Pakistan, China to face heat as Anil Ambani inks deal with German company to...., deal is with Rs ..
Anil Ambani (File)
Reliance Defence has signed an agreement with German company Diehl Defence to make the advanced Vulcano 155mm Precision-Guided Munition System in India. These are special artillery shells that can hit targets with very high accuracy using laser and GPS guidance. The agreement supports India's goal to reduce dependence on foreign weapons and boost local defence manufacturing.
The shells will be made in a new factory in Ratnagiri, Maharashtra. This area is part of the upcoming Dhirubhai Ambani Defence City. Production will include more than 50 per cent locally made parts, helping the 'Make in India' mission.
Announced on June 10, the strategic cooperation will see Reliance Defence handle the production, while Diehl Defence will provide the key technology and guidance systems. These shells are designed for long-distance and accurate strikes, especially useful in situations where hitting the right target is more important than firing many rounds.
This deal is expected to bring in Rs. 10,000 crore in business, and it will help India reach its goal of exporting Rs. 50,000 crore worth of defence products by 2029. The project shows how India is building strong capabilities in advanced weapons manufacturing and moving toward self-reliance in defence.
The collaboration, which builds upon an earlier pact signed in 2019, also reflects Reliance Defence's intent to emerge among the top three private defence exporters in India.
The Vulcano 155mm system is equipped with laser and GPS-guided navigation, capable of hitting targets with exceptional accuracy. Its inclusion in India's artillery arsenal will significantly enhance the operational capabilities of the armed forces, especially in high-stakes combat situations that demand precision over volume.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Economic Times
23 minutes ago
- Economic Times
Started with only Rs 1700, IITian and tech titan Nikesh Arora rose to outearn Mark Zuckerberg and Sundar Pichai
In 2023, Nikesh Arora, CEO of Palo Alto Networks and an IIT-BHU graduate, earned more than tech giants Mark Zuckerberg and Sundar Pichai. His rise to the top followed over 400 job rejections, financial struggles, and a career spanning Fidelity Investments, Google, and SoftBank. Since joining Palo Alto in 2018, he has scaled the company from a $18 billion valuation to over $100 billion by focusing on cloud security, AI, and innovation. Tired of too many ads? Remove Ads Humble Beginnings in India Tired of too many ads? Remove Ads Career Struggles and Breakthrough At Google and SoftBank Leading Palo Alto Networks On AI and India's Opportunity When tech giants like Meta and Google made headlines for massive layoffs and changing leadership trends, one Indian-origin executive quietly outshone some of the biggest names in Silicon Valley. Nikesh Arora , the CEO of cybersecurity company Palo Alto Networks, earned more in 2023 than both Mark Zuckerberg and Sundar Pichai—an achievement that might surprise many unfamiliar with his journey. But behind that headline-making number lies a story of perseverance, rejection, and a steady climb from modest beginnings to one of the highest echelons in the global tech The Wall Street Journal released its 2023 rankings of the highest-paid CEOs, among the top earners was Nikesh Arora, the Indian-origin CEO of Palo Alto Networks, who secured the second spot with a total compensation of $151.43 million. His earnings significantly surpassed those of major tech leaders, including Meta's Mark Zuckerberg, who earned $24.40 million, and Google's Sundar Pichai, who received $8.8 a detailed and candid conversation with Humans of Bombay, Arora opened up about the struggles and turning points that shaped his journey—from humble beginnings in Ghaziabad to leading one of the world's top cybersecurity journey to the top of the tech industry began in Ghaziabad, Uttar Pradesh, where he was raised in a disciplined household shaped by his father's career in the Indian Air Force. His upbringing, marked by frequent relocations, instilled a deep sense of adaptability and integrity in him from an early age. After finishing school at The Air Force School, he pursued engineering at financial limitations, Arora set his sights on the United States for further studies. With only $100 (around Rs 1700 in 1990) in hand, he applied to universities that waived application fees. Bostons' Northeastern University granted him a scholarship in 1990 and even offered him the chance to teach computer science—something he quickly had to learn to accept the graduating, Arora faced a daunting phase—rejected over 400 times by various companies. He kept every rejection letter, using them as motivation. His breakthrough came in 1992 when he landed a role at Fidelity Investments. Starting from entry-level positions, he worked his way up to become Vice President at Fidelity later earned both an M.S. in Finance and a CFA certification, which significantly broadened his career options. Teaching a CFA course eventually connected him to an opportunity at joined Google in 2004, a few months after its IPO. Over the next decade, he played a key role in growing its revenues from $2 billion to over $60 billion. Describing it as 'like being in a rocket ship,' Arora left in 2014 in search of a new challenge came at SoftBank, where he served as President and COO. His time there brought significant learnings, including the importance of knowing when to walk away from underperforming investments—something he applied while choosing not to back WeWork. Arora eventually exited SoftBank in 2016 when CEO Masayoshi Son postponed his planned 2018, after a sabbatical spent attempting (and failing) to improve at golf, Arora took over as CEO of Palo Alto Networks. At the time, the company was valued at $18 billion. Under his leadership, it has grown to over $100 billion, driven by a strategic push toward cloud security and artificial credits this success to early adoption of emerging technologies and a willingness to acquire or partner when internal development wasn't feasible. His focus on innovation has kept Palo Alto competitive in an increasingly complex cybersecurity has spoken about how scarcity in his youth shaped his resourcefulness and approach to leadership. He sees AI as a transformative force and believes India's strength lies in adapting global technologies to local contexts. According to him, real value in AI will come from localised data and domain-specific knowledge—areas where Indian companies have a natural story—marked by rejection, resilience, and reinvention—continues to resonate, especially in India. His rise shows that success doesn't always follow a linear path. As he told Humans of Bombay, 'Nobody likes rejection… But part of growing up in India is believing in destiny. It helps you rationalise failure. Everything happens for a reason.'
Time of India
33 minutes ago
- Time of India
Eviction ignored: Scam accused still control Kinfra unit
T'puram: The accused in the Nirmal Krishna deposit fraud maintain control of a garment factory on a 50-cent plot in Kinfra, defying eviction orders from both the Buds authority and home department. These directives mandated the property's return to its legitimate owner and the transfer of lease premium to the Buds authority through revenue recovery. The 54,000 sq ft factory and land legally belong to Usha Umesh, an entrepreneur, from whom the accused acquired the property through Kinfra's tacit approval, violating established protocols. Kinfra transferred the land to Kanyakumari Exports Private Ltd, owned by fraud accused K Nirmalan, without proper documentation. Nirmalan subsequently transferred it to Sreejith, another accused and his alleged benami. The property currently generates Rs 6 lakh monthly in rent. Umesh, the rightful owner, attempted to access the factory on Thursday, armed with favourable orders from the home department, Buds authority and district collector. However, Kinfra denied her entry while allowing the accused to continue operations. "When I tried to enter, they demanded proof of ownership. Despite submitting all necessary documentation, they requested additional time for verification," said Umesh. Follow more information on Air India plane crash in Ahmedabad here . Get real-time live updates on rescue operations and check full list of passengers onboard AI 171 .
Time of India
an hour ago
- Time of India
100crore CBG plant to come up in Bilaspur to tackle urban solid waste
Raipur: In a significant step towards urban solid waste management in Chhattisgarh, a Compressed Bio Gas (CBG) plant will be established in Bilaspur, with Bharat Petroleum Corporation Limited (BPCL) investing approximately Rs 100 crore in the project. A tripartite concession agreement was signed at the Bilaspur collectorate. The plant, to be set up on 10 acres in Kachhar, will process 150 metric tonnes of municipal solid waste daily to produce 5 to 10 metric tonnes of biogas. This initiative aims to promote organic farming, reduce greenhouse gas emissions, create around 30,000 annual jobs, and generate Rs 1 crore in GST revenue annually. An Integrated Energy Unit for biogas refilling and electric vehicle charging is also planned for Koni. On Jan 17, 2025, a tripartite MoU for establishing CBG plants was executed between CBDA, GAIL, and BPCL for Bilaspur and five other municipal corporations in the state. This was done in the presence of CM Sai and deputy CM Arun Sao. The municipal corporation has provided the land to BPCL at a concessional rate. An RDF plant is already established there by the municipal corporation. Officials from BPCL/Gas Authority of India Limited and CBDA conducted a preliminary survey for establishing the plant on this land. The organic fertiliser produced as a by-product from the plant will promote organic farmingm they added. The plant's establishment is expected to reduce greenhouse gas emissions. The full-capacity production and sale from the CBG plant will generate Rs 1 crore annually in GST revenue, officials added. Compressed Bio Gas (CBG) is produced through the anaerobic digestion process using waste materials such as agricultural residue, cattle dung, sugarcane press mud, municipal solid waste, and sewage treatment plant waste. After purification, it is compressed and called Compressed Bio Gas (CBG), which has a high methane content. Given the consumption of biogas in the country, CBG has the potential to replace CNG in automobile, industrial, and commercial uses in the coming years. The agreement was between BPCL, Bilaspur Municipal Corporation, and Chhattisgarh Biofuel Development Authority (CBDA), in the presence of Additional Chief Secretary (ACS) Manoj Pingua. Follow more information on Air India plane crash in Ahmedabad here . Get real-time live updates on rescue operations and check full list of passengers onboard AI 171 .
