Share market update: Telecom shares mixed; Vodafone Idea surges 11%
The S&P BSE Telecom index was trading 0.44 per cent up at 1240.2 .
HAL to provide IAF with 83 Tejas fighters in Rs 39,000 crore deal
The biggest deal in the indigenous military aviation sector has been finalised, with the overall cost of IAF acquiring 83 single-engine Tejas fighters and their support package from HAL being slashed from the earlier around Rs 56,500 crore to Rs 39,000 crore. The over Rs 17,000 crore reduction in cost has come after hard-nosed negotiations.
PM Modi to flag off third IRCTC train from Varanasi
Modi will flag off the third IRCTC operated train Kashi Mahakal Express via video conferencing from Varanasi, where he is slated to launch 36 projects worth Rs 1,057 crore. Earlier the IRCTC has successfully launched two Tejas Express trains on New Delhi-Lucknow and Mumbai-Ahmedabad routes.
Ready to help India on Tejas and advanced combat aircraft projects: Lockheed Martin
"We are very open to any requirement from the government of India or the Indian Air Force for any help for the Tejas as well as the AMCA (advanced multi-role combat aircraft) project," Vivek Lall, vice president of Strategy and Business Development for Lockheed Martin told PTI in an interview without divulging specifics.
Thales to expand presence in India, says France supports company's resolve to share critical technology
Thales, which has been in India since 1953, provides solutions, services and products to customers in the aeronautics, space, transport, digital identity and security, and defence markets in 68 countries. In the last couple of years, Thales has been investing in digital innovations with a focus on big data, artificial intelligence and cyber security.
Hotel industry association writes to railways ministry about IRSDC RFP
Industry associations, hospitality stakeholders want IRSDC to broaden selection criteria in its RFP to include experienced hospitality players for developing upcoming hotels at railway stations. The association further said the clause 2.2 of the RFP doesn't recognise service providers from the hospitality industry for participation in the bidding process.
Share market update: Telecom shares mixed; Tejas Network climbs 4%
The S&P BSE Telecom index was trading 0.12 per cent down at 1187.33.
India to get 100 more airports, more Tejas-type trains
Finance Minister Nirmala Sitharaman on Saturday said 100 more airports will be developed by 2025 to support the UDAN scheme.
Budget 2020: More Tejas trains to connect iconic tourist destinations on the cards
Finance minister Nirmala Sitharaman announced that more Tejas trains are on the cards to connect iconic tourist destinations. Electrification of 27,000 km of tracks is also planned.
We propose full technology transfer for engine to power next gen fighters: French manufacturer Safran
Our technologies make France one of the four countries in the world to master the complete development of a fighter jet engine. And if India needs us on this particularly strategic field, we will be there. Safran is definitely ready for a partnership with India, with the full support of the French government, Safran said.
India to have 10 more defence attaches in 10 countries
The Defence PSUs have also opened offices for their liaison officers in different countries like Vietnam, Singapore, Myanmar and Oman. An Export Promotion and Investor Cell has been set up under the Department of Defence Production to facilitate Indian companies’ efforts for exports.
Share market update: Telecom shares rise; ITI jumps 6%
The S&P BSE Telecom index was trading 1 per cent up at 1224.21 .
Railways clears tracks for greater private play
The move to provide more private passenger trains and increase solar capacity for the Indian Railways in the budget is focused on giving opportunities to the private sector as well as promote domestic manufacturing.
Ideological Push: Work soon on Indus Valley sites
In keeping with the BJP’s ideological push to promoting the country’s culture and heritage, the culture ministry will also develop Shiv Sagar in Assam, the capital of the Ahom Rajas and Adichanallur, the capital of Pandian kings in Tamil Nadu.
Ahmedabad-Mumbai Tejas Express flagged off today
This is the IRCTC's second premium train after the inaugural Tejas Express which operates between Delhi and Lucknow. The regular commercial run of the train will begin on January 19 from Ahmedabad, the Railways said.
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