logo
India receives Airbus C-295 military transport aircraft from Spain

India receives Airbus C-295 military transport aircraft from Spain

India on Saturday received the last of its 16 Airbus C-295 military transport aircraft from Spain, marking an important milestone in strengthening its defence capabilities, the Indian Embassy in Spain said.
The C-295, a transport aircraft of 5-10 tonne capacity with contemporary technology, is set to replace the ageing Avro aircraft of the IAF.
Indian Ambassador to Spain Dinesh K Patnaik, along with senior Indian Air Force officials, received the last of the 16 Airbus C-295 military transport aircraft at the Airbus Defence and Space assembly line in Seville, the Indian mission posted on social media.
'The delivery, two months ahead of schedule, marks an important milestone in strengthening India's defence capabilities,' it added.
The aircraft, with a flight endurance of up to 11 hours, is a versatile and efficient tactical transport aircraft.
India signed a contract with Airbus Defence & Space, Spain, for acquisition of 56 C-295MW transport aircraft for IAF in Sep 2021. Under the C-295 programme, a total of 56 aircraft are to be delivered, of which 16 were to be delivered directly by Airbus from Spain, and the remaining 40 will be manufactured in India.
Spain fulfilled that commitment on Saturday by handing over the last of the 16 aircraft.
Prime Minister Narendra Modi and his Spanish counterpart, Pedro Sanchez, had jointly inaugurated the TATA Aircraft Complex for manufacturing C-295 aircraft at TATA Advanced Systems Limited (TASL) Campus in Vadodara, Gujarat, in October last year.
TASL is responsible for making these 40 aircraft in India.
This facility becomes the first private sector Final Assembly Line (FAL) for military aircraft in India.
It will involve the full development of a complete ecosystem from the manufacture to assembly, test and qualification, to delivery and maintenance of the complete lifecycle of the aircraft.
Apart from Tatas, leading defence public sector units such as Bharat Electronics Ltd. and Bharat Dynamics Ltd, as well as private Micro, Small and Medium Enterprises will contribute to this programme.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Breakout stocks to buy or sell: Sumeet Bagadia recommends five shares to buy today —  4 August 2025
Breakout stocks to buy or sell: Sumeet Bagadia recommends five shares to buy today —  4 August 2025

Mint

time12 minutes ago

  • Mint

Breakout stocks to buy or sell: Sumeet Bagadia recommends five shares to buy today — 4 August 2025

Breakout stocks buy or sell: Indian stock markets ended sharply lower on Friday, August 1, as broad-based selling pressure marked a weak start to the August derivatives series. The downturn was fueled by concerns over tariffs, disappointing corporate earnings, and persistent foreign fund outflows. The Sensex declined by 586 points, or 0.72 per cent, closing at 80,599.91, while the Nifty 50 slipped 203 points, or 0.82 per cent, to settle at 24,565.35. Broader market indices witnessed even deeper cuts, with both BSE Midcap and Small-cap indices registering sharper losses. Sumeet Bagadia, Executive Director at Choice Broking, believes that Indian stock market sentiment is cautious as the Nifty 50 index is trading in the 24,500 to 24,950 range. Speaking on the outlook of Indian stock market, Bagadia said, ' Bullish or bearish trend can be assumed on the breakage of either side of this range. So, one should maintain stock-specific approach and look at those stocks that are looking strong on the technical chart. Looking at breakout stocks can be a good option." Sumeet Bagadia recommends five breakout stocks to buy today: Supreme Petrochem, Best Agrolife, Cupid, Radico Khaitan, and Advanced Enzyme Technologies. 1] Supreme Petrochem: Buy at ₹ 834, target ₹ 895, stop loss ₹ 805; 2] Best Agrolife: Buy at ₹ 512.35, target ₹ 555, stop loss ₹ 493; 3] Cupid: Buy at ₹ 158.21, target ₹ 170, stop loss ₹ 151.5; 4] Radico Khaitan: Buy at ₹ 2838.8, target ₹ 3030, stop loss ₹ 2727; 5] Advanced Enzyme Technologies: Buy at ₹ 360.35, target ₹ 385, stop loss ₹ 347. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.

PM Modi defiant as Trump steps up pressure on India's Russia oil purchases
PM Modi defiant as Trump steps up pressure on India's Russia oil purchases

Economic Times

time12 minutes ago

  • Economic Times

PM Modi defiant as Trump steps up pressure on India's Russia oil purchases

Prime Minister Narendra Modi struck a defiant tone in the face of US President Donald Trump's tariff threats, urging the nation to buy local goods as his administration signaled it would continue buying Russian government hasn't given India's oil refiners instructions to stop buying Russian oil, and no decision has been taken on whether to halt the purchases, people familiar with the situation told Bloomberg, asking not to be named due to the sensitivity of the matter. Both state-run and private refiners are allowed to buy from preferred sources, and crude purchases remain a commercial decision, several of the people the weekend, Modi underscored the importance of shielding India's economic interests during uncertain global conditions. The comments came just days after the Trump administration imposed a 25% tariff on Indian exports to the US. The White House is also threatening more action if India continues Russian oil purchases. 'The world economy is going through many apprehensions — there is an atmosphere of instability,' Modi said at a rally in the northern state of Uttar Pradesh on Saturday. 'Now, whatever we buy, there should be only one scale: we will buy those things which have been made by the sweat of an Indian.' India has become one of Trump's top targets as he looks to pressure Russian President Vladimir Putin to end his war in Ukraine. The US president lashed out at India last week, criticizing it for joining the BRICS grouping of developing countries and maintaining close ties with Russia, saying 'they can take their dead economies down together.' The rebuke marked a stunning shift in tone for the US, which for years had overlooked India's close historical ties with Russia as it courted the nation as a counterweight in Asia to China. Now, Trump appears willing to undo that strategy to gain leverage against Putin, who has resisted the US president's efforts to end the fighting in Ukraine. Stephen Miller, Trump's deputy chief of staff, on Sunday accused India of imposing 'massive' tariffs on American goods and 'cheating' the US immigration system in addition to purchasing about as much Russian oil as China. 'President Trump, he wants a tremendous relationship and has had always a tremendous relationship with India and the prime minister,' Miller said. 'But we need to get real about dealing with the financing of this war.''So, President Trump, all options are on the table to deal diplomatically, financially and otherwise with the ongoing war in Ukraine, so we can achieve peace,' Miller last week told reporters he 'heard' India would no longer be buying oil from Russia, calling it 'a good step.' Bloomberg reported last week that refiners were told to come up with plans for buying non-Russian crude, but one of the people said the instruction amounted to scenario planning in case Russian crude were to become New York Times reported Saturday that India would keep buying Russian crude despite a threat of penalties from Trump, citing two senior Indian officials it didn't identify. An Oil Ministry spokesperson didn't reply to messages from Bloomberg seeking comment outside of regular business refiners have been singled out by the European Union and the US for supporting Moscow during its war in Ukraine with the oil purchases. It has become the world's biggest buyer of Russian seaborne exports of crude, soaking up discounted barrels and ramping up its purchases from almost zero to about one-third of its China is the primary economic and diplomatic backer of Russia, Trump's leverage against the world's second-biggest economy is limited due to Beijing's control of rare-earth magnets the US needs to make high-tech goods. The US and China have held talks in recent months aimed at stabilizing the relationship after they both hiked tariffs on each other's goods well beyond 100% earlier this year. India has defended its ties with Russia, one of its biggest suppliers of weapons dating back to the Cold War. The two nations have a 'steady and time-tested partnership,' Indian Foreign Ministry spokesperson Randhir Jaiswal told reporters on Friday. 'Our bilateral relationships with various countries stand on their own merit and should not be seen from the prism of a third country,' Jaiswal said. Asked about ties with the US, he added that he's 'confident that the relationship will continue to move forward.'India expects US trade negotiators to visit the country toward the end of the month to continue talks on a bilateral deal, an official in New Delhi said Friday. The nation will hold its ground and won't give the US access to its dairy and agriculture sectors, the official said, citing political and religious sensitivities. Modi's renewed emphasis on domestic manufacturing and consumption echoes his long-standing 'Make in India' initiative. However, the message has taken on new urgency after the US tariffs.'The interests of our farmers, our small industries and the employment of our youth are of paramount importance,' Modi told the rally on Saturday.

Buy or sell: Vaishali Parekh recommends three intraday stocks for today — 4 July 2025
Buy or sell: Vaishali Parekh recommends three intraday stocks for today — 4 July 2025

Mint

time12 minutes ago

  • Mint

Buy or sell: Vaishali Parekh recommends three intraday stocks for today — 4 July 2025

Buy or sell stocks: Following weak global cues after Trump's tariff bombshell on Thursday night, the Indian stock market ended lower on Friday. The Nifty 50 index finished southward for the fifth successive week, its prolonged losing streak since the week ending August 25, 2023. This selling was across segments, as the BSE Sensex and the Bank Nifty index witnessed selling pressure in the previous week, while the small-cap and mid-cap indices ended more than 2% lower last week. Vaishali Parekh, Vice President of Technical Research at Prabhudas Lilladher, believes the Indian stock market is trading cautiously after the US administration imposed a 25% tariff. The Prabhudas Lilladher expert said the Nifty 50 index is in the 24,500 to 24,950 range. A bullish or bearish trend can be assumed on the breakage of either side of this range. Speaking on the outlook of the Nifty 50 today, Vaishali Parekh said, "The Nifty 50 index failed to move past the 24,800 zone in the morning session and thereafter witnessed a steady slide as the day progressed to end on a weak note near the 25,550 zone with bias and sentiment maintained with a cautious approach. The index has almost arrived near the crucial support zone of 24,500 level, which needs to be sustained to maintain the overall trend intact, failing, which one can expect for further intensified selling pressure from the counters with 24,000 level positioned as the next major support." "The Bank Nifty index once again slipped from the important 50-DEMA zone at the 56,100 level, with bias weakening to close near the 55,600 zone, and is precariously placed as of now, with a major support level at risk, which can further weaken the overall trend. For the bias to improve, the index would need to sustain the important 55,400 zone and, on the upside, would need to move past the 56,400 zone decisively and thereafter, anticipate further upward move," said Parekh. Parekh said that the immediate support for the Nifty 50 index is at 24,400, while the resistance is at 24,800. The Bank Nifty would have a daily range of 55,200 to 56,200. Regarding stocks to buy or sell on Monday, Vaishali Parekh recommended these three intraday stocks for today: Ambuja Cements, Bharti Airtel, and Transformers and Rectifiers. 1] Ambuja Cements: Buy at ₹ 610, Target ₹ 635, Stop Loss ₹ 600; 2] Bharti Airtel: Sell at ₹ 1878, Target ₹ 1830, Stop Loss ₹ 1900; and 3] Transformers and Rectifiers: Buy at ₹ 518, Target ₹ 550, Stop Loss ₹ 505. Disclaimer: The views and recommendations above are those of individual analysts or brokerage companies, not Mint. We advise investors to check with certified experts before making any investment decisions.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store