Punj Lloyd to expand defence facility; may invest Rs 2,000-cr

Last Updated: Tuesday, September 1, 2015, 22:46

Looking to tap opportunities in defence sector, diversified group Punj Lloyd plans to expand its Gwalior facility and will also explore setting up manufacturing units in various states with an investment kitty of up to Rs 2,000 crore.

Pipavav to become top defence manufacturer: Anil Ambani

Last Updated: Sunday, March 8, 2015, 19:09

Within days of acquiring controlling stake in Pipavav Defence and Offshore Engineering, Reliance Group chief Anil Ambani Sunday said he will make it the country's biggest defence manufacturer.

Reliance Infra acquires Pipavav Defence for up to Rs 2,082 cr

Last Updated: Wednesday, March 4, 2015, 19:52

In the biggest deal in the defence sector, billionaire Anil Ambani-led Reliance Infrastructure Wednesday announced acquisition of controlling stake in Pipavav Defence and Offshore Engineering for up to Rs 2,082.3 crore.

Anil Ambani's Reliance Group forays into defence sector

Last Updated: Thursday, February 12, 2015, 13:49

Three subsidiaries have been incorporated for the foray under group firm Reliance Infrastructure, the company said in a regulatory filing.

Defence procurement policy will be industry friendly: Parrikar

Last Updated: Sunday, January 11, 2015, 22:32

Government Sunday said it will come up with industry friendly defence procurement policy with a view to attracting overseas and domestic investment for manufacture of equipment in the country.

Tata Motors developing vehicles for defence sector

Last Updated: Wednesday, December 17, 2014, 19:49

Leading auto manufacturer Tata Motors is in the process of developing vehicles for the defence sector, which are capable of carrying weapons.

Top IAF officer seeks rethink over FDI policy in defence

Last Updated: Wednesday, November 6, 2013, 14:08

A top IAF officer on Wednesday sought a rethink over government`s policy to have 26 per cent FDI in military sector, saying it was not attractive for foreign vendors.

Defence imports worth over Rs 2.35 lakh crore in last 3 years

Last Updated: Monday, August 12, 2013, 15:22

The government has spent over Rs 2.35 lakh crore in the last three years for procuring weapon systems for the three armed forces.

FDI cap in defence retained at 26%

Last Updated: Thursday, August 1, 2013, 22:13

FDI cap in defence sector will remain at 26 percent and proposals beyond that will be considered by the Cabinet Committee on Security (CCS) on case to case basis.

FICCI, CII welcome changes in FDI norms

Last Updated: Wednesday, July 17, 2013, 09:12

The government has cleared 100 percent FDI in telecom, raised FDI in insurance to 49 percent, in asset reconstruction from 74 percent to 100 percent and in credit information companies from 49 percent to 74 percent.

Antony prevails, FDI cap in defence remains 26%

Last Updated: Tuesday, July 16, 2013, 21:52

FDI cap in defence sector will remain at 26 percent and proposals beyond that will be considered by the Cabinet Committee on Security on case to case basis.