Latest news with #PULS
Business Upturn
3 days ago
- Business
- Business Upturn
Nibe shares jump over 4% after signing Technical Collaboration Agreement with Israel's Elbit Systems
By Aman Shukla Published on July 28, 2025, 10:30 IST Nibe Ltd shares rose 4% in Monday's trade after the company announced a key strategic collaboration with Israel-based defence technology firm Elbit Systems Land Limited. The two companies signed a technical collaboration agreement on July 26, 2025, marking a major step forward for Nibe's defence manufacturing ambitions. As of 10:30 AM, the shares were trading 3.84% higher at Rs 1,727.00. The agreement involves the transfer of license and technology for Elbit's Precise & Universal Launch System (PULS), a high-range artillery rocket system capable of targeting threats up to 300 km away. As part of the deal, Elbit will provide Nibe with critical know-how and licensing rights to manufacture, assemble, and integrate the PULS system in India. This collaboration will enable Nibe to establish a local manufacturing setup for the rocket system, contributing to the Indian government's 'Make in India' and defence indigenisation goals. The financial terms of the agreement are expected to be finalised within 45 days. Importantly, this is a strictly international partnership between two independent companies. Nibe clarified that neither its promoter group nor affiliates have any stake or interest in Elbit Systems, ensuring full compliance with SEBI's disclosure regulations. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Business Upturn
3 days ago
- Business
- Business Upturn
Stocks to watch on July 28: Titan, BEL, SAIL, Kotak Bank, TCS, Zydus, Brigade in focus after key deals and earnings
By Arunika Jain Published on July 28, 2025, 08:02 IST Several stocks are likely to be in focus on July 28 following major order wins, corporate developments, and quarterly earnings announcements. Here's a roundup of key newsmakers from the India Daybook: Major deals and project wins Titan Company announced the acquisition of Damas Jewellery, marking a strategic expansion in its international jewellery footprint. Bharat Electronics Ltd (BEL) secured a ₹1,640 crore defence contract for advanced air surveillance radars, while RITES bagged a ₹177 crore manufacturing unit project from BEL in Andhra Pradesh. Asian Energy Services received an ₹865 crore order from Vedanta, and Vatech Wabag secured a ₹380 crore water reuse project in Bengaluru. L&T Technology Services won a $60 million software engineering engagement from a Tier-I US telecom provider, and Nibe entered a technical collaboration with Israel's Elbit Systems for the PULS rocket system. Godrej Industries' aerospace unit signed a strategic manufacturing deal with Pratt & Whitney for supplying precision aircraft components. Zydus Lifesciences received tentative USFDA approval for a generic version of Ibrutinib tablets. Realty and infra updates Brigade Enterprises launched its premium residential project 'Brigade Avalon' in Whitefield, Bengaluru, with expected revenue of over ₹1,000 crore. Agi Infra will consider a stock split proposal on August 4, and Royal Orchid Hotels announced its fifth property in Mysore under the Regenta Resort Tropical Villages brand. NTPC Green signed an MoU with Bihar State Power Generation for renewable and battery storage projects, while Jayant Infratech won a ₹34 crore EPC contract for rail electrification in Assam. Positive earnings Several companies reported robust Q1 FY26 results: SAIL: Net profit at ₹744 crore vs ₹81.7 crore; revenue at ₹25,921 crore vs ₹23,997 crore (YoY). Lodha Developers: Net profit at ₹675 crore vs ₹475 crore; revenue at ₹3,492 crore vs ₹2,847 crore. Orient Cement: Net profit rose sharply to ₹201 crore vs ₹36.7 crore; revenue at ₹870 crore vs ₹701 crore. ACME: Net profit at ₹131 crore vs ₹1.4 crore; revenue at ₹511 crore vs ₹310 crore. Affle: Net profit at ₹105 crore vs ₹86 crore; revenue at ₹620 crore vs ₹519 crore. Premier Energies, Tata Chemicals, SG Mart, Schaeffler India and Omax Autos also posted strong YoY growth. Financial sector highlights Kotak Mahindra Bank reported Q1 net profit of ₹3,281.7 crore, slightly below estimates (poll: ₹3,442 crore). NII stood at ₹7,259.3 crore. Bank of Baroda exceeded expectations with net profit at ₹4,541 crore and NII at ₹11,435 crore. SBI Cards, IDFC First Bank, J&K Bank, TMB, Poonawalla Fincorp and Indian Overseas Bank also announced results, largely in line with estimates. Neutral to negative developments TCS announced plans to cut 2% of its global workforce over the course of FY26. Crisil was penalised ₹8 crore in a GST-related case on export services. Dr. Reddy's invested ₹565.4 crore in its Russia subsidiary, increasing its stake to 45.19%. On the earnings front, New Delhi Television Ltd (NDTV) reported a wider loss of ₹70.31 crore YoY, while CDSL, Petronet LNG, Zen Technologies, and Suraj Estate posted lower profits. Balkrishna Industries reported a steep decline in net profit to ₹288 crore from ₹490 crore, and Prataap Snacks saw its profit slump to ₹0.7 crore vs ₹9.4 crore YoY. CG Power received a ₹468 crore tax demand order from the Income Tax Department. Corporate and regulatory updates Menon Bearings declared an interim dividend of ₹2/share (record date: July 31). IndusInd Bank will appoint a new MD & CEO by August 28. Sona BLW clarified that former shareholder Rani Kapur hasn't held shares since 2019. Several stocks like Aurionpro , BASF , Wipro , CRISIL , and DLF are trading ex-dividend in the coming sessions. Changes in ASM and circuit filters: Datamatics, IEX, and Force Motors added to ASM; V2 Retail, Vadilal, and Magellanic excluded. Disclaimer: This article is based solely on publicly available company disclosures and stock exchange filings. It is not a recommendation to buy or sell any security. Please consult a qualified financial advisor before making any investment decisions. Ahmedabad Plane Crash Arunika Jain, a graduate in Mass Communication, brings a fresh perspective to the world of journalism. Arunika has a passion for writing finance and corporate news at You can write to her at [email protected]
Business Upturn
5 days ago
- Business
- Business Upturn
Nibe signs Technical Collaboration Agreement with Israel's Elbit Systems for PULS rocket system
Nibe Limited has officially entered into a technical collaboration agreement with Israel-based defence technology firm Elbit Systems Land Limited. Signed on July 26, 2025, the agreement focuses on the transfer of license and technology for the Precise & Universal Launch System (PULS), a high-range artillery rocket system. Under this agreement, Elbit will provide Nibe with the necessary know-how and licensing rights to manufacture and assemble the PULS system in India. The system is designed for long-range precision targeting, capable of engaging threats at distances up to 300 kilometers. The collaboration aims to establish a local manufacturing setup for PULS in India, allowing Nibe to take on responsibilities for development, assembly, and integration. The financial terms of the agreement are expected to be finalized within 45 days from the signing date. This is a purely international partnership between two independent entities, with no related party transaction involved. Neither Nibe's promoter group nor its affiliates have any stake or interest in Elbit Systems Land Limited. The agreement aligns with the regulatory requirements under SEBI's disclosure norms. With this development, Nibe Limited expands its presence in the defence manufacturing sector by bringing advanced rocket system capabilities to the domestic market through technology collaboration with a global player. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Yahoo
11-04-2025
- Business
- Yahoo
Dutch F-35s Provide Targeting For Rocket Artillery
Dutch F-35 stealth fighters have, for the first time in Europe, used a data exchange system to transmit targeting coordinates to rocket artillery. The system, developed by Lockheed Martin and known as Keystone, doesn't appear to have previously been reported, at least under this name. While we have reached out to Lockheed Martin for more information, the details that have surfaced so far were published by the Dutch Ministry of Defense. Gisteren is er tijdens Ramstein Flag @VlbLeeuwarden een belangrijke stap gezet in het multi domein-optreden. F-35's en het Nederlandse commandosysteem Keystone wisselden namelijk voor het eerst buiten de Verenigde Staten live gegevens uit. Lees meer — Koninklijke Luchtmacht (@Kon_Luchtmacht) April 9, 2025 During the course of NATO's recent Ramstein Flag large-scale exercise, which was run out of Leeuwarden Air Base in the Netherlands, a Royal Netherlands Air Force F-35A found and identified an undisclosed target on the ground. 'The aircraft then sent the information to the Keystone system. That automatically transmitted it to a land force unit, which then took out the target via the PULS missile artillery system.' While the F-35 is a very familiar asset, with the Dutch being very much at the forefront of the stealth jet's operations and expanding capabilities, the PULS is less well-known. The Israeli-made PULS (standing for Precise and Universal Launch System) was acquired by the Netherlands to extend the striking reach of its ground forces and was selected in favor of the U.S.-made High Mobility Artillery Rocket System (HIMARS). At the time, the Dutch Ministry of Defense said that PULS was chosen since it can carry more rockets, better fits within the country's budget, and will likely be more suitable for European-made ammunition. Manufacturer Elbit Systems describes the launcher for PULS as an 'autonomous' artillery rocket system that can fire a variety of munitions. The company explains that PULS comes with two 'pods' that are each designed for specific payload types with varying ranges, including the farthest-reaching Predator Hawk, a tactical ballistic missile with a range of up to 186 miles. Among rocket options, the furthest range is offered by the EXTRA, which can hit targets at 93 miles. Elbit says that this flexibility will prevent artillery units from having to move positions based on the firing range required for the mission, though the system is vehicle-based and designed to be highly-mobile. It's unclear exactly what types of rockets were fired from PULS during Ramstein Flag, but the Dutch Ministry of Defense has confirmed that this was the first instance that Keystone was used to exchange live data from an F-35 outside the United States. 'This process took only a few minutes, from finding the target to firing the missiles,' the ministry added. 'The test was conducted with help from the U.S. Air Force, F-35 manufacturer Lockheed Martin, and TNO [the Netherlands Organization for Applied Scientific Research].' The Royal Netherlands Air Force has been using the Keystone system since last year, the Dutch Ministry of Defense added. While the use of Keystone in Europe is new, using F-35s to provide targeting information to ground artillery units isn't new. As long ago as 2019, TWZ reported on how U.S. Army ground artillery units equipped with M109 self-propelled 155mm howitzers destroyed a mock air defense system after getting targeting information from a U.S. Air Force F-35. A year before that, U.S. Marine Corps F-35Bs were testing their ability to feed targeting data to the service's High Mobility Artillery Rocket System (HIMARS). While it's not clear what mock target was destroyed in the Ramstein Flag exercise, likely candidates would include ground-based air defenses, along with vehicle and troop concentrations, artillery systems, and more. When it comes to air defenses, removing these kinds of threats by 'kicking down the door' is a prerequisite to establishing air superiority over the battlefield, and the F-35 is an ideal asset for these kinds of destruction of air defense (DEAD) missions. In its own description of the F-35's core roles for the service, the Royal Netherlands Air Force highlights non-traditional intelligence, surveillance, and reconnaissance (NTISR), which it describes as 'gathering intelligence, monitoring an area and conducting reconnaissance missions — using its own sensors,' and 'sharing this information and intelligence with its own troops on the ground.' For some time now, it's been clear that the concept of operations could be extremely valuable for U.S. forces and their allies. This is especially the case in a future large-scale conflict against an opponent with a dense integrated air defense network. At the same time, while the F-35 provides a unique capability for acquiring targets, thanks to its extensive sensor suite, the same concept can be expanded to include a variety of other assets, including drones, different types of long-range artillery, and tactical missile systems. With the F-35 able to hoover up a prodigious amount of electronic signals data and with the ability to spot, categorize, and geolocate various emitters, including radars associated with air defense and artillery systems and communications nodes, the jet is very well placed for producing targeting coordinates. As well as this kind of electronic intelligence, further imagery and other data can be furnished by the F-35's AN/APG-81 radar, Electro-Optical Targeting System (EOTS), and AN/AAQ-37 Distributed Aperture System. These last three sensors are also inline for significant upgrades, as you can read about in these past stories. Whatever the source of that targeting information, it can be distributed to other aircraft, ground units, or command centers in rear areas. At this stage, the most appropriate strike asset can be tasked to eliminate the threat. A modern rocket artillery system like PULS, equipped with a computerized targeting system and able to fire GPS-assisted and other guided munitions, can make good use of F-35-provided data, especially in terms of geolocation information, and then rapidly target the threat. In general, these kinds of concepts of operations can get the best out of a diverse collection of weapons. Increasing the reach of its striking potential is currently very much at the forefront of the Dutch Armed Forces, as it builds a wider portfolio of long-range weapons acquired primarily in response to Russia's full-scale invasion of Ukraine. In a future conflict with Russia, finding the targets in real time would be of the highest importance. Having F-35s flying near or beyond the front, in a 'quarterback' role would be one way of acquiring real-time, actionable targets for long-range fires units that can strike rapidly. As well as PULS, other long-range strike weapons that the Netherlands is in the process of acquiring include AGM-158B Joint Air-to-Surface Standoff Missile-Extended Range, or JASSM-ER, for its F-35s. JASSM-ER can strike well-defended targets at a range of around 600 miles. Meanwhile, the Royal Dutch Navy is introducing Tomahawk cruise missiles, with a range of more than 600 miles. You can read more about this ongoing effort here. Dutch F-35s could potentially use the same kind of targeting tactics in combination with Tomahawk attacks, too. In the case of PULS, in particular, and with ground artillery more generally, these kinds of systems also offer the F-35 the huge benefit of an enormous 'magazine depth,' allowing multiple targets to be attacked, while the aircraft itself might only be able to prosecute a handful. This is especially the case if the fighter is carrying only internal ordnance, which would be required to preserve its low-observable qualities. As TWZ has written before, in the context of F-35s working alongside ground artillery: 'The aircraft could also stay on station after they've expended all of their own bombs and missiles and continue to destroy targets with an effectively unlimited magazine, albeit indirectly. Army artillery units down below also have the benefits of being highly flexible and able to rapidly shift focus from one target area to another, so long as it is within their range, and can operate in poor weather that might ground aircraft or otherwise limit their ability to respond.' Overall, the Dutch demonstration at Ramstein Flag emphasizes the growing importance placed on long-range 'kill chain,' something that the U.S. military sees as critical to taking on China over the vast distances that would be involved in a future Indo-Pacific war with China. However, the same kinds of tactics are just as applicable in Europe, especially when facing a resurgent Russian military. While it remains unclear precisely how the Keystone system works, in terms of networks and datalinks, as well as its operational status at this point, we hope to learn more about what it can offer soon. In the meantime, a Dutch F-35 calling in a rocket artillery strike on a ground target is another important demonstration of the aircraft's evolving capabilities. The F-35 is likely to become an even more critical asset within these kinds of kill chains as the Netherlands continues to expand its long-range strike capabilities, against targets on land and potentially also at sea. Contact the author: thomas@
Yahoo
10-04-2025
- Business
- Yahoo
France plans to test homemade HIMARS alternative by mid-2026
PARIS — France plans to test a domestically-developed rocket artillery system by mid-2026 as an alternative to the U.S. High Mobility Artillery Rocket System, or HIMARS, a move that could open up options for allies seeking a European capability. The French Directorate General for Armament is looking to identify the technical solutions that will enable a demonstration firing in a year's time, the defense-procurement agency told Defense News in a written reply to questions. The DGA is working with a consortium of Safran and MBDA and another of Thales and ArianeGroup to develop a tactical strike capability in the 150 kilometer (93 mile) range. Time is running out for France to replace its Lance-Roquettes Unitaire, a modified version of the M270 multiple launch rocket system, with the Army's nine remaining systems set to reach the end of their service life in 2027. Lawmakers and military brass have been pushing to develop a domestic option rather than buy abroad, in line with French policy for autonomy in defense matters. 'Service withdrawal of the LRU is approaching, and retention of the capability will be an issue at that point,'said Léo Péria-Peigné, a researcher at the Paris-based Institut Français des Relations Internationales specializing in armament capacity. 'The urgency is relative – we have hardly ever used this capacity in the past 30 years.' Safran and MBDA are on track for the 'ambitious' DGA schedule, confirming their target for a test firing in mid-2026, they said in a joint statement to Defense News. Thales and ArianeGroup didn't comment on timing, with Thales saying the companies have been working as an integrated team for several months to offer a 'pertinent solution' for the armed forces. France's 2024-2030 defense spending plan has budgeted €600 million ($663 million) for the rocket-artillery program, called Frappe Longue Portée Terrestre or FLP-T for short, with a goal of buying at least 13 systems by 2030 and 26 systems to equip a battalion by 2035. The schedule to replace the LRU 'is proceeding nominally' and within the timetable set by the defense spending law, according to the DGA. Meanwhile, there's still the option of a foreign purchase if things end up taking to long. That decision is on the calendar for next year, the directorate said. German rocket artillery pick tests the waters on US arms dependence The long-range tactical strike capability is 'essential' and a niche that needs to be filled, French Army Chief of Staff Gen. Pierre Schill told lawmakers in an October hearing, noting that many other European countries have a rocket artillery capability. Europe lacks a home-made HIMARS equivalent, and European armies shopping for rocket artillery in recent years either picked the U.S. option, the PULS launcher by Israel's Elbit Systems, or Hanwha Aerospace's Chunmoo. Elbit is working with KNDS on a Europeanized version of PULS, while Germany's Rheinmetall and Lockheed Martin in 2023 joined forces to develop the GMARS system. Other than France, European countries still in the market for rocket artillery include Sweden and Norway. The Netherlands, Germany, Denmark and Spain already picked PULS, Poland acquired Chunmoo and HIMARS, while the Baltic countries, Romania and Italy are HIMARS customers. Meanwhile, the U.K. is considering expanding its fleet of M270 multiple launch rocket systems. That leaves a narrow commercial window for French-developed rocket artillery, though a push by the European Union's executive arm for member states to spend more of their defense budgets within the 27-nation bloc may provide a tailwind for a European solution. Safran and MBDA said their rocket-artillery system, dubbed Thundart, is based on 'mature and mastered subsystems,' and an initial operational capability could be produced before 2030. In the already saturated marketplace, 'there will be no export market for a French system that will not be ready before 2030,' said Péria-Peigné. The DGA signed innovation partnerships with the two consortiums in November, providing a first round of financing for the FLP-T program. The partnership contract allows the procurement office to buy the system at the end of the development phase without a new competitive tender, provided the armament meets performance requirements. The innovation partnership includes a 'significant degree of self-financing' by industry, Safran Electronics & Defense CEO Franck Saudo said in a parliamentary hearing in November. Each consortium will carry out a firing of its demonstrator, after which the French government will make a choice, the DGA said. At the end of the current 18-month contracts, the consortiums will submit a proposal that will allow the government to choose between various solutions, including off-the-shelf equipment, according to the directorate. DGA head Emmanuel Chiva had told the Sénat foreign affairs committee in November that if the industrial partners would 'work well,' the first orders might be placed in late 2025 or early 2026. That now appears to have been pushed back by several months. Safran and MBDA said the geopolitical context and changing artillery requirements reinforce the interest of a sovereign solution for France in particular, but also for other European countries, with Thundart the only rocket artillery system designed and built in Europe, free of U.S. arms-trade restrictions, and with independent manufacturing that provides control over the production pace. The companies started working together on designing the new system at the end of 2023, and presented a mock-up of their Thundart 227 mm long-range guided-artillery rocket at the Eurosatory defense show in June 2024, as a first step in the FLP-T program. The rocket has 150-kilometer accuracy, according to Matthieu Krouri, MBDA's head of land combat systems. MBDA has production capacity adapted to the size of the tactical munitions required in France's Centre-Val de Loire region, where final assembly will take place, the companies said. For its part, Safran has 'strongly' increased production of AASM Hammer guided bombs, which have a guidance kit 'very similar' to that of the Thundart munition, according to the consortium. 'Safran and MBDA are convinced of the relevance of this solution and have already invested heavily in this project,' the companies said. 'The collaboration between Safran and MBDA on Thundart is a long-term project, which is already well advanced.' Meanwhile, Thales and ArianeGroup teams are 'fully mobilized' to propose a sovereign fire-support system that can deal with high-value targets, either surface or point targets, Thales said, without providing further details. The new system will replace nine M270s on a Bradley tracked chassis, one of the rare pieces of U.S.-origin combat equipment still serving with the French Army, whose force is built around French-developed and manufactured tanks, armored vehicles and tube artillery. Replacing the decades-old LRU is a priority for the army, according to the 2025 defense budget, with a sovereign solution preferred as long as it can be achieved rapidly and with controlled costs. Army engineers may be able extend the lifespan of the LRU by another two to three years, but not much longer, according to Péria-Peigné at IFRI. The goal of a sovereign solution had 'not been abandoned,' French Armed Forces Chief of Staff Gen. Thierry Burkhard told a National Assembly hearing in October. Chiva said in November the LRU replacement 'must be sovereign, and we are working towards this,' with the project taking some time due to the need to define Army requirements and 'a certain confusion' in the requests. The urgency of the capacity requirement may dictate having to turn to a foreign system after all, National Assembly special budget rapporteur Christophe Plassard said in October. At the same time, HIMARS may not be a solution, as stress on production lines means delivery of the U.S system might not be possibly starting in 2027, the National Assembly's defense committee wrote in an evaluation of the 2025 defense budget published in October. 'There is internal tension between supporters of the off-the-shelf solution and those in favor of national development,' Péria-Peigné said. The military planning law calls for a system that could have a longer range than the LRU, in particular by allowing integration of hypersonic missiles with a range of several hundreds of kilometers. The DGA has asked both consortiums to study the cost and feasibility of including a future operational capability for strikes at ranges of 500 kilometers and 1,000 kilometers. The rocket-artillery project is separate from the European Long-range Strike Approach, which concerns strikes at a distance of several thousands of kilometers, Burkhard said in November. Still, the envisaged future development of the FLP-T project has 'strong adherence' with ELSA, according to the DGA. Development of a long-range land-based strike capability beyond 1,000 kilometers is less urgent, with systems not expected until the 2030-2035 time frame, according a supplement to the 2025 defense budget discussing preparation for the future. Studies on strategic long-range strike were ongoing based on solutions proposed by ArianeGroup and MBDA, according to the October report. MBDA has proposed its Land Cruise Missile, a land-based version of its company's Missile de Croisière Naval, as a short-term solution for ELSA.
