Latest news with #TejasMark1A
India.com
18 hours ago
- Business
- India.com
Bad news for China, Pakistan as India to become self-reliant in defence, Modi govt approves purchase of 97 Tejas Mark 1A fighter jets for Rs...
Tejas MK1A is India's homegrown 4.5 generation fighter aircraft. (File) Tejas MK1A: In a significant development that would provide a major boost to indigenous defence manufacturing, the Narendra Modi government Tuesday approved the purchase of an additional 97 Tejas Mark 1A fighter jets for Rs 62,000 crore from Hindustan Aeronautics Limited (HAL) to aid efforts by the Indian Air Force (IAF) in phasing out its MiG-21 fleet. Why Tejas MK1A deal is a major boost of homegrown defence tech? The approval, which will allow HAL to start manufacturing, was cleared at a high-level meeting on Tuesday, defence officials said, according to news agency ANI. Notably, this is HAL's second major order for the LCA Tejas Mark 1A fighter jets, the first being the Rs 48,000 crore order for 83 aircraft, placed a few years ago. Notably, the Prime Minister Narendra Modi is a vocal supporter of HAL and boosting India's indigenous defence manufacturing capabilities. The Tejas fighter jet program, backed by the Ministry of Defence and Air Force Headquarters, is seen more than as a military upgrade, but a major push forward for the ambitious Make in India and Atmanirbhar Bharat initiatives, that aim to make the country self-reliant in defence manufacturing. Additionally, the HAL's Tejas program will create thousands of jobs in numerous small and medium enterprises (SMEs) who are involved in manufacturing defence components across India. How powerful is Tejas MK1A fighter jet? The Tejas MK1A fighter jet is equipped with a wide array of offensive and defensive armaments, including the the indigenously-built Astra Mk1 BVR air-to-air missile with 100+ km range, the ASRAAM missile for close aerial combat, the Rudram anti-radiation missile, SAAW Smart Anti-Airfield Weapon, in addition to laser-guided bombs for precision ground strikes. The aircraft is powered by a General Electric F404-IN20 engine, which churns out 84 kN thrust, enabling the Tejas MK1A to reach a speed of up to Mach 1.8 and altitude of 52,000 feet. The warplane also has mid-air refuelling capability, which increases its flight duration and range. Tejas MK1 has a maximum takeoff weight of 13,500 kg, and is capable of carrying up to 8-9 tons of weapons. Story highlights The Narendra Modi govt has approved the purchase of 97 Tejas MK1A fighter jets from HAL. The latest Tejas MK1A fighter jet deal is worth Rs 62,000 crore. This is HAL's second major order for the LCA Tejas Mark 1A fighter jets. The Tejas MK1A powered by a General Electric F404-IN20 engine. According to details, the Tejas Mark 1A has advanced radars and avionics than its predecessor, and the latest batch will have over 65 indigenous components compared to the earlier 40 jets.
Economic Times
a day ago
- Business
- Economic Times
Is Rs 4 crore enough for retirement corpus? Gurmeet Chadha gives simple calculation metric
How much money does one really need to achieve financial independence—Rs 5 crore, Rs 10 crore, or Rs 20 crore? This is a question that often lingers in the minds of individuals planning their retirement. ADVERTISEMENT Market expert Gurmeet Chadha, Managing Partner & CIO at Complete Circle, offered a straightforward calculation to help people arrive at the "right amount" needed for their retirement corpus. In a recent post on X (formerly Twitter), Chadha addressed the dilemma by linking financial independence directly to current lifestyle costs. 'The right amount is the derivative of current monthly expenditure, which has stepped up 5% every year,' he wrote. Chadha explained that the benchmark lies in ensuring that a portfolio's returns are sufficient to cover monthly expenses. According to him, 'If 6% of your portfolio can match your monthly expenditure – that's the right amount.'To illustrate, Chadha shared an example: 'If your monthly expense is 2 lac rupee.. then 4 cr+ is your retirement corpus.. (6% of 4 cr is 24 lacs annually/ 2 lac monthly).'The seasoned financial advisor highlighted that a clear understanding of one's expenses forms the basis of calculating financial freedom. 'Calculate your expenses – that's the starting point… be liberal while doing the maths,' he advised, underscoring the importance of being realistic and slightly generous in estimating future costs to avoid shortfalls. ADVERTISEMENT In his post, Chadha also touched upon a broader reflection from one of his clients who observed how wealth accumulation often outpaces the ability to enjoy it. 'We end up earning/making far more than we and our children can spend on forgetting how to live,' the client remarked, a thought Chadha echoed in his discussion on financial independence. Unlock 500+ Stock Recos on App By laying down a simple formula, tying monthly expenses to corpus size via portfolio returns, Chadha has provided an accessible framework for individuals grappling with the complex question of 'how much is enough' for retirement. ADVERTISEMENT Also read: HAL, among other defence stocks in focus after Govt clears Rs 62,000 crore Tejas Mark 1A deal (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
a day ago
- Business
- Time of India
Is Rs 4 crore enough for retirement corpus? Gurmeet Chadha gives simple calculation metric
How much money does one really need to achieve financial independence—Rs 5 crore, Rs 10 crore, or Rs 20 crore? This is a question that often lingers in the minds of individuals planning their retirement. Market expert Gurmeet Chadha , Managing Partner & CIO at Complete Circle, offered a straightforward calculation to help people arrive at the "right amount" needed for their retirement corpus . by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like When the Camera Clicked at the Worst Possible Time Read More Undo In a recent post on X (formerly Twitter), Chadha addressed the dilemma by linking financial independence directly to current lifestyle costs. 'The right amount is the derivative of current monthly expenditure, which has stepped up 5% every year,' he wrote. Chadha explained that the benchmark lies in ensuring that a portfolio's returns are sufficient to cover monthly expenses . According to him, 'If 6% of your portfolio can match your monthly expenditure – that's the right amount.' To illustrate, Chadha shared an example: 'If your monthly expense is 2 lac rupee.. then 4 cr+ is your retirement corpus.. (6% of 4 cr is 24 lacs annually/ 2 lac monthly).' Live Events The seasoned financial advisor highlighted that a clear understanding of one's expenses forms the basis of calculating financial freedom. 'Calculate your expenses – that's the starting point… be liberal while doing the maths,' he advised, underscoring the importance of being realistic and slightly generous in estimating future costs to avoid shortfalls. In his post, Chadha also touched upon a broader reflection from one of his clients who observed how wealth accumulation often outpaces the ability to enjoy it. 'We end up earning/making far more than we and our children can spend on forgetting how to live,' the client remarked, a thought Chadha echoed in his discussion on financial independence. By laying down a simple formula, tying monthly expenses to corpus size via portfolio returns , Chadha has provided an accessible framework for individuals grappling with the complex question of 'how much is enough' for retirement. Also read: HAL, among other defence stocks in focus after Govt clears Rs 62,000 crore Tejas Mark 1A deal ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
News18
a day ago
- Business
- News18
HAL, Other Defence Stocks Surge Up To 4% As Govt Approves Rs 62,000 Crore Tejas Mark 1A Order
Last Updated: Tejas programme, backed strongly by Defence Ministry and the IAF, is seen as a key step in India's self-reliance in defence manufacturing Defence stocks, including Hindustan Aeronautics Ltd (HAL) and Bharat Dynamics Ltd (BDL) rallied on Wednesday after the government cleared a major deal worth Rs 62,000 crore for the Indian Air Force (IAF) to acquire 97 LCA Tejas Mark 1A fighter jets. HAL shares climbed 3.5% to a day's high of Rs 4,611.60 on the BSE, while BDL gained 1.35% to Rs 1,570.45. The approval, cleared at a high-level government meeting, paves the way for HAL to begin production of the aircraft. This is the second big order for the Tejas Mark 1A. The first, placed a few years ago, was for 83 jets worth nearly Rs 48,000 crore. With the latest deal, the IAF's order book now stands at 180 Tejas fighters, which will replace the ageing MiG-21 fleet being phased out in the coming weeks, defence officials said. The Tejas programme, backed strongly by the Defence Ministry and the IAF, is seen as a key step in strengthening India's self-reliance in defence manufacturing. It is also expected to create opportunities for hundreds of small and medium enterprises in the supply chain. Prime Minister Narendra Modi has been a vocal supporter of the indigenous fighter project. He became the first Indian PM to fly in a combat aircraft when he undertook a sortie in the trainer variant of Tejas, later describing the experience as 'enriching" and a testament to India's defence capabilities. The latest order comes alongside other approvals worth Rs 1.6 lakh crore by the Defence Acquisition Council, including the purchase of 156 LCH Prachand helicopters and upgrades for 84 Su-30MKI fighters. Inducted into service in 2016, Tejas is currently flown by two IAF squadrons. With the new order, the Mark 1A variant is set to form the backbone of the IAF's fighter fleet in the years ahead. Deliveries from the earlier order of 83 jets, worth Rs 36,468 crore, are scheduled to start from February 2024, adding to HAL's production pipeline. view comments First Published: Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy. Loading comments...
NDTV
a day ago
- Business
- NDTV
School Assembly News Headlines (August 20, 2025): Top National, World, Sports, Education Updates
School Assembly Headlines Today (Aug 20): Morning is the best time to catch up on top news stories and stay informed about what's happening in your city, state, country, and across the world. Keeping up with important updates in national, international, sports, and education news helps sharpen minds and create awareness among students. Here's a quick roundup of the major headlines making news on August 20, 2025. Top National Headlines (Aug 20) Government to table bill for removal of PM, CMs arrested on serious charges China agrees to lift curbs on rare earth and fertiliser exports, relief for India Over 1.07 crore people sterilised during the Emergency (1975–77): Government Union Cabinet clears bill banning "online money games"; proposes 2 years' jail and ₹50 lakh fine INDIA bloc names former Supreme Court judge B Sudershan Reddy as Vice President candidate CSDS withdraws voter surge data, BJP demands apology Centre approves ₹62,000-crore deal to buy 97 Tejas Mark 1A fighter jets Supreme Court: POCSO Act shouldn't be imposed on teens in consensual relationships PM says India-China ties have made steady progress, looks forward to meeting Xi NCERT introduces "Operation Sindoor" in classrooms, calls it a vow of peace Top International Headlines (Aug 20) India, China agree to work on early solution for boundary delimitation Trump says Putin 'tired of war' but may not want a deal Moscow warns peace agreement must address Russia's security interests Israel reviews Hamas response to Gaza ceasefire proposal for 60-day truce and release of hostages UK man convicted of shooting 9-year-old Kerala girl in the head Dealer who sold fatal drugs to actor Matthew Perry to plead guilty Business Headlines (Aug 20) Apple begins manufacturing iPhone 17 in Bengaluru Government waives 11% duty on cotton imports for 40 days Top Sports Headlines (Aug 20) National Sports Governance Bill 2025 becomes law after President's approval Shafali Verma dropped; Renuka Singh Thakur included in India's ODI Women's World Cup squad
