logo
India looking at option of buying more S-400 air defence systems from Russia

India looking at option of buying more S-400 air defence systems from Russia

India Gazette2 days ago

ANI
27 Jun 2025, 22:37 GMT+10
By Ajit Dubey
New Delhi [India], June 27 (ANI): With the S-400 air defence missile systems performing very well during Operation Sindoor, India is considering the option of buying two more squadrons of S-400 long range surface-to-air missile systems from Russia, defence sources told ANI.
The sources said more systems of the S-400 are being considered due to security threats in view of the recent hostilities and the time to be taken in the development and deployment of the indigenous LRSAM programme, codenamed Project Kusha by the Defence Research and Development Organisation, with Solar Defence and Aerospace Limited and Bharat Dynamics Limited as its development and production partners.
The Indian side would prefer to get S-500 air defence system which has more range than the S-400 but it would require a clearance from the top Russian leadership for its sale, they said.
The S-400 performed exceptionally in Operation Sindoor taking out multiple Pakistan Air Force fighter and airborne early warning aircraft.
It also managed to create a record of sorts by successfully hitting an aircraft at a range of 300 plus kilometres.
India is also awaiting the delivery of two more squadrons of the five S-400 squadrons that it had ordered in a 2018 deal.
The first three squadrons have already been received and operationally deployed. Just before the delivery of the fourth squadron, war broke out between Russia and Ukraine.
The systems meant for India were probably used in the war.
The Russian side has now assured the delivery of the remaining two systems in the next financial year.
Indian defence teams have also raised the issue with the Russian side and they have given assurances to not extend the schedule further. (ANI)

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Pakistan's Asim Munir threatens India again, rekindles Kashmir issue
Pakistan's Asim Munir threatens India again, rekindles Kashmir issue

Time of India

time24 minutes ago

  • Time of India

Pakistan's Asim Munir threatens India again, rekindles Kashmir issue

Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel Pakistani Army Chief Asim Munir on Saturday claimed that India had made two unprovoked attacks, terming it a troubling absence of strategic at the Pakistan Naval Academy in Karachi, Munir blamed India for escalating regional tensions and vowed a decisive response to any future Indian further called Pakistan a "net regional stabiliser," claiming that Islamabad had responded "resolutely" to "unprovoked" Indian military aggression."Despite provocations, Pakistan displayed restraint and maturity, reaffirming its commitment to regional peace," he claimed that India deliberately created tension in the region just as Pakistan was nearing the elimination of the address, Munir once again brought up Kashmir, claiming that "at such a time, we must remember the sacrifices of our Kashmiri brothers who are struggling against India's illegal occupation."'Pakistan is a strong advocate for a just resolution of the Kashmir issue in accordance with United Nations resolutions and the aspirations of the Kashmiri people,' he had termed Kashmir as Pakistan's 'jugular vein' just days before the horrific Pahalgam terror attack that killed 26 civilians."Kashmir is our jugular vein; it will remain our jugular vein; we will not forget it," Munir had said, addressing the Pakistani diaspora response to the deadly attack, India put the Indus Waters Treaty on hold, a decisive blow to its neighbour. This was followed by the launch of Operation Sindoor , which targeted and demolished terror launchpads deep inside Pakistan.A three day military escalation followed as Pakistan and India launched multiple attacks on each other from May 7 to 10.

Escorts Kubota eyes No 2 spot in Indian tractor market with new launches
Escorts Kubota eyes No 2 spot in Indian tractor market with new launches

Business Standard

time27 minutes ago

  • Business Standard

Escorts Kubota eyes No 2 spot in Indian tractor market with new launches

Farm machinery and construction equipment major Escorts Kubota Ltd is gunning for the number two spot in the Indian tractor market by combining the Indian firm's cost competitiveness with the Japanese partner's technology and quality strengths as part of its future plans, according to its top officials. The company, formed after Japan's Kubota Corporation acquired a majority stake in Escorts Ltd in a multi-structured merger deal announced in 2021, is working to finalise a mid-term plan (MTP) for up to 2031 with a slew of products planned to be launched, Escorts Kubota Ltd (EKL) Chairman and MD Nikhil Nanda and Deputy MD Seiji Fukuoka told PTI in a joint interview. "In the next four to five years between the three brands -- Farmtrac, Powertrac and Kubota -- I think the success is going to come from the new products that we are going to be launching. Lot of work has happened, and a lot of product lines are planned for introduction between now and the next five years...," Nanda said responding to a query on the road ahead. These products are for domestic as well as international markets and for different applications, and also for the construction business as well, he added without elaborating details. "Product planning, innovation and development is going to play an extremely important role for the kind of growth that we are envisioning," Nanda said. When asked about the company's growth ambitions, Fukuoka said,"In the domestic market, our first target would be to get to number two position. Presently, our market share is somewhere between 12 to 13 per cent." EKL is a distant fourth in the Indian tractor market that is currently led by Mahindra-Swaraj combined with around 40 per cent share. TAFE and Sonalika are the other players in the top three, he noted. In FY25, tractor retail sales were at 8,83,095 units as against 8,92,410 units in FY24, according to Federation of Automobile Dealers Associations (FADA) data. Both Nanda and Fukuoka declined to put a timeline to their target to become the number two player in the Indian market reiterating that it is "an ambition for the future". Fukuoka, however, said as the Indian market "is more of a mature or saturated market", the priority for EKL is to ensure its products "get selected by the customer before the competition". In order to achieve that, he said efforts are on to bring together the strengths of Escorts, which is cost competitive products and that of Kubota's technology and quality. "Presently, we are thinking of putting Kubota quality in the low cost yet good tractor and putting it in the price sensitive we end up putting the price higher because of the high quality, or make the price higher, then it will lose its value. So that is why, in this MTP, it is a very big theme on how to make good quality yet low-cost tractors," Fukuoka asserted. He said as Kubota has been collaborating for the last five years now with Escorts, it has also learned "what are the points where we can improve the quality without increasing the price and that know-how will also be shared globally in order to contribute to Kubota's global growth". In terms of network presence, Nanda said earlier Escorts was strong in North and West markets, while Kubota was strong in South and East. The coming together of the two entities has also helped in having a strong presence across India with over 1,500 plus dealers, Nanda said adding, "we still believe we have certain vacant spaces where we will be appointing dealers". Fukuoka said recently top officials of Kubota's sales firm in the Americas, where the company has a strong sales network maintaining a high market share, came to India to share experience and advised EKL dealers "on what can be done" to increase market share. On the export front, Fukuoka said,"By coming together as EKL now we are able to design tractors in India, procure things in India, and manufacture them in India and send them to the whole world through Kubota channels. This, of course, contributes to EKL's growth, but at the same time it also contributes to Kubota's growth." In Europe, he said Kubota has been able to recapture its market share in the compact tractor segment after introducing EKL's high quality and cost competitive product. "This is something that is already a success story. We have been able to regain market share and similar things can be done in different markets. India made tractors can be sold through Kubota sales network, so that the sales company of Kubota can also get profit and EKL can also make profit," Fukuoka noted. At present, exports account for 5 per cent of EKL's total sales and in the long term it is aiming to increase it to around 10-15 per cent.

Breakout or Breakdown? June 30 could set Nifty's next big move, says Harshubh Shah
Breakout or Breakdown? June 30 could set Nifty's next big move, says Harshubh Shah

Economic Times

time28 minutes ago

  • Economic Times

Breakout or Breakdown? June 30 could set Nifty's next big move, says Harshubh Shah

The Indian equity markets wrapped up the week on a strong footing, with the Nifty50 registering a 2% gain for the week ended June 27, 2025. Tired of too many ads? Remove Ads Review: Time + Levels = Tactical Precision Tired of too many ads? Remove Ads Time-based forecasting once again proved its merit. Intraday reversals aligned remarkably well with pre-identified time windows: Tired of too many ads? Remove Ads Time-Cycle Alert: June 30, 2025 Intraday Time Slots: July 1–5, 2025 Nifty Levels to Watch Trading Outlook (Disclaimer: The opinions expressed in this column are that of the writer. The facts and opinions expressed here do not reflect the views of .) The Indian equity markets wrapped up the week on a strong footing, with the Nifty50 registering a 2% gain for the week ended June 27, sentiment dominated four out of the last five trading sessions, backed by a sharp intraday rally, resilient support zones, and strategic time-based inflection points that aligned well with recent market of the key supporting signals for the bulls was the continued decline in India VIX , which slipped by 1.6% to close at 12.39 on Friday.A lower VIX indicates reduced volatility expectations and bolsters investor confidence—an encouraging sign heading into the final trading sessions of the first half of our previous update, we had highlighted June 25 (±1 trading day) as a high-alert reversal window — and the Nifty responded in textbook 24: Nifty opened with a sharp 225-point gap-up and showed high intraday volatility. This move set the stage for a 300+ point rally across the next two resistance level of 25,322 proved precise — Nifty made a day high exactly at this level before a sharp June 25, support at 25,145 held strong, triggering a June 26, both 25,322 and 25,434 acted as important swing zones, highlighting the strength of price-time 23: 10:30 AM slot matched day low at 10:15 AM; day high came at 1:30 24: 9:20 AM low and 1:45 PM high aligned with projected time 25: Price action remained range-bound near the 11:40 AM slot; 1:30 PM marked the day 26: 10:15 AM saw a swing high, and momentum returned just before the 12:25 PM 27: The market picked up pace at 10:45 AM and peaked exactly at 12:40 PM — both matching the forecasted after week, the convergence of time and levels continues to deliver high-probability swing and intraday setups for tactical 30 will be a crucial decision day. Watch for a breakout or breakdown from the high/low of the day — this could determine the next major directional leg for Nifty. A clear trend emerging from this session could set the tone for early can use the following key time windows to identify potential intraday trend shifts, reversals, or high-probability entry/exit points:Monday, June 30: 9:25 AM | 11:10 AM | 12:35 PM | 2:40 PMTuesday, July 1: 9:15 AM | 10:20 AM | 11:20 AMWednesday, July 2: 11:20 AM | 12:45 PMThursday, July 3: 9:25 AM | 12:15 PMFriday, July 4: 12:20 PM | 1:35 PM | 2:30 PMThese are critical times where intraday volatility, breakout attempts, or trend reversals are most likely to occur. Use lower timeframes for | 25,434 | 25,320 | 25,120 | 24,978 | 24,856Resistances:25,600 | 25,910 | 26,234A sustained move above 25,910 could open the gates for a test of 26,234, while a breach below the 25,120–25,320 zone may attract selling pressure and trigger a corrective time clusters and support-resistance levels tightly aligned, tactical traders should remain alert, especially on June 30, a key inflection day. Stick to disciplined setups, use time-level alignment, and let price action confirm your trades. Precision continues to be the edge in this market.(The author is Director, Wealthview Analytics Pvt Ltd)(Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of The Economic Times.)

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