Tembo Defence plans to make 1911 .45 caliber pistol and ammo
Nagpur: Tembo Defence, the company that was allotted 100 acres of land in Amravati by the Maharashtra Industries Development Corporation (MIDC), plans to make '1911 .45 calibre' pistols and ammunition.
The plant at Amravati may also make ammunition for semi-automatic handguns. The pistol would be made using Austrian technology.
Tembo Defence, which is a subsidiary of Tembo Global, will be one more entrant into this segment. The .45 calibre was brought under the non-prohibited category around eight years ago. Now, private individuals can purchase the weapon after getting an arms licence. This led to other private players starting manufacturing the weapons too, said sources among licensed arms dealers.
Responding to TOI queries, company managing director Sanjay Patel said, "We are setting up a dedicated facility at Amravati, which will serve as a hub for precision manufacturing. We are also exploring additional locations across India to scale up our defence capacity. The company has signed a memorandum of understanding to secure Austrian technology for small arms."
You Can Also Check:
Nagpur AQI
|
Weather in Nagpur
|
Bank Holidays in Nagpur
|
Public Holidays in Nagpur
Patel said Tembo Defence plans to commission the Amravati facility within 12 to 15 months of getting the regulatory approvals.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Free P2,000 GCash eGift
UnionBank Credit Card
Apply Now
Undo
The company is also looking for strategic partnerships and institutional funding if needed for the project, apart from depending on internal accruals.
The company is eyeing demand from armed forces, paramilitary, state police, and private security agencies. Even as the arms will be tailored to Indian operational needs, the company is also eyeing export markets. Sources said the .45 calibre guns of other manufacturers are available in the licensed arms dealers' outlets. The .45 calibre guns are known for their power and are used by law enforcement agencies abroad.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
an hour ago
- Time of India
Powerball jackpot: two winners split $30 million in latest New Zealand Lotto draw
Powerball jackpot winners announced in New Zealand Lotto draw Two New Zealand Lotto players have each received $15,083,333 after winning Saturday's, June 21, $30 million Powerball jackpot, according to Lotto NZ. The winners, one from the bottom of the North Island and the other from the bottom of the South Island, became the 10th and 11th Powerball jackpot winners in New Zealand for 2025. Lotto NZ officials confirmed that the winning tickets were sold through separate outlets, with one purchased in the North Island and the other in the South Island city of Invercargill. The Powerball jackpot had reached $30 million before the draw on Saturday evening. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Ductless Air Conditioners Are Selling Like Crazy [See Why] Keep Cool Click Here Undo Also read: This supermarket in Invercargill just sold a $15M Lotto ticket, here's what we know The Invercargill winner, a woman who chose to remain anonymous, stated that family support was one of her immediate priorities following the win. Live Events 'I called my daughter and said: 'How would you feel if I told you I was going to pay your mortgage?'' she said. 'My son didn't believe me at first, he had to check the ticket himself. They were both thrilled for me.' The other winning ticket holder, a man from the lower North Island, has not released further details about how he plans to use his share of the Powerball prize. This recent Powerball jackpot marks one of the largest wins of the year, maintaining Lotto NZ's pattern of frequent large payouts in 2025. According to the lottery organization, these two wins bring the year-to-date total of Powerball multi-millionaires to 11. The odds of winning Powerball First Division in New Zealand remain approximately one in 38 million per line. Lotto NZ encourages all players to check their tickets and claim prizes through authorized channels. The organization continues to emphasize responsible gambling practices as participation increases around large jackpot events.
Mint
an hour ago
- Mint
Breakout stocks to buy or sell: Sumeet Bagadia recommends five shares to buy today — 25 June 2025
Breakout stocks buy or sell: The Indian stock market closed with modest gains on Tuesday, June 24, as investors booked profits at higher levels. During the session, the Sensex surged over 1,100 points, and the Nifty 50 crossed the 25,300 mark. However, gains were trimmed following media reports of a ceasefire breach by Iran. The Sensex opened at 82,534.61, up from its previous close of 81,896.79, and climbed more than 1% to hit an intraday high of 83,018. Similarly, the Nifty 50 opened at 25,179.90, compared to its last close of 24,971.90, and rose over 1% to touch an intraday peak of 25,317.70. Sumeet Bagadia, Executive Director at Choice Broking, believes that Indian stock market sentiment is guided by the geopolitical tension caused by Israel-Iran news. Speaking on the outlook of Indian stock market, Bagadia said, ' The Nifty 50 index is trading in a broader 24,500 to 25,250 range. Bullish or bearish trend can be assumed in the breakage of either side of the range. So, one should maintain stock-specific approach and look at those stocks that are looking strong on the technical chart. Looking at breakout stocks can be a good option." Sumeet Bagadia recommends five breakout stocks to buy today: CCL Products (India), SBFC Finance, LT Foods, Vishal Mega Mart, and Delhivery. 1] CCL Products (India): Buy at ₹ 850.35, target ₹ 920, stop loss ₹ 820; 2] SBFC Finance: Buy at ₹ 107.5, target ₹ 116, stop loss ₹ 103; 3] LT Foods: Buy at ₹ 441.7, target ₹ 477, stop loss ₹ 426; 4] Vishal Mega Mart: Buy at ₹ 133.02, target ₹ 145, stop loss ₹ 128; 5] Delhivery: Buy at ₹ 377.05, target ₹ 405, stop loss ₹ 363. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
Economic Times
an hour ago
- Economic Times
Why is RBI stimulating a healthy economy?
Reuters A Reserve Bank of India (RBI) The Reserve Bank of India's recent jumbo rate cuts took economists by surprise, as many indicators point to an economy chugging along nicely. Why then did the RBI need to frontload monetary stimulus? The RBI on June 6 cut the repo rate by 50 basis points and the cash reserve ratio by 100 bps, while also changing the monetary policy stance from "accommodative" to "neutral," implying that future rate moves could be up or down. The RBI's actions clearly confused investors. After the outsized rate cut, 10-year Indian bond yields actually jumped by around 10 bps, before receding slightly over the following weeks. The confusion surrounding the large rate cuts is understandable, as several high-frequency indicators signal that India has a stable and improving economic trajectory. For one, collection of goods and services tax, a proxy for corporate revenue, has been steadily inching upwards since bottoming out in late 2024. Similarly, monthly E-Way bills, an indicator of goods movement and tax compliance, have been rising by more than 13% year-over-year in the past 12 months. The inflation trajectory appears benign as well. Food inflation, the largest component of Indian CPI, looks set to decline given forecasts for a normal monsoon season and thus a surge in food production. Low food prices would likely support urban consumption, further alleviating growth concerns. What then drove the RBI to cut the repo rate massively and inject an additional 2.5 trillion rupees of liquidity into the banking system through the CRR cut? RBI Governor Sanjay Malhotra partly answered the question in his post-meeting media interactions. He noted that growth was lower than the bank's "aspirations", amid a challenging backdrop of global uncertainty, which compelled the Monetary Policy Committee to ease policy in order to stimulate consumption and investment growth."Global uncertainty" is only part of the story, however. What was left unsaid is that there are multiple signs that Indian consumption could be facing headwinds. First, passenger car sales, a reliable indicator of urban consumption sentiment, remain subdued, with less than 2% year-on-year sales growth in the fiscal year ended March 2025, according to the Society of Indian Automobile Manufacturers, though growth in motorcycle and scooter sales remains strong at 9.1% y/y, implying stronger buoyancy in rural and semi-urban consumption. More ominously, households seem to be financing their consumption by taking on more debt. Indian household debt as a proportion of GDP may not be alarming by emerging markets standards, but it has increased over the past two years from 36% to 42%, according to the Reserve Bank of India. Credit card loans have increased by 50% over the past three years. And the household savings rate has declined as a result, from 24% a decade ago to about 18% now. By lowering borrowing costs and thus reducing cash outlays for mortgages and personal loans, the RBI could relieve some of this household financial stress. And, in theory, the resultant increase in disposable incomes should boost both consumption and investment moving forward. But the RBI's large cuts may not be enough to achieve this outcome. Boosting consumption typically requires raising confidence related to job security and income visibility, not just making money cheaper. To protect against the risk of an ineffective monetary policy move, central banks usually try to keep aside some "dry powder", or room for more stimulus. In a crisis, central banks may pull out the monetary "bazooka", but in normal times, central banks typically err on the side of caution. The RBI appears to have some ammunition left, but far from what would be ideal. The lowest the repo rate has been over the past decade was during the pandemic when it fell to 4%. That's 1.5 percentage points below the present level. When excluding the pandemic period, the lower bound on the repo rate has usually been only about 50 bps below where it is now. Meanwhile, the cash reserve ratio is already at a record low. This limited monetary space could be an issue, as the RBI may already be considering more stimulus. Governor Malhotra recently suggested that more policy space could be opened up if inflation falls below the bank's projections. Fortunately for the RBI, India's consumer inflation seems to be headed that way. Since February, CPI inflation has been resolutely below the RBI target of 4%. With the most recent print of 2.82% in May, inflation could be on its way to a decade low. This is partly because food prices have been moderating and India is increasingly importing more goods from China, which is struggling with deflation. While it looked last week like the Israel-Iran war might complicate this picture by causing an oil price spike, that now seems less likely following the announcement of a ceasefire. Of course, the ongoing trade war could also put upward pressure on global prices while also weighing on growth. The RBI's large rate cuts were likely intended to keep India's economy going strong, but making such big moves now means the bank could potentially find it harder to stimulate when the economy really needs it. Enjoying this column? Check out Reuters Open Interest (ROI), your essential new source for global financial commentary. ROI delivers thought-provoking, data-driven analysis of everything from swap rates to soybeans. Markets are moving faster than ever. ROI can help you keep up. Follow ROI on LinkedIn, opens new tab and X, opens new tab. (The views expressed here are those of Manishi Raychaudhuri, the founder and CEO of Emmer Capital Partners Ltd and the former head of Asia-Pacific equity research at BNP Paribas Securities.)
