Reliance Defence secures export order of Rs 600 cr
From Rheinmetall Waffe Munition GmbH
Reliance Infrastructure promoted, Reliance Defence, today announced securing of a significant export order worth Rs 600 crore from Rheinmetall Waffe Munition GmbH, a leading German defence and ammunitions manufacturer.
Reliance Defence's export order is one of the largest in the high-tech ammunition domain to date. This underscores the strength of its recently announced strategic partnership with Rheinmetall. The order represents a key milestone in Reliance Defence's strategy to strengthen its position as a reliable partner in the global defence and munition supply chain, with a particular focus on Europe.
The collaboration highlights the mutual commitment of both parties to long-term cooperation, and to advancing the 'Atmanirbhar Bharat' and 'Make in India' initiatives by strengthening indigenous defence manufacturing capabilities. Reliance Defence aims to be amongst top three Defence exporters in the country.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Indian Express
9 minutes ago
- Indian Express
Air Canada announces discounts on select flights from India to Canada
Air Canada has announced limited-time discounts on round-trip Economy fares for customers flying from India to Canada, to celebrate Canada Day, which is celebrated on July 1 every year. The flag carrier of Canada, which is also the country's largest airline, said the offer will be valid for travel between September 1, 2025, and March 26, 2026. To avail of discounts up to Rs 2,900, the tickets must be booked between June 23 and July 7. Air Canada operates flights between the two nations on at least 19 routes, according to the company website. Arun Pandeya, Air Canada's General Manager for India, said: 'We are delighted to extend Canada Day celebrations to our Indian customers through this special offer, encouraging customers to explore the beautiful country of Canada.' The discount includes non-stop routes from New Delhi and Mumbai to major Canadian cities, including Toronto and Montréal, with onward connectivity across Air Canada's extensive North American network. More details are available at Canada Day celebrates the anniversary of the Confederation of Canada. On this day in 1867, the three British colonies of Ontario, Quebec, and Nova Scotia decided to form a single nation, and thus Canada was born. Air Canada provides scheduled service directly to more than 180 airports in Canada, the United States and internationally on six continents. Air Canada shares are publicly traded on the TSX in Canada and the OTCQX in the US. Indian customers can take advantage of these discounts by booking via Air Canada's website.
United News of India
16 minutes ago
- United News of India
Union Cabinet nod to Rs 1 lakh crore RDI scheme to boost innovation ecosystem
New Delhi, July 1 (UNI) With an aim to accelerate India's research and innovation capabilities, the Union Cabinet, chaired by Prime Minister Narendra Modi, today approved the Research Development and Innovation (RDI) Scheme with a funding corpus of Rs 1 lakh crore. Addressing the media here post-Cabinet meeting, Information and Broadcasting Minister Ashwini Vaishnaw, emphasised the scheme's role in fostering long-term financing at low or no interest rates, thereby stimulating private sector investment in research and development (R&D). The focus, he noted, is on overcoming the constraints currently faced by the private sector in driving technological advancements, especially in sunrise sectors and strategic areas such as deep-tech and emerging technologies, as well as critical sectors vital for India's economic security and self-reliance. 'The overarching objective is to scale up R&D and innovation, especially in sectors that hold transformative potential for the nation's technological sovereignty and global competitiveness,' said a government statement here. The Cabinet also approved the establishment of a deep-tech Fund of Funds (FoF) which will focus on supporting high-risk, high-reward innovations in deep-tech sectors such as artificial intelligence, quantum computing, and biotechnology. The scheme envisions financing projects at higher Technology Readiness Levels (TRL), enabling the commercialization of research in these critical areas. The RDI scheme will operate through a two-tiered funding structure. The first level involves the creation of a Special Purpose Fund (SPF) within the Anusandhan National Research Foundation (ANRF), which will serve as the custodian of the funds. From here, capital will be allocated to second-level fund managers who will oversee investments in various R&D projects, the statement added. The funding will primarily take the form of long-term concessional loans, although equity financing may be extended, particularly to startups with promising technologies. The DST (Department of Science and Technology) will act as the nodal department for the scheme's implementation, with the Governing Board of ANRF providing strategic guidance. Also, an Empowered Group of Secretaries (EGoS) will oversee the approval of projects, funds, and sectoral allocations, ensuring that the scheme is aligned with India's long-term strategic and technological goals, said the statement. UNI AJ AAB PRS
Scroll.in
16 minutes ago
- Scroll.in
RRB NTPC answer key 2025 released; objection window opens soon
The Railway Recruitment Board (RRB) has released the provisional answer key of the Non-Technical Popular Categories (NTPC) Graduate posts (CEN 05/2024). Candidates can download the answer key from the official website Applicants can submit suggestions, if any, by July 6, 2025. A fee of Rs 50 per suggestion applies. 'Candidates are advised to raise objection, if any, well before the last date and time i.e., 06.07.2025 at 23:55 hrs. after which no representation from the candidates on the questions, options, keys etc. will be entertained,' reads the notification. The recruitment exam was conducted from July 5 to 24, 2025. The recruitment drive aims to fill 8113 vacancies, of which 1736 vacancies are for Chief Commercial cum Ticket Supervisor posts, 994 for Station Master, 3144 for Goods Train Manager, 1507 for Junior Account Assistant cum Typist, and 732 for Senior Clerk cum Typist. Steps to download NTPC answer key 2024
