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Business Standard
a day ago
- Business
- Business Standard
In a first, Indian Navy inducts woman officer into its fighter pilot stream
In a historic moment for the Indian Navy, Sub-Lieutenant Astha Poonia has officially become the first woman to be inducted into the fighter stream, marking a major milestone in the Navy's journey towards greater gender inclusivity in combat roles, news agency ANI reported. Sub-Lieutenant Poonia received the prestigious "Wings of Gold" from Rear Admiral Janak Bevli, Assistant Chief of the Naval Staff (Air), during a ceremony held on Thursday (July 3). She completed the Second Basic Hawk Conversion Course at Naval Air Station INS Dega in Visakhapatnam, alongside Lieutenant Atul Kumar Dhull, who was also conferred the same honour. Defence acquisition council clears key deals On the same day, the Defence Acquisition Council (DAC), headed by the Defence Minister, approved 10 capital acquisition proposals worth approximately ₹1.05 trillion. The proposals include the procurement of indigenously developed Quick Reaction Surface-to-Air Missiles (QRSAMs), naval vessels, and other defence systems. The approvals cover armoured recovery vehicles, electronic warfare systems, and an integrated common inventory management system for the tri-services. Surface-to-air missiles were also part of the key items cleared. Navy gets stealth edge with Udaygiri frigate Adding to its modernisation, the Indian Navy recently received Udaygiri, the second stealth frigate of the Project 17A class, from Mazagon Dock Shipbuilders Limited (MDL). The advanced multi-mission warship, capable of operating in blue-water environments, was designed by the Navy's Warship Design Bureau. According to MDL, Udaygiri features cutting-edge technologies for stealth, sea-keeping, and survivability, with hull shaping and signature suppression techniques making it comparable to top-class global warships. INS Arnala joins Navy's shallow-water warfare fleet Further strengthening its anti-submarine warfare capabilities, the Navy last month commissioned INS Arnala — the first of 16 indigenously built Anti-Submarine Warfare Shallow Water Crafts (ASWSWC). Named after a coastal fort in Maharashtra, the 77-metre-long ship is part of the Eastern Naval Command and is the largest Indian Naval warship to be powered by a diesel engine-waterjet combination. The vessel is equipped with advanced underwater sensors, acoustic communication systems, and a comprehensive weapons suite, including lightweight torpedoes, rockets, decoys, and mine-laying capabilities. It also supports search and rescue operations in coastal waters.
Business Upturn
2 days ago
- Business
- Business Upturn
Defence stocks jump: Paras Defence up 6%, Apollo Micro up 2.4%, HAL up 0.6%, GRSE up 1.7% as DAC clears Rs 1.05 lakh crore proposals
By Aditya Bhagchandani Published on July 4, 2025, 09:34 IST Defence stocks were in focus on Friday after the Defence Acquisition Council (DAC), chaired by Defence Minister Rajnath Singh, approved proposals worth ₹1.05 lakh crore to bolster India's tri-services capabilities through indigenous procurement. At the time of reporting: Paras Defence and Space Technologies surged nearly 6% , buoyed by its stock split and the sectoral sentiment. Apollo Micro Systems gained over 2.4% on the BSE. Hindustan Aeronautics Limited (HAL) advanced about 0.6% , reflecting optimism on higher defence orders. Garden Reach Shipbuilders & Engineers (GRSE) rose about 1.7%, benefiting from revived Navy projects. Stock Price (BSE) Change (%) Paras Defence and Space Tech ₹899.50 +5.97% Apollo Micro Systems ₹192.35 +2.45% Hindustan Aeronautics (HAL) ₹4,960.00 +0.60% Garden Reach Shipbuilders (GRSE) ₹2,991.30 +1.68% Bharat Electronics (BEL) ₹431.50 +1.26% Bharat Dynamics (BDL) ₹1,987.70 +1.16% Cochin Shipyard ₹2,046.55 +1.55% Mazagon Dock Shipbuilders ₹3,320.00 +0.99% Data Patterns ₹2,981.50 +0.50% IdeaForge Technology ₹580.85 +1.72% On Thursday, the DAC accorded 'Acceptance of Necessity' for ten proposals, which include the revival of the ₹44,000 crore Mine Counter Measure Vessel (MCMV) project for the Navy, procurement of Quick Reaction Surface-to-Air Missiles (QRSAMs) for the Army at an estimated ₹30,000 crore, and acquisition of I-STAR aircraft for the Air Force. These initiatives are expected to enhance mobility, air defence, surveillance and supply chain resilience for the Armed Forces, while also strengthening the government's 'Make in India' agenda through partnerships with players such as BEL, BDL, L&T, and others. The sentiment was also supported by improving order visibility for the domestic defence sector amid the Ministry of Defence's continued emphasis on indigenous manufacturing. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
