Hindustan Aeronautics Ltd or HAL as it is known from its initials, turned 78 this year and has always been the backbone of the Indian Air Force. Two-thirds of the IAF's workhorse aircraft are from HAL. Today, HAL manufactures the Light Combat Aircraft (LCA) Tejas with advanced technologies; and the 25-tonne Sukhoi-30 MKI fourth generation fighter aircraft of Russian origin right from raw materials.As a nation we have to be proud of these accomplishments. Unfortunately, in recent weeks, HAL has been unduly blamed and - it seems - systematically tarnished on the basis of myths, wrong notions and false charges.In the area of design, HAL has to its credit the indigenous design of Glider, basic piston engine trainers (HT-2, HPT32), jet trainers (Kiran Mk I and Mk II), supersonic fighter (Marut), agricultural aircraft (Basant). It also has to it’s credit a number of aircraft upgrade programs that it license-manufactured - Gnat, Jaguar, Mirage-2000 and the MiGs - all of which meet the … [Read more...] about HAL: the backbone of the Indian Air Force
Upgrade 11 2 0 3 to 11 2 0 4
New Delhi: The contract for revisiting master plan for development of central vista (Rajpath) and a common central secretariat has been awarded to a Gujarat-based firm with the government prescribing stringent timelines for completing various works including refurbishment of parliament building by 2024. Talking to the media here, Housing and Urban Affairs Minister Hardeep Singh Puri said the consultancy was given to Gujarat-based HCP Design, Planning and Management Pvt. Ltd by Central Public Works Department (CPWD) on October 18. The minister said that timeline given to CPWD to complete the central vista project is November 2021, the work on parliament building is to be completed by March 2022 and the common central secretariat by March 2024. The central vista, located in the heart of the city, extends from Rashtrapati Bhawan to India Gate, and is a tourist attraction. A ministry release said that a lot of visitors come to central vista along the Rajpath and there was an imperative … [Read more...] about Gujarat-Based Firm Awarded Consultancy Work For Revamping Parliament, Central Vista
Component makers don’t see any recovery yet, but manufacturers believe the end of poor sales is nearing its end. The automotive sector is split on the extent of the ongoing slowdown and when growth will revive. Component makers don’t see any recovery yet, but manufacturers believe the end of poor sales is nearing its end. Sales have been in persistent decline for almost a year, as a sluggish economy has weighed on sentiment in one of the fastest growing markets of the world in this segment. Passenger vehicle (PV) sales fell around 20 per cent year-on-year in the April to October period, first seven months of this financial year. October was a bit of a relief due to last year’s low base, higher demand for utility vehicles sales and steep discounts during the festive season. PV sales showed a marginal 0.3 per cent increase in October, after continuous fall over the earlier 11 months, the Society of Indian Automobile Manufacturers (Siam) said on Monday.For the … [Read more...] about How real is the ‘revival’ in auto sector?
Mumbai: Halfway through the quarterly earnings season, corporate report cards have largely managed to beat Dalal Street’s expectations on the profitability front, with commentaries also turning positive. This has led to expectations that better times could be ahead in terms of earnings, and there could be more upgrades compared with downgrades on the earnings front. Motilal Oswal Financial Services (MOFSL) in a report pointed out that among the 92 MOFSL universe and 28 Nifty companies that have announced earnings till November 2, sales for the Nifty companies have degrown at (-) 0.6 per cent on a year-on-year (YoY) basis, while Ebitda has expanded 9.1 per cent and net profit 12.4 per cent against MOFSL’s estimates of (-) 0.4 per cent, 1.7 per cent and (-) 1.8 per cent YoY growth, respectively. Excluding corporate-focused private banks, Nifty sales, Ebitda and profit growth stood at (-) 1.6 per cent, 4 per cent and 11.3 per cent YoY versus MOFSL’s estimates of -1.2 … [Read more...] about Q2 report cards show better profit than expected, stem earnings downgrades
Assamese film Ratnakar: A New Myth of Love, has broken all box office records since its release on October 11, to emerge as the biggest Assamese blockbuster of all time. Loosely inspired from the Tamil film of 2016, Vijay-starrer Theri that was directed by Atlee, Ratnakar has superstar Jatin Bora playing the lead role of a single father living incognito in a remote place to protect the safety of his young daughter. Starring Samantha, Amy Jackson and Baby Nainika, Theri was a huge hit for the Tamil star, and led to future collaborations between Atlee and Vijay with Mersal and the recent Deepavali release Bigil.Bora has also co-produced and directed the film with music composed by the other big star of Assamese cinema, Zubeen Garg. The film has been scripted by Abhijit Bhattacharjya, who is well-known for his work with the popular travelling theatres in Assam.“Not just Assam, it’s the biggest ever money-spinner for the entire North East,” says the film’s … [Read more...] about Vijay’s ‘Theri’ inspires Assamese cinema’s biggest-ever blockbuster