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New Delhi, <keyword id="3658" type="General" weightage="20" keywordseo="India" source="Orion">India</keyword> on Thursday accorded an initial approval to defence acquisition projects worth Rs 2.23 lakh crore that included procurement of 97 <keyword id="6376012" type="General" weightage="20" keywordseo="Tejas" source="Orion">Tejas</keyword> light combat aircraft and 156 Prachand combat helicopters, in a major move to significantly enhance the combat capabilities of the armed forces. The Defence Acquisition Council (DAC), chaired by Defence Minister Rajnath Singh, cleared the projects, at a time India is locked in a bitter military standoff with China at a number of friction points in eastern Ladakh for over three years. The defence ministry said 98 per cent of the total procurement worth Rs 2.23 lakh crore will be sourced from the domestic industries and that the move will give a substantial boost to the Indian defence industry in achieving the goal of 'Aatmanirbharta' (self-reliance) in defence industry. The DAC also approved a proposal of the Indian Air Force to upgrade its Su-30 fighter fleet by state-run aerospace major Hindustan Aeronautics Ltd (<keyword id="68124" type="General" weightage="20" keywordseo="HAL" source="Orion">HAL</keyword>). The DAC further accorded Acceptance of Necessity (AoN) or initial approval for procurement of two types of anti-tank munitions namely area denial munition (ADM) type-2 and type-3. The top body on procurement of military hardware also cleared acquisition and integration of automatic target tracker (ATT) and digital basaltic computer (DBC) for T-90 tanks besides approving another proposal to buy medium range anti-ship missiles (MRAShM) for the Indian Navy. The MRAShM is a lightweight surface-to-surface missile which will be a primary offensive weapon onboard various Indian naval ships. "The DAC accorded AoNs for procurement of Light Combat Helicopter for Indian Air Force and Indian Army and Light Combat Aircraft (LCA) Mk-1A for IAF from Hindustan Aeronautics Limited (HAL) under Buy (Indian-IDDM) category," the ministry said. Though it did not mention the specific numbers, official sources said 97 Tejas Light Combat Aircraft (Mark 1A) are being procured for the IAF and 156 Light Combat Helicopters (LCH) are being procured for the Army and the Air Force. In February 2021, the defence ministry sealed a Rs 48,000 crore deal with the Hindustan Aeronautics Ltd for procurement of 83 Tejas MK-1A jets for the IAF. With the additional fleet, the number of indigenously-developed Tejas aircraft being procured by the IAF would go up to 180. "The AoNs have also been accorded by the DAC for upgradation of Su-30 MKI aircraft indigenously from HAL. "While procurement of these equipment will provide enormous strength to the IAF, acquisition from domestic defence industries will take the indigenous capability to a new height," the ministry said in a statement. "It will also reduce dependability on foreign Original Equipment Manufacturers (OEMs) substantially," it added.

India approves defence acquisition projects worth Rs 2.23 lakh cr

Mumbai, <keyword id="360594" type="General" weightage="50" keywordseo="actress-kangana-ranaut" source="Orion">Actress Kangana Ranaut</keyword>, who is gearing up for multiple films in her kitty, has called her upcoming film '<keyword id="38025" type="General" weightage="100" keywordseo="chandramukhi" source="Orion">Chandramukhi</keyword> 2', a "quintessential paisa-vasool entertainer", and her role as a larger-than-life one in the film. After delivering her performance as the former Tamil Nadu Chief Minister, J Jayalalithaa in '<keyword id="12047665" type="General" weightage="20" keywordseo="Thailaivii" source="Orion">Thailaivii</keyword>' (2020), the actress will be back on the Tamil screens with the P. <keyword id="21795" type="General" weightage="50" keywordseo="vasu" source="Orion">Vasu</keyword> directorial 'Chandramukhi 2'. In the film, she steps into the role of a dancer who is known for her beauty and unmatched dancing skills. 'Chandramukhi 2' is a true blue commercial entertainer and a sequel to one of the most celebrated films in popular culture 'Chandramukhi' which has led to many remakes in multiple Indian languages. Talking about working in 'Chandramukhi 2', the four times National Award winning actress said, "I play a larger-than-life character in a quintessential paisa-vasool entertainer. It's a mix of genres, the film has a bit of action, comedy, horror, romance and is also a musical. In fact, this is the first time that I have been part of a big entertainer playing a larger-than-life character." She further mentioned, "My director, P Vasu has been an inspiration to work with. Working on this film has been one of the most enriching experiences in my life." 'Chandramukhi 2' is set to debut in theatres on September 15. Post this, the actress will be seen in 'Tejas' which is based on the life of air force pilot <keyword id="12691363" type="General" weightage="50" keywordseo="tejas-gill" source="Orion">Tejas Gill</keyword>. She also has her directorial in the pipeline, 'Emergency' in which she will portray the role of former Prime Minister Indira Gandhi. --IANS aa/svn

Chandramukhi 2 a quintessential paisa-vasool entertainer: Kangana Ranaut

Makers of the upcoming film '<keyword id="6376012" type="General" weightage="80" keywordseo="tejas" source="Orion">Tejas</keyword>' starring <keyword id="2201" type="General" weightage="80" keywordseo="kangana-ranaut" source="Orion">Kangana Ranaut</keyword> as an Air Force Pilot on Wednesday unveiled the release date. <keyword id="2202" type="General" weightage="100" keywordseo="kangana" source="Orion">Kangana</keyword> took to Instagram and shared stills from the film along with the release date announcement. The first image showed Kangana dressed in a uniform as she walks out of Tejas, a multi-role combat aircraft. The second picture depicted an intense scene, a jeep burning in the background and Kangana in her action avatar. She posted this pic on her Insta stories as well and captioned it, "India's first aerial action movie is here." Kangana also shared a photo in complete uniform. As soon as the announcement was made on social media, the actor's fans flooded the comment section with heart and fire emojis. One of the users wrote, "Waiting Eagerly." "Banno tera swagger, lagey sexy, another comment read. Another commented, "That's woman power." 'Tejas' revolves around the extraordinary journey of Tejas Gill, an Air Force pilot, and aims to inspire and instil a deep sense of pride in the valiant soldiers who tirelessly defend our nation, confronting numerous challenges along the way. The Indian Air Force was the first of the country's defense forces to induct women into combat roles in 2016. Written and directed by Sarvesh Mewara, the film is all set to be in cinemas on October 20, 2023. Apart from this, Kangana will be next seen in the upcoming period film 'Emergency' in which she will be seen portraying the role of late Prime Minister Indira Gandhi. 'Emergency' marks her first solo-directorial film. The film also casts Anupam Kher, <keyword id="33098" type="General" weightage="50" keywordseo="mahima-chaudhry" source="Orion">Mahima Chaudhry</keyword>, Vishak Nair and <keyword id="4558" type="General" weightage="50" keywordseo="shreyas-talpade" source="Orion">Shreyas Talpade</keyword> in prominent roles. Also, she will be seen headlining 'Chandramukhi 2'. Helmed by P Vasu, the film is the sequel to the blockbuster hit Tamil horror comedy 'Chandramukhi' which starred Rajinikanth and Jyothika in the lead roles. In 'Chandramukhi 2' Kangana will portray the role of a dancer in the king's court, known for her beauty and dance skills. SEE ALSO:<a href="https://www.businessinsider.in/sports/news/the-new-chairman-of-selectors-of-indian-cricket-had-some-unique-records-to-his-name/slidelist/101506688.cms" target="_blank"></a> <a href="https://www.businessinsider.in/sports/news/the-new-chairman-of-selectors-of-indian-cricket-had-some-unique-records-to-his-name/slidelist/101506688.cms" target="_blank">The new chairman of selectors of Indian cricket had some unique records to his name</a><a href="https://www.businessinsider.in/stock-market/news/ideaforge-ipo-allotment-how-to-check-allotment-gmp-listing-date-and-more/articleshow/101491342.cms" target="_blank"></a> <a href="https://www.businessinsider.in/stock-market/news/ideaforge-ipo-allotment-how-to-check-allotment-gmp-listing-date-and-more/articleshow/101491342.cms" target="_blank">ideaForge IPO allotment – how to check allotment, GMP, listing date and more</a><a href="https://www.businessinsider.in/stock-market/news/cyient-dlm-ipo-allotment-how-to-check-allotment-gmp-listing-date-and-more/articleshow/101491430.cms" target="_blank"></a> <a href="https://www.businessinsider.in/stock-market/news/cyient-dlm-ipo-allotment-how-to-check-allotment-gmp-listing-date-and-more/articleshow/101491430.cms" target="_blank">Cyient DLM IPO allotment – how to check allotment, GMP, listing date and more</a>

Kangana Ranaut set to bring aerial action movie 'Tejas' on this date, shares new stills

<ul><li>The Cabinet Committee on Security (CCS) has reportedly approved the <keyword id="6376012" type="General" weightage="100" keywordseo="tejas" source="Orion">Tejas</keyword> Mark-2 project. </li><li>The CCS has approved ₹6,500 crore for prototypes, flight testing and certification. </li><li>The production of the Tejas Mark-2 is expected to begin around 2030. </li></ul>The Narendra Modi-led Cabinet Committee on Security (CCS) has reportedly approved the Tejas Mark-2 project to boost India’s push for indigenous fighter aircraft. According to a <a href="https://timesofindia.indiatimes.com/india/cabinet-committee-on-security-approves-tejas-2-0-mega-project/articleshow/93914219.cms">report</a> by The Times of India, the CCS on Wednesday approved the Tejas Mark-2 project at a cost of over ₹6,500 crore. The government had already sanctioned ₹2,500 crore for the project. The ₹6,500 crore will reportedly be used for prototypes, flight testing and certification. Tejas is an indigenously developed light multi-role fighter aircraft developed by the Aeronautical Development Agency (ADA) and Hindustan Aeronautics Limited (HAL). India has already ordered 40 Tejas Mark-1 aircrafts, 10 Mark-1 trainers and 73 Tejas Mark-1A aircrafts. While the Tejas Mark-1 is a lightweight aircraft, the Tejas Mark-2 will be a medium-weight aircraft and has been designed to be used for offensive operations in enemy territories. “Lightweight Tejas Mark-1 is primarily meant for air defence. Medium-weight Mark-2 fighter, with its heavy standoff weapons, will be for offensive operations into enemy territory. Its critical design review is complete,” a source familiar with the matter told The Times of India. The Tejas Mark-1, which weighs around 13.5 tonnes, was designed to replace the MiG-21s, and the Tejas Mark-2, which is expected to weigh around 17.5 tonnes, is expected to replace the Mirage and the Mig-29 The Tejas Mark-2’s first flight test will reportedly be conducted in the next two to three years and the production is expected to begin around 2030. In addition to the Tejas Mark-2, the government is also planning on approving the fifth-generation advanced medium combat aircraft (AMCA) with stealth features and supercruise capabilities. The CCS is expected to approve ₹15,000 crore for the AMCA project. The Tejas Mark-2 will be equipped with the GE-414 engines in the 98 Kilonewton thrust class and offer a longer combat range and an increased weapon carrying capacity compared to the Tejas Mark-1. The Tejas Mark-2 will be an important part of the country’s armed forces. “Fly-by-wire, avionics, composites and other technologies have already been proven in Tejas Mark-1. The new project will upscale those into bigger and more powerful fighters. IAF is likely to induct at least six squadrons (110-120) of Tejas Mark-2,” the source added. SEE ALSO: <a href="https://www.businessinsider.in/india/news/indias-tejas-fighter-aircraft-may-soon-make-its-international-debut-check-out-the-features/slidelist/93429613.cms">India’s Tejas fighter aircraft may soon make its international debut – check out the features</a> <a href="https://www.businessinsider.in/stock-market/news/why-tejas-fighter-aircraft-maker-hal-share-price-up-in-2022/articleshow/93426056.cms">This defence sector stock boosted investor wealth by 75%</a> <a href="https://www.businessinsider.in/international/news/india-is-updating-its-air-force-for-a-modern-war-and-china-isnt-its-only-concern/articleshow/85853446.cms">India is updating its air force for a modern war, and China isn't its only concern</a>

Tejas Mark-2 project reportedly approved by the Cabinet Committee on Security

<ul><li><keyword id="68124" type="General" weightage="80" keywordseo="hal" source="Orion">HAL</keyword> is one of the world’s largest and oldest defence manufacturing companies, and its investors have gotten very rich this year.</li><li>HAL’s rise could also benefit two other defence manufacturers, say analysts.</li><li>The company’s large orderbook, and interest in the <keyword id="763438" type="General" weightage="50" keywordseo="tejas-lca" source="Orion">Tejas LCA</keyword> by six countries has driven the rally in its stock.</li></ul>Defence indigenization has been one of the goals of the current Indian government, with an aim to reduce dependence on foreign countries. But a crucial aspect that gets relatively less airtime is defence exports – and it has made investors of <keyword id="151778" type="General" weightage="50" keywordseo="hindustan-aeronautics" source="Orion">Hindustan Aeronautics</keyword> richer by 75% in 2022 alone. Hindustan Aeronautics Limited (HAL) has been identified by analysts as “the defence Prime” – essentially crowning HAL as the kingpin of the Indian defence sector. According to the analysts at ICICI Securities, HAL’s defence export efforts could also open up export opportunities for two other state-owned defence manufacturers – Bharat Electronics and Bharat Dynamics, thereby helping to expand the Indian defence industrial complex in general. ₹1 lakh invested in HAL at the beginning of 2022 is now worth ₹1.75 lakh. <div type="image" title="HAL 01_01_22 to 08_08_22." msid="93426009" hostid="261" caption="&amp;lt;p&amp;gt;HAL share price in 2022&amp;lt;/p&amp;gt;"></div> <cmsannotation type="cmsannotation" annotationid="Why is HAL surging?" comment="subhead" text="Why is HAL surging?">Why is HAL surging?</cmsannotation> HAL is in talks with Egypt, Malaysia and Nigeria for defence exports that could amount to over $5.5 billion, with tenders for setting up manufacturing facilities for the <keyword id="6376012" type="General" weightage="80" keywordseo="tejas" source="Orion">Tejas</keyword> Mk1A light combat aircraft, helicopters and maintenance of Malaysia’s <keyword id="51948" type="General" weightage="50" keywordseo="sukhoi" source="Orion">Sukhoi</keyword> fighter jets, among others. The Indian government’s focus on increasing defence indigenization has also helped HAL in securing economies of scale, making its export offers more competitive. This, coupled with the high technical ratings of Tejas, have made it a key contender for bagging contracts from Egypt and Malaysia. According to the company’s latest financials, HAL’s current orderbook stands at ₹82,000 crore – this is 3.3-times the company’s FY22 revenue. Further, it has a strong pipeline of ₹1.24 lakh crore of manufacturing orders over the next three to four years, which will help the company deliver double-digit revenue growth, according to a report by ICICI Direct Research. <cmsannotation type="cmsannotation" annotationid="India’s defence exports: A quick dekko" comment="subhead" text="India’s defence exports: A quick dekko">India’s defence exports: A quick dekko</cmsannotation> In the Defence Production Policy of 2018, the Indian government set out an ambition of hitting $5 billion in annual defence exports by 2025. In 2017-18, India’s defence exports stood at $0.66 billion and have crossed $1.6 billion this year. Its latest major defence deal was for the BrahMos cruise missile with the Philippines, worth $375 million. Some major players in the Indian defence industry include HAL, Bharat Electronics, Bharat Dynamics, Bharat Forge, BrahMos Aerospace, <keyword id="363595" type="General" weightage="50" keywordseo="tata-advanced-systems" source="Orion">Tata Advanced Systems</keyword> and L&amp;T, among others. <cmsannotation type="cmsannotation" annotationid="A Tejas success story" comment="subhead" text="A Tejas success story">A Tejas success story</cmsannotation> Once rejected by the Indian Navy as “too heavy”, Tejas has been one of the success stories of India’s defence indigenization efforts. And now, according to the government, six countries are interested in HAL’s light combat aircraft. The Egyptian air force needs 70 light combat aircraft at an estimated cost of $3 billion. HAL has offered to set up production facilities for the Tejas aircraft and helicopters in Egypt. HAL has already offered the twin-seater variant of the Tejas LCA to Malaysia in a deal worth $1.5 billion, in addition to maintenance of the Russian-origin Sukhoi 30 fighter jets. The Indian government said that the US, Australia and Indonesia have also expressed interest in the Tejas. SEE ALSO: <a href="https://www.businessinsider.in/business/auto/news/tractors-and-better-cars-drive-mms-q1-net-profit-but-the-future-is-electric/articleshow/93374861.cms">Tractors and better cars drive M&amp;M’s Q1 net profit but the future is electric</a> <a href="https://www.businessinsider.in/finance/news/globalized-inflation-is-threat-to-global-economy-itself-says-rbi-guv-das/articleshow/93366552.cms">Globalized inflation is a threat to global economy itself, says RBI guv Das</a> <a href="https://www.businessinsider.in/finance/news/rbi-hikes-repo-rate-by-50-basis-point-to-5-4-as-inflation-is-still-uncomfortable/articleshow/93362291.cms">RBI hikes repo rate by 50 basis point to 5.4% as inflation is still ‘uncomfortable’</a>

This defence sector stock boosted investor wealth by 75%

As Indian startups face turbulence in the global funding winter, experts on Monday said they need to reserve cash, create a long-term goal and adopt a culture of customer feedback to survive in 2023. On the occasion of the 'National Startup Day', envisioned by Prime Minister <keyword id="6354477" type="General" weightage="80" keywordseo="narendra-modi" source="Orion">Narendra Modi</keyword> last year, industry experts said that the founders must continuously monitor the trends which are happening in the world. Indian startups fired more than 18,000 employees in 2022 amid a funding winter and macroeconomic uncertainty. "Investing in R&amp;D can be one of the finest ways to actually tackle disruption. Make sure that as a business, you keep some of your profits or your balance sheet reserves for investing into R&amp;D to actually learn more," Dr Ritesh Malik, Director, <keyword id="6365866" type="General" weightage="50" keywordseo="alliance" source="Orion">Alliance</keyword> for <keyword id="2947744" type="General" weightage="50" keywordseo="digital-india-foundation" source="Orion">Digital India Foundation</keyword>, or <keyword id="1429787" type="General" weightage="50" keywordseo="adif" source="Orion">ADIF</keyword>, told IANS. "If you feel that there is a platform like Instagram where the go-to-market strategy is more efficient, start learning Instagram and start promoting your products there," he added. According to <keyword id="6061635" type="General" weightage="80" keywordseo="tejas-khoday" source="Orion">Tejas Khoday</keyword>, Co-Founder and CEO of trading platform FYERS, this year is special as India has emerged to be the third largest startup ecosystem in the world. "While the past year was turbulent with IPOs of several well-known startups not doing too well, the ongoing funding winter and related layoffs, in the long run, all this will be a blip on the radar," he said. That said, this will help the ecosystem to mature and hopefully and we will see startups achieve a better balance between scale and profitability in 2023, Khoday noted. While interacting with over 150 startups, <keyword id="2238662" type="General" weightage="50" keywordseo="pm-modi" source="Orion">PM Modi</keyword> last year announced the commemoration of National Startup Day on January 16 every year. The Department for Promotion of Industry and Internal Trade and the <keyword id="6416832" type="General" weightage="50" keywordseo="ministry-of-commerce-and-industry" source="Orion">Ministry of Commerce and Industry</keyword> marked an entire week as <keyword id="16072714" type="General" weightage="50" keywordseo="national-startup-week" source="Orion">National Startup Week</keyword>, from January 10 to 16. According to Malik, startups must hear back from their customers. "The more you hear from your customers, the more you will be able to understand their changing needs. And the more your product becomes dynamic and you constantly change that product to the whims and fantasies of the customer," he noted. <keyword id="3337958" type="General" weightage="80" keywordseo="ravish-naresh" source="Orion">Ravish Naresh</keyword>, CEO and Co-founder of Khatabook, said that there is a stronger acknowledgment of Indian startups' role in solving core problems of emerging economies to bridge the socio-economic gaps. "This year, our primary aim is to turn profitable and scale up the digital lending offerings to meet the unmet credit demand of Indian MSME businesses. We are optimistic about the Indian economy and its opportunities for the startup ecosystem," he said. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/startups/news/logistics-startup-locad-raises-11-million-in-series-a-funding-led-by-reefknot-investments/articleshow/97020396.cms">Logistics startup Locad raises $11 million in Series A funding led by Reefknot Investments</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/foreign-investors-pull-out-15000-crore-from-stocks-in-the-first-two-weeks-of-2023/articleshow/97019987.cms">Foreign investors pull out ₹15,000 crore from stocks in the first two weeks of 2023</a>

Indian startups need to conserve cash & listen to customers, say experts

<ul><li>The Indian alcoholic beverages market is projected to grow at 11% per annum in value terms for the period between 2021 to 2025. </li><li>The alcohol and <keyword id="1453601" type="General" weightage="20" keywordseo="beverage-industry" source="Orion">beverage industry</keyword> in India is projected to cross 1200 million cases in volume by 2025. </li><li>India’s alcoholic beverages industry is having to deal with several obstacles – from tourists triggering pandemic scares to varying excise duties across the country. </li><li>Consumers are also switching from beer to whisky, rum, brandy and scotch on budgetary and health concerns. </li></ul>A growing spurt in post-pandemic social gatherings and socialising is seeing an uptick in food and beverages consumption, boosting <keyword id="13627872" type="General" weightage="20" keywordseo="Alcohol-sales-in-India" source="Orion">alcohol sales in India</keyword>. Consumers are also switching from beer to brown liquor like whisky, rum, brandy and scotch on budgetary and health concerns, industry experts say. “There has been a revenge buying going on in the market in the past 6 months. Many have shifted from beer to higher alcohol content products. Beer is comparatively more expensive as people tend to buy more of it due to less alcohol content,” said Ishwaraj Bhatia, COO of craft beer company <keyword id="138117" type="General" weightage="50" keywordseo="simba" source="Orion">Simba</keyword>, which witnessed a 35% growth post-pandemic. Indians have been getting out in droves to socialise in restaurants, clubs, pubs and bars – making up for all the lost social interactions after the Covid-19 pandemic’s forced isolation. Bangalore-based Ironhill, which claims to be the world’s largest microbrewery, clocked an overall sales in excess of ₹150 crore in 2022 alone. “The post pandemic era has been promising to us in many ways. Our sales have improved by steady dine-in footfalls across all our outlets. The consumption has been the highest in Bengaluru by a huge margin, followed by Vijayawada in Andhra Pradesh and outlets in Telangana and Andhra Pradesh,” said <keyword id="12042815" type="General" weightage="50" keywordseo="teja-chekuri" source="Orion">Teja Chekuri</keyword>, Managing Partner of Ironhill India. Dine-in business of quick service restaurants or QSRs saw a strong growth in Q1FY2023 according to a <keyword id="87153" type="General" weightage="50" keywordseo="bnp-paribas" source="Orion">BNP Paribas</keyword> sector report. That bodes well for <keyword id="25441" type="General" weightage="20" keywordseo="Alcohol-consumption" source="Orion">alcohol consumption</keyword> too. According to a Mirae Asset QSR report 2022, pubs, clubs and bars comprise 27% of the sales share. Pubs and bars are expected to grow at a CAGR of 14.8% and 9.5% in FY25, Paribas said. Indian alcohol beverage market is the third largest market in the world after China and USA by volume. This market is projected to grow at 11% per annum in value terms in 2021-2025, while by volume it is projected to cross 1200 million cases by<a href="https://www.bseindia.com/corporates/download/380455/Sula%20Vineyards%20Limited%20-%20DRHP_20220719121719.pdf"> 2025</a>. Changing excise policies a challenge Even as the alcoholic beverages industry in India slowly gets back on the road to recovery, it is having to deal with several obstacles – from tourists triggering pandemic scares to varying excise duties across the country. Delhi, a major market for alcoholic beverages, recently changed its excise policy. From September 1, Delhi and Ghaziabad went back to their old excise policies, leaving private players in the lurch. Private players were offering one plus one free alcohol to sell the remaining stock before the old excise policy came back. “The old excise policy favoured the private players more than the government vendors. Label and registration fees have gone up 100 fold and marketing is restricted. For registering a label in Delhi, we have to pay ₹15 lakh per year. For us, Delhi has been very expensive from the beginning, “ said Simba’s Bhatia. The entrepreneurs in the industry say Tier 1 cities were facing hiccups getting back on track due to the high inflow of travellers post pandemic leading to Covid cases. The tier 2 and tier 3 cities were quicker to adapt. “It is more difficult to sell alcohol in India rather than abroad because every state is a different country with its own excise rules. We have a separate team just to monitor the rapid changes in excise rules across states in India. The southern region of India is especially difficult to tap into as it forms 40% of the beer sales,” said Bhatia. Despite these issues, the Indian alcoholic beverage industry is expecting to grow robustly in the next few years and are looking to expand. UK-based research agency <keyword id="14971974" type="General" weightage="50" keywordseo="iwsr-drinks" source="Orion">IWSR Drinks</keyword> market analysis says Indian spirits segments will grow 4.4% in the next five years while beer will grow 9.3%. “We have been pushing our franchise model quite aggressively and have already begun talks for outlets in Maharashtra, Delhi, Punjab, Rajasthan among other states. We plan to have at least 30 outlets across India in the next few years,” said Ironhill India’s Chekuri. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/sanjay-khanna-appointed-ceo-of-american-express-india/articleshow/94169933.cms">Sanjay Khanna appointed CEO of American Express India</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/auto/news/a-fire-at-an-ev-showroom-has-killed-8-several-injured-while-trying-to-escape/articleshow/94167880.cms">A fire at an EV showroom has killed 8, several injured while trying to escape</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/tech-buying-guides/amazon-great-indian-festival-sale-kickstarter-deals-revealed/articleshow/94157835.cms">Amazon Great Indian Festival Sale: Kickstarter deals revealed</a>

Spurt in social gatherings post-Covid is boosting alcohol sales in India

<ul><li>Shares of the firm have delivered 625% returns in the last one year on account of a spike in demand for broadband services in homes and at enterprises.</li><li><keyword id="166938" type="General" weightage="20" keywordseo="tejas-networks" source="Orion">Tejas Networks</keyword> designs, develops and sells high-performance networking products to telecommunications service providers, internet service providers, utilities, defence and government entities in over 75 countries.</li><li>The company, waiting for the government's approval for its application for production-linked incentives, has gained over 39% in last one month.</li></ul>With increasing demand for internet services and growing trend in data consumption, Tejas Networks, the optical networking products maker for telecom and internet services providers, has given multifold returns to investors in the last one year. In the last one year, due to pandemic and remote working scenarios across the world, investors spotted an opportunity in this space, which is why shares of the Bengaluru-based broadband service provider jumped 625% in the last one year. The company ⁠— where marquee investor Vijay Kedia has 1.18% stake ⁠— waiting for the government's approval for its application for production-linked incentives has gained over 15% in just the last five days. <div type="image" title="tejas" height="900" width="1200" msid="86751640" hostid="261"></div> Tejas Networks designs, develops and sells high-performance networking products to telecommunications service providers, internet service providers, utilities, defence and government entities in over 75 countries. As of January 2021, there were 4.66 billion active internet users worldwide which is 59.5% of the global population, according to <a href="https://www.statista.com/statistics/617136/digital-population-worldwide/">Statista</a>. This shows the vast opportunities in the internet services for such players. Also, Tejas supplies products to the Government of India's BharatNet project to provide broadband internet to all of India's gram panchayats and has helped connect 40,000 villages so far. 5G rollout awards strong orders to Tejas Networks The government’s plan to roll out 5G in the country brought visibility to the company’s services as Tata Sons approached stake in the company this year. In July, Tata Sons subsidiary Panatone Finvest said it will buy 69% stake in the company through an investment of ₹1,884 crore. <div type="javascript" title="Custom" contenttype="Image"><cdata><![CDATA[ ]]></cdata></div> The company will utilise the capital infusion by Tata Sons to invest in research and development, sales and marketing, people, infrastructure and to enhance its manufacturing and operational capabilities to cater to this large market opportunity, and for other general corporate purposes. Tejas Networks sees a very large opportunity in the telecom sector both in India and global markets with the new cycle of investments in 5G and fiber-based broadband rollouts. Moreover, telecom operator Bharti Airtel has selected the telecom equipment maker to expand its optical network capacity in key metropolitan markets.Bharti Airtel has been expanding its network capacity as part of its 5G readiness while catering to increasing data consumption by consumers. Analysts expect strong future growth for the company because of a good order book and continuing demand for broadband services. “Strong order book of ₹6.79 billion provides revenue visibility for calendar year 2022,” said a report by Axis Capital. “Q4 (Jan-Mar 2021) revenue was a positive surprise as it picked up better than expectations. Revenue may remain lumpy in the initial quarter of FY22 due to COVID impact and muted government business. However, we expect it to pick up during the year, as international business gains momentum post COVID. Company also stands to benefit from demand from home and office broadband, metro capacity expansion, network modernization and critical infrastructure,” added the report. Approval in <keyword id="53367" type="General" weightage="20" keywordseo="pli" source="Orion">PLI</keyword> scheme to add wings to the company While, the government is trying to promote local manufacturing of telecom gear through the production-linked incentive (PLI) scheme, companies like Tejas Networks, Sterlite Technologies etc., stand to be beneficiaries. <a href="https://www.livemint.com/companies/news/tata-takes-tejas-stake-for-telecom-gear-foray-11627584389079.html">Reportedly</a>, curbs on Chinese vendors such as Huawei in India and many developed countries, including the US, UK and the European Union, over security concerns, have opened the door wider for firms such as Tejas to win business for cost-efficient equipment and software solutions. Tejas has applied for a PLI application under the telecom equipment category, the company mentioned in its latest investor call. The government has so far approved a ₹12,195-crore PLI scheme for telecom gear manufacturing in India. The PLI scheme for telecom gear will cover manufacturing of equipment such as core transmission products, 4G, 5G radio access network and other wireless gear. Under the PLI scheme for telecom equipment, the government will give 4-6 per cent incentive to eligible companies on incremental sales of manufactured goods for five years. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/aditya-birla-sun-life-amcs-ceo-says-mutual-fund-industry-to-see-many-mergers-in-next-couple-of-years/articleshow/86606968.cms">Mutual fund industry to see many mergers in next couple of years, says Aditya Birla Sun Life AMC’s CEO</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/indigo-spicejet-hdfc-amc-future-group-and-other-top-stocks-to-watch-out-for-on-september-29/slidelist/86600892.cms">IndiGo, SpiceJet, HDFC AMC, Future Group and other top stocks to watch out for on September 29</a>

This telecom equipment maker is up six fold in one year while waiting for production linked incentives

HDFC Bank, ICICI Bank, Tejas Networks among stocks to watch out for on April 25

IN PICS: IAF displays its might with Rafale, Apache, Tejas, and others during the annual Air Force Day airshow

The <keyword id="70669" type="COMPANY" weightage="20" keywordseo="Indian-Railway-Catering-and-Tourism-Corporation">Indian Railway Catering And Tourism Corporation</keyword> Limited (IRCTC) has cancelled the operation of the country's <keyword id="10317532" type="UNKNOWN" weightage="20" keywordseo="first-private-train-tejas-express">first private train Tejas Express</keyword> from Monday. The IRCTC has decided to end the operations of the Lucknow-Delhi and Mumbai-Ahmedabad Tejas Express due to a shortage of the passengers. Tejas Express had resumed operations in October after its operation was suspended due to <keyword id="1754604" type="PERSON" weightage="20" keywordseo="coronavirus">coronavirus</keyword>. The IRCTC is a public sector undertaking of <keyword id="9255929" type="COMPANY" weightage="20" keywordseo="the-ministry-of-railways">the Ministry of Railways</keyword>. Earlier, the IRCTC had said in a statement that the management has decided to cancel the operations of all Tejas trains due to a shortage of passengers. IRCTC has cancelled the Lucknow-New Delhi (82501/82502) Tejas Express from November 23 while the Ahmedabad-Mumbai (82901/82902) Tejas Express from November 24. "The management has decided to cancel all departures of the IRCTC Tejas trains due to <keyword id="10317531" type="UNKNOWN" weightage="20" keywordseo="low-occupancy-levels">low occupancy levels</keyword> resulting from <keyword id="8902449" type="UNKNOWN" weightage="20" keywordseo="covid-19-pandemic">Covid-19 pandemic</keyword>. The company will review its decision after seeing the occupancy level of other trains of the Indian Railways operating in both these routes," IRCTC said in a statement. The two Tejas trains between Lucknow-New Delhi and Ahmedabad-Mumbai were resumed from October 17 in view of the festival rush. The operation of both the trains was stopped on March 19 due to the pandemic. IRCTC had taken several steps to run Tejas Express keeping in mind the coronavirus outbreak. Sources said that the occupancy of Tejas Express was around 25 to 40 per cent after the resumption of operation as against 50-80 per cent before the coronavirus lockdown. SEE ALSO: <a href="https://www.businessinsider.in/tech/news/amazon-pharmacy-is-going-to-be-the-first-big-test-of-public-trust-in-prime-and-will-expose-the-company-to-more-scrutiny/articleshow/79353327.cms">Amazon Pharmacy is going to be the first big test of public trust in Prime and will expose the company to more scrutiny</a> <a href="https://www.businessinsider.in/india/news/moderna-covid-19-vaccine-to-cost-govts-25-37-per-dose-ceo/articleshow/79353606.cms" data-type="tilCustomLink">Moderna Covid-19 vaccine to cost govts $25-$37 per dose: CEO</a>

IRCTC cancels operation of Tejas Express due to low occupancy

New Delhi, The Railways introduced 153 services in 2019-20 as compared to 266 services in 2018-19, which included modern semi-high speed trains like Vande Bharat, <keyword id="3691811" type="COMPANY" weightage="20" keywordseo="tejas-express">Tejas Express</keyword> and UDAY (Utkrisht Double-Decker Air-conditioned Yatri) Express trains, Parliament was informed on Friday. In a written reply to a question in Rajya Sabha, <keyword id="6356740" type="COMPANY" weightage="20" keywordseo="RAILWAY">Railway</keyword> Minister <keyword id="6355222" type="PERSON" weightage="20" keywordseo="piyush-goyal">Piyush Goyal</keyword> said: "To facilitate passengers, Indian Railways, during the period 2018-19 and 2019-20, railways introduced new 153 and 266 services respectively." He said that introducing new services is a continual endeavour of the national transporter to upgrade train services and to provide improved facilities to the passengers. "Indian Railways have introduced premium services like <keyword id="7263559" type="COMPANY" weightage="20" keywordseo="Vande-Bharat-Express">Vande Bharat Express</keyword>, Humsafar, Tejas, Antyodaya, UDAY, to provide better travelling experience to the passengers," he said, adding that state-of-art Vande Bharat Express services have been introduced on <keyword id="3931882" type="LOCATION" weightage="20" keywordseo="new-delhi-varanasi">New Delhi-Varanasi</keyword> and New Delhi-Shri Mata Vaishno Devi Katra sectors. "These trains have ultra modern features like quick acceleration, on board infotainment and Global Positioning System (GPS) based passenger information system, automatic sliding doors, retractable footsteps and zero discharge vacuum bio toilets etc," he said. Goyal said that a total of four pairs of Tejas Express services have been introduced. "Two of these -- Chhatrapati Shivaji Maharaj Terminus-Karmali Tejas Express and Chennai Egmore-Madurai Jn Tejas Express are being run by Indian Railways, while the other two Tejas trains namely, Lucknow-New Delhi Tejas Express and Mumbai Central-Ahmedabad Tejas Express are operated by the Indian Railway Catering and Tourism Corporation (<keyword id="65866" type="COMPANY" weightage="20" keywordseo="IRCTC">IRCTC</keyword>)," he said. Similarly, two pairs of <keyword id="3691812" type="COMPANY" weightage="20" keywordseo="uday-express">UDAY Express</keyword> have been operationalised -- Bangalore City - Coimbatore UDAY Express and Visakhapatnam-Vijayawada UDAY Express. He said that other premium services like Humsafar, Tejas, Antyodaya, UDAY, Mahamana and coaches like Deen Dayalu and Anubhuti, which have upgraded interiors or exteriors and improved passenger amenities, have been introduced in various train services. He further said that the railways is manufacturing only Linke Hofmann Busch (LHB) coaches, which are technologically superior and have better riding, aesthetics and safety features than conventional Integral Coach Factory (ICF) type coaches. "Production Units of railways have stopped the manufacturing of ICF type coaches and are manufacturing only LHB coaches from the year 2018-19 onwards," he said. Goyal also said that vistadome coaches provide panoramic view, through wider body side windows as well as through transparent sections in the roof, thus enabling the passengers to enjoy the scenic beauty of the places through which they travel. "Recently, vistadome coaches on LHB platform have been manufactured with several modern features or amenities," he said. He said that under Project Utkrisht, which was launched in April 2018 to improve the condition of ICF type coaches running in Mail or Express trains, railways has upgraded 447 rakes of Mail or Express trains till December 2020. Similarly, under Project Swarn, 65 rakes of Rajdhani and Shatabdi trains have been upgraded across multiple dimensions, which include coach interiors, toilets, onboard cleanliness, staff behaviour, linen, etc. The Minister said that 63 smart coaches with ultra modern features like smart public address and passenger information system, Smart HVAC (Heating, Ventilation and Air Conditioning system), Smart security and surveillance system etc. have been manufactured and introduced. He said that conversion of end-on-generation (EOG) trains into Head-On-Generation (HOG) trains is om to reduce noise and air pollution at stations and in trains. It is expected to significantly reduce the consumption of fossil fuels, he added. SEE ALSO: <a href="https://www.businessinsider.in/policy/economy/news/how-big-is-indias-debt-and-should-it-be-a-worry/articleshow/80688623.cms">How big is India's debt and should it be a worry?</a> <a href="https://www.businessinsider.in/stock-market/news/heres-why-you-arent-being-able-to-apply-for-brookfield-reit-ipo-through-zerodha-groww-angel-broking-and-other-stockbroking-apps/articleshow/80686457.cms">Here's why you aren't being able to apply for Brookfield REIT IPO through Zerodha, Groww and other stockbroking apps</a> <a href="https://www.businessinsider.in/stock-market/news/analysts-explain-why-indigo-paints-shares-fell-with-a-thud-just-like-burger-king-and-mrs-bectors-and-what-to-do-with-it-now/articleshow/80704864.cms">Indigo Paints joins the league of Burger King and Bector's — frenzied IPOs that fizzled out</a>

Railways launched 153 new train services in 2019-20, says Railway Minister

<ul><li>The DefExpo kicks off tomorrow and it will be teaming with 1,000 companies from 40 countries around the world. </li><li>It will be an opportunity for domestic firms to find international partners to boost their technological capabilities. </li><li>According to Sameer Patil, an international security expert with GatewayHouse, India’s Armed Forces prefer to import equipment because domestic products either don’t meet their requirement or are of inferior quality. </li></ul>As <keyword id="8154465" type="UNKNOWN" weightage="20" keywordseo="DefExpo-2020">DefExpo 2020</keyword> is all set to kick off tomorrow, the many foreign players who will arrive for it, will bank on Indian love for imported equipment. Despite the push for ‘Make in India’, <keyword id="112134" type="ORGANIZATION" weightage="20" keywordseo="Indian-Armed-Forces">Indian Armed Forces</keyword> prefer to purchase high-quality products from global majors. “The DefExpo 2020 would provide a unique platform for defence industry OEMs, exhibitors and private industry to display their latest innovations and capabilities,” said defence minister <a href="https://twitter.com/rajnathsingh">Rajnath Singh</a>. According to him, over 1,000 companies from 40 different countries are scheduled to be present at the five-day event. However, the theme of the event is ‘Digital Transformation of Defence’ — an area where domestic firms don’t excel. “We have defence industrial capacity but our defence industrial capacity is not geared towards high-tech items but low-tech items, which doesn’t require complex expertise,” Sameer Patil, an international security expert with Mumbai-based think tank Gateway House told Business Insider India. An opportunity for foreign players to bag big deals India’s short-term requirements are mostly off-the-shelf items that foreign defence firms are already producing. The Armed Forces don’t favour picking up these items at home because homegrown products normally don’t live up to the hype. “The armed forces are saying that they would prefer imports rather than rely on the Defence Research and Development Organisation (DRDO) to develop the equipment because sometimes it's of inferior quality and sometimes it doesn’t meet the requirements of the Armed Forces,” explained Patil. For instance, the Navy rejected the Naval Light Combat Aircraft — or Tejas — developed by the DRDO and Hindustan Aeronautics Limited (HAL) because it was ‘overweight’. It’s size made it difficult to operate the aircraft from a carrier. However, the Tejas took nearly four decades to make in India. Regardless of the rejection, HAL is pursuing the project. The government’s military equipment manufacturing arm also saw tough times when the Dhruv helicopter crash instigated return-and-refund requests from Ecuador and the Maldives. The Navy also wanted an upgrade over the Dhruv helicopter. It applied to buy new naval utility helicopters with foldable rotor blades. However, HAL <a href="https://www.defencenews.in/article/MoD-expert-rejects-foreign-helicopter,-HAL-says-Dhruv-is-suitable-808920">argued</a> that its own design was robust enough and that it could develop foldable blades on its own over the next two to three years. An opportunity for domestic firms to tie up with foreign players When HAL first partnered with United Aircraft Corporation to manufacture the Sukhoi Su-57, the government expected a transfer of technology. “But because there was no planning or management culture in defence at that time, no one bothered to absorb those technical skills,” explained Patil. However, history is trying to correct itself. Tata, for example, already has a tie-up with Lockheed Martin to build F-16 wings and the F-21 fighter jet. Bharat Electronics Limited (BEL) and Larsen &amp; Toubro (L&amp;T) have also signed a pact to develop and manufacture defence products. “Because the private sector is more efficient, there is an expectation that they will absorb those tech skills. Given a chance, they can come up with indigenous equipment,” said Patil. However, defence indigenisation doesn’t happen overnight. According to Patil, it takes at least two decades to get the ball rolling and see visible results. Its realisation will mean catering to India’s medium and long term requirements for weaponry that isn’t available off the shelf — like robotic technologies. See also: <a href="https://www.businessinsider.in/news/defexpo-2020-will-have-france-russia-south-korea-israel-us-and-african-countries-wooing-indias-defence-sector-for-partnerships/articleshow/73903166.cms">DefExpo 2020 will have France, Russia, South Korea, Israel, US, and African countries wooing India’s defence sector for partnerships</a> <a href="https://www.businessinsider.in/defense/news/india-will-be-picking-up-ai-enabled-military-tech-from-south-korea-at-the-defexpo-2020/articleshow/73933364.cms">India will be picking up AI-enabled military tech from South Korea at the DefExpo 2020</a>

You Searched For "tejas" and got 14 results

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This telecom equipment maker is up six fold in one year while waiting for production linked incentives

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IN PICS: IAF displays its might with Rafale, Apache, Tejas, and others during the annual Air Force Day airshow

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IRCTC cancels operation of Tejas Express due to low occupancy

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Railways launched 153 new train services in 2019-20, says Railway Minister

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