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India.com
4 minutes ago
- India.com
Indian Army makes big defence deal, will buy 212 tank transporter trailers that will enhance military operational capability
(Image: ANI) New Delhi: The Indian Army on Friday, 1 August, signed an agreement of Rs 223.95 crore with Axiscades Aerospace and Technologies Private Limited. Under this, 212 state-of-the-art 50-tonne tank transporter trailers will be purchased. This deal is an important step towards increasing the operational mobility capability of the army and supporting the Atmanirbhar Bharat Abhiyan. This agreement was signed under the Indian-IDDM category. This agreement gives priority to indigenous design, development and manufacturing. This will strengthen self-reliance in the defence sector. These trailers are equipped with hydraulic/pneumatic ramps and steerable and liftable axles. These will make it easier to transport tanks and armoured vehicles to difficult areas. These trailers will add to the operational strength of the army and greatly enhance the logistics and operational capabilities of the army, and will act as a force multiplier. This deal will boost the indigenous defence manufacturing sector and will also create permanent employment opportunities. This is a sign of strong preparation for future challenges. Earlier, the Indian Army conducted the high-tech Divya Drishti exercise in Sikkim on 28 July. The exercise, conducted in the high-altitude areas of East Sikkim, tested new technologies designed to improve battlefield awareness, real-time surveillance and quick decision-making. The soldiers of the Tri Shakti Corps used a combination of ground-based systems and aerial platforms, including UAVs and drones, to execute real scenarios. Its special feature was the use of AI sensors. These sensors were connected to advanced communication systems. This arrangement ensured smooth and secure data flow between the command centres and helped in increasing situational awareness as well as making accurate decisions, i.e. a strong sensor-to-shooter link was created.
Time of India
32 minutes ago
- Time of India
Tariff resilience: India's domestic demand shields economy from tariff shocks, says BoB chief economist
India's limited dependence on exports and strong domestic demand will help it weather the impact of recently imposed US tariffs, said Madan Sabnavis, Chief Economist at Bank of Baroda . Speaking at a webinar, Sabnavis argued that India's non-export-oriented growth model provides resilience amid rising global protectionism. 'Since we are not an export-oriented economy, it is becoming advantageous for us because we are more dependent on domestic consumption,' he said, quoted ANI. The comments come days after US President Donald Trump announced a 25% tariff on Indian goods along with an unspecified penalty, despite earlier expectations of a bilateral trade deal. The move is part of Trump's broader tariff push under his April 2, 2025 executive order, which imposes reciprocal tariffs ranging from 10% to 50% across trade partners. Bank of Baroda has projected GDP growth of 6.4% to 6.6% for FY26, a forecast that already factors in potential export disruptions. According to BoB estimates, a 10% drop in exports would shave about 0.2 percentage points off GDP. India's exports account for 21% of GDP, with services contributing nearly half of that — a composition that makes the country less vulnerable to goods tariffs. 'India's significant reliance on service exports cushions the economy in this volatile tariff environment,' Sabnavis added. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Brain tumor has left my son feeling miserable, please help! Donate For Health Donate Now Undo BoB expects India's current account deficit to remain below 1% of GDP despite the tariff shock. While about 10% of the Wholesale Price Index (WPI) basket could see imported inflation, the Consumer Price Index (CPI) is not expected to rise in the near term. Trade data presented during the webinar showed that India's export exposure to the US is relatively high at 19.8%, while imports from the US account for just 6.3%. Sectors such as electronics, marine products, readymade garments, gems and jewellery, chemicals and poultry are among the most vulnerable. BoB analysts noted that clarity is awaited on potential exemptions, which could mitigate some of the impact. 'Some industries may face higher input costs, which could impact profit margins,' the bank said in its presentation. Stay informed with the latest business news, updates on bank holidays and public holidays . Discover stories of India's leading eco-innovators at Ecopreneur Honours 2025
Time of India
32 minutes ago
- Time of India
MNNIT team develops advanced oil seal to boost two-wheeler performance
Prayagraj: In a significant breakthrough, a team of mechanical engineers at MNNIT Prayagraj has undertaken a pioneering project to design a leakage-resistant oil seal for motorcycle and scooter shock absorbers. Led by assistant professor Tej Pratap, the six-month initiative is backed by the Hero Group with an Rs 8.1 lakh grant, aiming to enhance ride quality and reduce maintenance costs. Unlike conventional efforts to redesign entire shock absorbers, this focused initiative targets the oil seal — a small but critical component that prevents hydraulic oil from leaking out of the shocker assembly. Leakage not only reduces suspension efficiency, but also damages internal shocker components, ultimately forcing vehicle owners to replace the entire unit or incur repeated repair costs. The MNNIT project aims to develop an advanced oil seal using new materials and seal geometries that can effectively eliminate this recurring problem. Pratap explained that the new seal design would enhance internal sealing strength, thereby preventing oil seepage even under high-stress and high-temperature conditions. The development process includes prototype fabrication, rigorous lab testing, and eventually, field testing in collaboration with Hero's R&D wing. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Struggling With Belly Fat? Try This at Home Home Fitness Hack Shop Now Undo Once validated, the oil seal is expected to be integrated into next-generation two-wheeler models, significantly reducing ownership costs and enhancing shocker longevity. Working alongside Pratap are Abhishek Tiwari and Ashutosh Mishra from the Applied Mechanics Department. To meet project timelines, MNNIT is also appointing a dedicated project assistant with a stipend of Rs 30,000 per month. The team expects to deliver a working prototype within the next few months. This collaboration underscores a larger trend of industry-academia partnerships in solving practical engineering challenges. With this innovation, Hero Group and MNNIT aim to set a new standard for component reliability in India's booming two-wheeler market. Get the latest lifestyle updates on Times of India, along with Friendship Day wishes , messages and quotes !
