Latest news with #Akula
The Print
01-08-2025
- Business
- The Print
AKSI Aerospace bags Rs 85 cr order from global drone maker, plans USD 5 mn investment
At its 50,000 sq. ft. facility in Hyderabad, the company designs and produces essential drone subsystems, including autopilots, lithium batteries, battery management systems (BMS), navigation units and composite airframes. The company also announced an investment of USD 5 million (around Rs 44 crore) in the next two years to expand and upgrade its facility in Hyderabad. Mumbai, Aug 1 (PTI) AKSI Aerospace Group on Friday announced that it has bagged an order for the supply of drone subsystems worth Rs 85 crore from global drone manufacturer FIXAR. 'The facility has bagged an order of Rs 85 crore from global drone manufacturer, FIXAR,' AKSI Aerospace, which showcased its drone development capabilities at the 6th International Drone Expo in New Delhi, said in a statement. Pankaj Akula, Managing Director of AKSI Aerospace Group, said that the company expects a twofold increase in revenue from the facility to Rs 70 crore in the next fiscal from expected Rs 35 crore in the current fiscal year. Akula claimed that AKSI Aerospace received recognition for its role post Operation Sindoor, where its indigenously manufactured drone components were deployed by the Indian armed forces. PTI IAS BAL This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
Indian Express
25-07-2025
- Sport
- Indian Express
Sreeja Akula – ‘I didn't focus on rankings, was well prepared' after beating Paris Olympics bronze medallist Hina Hayata
Hyderabad paddler Sreeja Akula caused yet another upset on the international circuit, in pursuit of defending her Lagos WTT Contender title, when she beat Paris bronze medallist Hina Hayata 11-7, 11-8, 11-3 in the very first round she played. The Japanese world no 11 had arrived at WTT Contender Lagos 2025, with title ambitions but those were interrupted by Sreeja, seeded ninth, in straight games. The Indian 26-year-old is ranked No 57, and there was a ranking gap of 46 positions in the ITTF World markers with Hayata the red-hot favourite heading into Thursday's showdown, but was in for a difficult day at the office, according to the WTT website. 'Known for her shrewd acumen and incredible defensive prowess, it was always going to be a demanding challenge to break down Akula. And Hayata would fall short on this occasion as Akula remained steadfast to close out a stunning 3-0 victory over the World No.11,' WTT wrote. In the other half of the draw, No.2 seed Honoka Hashimoto was off to an easier start dropping just six points across three games in her clash with qualifier Kabirat Ayoola (11-1, 11-3, 11-2). But Sreeja's donination of Hayata was from the outset as she sealed a spot in the round of 16, hoping to defend her crown. Sreeja had become the first Indian to win a WTT Contender in a fine showing in June of 2024, and announced herself as a winner to be taken note of at Nigeria. She returned to the event, and immediately caused a stir. The electric upset lit up the Molade Okoya-Thomas Hall inside the Teslim Balogun Stadium, according to Premium Times Nigeria. 'I was well-prepared for the match, even though it was my first time playing against her,' Akula told Premium Times, post-match. 'She's the top-ranked player, but I didn't focus on rankings. I just concentrated on my game, and I'm happy with how I played.' The paper further wrote: 'It wasn't just the win; it was the manner Akula showed remarkable composure and shot selection, barely allowing Hayata a foothold. It was a performance laced with both tactical maturity and emotional calm. For Akula, Lagos has fast become more than a tournament stop; it's now a proven fortress. 'Being the defending champion gives me a lot of confidence. I won both the women's singles and doubles titles last year. Lagos has been a good hunting ground for me, and I'm really happy to be back. I just want to play my best and enjoy the tournament,' she added to PT Nigeria.
India.com
02-07-2025
- Business
- India.com
Masterstroke by Modi govt as Russia agrees to...., India set to boost it's arsenal by buying deadly weapons like...
Masterstroke by Modi govt as Russia agrees to...., India set to boost it's arsenal by buying deadly weapons like... Russian President Vladimir Putin is coming to Delhi in September this year to participate in the annual summit between India and Russia. This is the first time that the Russian President is visiting India since war with Ukraine. During this time, Russia is expected to offer both conventional and nuclear submarines and long-range cruise missiles. What is Russia expected to offer? According to reports, Russia is offering the lease and transfer of a second Akula class nuclear-powered attack submarine, at least six refurbished Kilo class submarines and 1500-kilometer-range Caliber cruise missiles. India currently has 17 conventional submarines, two-thirds of which were purchased in the 1980s and now these submarines are getting old. Their service life is ending. Therefore, India now needs new submarines. What are the benefits to India from Russia's proposal? Russia has been India's largest defense equipment supplier for the last five decades. Even today, 60% of India's military assets are of Russian origin, including T-72 and T-90 tanks, Kilo class submarines, and most importantly SU-30MKI fighter jets. The BrahMos supersonic cruise missile, which India recently used to attack Pakistani airbases during Operation Sindoor, is a joint project of Russia and India. Although in the last few years India has reduced its dependence on Russia alone and started buying weapons from countries like Israel, South Korea, Germany, France and the US, Russia still remains India's largest defense partner. Why is Russian President's visit to India very important? This visit of Putin will be his first visit to India after the Russia-Ukraine war. This comes after Prime Minister Narendra Modi visited Moscow on his first bilateral visit after becoming PM for the third time in July 2024 last year to participate in the 22nd India-Russia dialogue. Now, ahead of the 23rd dialogue, Russia is making offers to India in areas where the US cannot compete, such as nuclear submarines, long-range cruise missiles and S-500 air defense systems. The US has neither sold nor leased its nuclear submarine to any country till date. Apart from this, the US has also given its Tomahawk missile only to Britain. In such a situation, Russia remains the only most reliable option for India. The 1500 km range Caliber land-attack cruise missile is considered a major strategic offer from Russia.
