News: India’s retail inflation unexpectedly slowed despite crop damage from unseasonal rains, boosting the possibility that central bank Governor Raghuram Rajan will cut rates outside the review cycle for a third time this year. While India’s inflation has slowed from an average of 6.7 percent last year, its still the ...

News: Karbonn will open assembly lines in Noida and Bengaluru and a factory in Hyderabad within the next 12 months, executive director Shashin Devsare said. Karbonn, a joint venture between the Bengaluru-based United Telelinks Ltd and Noida-based Jaina Marketing and Associates Pvt, Ltd, is seeking to test the waters for a manufacturing push under Modi’s ...

News: Airbus Helicopters, Mahindra Defence Naval Sustems and Britain’s Ultra Electronics have come together to build and supply new generation advanced systems. Their offerings will also include anti-submarine warfare vessels, submarine safety equipment and sono-buoys. Mahindra Defence Chairman S P Shukla said, “The Navy has been importing a major part of underwater ...

News: The Army is creating heli-hubs for their maintenance in operational areas near the borders. The proposal to establish two such heli-hubs, one each in the Northern Command and the Eastern Command, has been approved by Defence Minister Manohar Parrikar. The establishment of these two heli-hubs will enhance the serviceability ...

News: The recent hike in FDI limit to 49% is expected to bring more investments, particularly from Russia into the defence sector. ASSOCHAM Secretary General Mr D S Rawat said, “Russia has been a trusted and an old friend of India . However, due to geo-political reasons, the country has ...

News: Under the historic Land Boundary Agreement (LBA), 50 teams began the survey in 111 Indian enclaves in Bangladesh while 25 teams went inside India to carry out the identical task in 51 enclaves in India. A total of 37,369 people live in the 111 Indian enclaves inside Bangladesh while 14,215 ...

News: The Union Steel & Mines Minister Narendra Singh said Indian steel industry is growing at a reasonably good pace and last year the growth in crude steel production in India was more than 8%. He added India is working towards achieving 300 million tonnes (MT) target in the next 10 ...

News: Google India, in partnership with Tata Trust announced the launch of an initiative named ‘Internet Saathi’ which aims to impart Internet literacy to women in rural India and help them use the technology in their daily lives. With this joint venture, Anandan,VP and MD of Google Southeast Asia and ...

News: According to the World Bank Doing Business Report 2015, India occupies the 142nd position and the government aims to improve the business investment climate in the country in shortest possible time. Russian companies have felt echoes of the “Make in India” concept. Alexey Ulyukaev, Russia’s Minister for Economic Development, talked ...

News: The Excalibur is an improved version of the INSAS rifle and fires 5.56×45 mm ammunition. It has full-automatic capability over the INSAS. barrel is shorter by 4 mm, has a side folding butt stock and features a Picatinny rail, a universal mount that allows a range of weapon sights ...