hundred meters. The Ministry of External Affairs is discussing aligning the new system with global standards,...

Defence technology startup Tonbo has secured Rs 175 crore in Series D funding from Florintree Advisors and EXIM Bank ahead of its upcoming IPO, valuing the company at '1,500 crore. Founded in 2012, Tonbo is known for its advanced vision equipment used in the global security and defence industry, with key investors including Artiman and Qualcomm. The company, inspired by the dragonfly's exceptional visual capabilities, offers military equipment such as night vision goggles and thermal...

The Waqf Amendment Bill aims to enhance the administration and management of waqf properties in India, addressing complexities and introducing technology-driven management. Union Minority Affairs Minister Kiren Rijiju defended the bill in Lok Sabha, emphasizing its constitutionality and the extensive consultation process undertaken by a Joint Parliamentary Committee. The bill's passage in Lok Sabha signifies a step towards improving the efficiency of Waqf boards and registration processes, without interfering in religious institutions. Full Article