The Cabinet Committee on Economic Affairs (CCEA) on Tuesday approved two schemes for promotion of solar power — one for the agriculture sector and the other for rooftops. The long-pending KUSUM scheme (Kisan Urja Suraksha evam Utthaan Mahabhiyan) was approved by the CCEA. The scheme consists of three components: 1. Setting up 10 GW grid-connected […]
Day: February 20, 2019
Aero India show: 2 Suryakiran jets crash during rehearsal, 1 pilot dead
Two aircraft of IAF’s aerobatic team Suryakiran crashed near the Yelahanka airbase here Tuesday, a day before the opening of the Aero India show, a top police official said. Both the pilots ejected to safety, Additional commissioner of Police (East) Seemanth Kumar Singh told PTI. It was not immediately clear whether the two aircraft collided […]
French aerospace firm Safran to set up manufacturing facility in Telangana
French aerospace company Safran on Tuesday announced that it was going to invest 36 million euros in Telangana to build a turbine component manufacturing facility for its advanced LEAP commercial jet engines. The new plant, set to come up near an electric wiring facility the company set up last year in GMR Special Economic Zone […]
Despite an urgent need, India keeps fighter jet makers waiting for decades
In the world of multibillion dollar defense contracts, India stands out. Home to one of the biggest armed forces on the planet, the country has an uneasy co-existence with neighbors Pakistan and China. Its rapidly aging fighter jets make it a lucrative potential prize for the likes of Lockheed Martin Corp. and Boeing Co. While […]
Saab proposes to make 96 Gripen jets in India to win Air Force deal
Swedish defence firm Saab AB, which is seeking to sell its Gripen fighter jets to the Indian Air Force, said on Tuesday it could offer to make most of them in a production facility likely to be set up in one of the southern cities. Saab is expected to face competition from rivals such as […]
PNC Infra, Sadbhav: 5 road construction stocks IDBI Capital is betting on
Despite the near-term headwinds such as the upcoming general elections that can slow the contract awarding activity, analysts at IDBI Capital remain bullish on the road ahead for the road construction sector. The fact that construction companies are fully dependent on government for orders makes it an important event for companies in the road construction […]