New Delhi: India today gave its approval for procurement of $1.8-billion worth of weapons and military equipment for its armed forces, focusing on buying domestic products worth $1.55 billion among them. The Defence Acquisition Council (DAC), chaired by Minister of Defence Rajnath Singh, accorded Acceptance of Necessity (AoN) […]
By N. C. Bipindra New Delhi: India today took the long-awaited decision to dismantle the British-era ordnance factories and to create seven new state-run corporate entities that will handle manufacturing of weapons for the armed forces. The ordnance factories corporatisation move has been initiated to bring in efficiency, […]
New Delhi: Less than a month after information technology major Infosys Limited said it will invest an additional $1 million (about Rs 7.2 crore) in ideaForge Technology Private Limited, the drone maker has attracted another round of $2 million investment (about Rs 15 crore) in a venture debt […]
