New Delhi, March 1 (IANS) Brent crude could climb above $90 per barrel with Strait of Hormuz disruption or exceed $100 per barrel in a broader regional conflict, a report said on Sunday.The report from JM Financial Institutional Securities said the crude has already climbed to about $72.8 per barrel and limited retaliation could add $5–10 per barrel, while direct damage to Iranian oil infrastructure could add $10–12 per barrel.Every $1 rise in crude increases India’s annual import bill by …
Latest HAL News & Updates
Panaji, Feb 13 (IANS) Director General of Indian Coast Guard Paramesh Sivamani on Friday inaugurated a waterjet production and testing facility in Goa, marking a significant milestone in India’s pursuit of maritime Aatmanirbharta, a statement said. With this advanced production and testing facility under the Manufacturing and Transfer of Technology framework, India becomes the third country globally, after the US and South Korea, to host such a facility, it said.The newly inaugurated facili…
New Delhi, Feb 12 (IANS) The Defence Ministry on Thursday said it has signed a contract with Hindustan Aeronautics Limited (HAL) for the acquisition of eight Dornier 228 aircraft along with operational role equipment for the Indian Coast Guard (ICG) for Rs 2,312 crore.The order is expected to generate significant direct and indirect employment by strengthening the HAL’s production ecosystem and supporting a broad network of MSMEs and ancillary industries.It will also create sustained opportuni…
Mumbai, Feb 12 (IANS) Hindustan Aeronautics Limited (HAL) on Thursday reported a strong financial performance for the December quarter of the current financial year (Q3 FY26) as the defence public sector company posted a 29.6 per cent year-on-year rise in its consolidated net profit.HAL’s profit after tax for the quarter stood at Rs 1,866.66 crore, compared to Rs 1,439.79 crore in the same period last financial year (Q3 FY25), according to an exchange filing.The company’s revenue from operat…
New Delhi, Feb 5 (IANS) Prime Minister Narendra Modi, replying to the Motion of Thanks to President’s rule in Rajya Sabha on Thursday, contrasted the drastic change brought in key sectors, including banking, NPAs, Public Sector Enterprises (PSUs), driven by the reforms undertaken by his government. Reiterating the NDA government’s resolve to “reform, perform and transform”, PM Modi said that a slew of reforms were initiated after 2014, and this resulted in flourishing growth in various secto…
Hyderabad, Jan 30 (IANS) Union Minister for Civil Aviation K. Ram Mohan Naidu said on Friday that Wings India exhibition stands as a strong testament to the world’s confidence in India’s aviation growth story. The minister shared his experience at the exhibition organised as part of Wings India, the civil aviation summit, which entered its third day at Begumpet Airport here.“A vibrant and immersive experience at the Wings India exhibition, which truly showcases the scale, diversity and amb…
New Delhi, Jan 25 (IANS) With its unmatched scale, global participation and strategic focus, Asia’s largest civil aviation event, ’Wings India 2026’, is set to be a defining moment for the global aviation community, the government said on Sunday.The event, scheduled from January 28–31 at Begumpet Airport, Hyderabad, will be formally launched by Civil Aviation Minister Rammohan Naidu, in the presence of senior dignitaries from India and abroad.With over 150 exhibitors, 7,500 business visi…
New Delhi, Jan 4 (IANS) The Indian Air Force on Sunday commemorated the 25th anniversary of home grown Tejas Light Combat Aircraft’s (LCA) historic first flight. “On the 25th anniversary of Tejas LCA’s historic first flight, #IAF reflects on enduring partnership in building this fighter. Congratulations to ADA’s innovative scientists, HAL’s skilled engineers, brave IAF & IN test pilots/engineers, and all IAF personnel who’ve championed self-reliance. Sky is the limit!” said the IAF in …
New Delhi, Jan 1 (IANS) Union Sports Minister Mansukh Mandaviya had a heartwarming interaction with the Arunachal Pradesh U-16 cricket team at the Surat Airport on Thursday as the young players arrived to take part in the Vijay Merchant Trophy. The minister extended New Year wishes and expressed his joy after meeting the budding cricketers.The young boys from Arunachal Pradesh have come to Surat to play the Vijay Merchant Trophy match. The Union Minister felt heartfelt after meeting the young bo…
Union Sports Minister Mansukh Mandaviya on Wednesday virtually inaugurated the foundation stone laying ceremony for a state-of-the-art High Performance Centre (HPC) at the Sports Authority of India’s Netaji Subhas Southern Centre (NSSC), Bengaluru. The virtual ceremony was attended by senior officials from the Ministry of Youth Affairs and Sports, SAI, and HAL, alongside eminent sportspersons, coaches, and sports science experts.The proposed High Performance Centre, with a total project cost o…