
Armed with BrahMos, GRSE delivers ‘Himgiri' warship to Indian Navy
According to the statement, Himgiri is the 801st ship made by GRSE, which is 149 meters long and weighing about 6,760 tonnes, it is the largest and the most modern warship made by the GRSE.
Out of the 801 ships, 112 are warships, the highest number made by any shipyard in India.
The total cost of the three warships under Project 17A is over Rs 21,833 crore, the statement said.
It added that the project is also helping the Indian economy. A relevant portion of its value has fuelled MSMEs, start-ups, and OEMs in building the ship.
Rear Admiral Ravnish Seth, a Chief Staff Officer (Technical), Eastern Naval Command, accepted the ship on behalf of the Indian Navy. First launched on 14 December 2020, it is equipped with weapons like the BrahMos and Barak 8 missiles, said that statement. It is also equipped with the AESA radar system and other advanced systems to detect and fight threats from the air, sea and underwater. Using diesel engines and gas turbines for power, it is built to survive battle situations.
(Anisha Ghosh is an intern at the Kolkata office of The Indian Express)
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles

The Wire
20 minutes ago
- The Wire
Vinfast Inaugurates Electric Vehicle Assembly Plant in Tamil Nadu, India
Tamil Nadu, India (NewsVoir) VinFast today officially inaugurated its electric vehicle (EV) assembly plant at the SIPCOT Industrial Park in Thoothukudi, Tamil Nadu, India. This milestone marks a major step in VinFast's global expansion, reinforcing the company's long-term commitment to the world's third-largest automobile market and underscoring VinFast's confidence in India's strategic role in the future of the global EV industry. VinFast Tamil Nadu is the company's third operational plant and the fifth project in its global manufacturing network. As the first VinFast facility inaugurated outside Vietnam, it demonstrates both the brand's global vision and its capacity to deliver large-scale projects. With a total area of 400 acres, the plant is equipped with state-of-the-art production lines meeting world-class standards, featuring advanced automation and cutting-edge technologies. The complex houses multiple workshops, including Body Shop, Paint Shop, Assembly Shop, Quality Control Center, and a Logistics Hub. It also includes an auxiliary cluster for local contractors, which is expected to expand in the coming years. At full capacity, the plant will create 3,000-3,500 direct jobs for local workers, along with thousands of indirect jobs in the supply chain ecosystem. This will help boost socio-economic development in Tamil Nadu, positioning the state as a manufacturing hub for India and a potential EV capital of South Asia in the near future. In its initial phase, VinFast Tamil Nadu will focus on assembling two premium electric SUV models: the VF 7 and VF 6. The plant's starting capacity is 50,000 vehicles per year, scalable up to 150,000 units annually to meet rising market demand. With the launch of the Tamil Nadu plant, VinFast moves closer to its 2025 sales target of 200,000 vehicles and its long-term production goal of 1 million vehicles per year by 2030. This milestone reaffirms VinFast's commitment to promoting sustainable mobility and advancing a greener future in India and worldwide. Speaking on the inauguration, Mr. Pham Sanh Chau, CEO of VinFast Asia, stated, 'The VinFast Tamil Nadu plant marks a strategic milestone in our long-term commitment to the Indian market. It establishes a strong foundation for sustainable growth and positions us to offer high-quality, competitively priced electric vehicles to Indian consumers. Looking ahead, the facility will expand its production capacity to meet rising demand. We aim to develop it into VinFast's largest export hub for South Asia, the Middle East, and Africa. In fact, we've already secured initial orders from several countries across these regions. In close collaboration with the Tamil Nadu government, VinFast is working to transform the area into the 'EV capital of South Asia'—supporting both the dynamic domestic market and our broader regional ambitions.' VinFast Tamil Nadu not only strengthens the company's global production capability but also contributes significantly to India's green industrial development. The plant will prioritize collaboration with domestic suppliers, promoting supply chain localization, technology transfer, and workforce upskilling. Since entering India, VinFast has actively pursued a comprehensive EV ecosystem model covering assembly, distribution, after-sales services, and recycling, with the 400-acres Tamil Nadu plant being a strategic piece in this value chain. In parallel, VinFast has partnered with multiple dealer groups in key cities and teamed up with RoadGrid, myTVS, and Global Assure to build a robust digital services and after-sales support network. VinFast has also joined forces with BatX Energies to enable battery recovery and reuse, advancing circular production and sustainable development in the world's third-largest automobile market. About VinFast VinFast (NASDAQ: VFS), a subsidiary of Vingroup JSC, one of Vietnam's largest conglomerates, is a pure-play electric vehicle ('EV') manufacturer with the mission of making EVs accessible to everyone. VinFast's product lineup today includes a wide range of electric SUVs, e-scooters, and e-buses. VinFast is currently embarking on its next growth phase through rapid expansion of its distribution and dealership network globally and increasing its manufacturing capacities with a focus on key markets across North America, Europe and Asia. Learn more at This is an auto-published feed from PTI with no editorial input from The Wire.


Hans India
20 minutes ago
- Hans India
Indian services sector growth hits 11-month high in July on sharp rise in exports, overall sales
The Indian services sector growth touched an 11 month high in July, supported by a pickup in new exports orders and sharp rise in overall sales, a monthly survey said on Tuesday. The seasonally adjusted HSBC India Services PMI Business Activity Index was at 60.5 in July, little-changed from 60.4 in June, and the rate of expansion was the best seen since August 2024. In the Purchasing Managers' Index (PMI) parlance, a print above 50 means expansion, while a score below 50 denotes contraction. "At 60.5, the services PMI indicated a strong growth momentum, led by a pick-up in new export orders," said Pranjul Bhandari, Chief India Economist at HSBC. Sustained increases in new business intakes were the main aspect behind output growth, the survey said, adding that Indian service providers also welcomed a stronger improvement in international demand for their services. "They reportedly secured new work from Asia, Canada, Europe, the UAE and the US," it said. Going ahead, service providers were on average optimistic about their expectations for output in the year ahead. Among the factors supporting business confidence were efficiency gains, marketing, tech innovation and a growing online presence, they said. On the price front, input costs and output charges rose at faster rates than in June. "The solid rise in output prices reflected greater cost burdens and demand strength," the survey said. "On the price front, both input and output prices rose a tad faster than in June but this could change going forward as indicated by the recent CPI and WPI prints," Bhandari said. The Consumer Price Index (CPI) based retail inflation has remained below 4 per cent since February. It was at 2.1 per cent in June. The wholesale price inflation (WPI) turned negative after a gap of 19 months, declining 0.13 per cent in June. Meanwhile, RBI Governor Sanjay Malhotra-headed rate-setting panel on Monday started the three-day deliberations to decide the next bi-monthly monetary policy amid expectations of a pause in the rate easing cycle. Governor Malhotra-headed six-member rate-setting panel -- the Monetary Policy Committee (MPC) -- is scheduled to announce the next bi-monthly policy rate on Wednesday (August 6). Experts were of the opinion that the Reserve Bank may go in for a status quo this time and wait for more macro data after the announcement by the US to impose a 25 per cent tariff on Indian imports beginning August 7. On the jobs front, Although the upturn added pressure on firms' capacity, hiring moderated. July's increase in employment was the slowest in 15 months. "The rate of job creation was only slight, broadly converging to its long-run average. Fewer than 2 per cent of companies took on additional staff, with the vast majority indicating no change from June," the survey said. Meanwhile, the HSBC India Composite PMI Output Index was up fractionally from 61.0 in June to 61.1 in July, indicating a sharp rate of expansion that was the quickest since April 2024. Composite PMI indices are weighted averages of comparable manufacturing and services PMI indices. Weights reflect the relative size of the manufacturing and service sectors, according to official GDP data. The PMI results for July revealed mixed signs regarding the performance of the Indian private sector. "New orders and output expanded at quicker rates, while job creation receded and business optimism faded. Meanwhile, inflationary pressures gathered pace," the survey said. The HSBC India Services PMI is compiled by S&P Global from responses to questionnaires sent to a panel of around 400 service sector companies.


Time of India
20 minutes ago
- Time of India
Reliance Infra, Reliance Power shares tumble up to 15% in 5 days: Here's what triggered the selloff
The ED's action follows a series of searches conducted last week at multiple premises associated with the group. The Enforcement Directorate (ED) has summoned several senior executives of the Anil Ambani-led Reliance Group as part of an ongoing money laundering probe, a day ahead of Ambani's scheduled appearance before the agency. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Shares of Anil Ambani-led Reliance Group companies have witnessed a sharp decline over the past five trading sessions amid an Enforcement Directorate (ED) probe into an alleged fraud. Reliance Infrastructure shares have fallen by 14% in the past five sessions to touch a low of Rs 281.25 on Tuesday, while Reliance Power has tumbled 15% to Rs 45.32 on the BSE during the period. The slide comes after reports that the ED is set to question bank officials involved in a Rs 17,000 crore loan fraud case linked to the Enforcement Directorate (ED) on Monday issued summons to several top executives of the Anil Ambani-led Reliance Group in connection with an ongoing money laundering investigation, a day before Ambani is slated to appear before the agency, according to an Economic Times to Times Now sources familiar with the development, senior group executives, including Amitabh Jhunjhunwala and Sateesh Seth, are among those summoned. The ED has reportedly issued at least six summons under the Prevention of Money Laundering Act (PMLA) so far, the report further to group firms—Reliance Home Finance Ltd, Reliance Commercial Finance Ltd, and Reliance Communications—amounting to around Rs 17,000 crore have reportedly turned into non-performing assets (NPAs), involving nearly 20 ED's action follows a series of searches conducted last week at multiple premises associated with the group. The searches were reportedly carried out at 35 locations across Mumbai, encompassing 50 companies and 25 a parallel but related development, the Securities and Exchange Board of India (Sebi) has submitted the findings of its probe to the ED, as well as to the National Financial Reporting Authority (NFRA) and the Insolvency and Bankruptcy Board of India (IBBI).Sebi's investigation pertains to an alleged diversion of Rs 10,000 crore by Reliance Infrastructure (R Infra) through a series of transactions with an engineering firm named CLE Pvt to SEBI, evidence collected during the investigation indicates that CLE was functionally a related party of R Infra. Documentation cited by the regulator included submissions by CLE to Yes Bank , where it acknowledged Reliance Infra as a promoter. Internal records, such as audit committee meeting minutes, reportedly identified CLE as a 'group company.'Additionally, the regulator found that bank accounts operated by CLE bore email addresses using the '@ ' domain, which corresponds to the Reliance ADA Group. Statements from key managerial personnel (KMPs) recorded during the probe, along with the fact that several directors and executives of the Reliance Group held positions in CLE, were also cited as supporting the last one month, the shares of Reliance Infrastructure have fallen by 24.82% whereas in the last three months, it has surged by nearly 9%.In the last month, shares of Reliance Power have gone down by 31% whereas in the last three months, the stock price has gone up by 11.21%: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)