According to IIFL report, these firms allocate only 1.2 per cent of their revenue to R&D, markedly lower than the global average of 3.4 per cent. This gap highlights a need for increased investment in innovation to keep pace with global standards.
In a boost for made-in-India weapon systems, the Indian Navy is going to place orders for four Tapas drones built in India by the Defence Research and Development Organisation (DRDO).
In a big boost for Made in India in defence, Hindustan Aeronautics Limited (HAL) on Monday said the Defence Ministry has issued a Request for Proposal (RFP) for 156 Light Combat Helicopters (LCH)
Chairman of ISRO S. Somanath inaugurated state-of-the-art Propellant Tank Production and CNC Machining facilities at HAL's Aerospace Division on Wednesday in Bengaluru.
In a significant development, the first LCA Mark 1A fighter aircraft is expected to be delivered to the Indian Air Force by Hindustan Aeronautics Limited by July this year.
He announced that 26 soldiers withdrew from Gan between March 7-9, while another 25 soldiers withdrew from Hanimaadhoo between April 7-9 and 12 withdrew from Kadhdhoo on May 7.
Accordingly, the Cabinet approval has been received to hand over the management of Mattala Rajapaksa International Airport to Shaurya Aeronautics Pvt. Ltd of India and Airports of Regions Management Company of Russia or an affiliated company thereof for a period of 30 years.
The Defence Ministry has issued a tender to the public sector firm Hindustan Aeronautics Limited for buying made in India 97 LCA Mark 1A fighter jets expected to be worth over Rs 65,000 crore.
The Total Solar Eclipse is set to grace selected regions of Mexico, the United States and Canada, and will offer a rare opportunity for viewers to anticipate a multitude of awe-inspiring moments as it won't appear across this part of the world again until 2046.
HAL recorded the highest ever revenue from operations of over Rs. 29,810 crores (provisional and unaudited) for the financial year ended on March 31, 2024.