logo
Indian Army conducts successful 'Teesta Prahar' in Teesta field firing range

Indian Army conducts successful 'Teesta Prahar' in Teesta field firing range

Time of India15-05-2025

Live Events
(You can now subscribe to our
(You can now subscribe to our Economic Times WhatsApp channel
The Indian Army carried out a large-scale integrated field exercise titled ' Teesta Prahar ' at the Teesta field firing range on Thursday, showcasing its operational readiness and coordination among combat and support arms in riverine terrain, according to a Defence PRO statement.The exercise witnessed active participation from key combat and support arms, including the Infantry, Artillery, Armoured Corps, Mechanised Infantry, Para Special Forces, Army Aviation, Engineers, and Signals.A key highlight of the drill was the deployment and validation of newly inducted next-generation weapon systems, military platforms, and advanced battlefield technologies, as a part of the Indian Army's emphasis on modernisation.In addition, the exercise emphasised jointness, synergy, and seamless coordination, reinforcing the Army's ability to operate swiftly and effectively across varied terrain and adverse weather conditions. The statement further said it featured tactical drills, battle rehearsals, and adaptive manoeuvres aimed at refining responses to dynamic combat scenarios.Earlier today, the Defence Research & Development Organisation (DRDO) successfully developed an indigenous nanoporous multilayered polymeric membrane for high-pressure seawater desalination, according to the Ministry of Defence statement.Defence Materials Stores and Research & Development Establishment (DMSRDE), the Kanpur-based laboratory of DRDO, has developed the technology for a desalination plant in Indian Coast Guard (ICG) ships based on their operational requirement to address the serious challenge of stability when exposed to chloride ions in saline water. The development was completed in a record eight months.As per the MOD statement, DMSRDE and ICG successfully conducted initial technical trials in the existing desalination plant of the ICG's Offshore Patrolling Vessel (OPV). The initial safety and performance trials of the polymeric membranes were fully satisfactory. ICG will give the final operational clearance after 500 hours of operational testing.Presently, the unit is being tested and trialled on OPV. After certain modifications, this membrane will be a boon for desalinating seawater in coastal areas. It is another step by DMSRDE in the journey of Aatmanirbhar Bharat.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Scoda Tubes is flat on debut
Scoda Tubes is flat on debut

Business Standard

time10 minutes ago

  • Business Standard

Scoda Tubes is flat on debut

Shares of Scoda Tubes were currently trading at Rs 146.95 at 10:26 IST on the BSE, representing a premium of 4.96% compared with the issue price of Rs 140. The scrip was listed at 140, matching the initial public offer (IPO) price. The stock was currently up 4.96% over its listing price. So far, the stock has hit a high of 146.95 and a low of 136. On the BSE, over 4.34 lakh shares of the company were traded in the counter so far. The initial public offer of Scoda Tubes received was subscribed 53.78 times. The issue opened for bidding on 28 May 2025 and it closed on 30 May 2025. The price band of the IPO is fixed between Rs 130 and 140 per share. The offer comprised a fresh issue of up to 15714286 equity shares at the upper price band of Rs 130 and 16923077 equity shares at the lower price band of Rs 140, aggregating Rs 220 crore. The company proposes to utilize the net proceeds from the issue towards capital expenditure related to expanding production capacity of seamless and welded tubes and pipes amounting to Rs 76.99 crore, funding the part incremental working capital requirements of the company amounting to Rs 110 crore and the balance towards general corporate purposes. The company is expanding capacity of stainless steel seamless products by approximately 10,000 tpa to reach a total capacity of 20,068 tpa and stainless steel welded products by approximately 12,130 tpa to reach a total capacity of 13,150 tpa. The total project cost is Rs 104.984 crore. The seamless manufacturing facility is expected to start commercial production by January 2026 and the welded manufacturing facility is expected to start commercial production by March 2026. As of December 31, 2024, the companys outstanding working capital facility in the form of short-term borrowings is Rs 118.616 crore. Ahead of the IPO, Scoda Tubes on Tuesday, 27 May 2025, raised Rs 65.99 crore from anchor investors. The board allotted 4,714,200 shares at Rs 140 each to 6 anchor investors. Scoda Tubes, incorporated in 2008, is a Gujarat-based manufacturer of stainless steel seamless and welded tubes and pipes. It operates a single manufacturing facility in Mehsana with a strong focus on seamless products, which contribute over 85% of revenue. The company serves both domestic and international markets across industries like oil & gas, chemicals, power, pharma, and transportation, exporting to over 11 countries. Scoda is ISO and PED certified and markets its products under the brand Scoda Tubes. The firm reported a consolidated net profit of Rs 24.91 crore and total income of Rs 361.17 crore for the nine months ended on 31 December 2024.

Former RCB owner Mallya recalls picking Kohli, says IPL title is dream-come-true moment for him
Former RCB owner Mallya recalls picking Kohli, says IPL title is dream-come-true moment for him

Mint

time12 minutes ago

  • Mint

Former RCB owner Mallya recalls picking Kohli, says IPL title is dream-come-true moment for him

New Delhi, Jun 4 (PTI) Former Royal Challengers Bengaluru owner Vijay Mallya recalled picking a young Virat Kohli 18 seasons ago in the players auction and said it was remarkable to witness the maestro staying loyal to the franchise, which has finally won a long-awaited IPL trophy. RCB defeated Punjab Kings by six runs in the IPL final in Ahmedabad on Tuesday to end their long wait in the 18th edition of the tournament. "When I founded RCB it was my dream that the IPL trophy should come to Bengaluru. I had the privilege of picking the legendary King Kohli as a youngster and it is remarkable that he has stayed with RCB for 18 years," Mallya wrote in a post on 'X'. RCB, which was bought by Mallya for USD 111.6 million back in 2008, picked Kohli in the inaugural IPL auction in January 2008, and the batting superstar has only played for the Bengaluru-based franchise since then. The UK-based Mallya lost ownership of the franchise in 2016 after defaulting on bank loans. The team is now completely owned by United Spirits. Mallya is, however, credited with playing major a role in signing the cricketing giants like AB de Villiers, Chris Gayle, Jacques Kallis, and Anil Kumble among others for RCB. "I also had the honour of picking Chris Gayle the Universe Boss and Mr 360 AB DeVillers who remain an indelible part of RCB history. Finally, the IPL trophy arrives in Bengaluru. "Congratulations and thanks again to all who made my dream come true. RCB fans are the very best and they deserve the IPL trophy. Ee Sala Cup Bengaluru baruthe ! (This year, the cup is ours)," Mallya wrote. The liquor baron, who is accused of defaulting on loans worth several crores from Indian banks, including the State Bank of India (SBI), congratulated the entire RCB team management for the triumph. "RCB are IPL Champions finally after 18 years. Superb campaign right through the 2025 tournament. A well balanced team Playing Bold with outstanding coaching and support staff. Many congratulations ! Ee sala cup namde !!"

Tata Technologies Shares Down 2.5% As TPG Likely Offloads 2.1% Stake Via Block Deal
Tata Technologies Shares Down 2.5% As TPG Likely Offloads 2.1% Stake Via Block Deal

News18

time33 minutes ago

  • News18

Tata Technologies Shares Down 2.5% As TPG Likely Offloads 2.1% Stake Via Block Deal

Tata Technologies Share Price: Shares of Tata Technologies Ltd. opened lower on Wednesday, June 4, following a significant block deal in the Tata Group company. Tata Technologies Share Price: Shares of Tata Technologies Ltd. opened lower on Wednesday, June 4, following a significant block deal in the Tata Group company. Around 86 lakh shares, representing 2.10% of the company's overall equity, changed hands in the transaction, as per exchange data. On Tuesday, CNBC-TV18 reported that US-based private equity firm TPG planned to sell up to a 2.1% stake in the company through block deals. The offer price was reportedly set at Rs 744.5 per share, marking a discount of up to 3% from Tuesday's closing price. The buyers and sellers in this transaction have not been officially disclosed. As of the March quarter, TPG Rise Climate held a 6.01% stake in Tata Technologies. The company recently announced its March quarter results. Revenue declined slightly from the previous year to Rs 1,286 crore, while EBITDA slipped 2% year-on-year to Rs 233.5 crore, with the margin narrowing to 18.2%. advetisement Despite this, Tata Technologies reported a 20% year-on-year rise in consolidated profit after tax (PAT) to Rs 189 crore in Q4FY25, up from Rs 157 crore a year earlier. The company maintained tight control over its expenses, which stood at Rs 1,088 crore for the quarter—lower than Rs 1,119 crore in Q3FY25 and Rs 1,094 crore in the same period last year. This cost discipline supported double-digit profit growth on both a YoY and QoQ basis. Additionally, the board approved a final dividend of Rs 8.35 per equity share, along with a one-time special dividend of Rs 3.35, totaling Rs 11.70 per share for the financial year ended March 31, 2025. Tata Technologies shares ended Tuesday's session at Rs 768 on the NSE, down Rs 6.30 or 0.81%. The stock has underperformed the broader market, falling 26% over the last year and declining 13% so far in 2025. In contrast, the Nifty index has gained 5.5% and 3.4% over the same periods, respectively. Disclaimer:Disclaimer: The views and investment tips by experts in this report are their own and not those of the website or its management. Users are advised to check with certified experts before taking any investment decisions. About the Author Aparna Deb Stay updated with all the latest news on the Stock Market, including market trends, Sensex and Nifty updates, top gainers and losers, and expert analysis. Get real-time insights, financial reports, and investment strategies—only on News18. First Published: June 04, 2025, 10:26 IST

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store