Kolkata: Defence PSU Garden Reach Shipbuilders and Engineers Limited (GRSE) signed a contract with the National Centre for Polar and Ocean Research (NCPOR) for constructing an ocean research vessel, an official said on Wednesday. The contract, worth approximately Rs 840 crore, was signed between GRSE and NCPOR officials for the construction of the vessel in…
New Delhi: State-owned Oil and Natural Gas Corporation (ONGC) will invest about Rs 2 lakh crore in setting up renewable energy sites and green hydrogen plants and cutting gas flaring to zero to achieve its 2038 net-zero carbon emission goal. The company, which produces about two-thirds of India’s crude oil and about 58 per cent…
Chennai: The state-owned Bharat Sanchar Nigam Ltd on Friday said it is gearing up for the launch of 4G services under the phase IX.2 project, in Chennai, Tiruvallur Kancheepuram, and Chengalpattu districts, shortly. The company under the Phase IX.2 project would install 2,114 4G towers for which the work is under progress in the four…
New Delhi: Taking strong note of non-functional Wi-Fi facilities at several stations, the Railway Board has written to the general managers (signal and telecommunication) of all its 17 zones, asking them to take immediate measures to restore the services. According to the board, of the more than 7,000 railway stations in the country, 6,108 have…
New Delhi: IT solutions provider Corporate Infotech on Thursday said it has bagged a project worth Rs 240 crore to develop a cloud-based document sharing and storage platform for government officials. The GovDrive project will serve nearly 50 lakh government officials across the country, Corporate Infotech Private Ltd (CIPL) said in a statement. As part…
New Delhi: TI Growth Opportunities (ITIGo) has achieved a significant milestone by closing the first round of its second AIF fund at Rs 80 crore in a remarkably short time. This success underscores the robustness of the investment team, spearheaded by Mohit Gulati, with exceptional support from the ITI Group, past limited partners (LPs), active…
Bengaluru: ISRO on Monday said it is developing a 2,000 kN (kilonewton) thrust semi-cryogenic engine working on a Liquid Oxygen (LOX) Kerosene propellant combination for enhancing the payload capability of Launch Vehicle Mark-3 (LVM3) and for future launch vehicles. Liquid Propulsion Systems Centre (LPSC) is the lead centre for the development of semi-cryogenic propulsion systems…
Balasore (Odisha): India on Wedensday successfully flight-tested the supersonic missile-assisted release of torpedo (SMART), arine warfare system, from an island off the Odisha coast, a defence official said. The system was launched around 8.30 am from the ground mobile launcher. Several state-of-the-art mechanisms such as symmetric separation, ejection and velocity control have been validated in…
New Delhi: The defence ministry has issued a tender to state-run aerospace major Hindustan Aeronautics Limited for procurement of 97 light combat aircraft (LCA Mk-1A) Tejas for the Indian Air Force, officials said on Friday. The fighter jets are expected to cost around Rs 67,000 crore. The Tejas aircraft is a potent platform for air…
New Delhi: Cyber attacks and data breaches are the top business risks for organisations in India, according to the 2023 Global Risk Management Survey. Cyber attacks and data breaches were placed seventh in the 2021 business risks survey. Global professional services firm Aon collected inputs from around 3,000 risk managers, c-suite leaders, treasurers, talent professionals,…
