Masterstroke by Modi govt as India's Su-30MKI to get Rs 668290000000 upgrade, bad news for Pakistan, China due to…
84 Su‑30MKI fighter jets will have several upgrades like the BrahMos‑A cruise missiles and Rudram‑II anti‑radiation missiles addition, making them more dangerous.
By Abhijeet Sen Edited by Abhijeet Sen
Advertisement
Su-30 MKI aircraft- File image
Sukhoi Su-30 MKI upgrade: In a massive development for India's air superiority amid the global rise in conflicts, India has announced a massive Rs 66,829 crore 'Super‑30' upgrade project for its fleet of Su‑30MKI fighter jets. Seen as a step towards significantly outperforming Pakistan's F‑16s fighter jets, the Su‑30MKI fighter jets upgrade will include the integration of DRDO's indigenous Virupaksha AESA radar built on GaN technology, making it capable of simultaneous tracking and engagement of multiple threats during the course of a conflict. Here are all the details you need to know about the Rs 66,829 crore Su‑30MKI fighter jet upgrade.
What upgrades will be made to Su‑30MKI fighter jet?
In addition to these upgrades, the Su‑30MKI will also have several upgrades like the BrahMos‑A cruise missiles and Rudram‑II anti‑radiation missiles, significantly enhancing its strike capabilities against land and radar targets.
Advertisement ===
As per media reports, India will upgrade 84 Su-30MKI jets under the $2.4 to $7.8 billion (around Rs 66,829 crore) Super-30 program to enhance combat capabilities over the next 3–4 years.
Defence Minister Rajnath Singh discusses supply of S-400 systems and Su-30 MKI upgrades
Defence Minister Rajnath Singh held a meeting with his Russian counterpart Andrey Belousov on the sidelines of Shanghai Cooperation Organisation (SCO) Defence Ministers' Meeting in China's Qingdao and discussed supply of S-400 systems, Su-30 MKI upgrades, and procurement of critical military hardware in expeditious timeframes, a report by ANI news agency said.
Advertisement ===
In a press release, Ministry of Defence stated, 'It was one of the most important recent meetings between the leaders of the two nations, being held in the backdrop of Operation Sindoor and the consequent necessity of augmenting defence production, especially in critical items such as air defence, air-to-air missiles, modern capabilities, and upgrades of air platforms.
'Supply of S-400 systems, Su-30 MKI upgrades, and procurement of critical military hardware in expeditious timeframes were some of the key takeaways of the meeting,' it added.
(With inputs from agencies)
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Indian Express
18 minutes ago
- Indian Express
BEML secures $6.23 million export orders; share price rises 720% in 5 years
BEML share price, BEML new order: Shares of BEML climbed 1.73 per cent on Friday (July 4) after the state-owned company secured orders worth $6.23 million. In an exchange filing, the company said that it secured two prestigious export orders from the Commonwealth of Independent States (CIS) region, including Uzbekistan. On Friday, BEML shares closed in green at Rs 4530 apiece, up 76.90 points. About 17.15 lakh equity shares changed hands on the day. According to NSE, this PSU stock has total market cap of Rs 18864.96 crore. The stock registered 52-week-high of Rs 5488 on July 5, 2024. It recorded 52-week-low of Rs 2350 on March 3, 2025. In a regulatory filing, the PSU company said, 'BEML Limited has bagged 2 separate export order, One order from Commonwealth of Independent States (CIS) region, for supply of Heavy Duty Bulldozers and Second order from Uzebekistan (Maiden Order) for Supply of High performance Motor Grader. Total contract value of USD. 6.23 Million approximately.' BEML is a component of the BSE 500. According to the BSE analytics, shares of BEML gave positive returns of 2.11 per cent and 3.40 per cent in the last 1 week and 1 month, respectively. On a YTD basis, shares of the state-owned company up 9.73 per cent. However, in the last 1 year, shares of the PSU company fell 2.84 per cent. In the past 2 years, 3 years, 5 years, and 10 years, shares of the company up 186.79 per cent, 328.85 per cent, 720.20 per cent, and 309.05 per cent, respectively. This year, BEML paid dividends of Rs 5 and Rs 15 in February and May, respectively. Last year, the company paid total dividends of Rs 20.50. BEML never issued bonuses for the equity shareholders.
Time of India
21 minutes ago
- Time of India
Explained: How Jane Street made a staggering Rs 735 crore profit in Indian markets in just a day? SEBI reveals details of ‘manipulation' strategy
SEBI investigation into Jane Street profits highlights worrying aspects about India's derivatives market structure. (AI image) Jane Street Group, the US trading powerhouse that was slapped with a trading ban in Indian markets on Friday, made a whopping Rs 735 crore single-day profit during a January 2024 trading session, according to a SEBI order published that day. The substantial earnings were part of Jane Street's total profits of Rs 36,502.12 crore across various market segments in India from January 2023 to March 2025. SEBI's detailed investigation specifically highlights January 17, 2024, when the organisation allegedly implemented a sophisticated "Intra-day Index Manipulation" scheme involving the Bank Nifty index and its components, resulting in significant gains from index options, according to an ET report. What did Jane Street do to make Rs 735 crore single-day profit? On January 17, 2024, the Bank Nifty index commenced trading considerably lower at 46,573.95, down from its previous closing value of 48,125.10. "Media reports claimed that this fall may be attributed to the market's apparent disappointment with the results announced by HDFC Bank after market close on January 16, 2024," SEBI noted. The regulatory body identified a dual-phase approach that enabled Jane Street to accumulate a net profit of Rs 734.93 crore within several hours of trading. During the initial trading period—"Patch I"—the organisation allegedly purchased Bank Nifty constituent stocks and futures valued at Rs 4,370 crore, which SEBI noted was considerable relative to typical market trading volumes. These acquisitions resulted in price increases, causing market participants to incorrectly interpret it as a market recovery. "At a time when participants in index options markets are misled by the above support for Nifty Bank, JS Group builds effectively Rs 32,114.96 crores of bearish positions in the much more liquid Nifty Bank index options by buying cheap Put options and selling expensive Call options," the order said. During the subsequent phase—"Patch II"—Jane Street disposed of almost all its long-term holdings. "The sales are aggressive, in a manner that pushes down prices in the component stocks and hence the index. JS Group books losses in intraday cash/ futures market trading," the SEBI order alleged. The profits generated from index options significantly outweighed the equity losses. When the Bank Nifty index declined from its morning peak, put options increased substantially in value whilst call options decreased. "Profits in index options more than compensate for the JS Group's losses in intraday cash/futures trading," SEBI said. Jane Street 'Manipulation' Pattern Jane Street employed identical "Intra-day Index Manipulation" tactics during 15 out of 18 days under SEBI's scrutiny. For the remaining three instances, they implemented an "Extended Marking the Close" approach, which continued for three additional days in May 2025, even after receiving SEBI's warning notice. Also Read | Jane Street ban: Why has SEBI barred US-based trading firm, which made multi-thousand crore profit, from India's securities markets? Explained Following a National Stock Exchange advisory in February 2025, the "JS Group persisted with similar trading activities, disregarding both the Exchange's cautionary communication and their own pledges," as stated by the regulatory authority. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Secure Your Child's Future with Strong English Fluency Planet Spark Learn More Undo While the NSE concluded its investigation, SEBI took stringent measures. The regulator issued orders on Friday prohibiting Jane Street and four related entities from participating in Indian securities trading, whilst directing banks to restrict their account withdrawals. Additionally, SEBI initiated proceedings to seize Rs 4,840 crore in purported unlawful profits. The investigation highlights worrying aspects about India's derivatives market structure, where global entities utilising sophisticated algorithms and high-speed trading techniques compete against individual retail options investors. SEBI's investigation revealed Jane Street's dominant position, noting they "consistently running what appeared to be by far the largest risks in 'cash equivalent' terms in F&O particularly on index option expiry days. " The regulatory body emphasised the substantial magnitude of Jane Street's market activities in cash and futures segments. They observed that the firm understood that Nifty Bank would likely decline by day's end, considering their planned strategy to aggressively liquidate their morning acquisitions and beyond. SEBI pointed out that other market participants remained uninformed about these developments, leading them to engage in transactions whilst the Nifty Bank index was being artificially sustained at elevated levels temporarily. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Time of India
25 minutes ago
- Time of India
India's first national cooperative university to end nepotism in sector, training vacuum: Amit Shah
Union Home and Cooperation Minister Amit Shah on Saturday said India's upcoming first national university for the cooperative sector in Gujarat will work to end nepotism as only trained persons will get jobs in this sector in the future. Shah was addressing a gathering at the campus of Anand Agriculture University after laying the foundation stone of Tribhuvan Sahkari University ( TSU ) on the premises of the adjoining Water and Land Management Institute. The university has been named after the late Tribhuvandas Kishibhai Patel, one of the pioneers of the cooperative movement in India who was instrumental in laying the foundation of Amul. TSU will be built on a 125-acre plot at a cost of Rs 500 crore. "The upcoming university will work to address the allegations of nepotism in this sector. Unlike the past, when people were first hired and then trained, only trained people will get jobs in this sector in the future," he said. Live Events Shah said the university will also address the existing "weaknesses" of this sector and fill the training gaps in the domain that engages every fourth person of the country, or say about 30 crore people. He said the cooperatives sector in India has no dearth of talent and what the country requires now is a manpower of trained soldiers, experts and officials. TSU will fill this "mega vacuum", he added. Shah also sought to address concerns in some quarters about the upcoming university not being named after Dr Verghese Kurien , the father of the White Revolution, saying his role in the cooperatives sector can never be denied. "Patel sahab (Tribhuvan Patel) enlightened and nurtured the cooperative movement... it was his vision that the sector is standing strong today," he said. Congress leaders who raised such questions do not know that Patel was from their party. The BJP did not even exist then, the minister said.
