The steepest year-on-year rise since 2009, with the United States, China and Russia leading the surge among the top ten spenders, whereas India became the fourth-largest military spender globally at USD 83.6 billion
Read MoreThe exercise set to be conducted in Meghalaya aims to enhance interoperability between two armies in carrying out semi-conventional operations in semi-urban/mountainous terrain
Read MoreThis grant aims to strengthen secure wireless communication for the Indian defence sector, especially the Navy, addressing communication challenges in modern warfare
Read MoreIn the fiscal year 2022-23, HAL invested USD 301 million in R&D, more than double the R&D spending of Bharat Electronics Limited (BEL), the second-highest R&D spender among Indian firms, which allocated USD 130 million
Read MoreMore progress on the defence deal is anticipated during German Chancellor Olaf Scholz's visit to India in the latter half of October
Read MoreIndia and the United States agreed to strengthen cooperation in high technology areas during a visit by White House National Security Adviser Jake Sullivan
Read MoreThis will necessitate an alteration of the capital clause in the company's Memorandum of Association, pending shareholder approval at the Annual General Meeting (AGM)
Read MoreThe report stated that the revenue of the 25 private aerospace and defence companies will surge by 20 per cent to approximately Rs 13,500 crore during the current fiscal year
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