New Delhi, June 10 (IANS) The Ministry of Defence on Wednesday signed a contract with Accord Software and Systems Private Limited (ASSPL), Bengaluru, for the procurement of 20 enhanced capability global navigation satellite system (ECGNSS) jammers for the Indian Navy at a total cost of Rs 449 crore, with the product will have a minimum 75 per cent indigenous content, an official statement said.The system’s capabilities include degrading the satellite signal acquisition and tracking performance…
Latest private sector News & Updates
New Delhi, June 7 (IANS) The Centre has assured the state governments of unlocking the full potential of the fisheries sector through a whole-of-government approach to achieve the Rs 1 lakh crore target for seafood exports while creating greater opportunities for fishers, farmers, processors, startups, and MSMEs, according to an official statement issued on Sunday.The National Workshop on Seafood Exports, which concluded at Visakhapatnam this weekend, highlighted a shared commitment among Centra…
New Delhi, May 31 (IANS) Union Minister of State (Independent Charge) for Science and Technology Dr Jitendra Singh on Sunday said that India has transformed from being a technology follower to a technology leader over the last 12 years under Prime Minister Narendra Modi, laying a strong scientific and technological foundation for the vision of Viksit Bharat @2047.Speaking during a podcast, Dr Singh said India is now increasingly participating in the development of frontier technologies at the gl…
Shirdi, May 23 (IANS) Amid shifting global security theatres, including the Russia-Ukraine war and the West Asia conflict, Defence Minister Rajnath Singh on Saturday remarked that modern conflicts have shattered traditional assumptions about warfare. “The biggest difference in future wars will not depend on how many soldiers you have, but on how advanced and capable your country is from the perspective of munition volumes and automated systems,” he said.Singh asserted that “the country that manu…
New Delhi, May 21 (IANS) Growth across India’s private sector economy saw a marginal contraction in May amid the geo-political tensions, with HSBC Flash India PMI Composite Output Index standing at 58.1, compared to 58.2 in April, which signalled another marked expansion in private sector activity, it was announced on Thursday.Underlying data showed that a pick-up in growth across the service economy was offset by a weaker increase in factory production.After retreating in April, input price inf…
Prayagraj, May 5 (IANS) Union Minister of State for Science and Technology Dr Jitendra Singh said on Tuesday that in the last decade, India has transitioned from being a major importer of defence equipment to an emerging exporter, with defence production recording a 174 per cent leap to Rs 1.54 lakh crore while exports grew 34 times to Rs 23,622 crore. The Minister said a substantial contribution of around Rs 15,000 crore to total exports came from the private sector, reflecting a major shift to…
Seoul, April 20 (IANS) South Korea and the United States have agreed on enhancing cooperation to fight money laundering activities in the Asia-Pacific region, Seoul’s financial regulator said on Monday.Earlier this week, Lee Hyung-ju, commissioner of the Korea Financial Intelligence Unit (KoFIU), met Andrea Gacki, director of the Financial Crimes Enforcement Network (FinCEN), a bureau of the U.S. Department of the Treasury, in Washington, according to the Financial Services Commission (FSC).The …
Washington, April 14 (IANS) The global economy has taken a hit from the ongoing conflict in the Middle East, with growth projections lowered despite strong underlying momentum driven by technology investment and private sector resilience, the International Monetary Fund (IMF) said Tuesday.Speaking during a group interview with reporters from India, Japan, the UAE, the Netherlands and Chile, IMF Chief Economist Pierre-Olivier Gourinchas said the conflict has reversed earlier expectations of a mod…
New Delhi, April 10 (IANS) NITI Aayog released two reports titled Ease of Doing Research & Development in India and the Survey Report on Ease of Doing R&D in India on Friday, aimed at enabling a more efficient, facilitative, and innovation‑driven research ecosystem in the country. The reports provide a comprehensive assessment of India’s research and development ecosystem and outline actionable recommendations to improve funding mechanisms, institutional governance, regulatory fra…
New Delhi, April 9 (IANS) Minister of State for Science and Technology, Dr Jitendra Singh, on Thursday called upon the private sector to step up participation in research and development (R&D), stressing that stronger industry engagement is key to building a robust innovation ecosystem in India.The minister said the government has taken several enabling measures, including opening up sectors such as space and nuclear energy to private players and introducing mechanisms like the Research, Dev…