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Business Standard

Droneacharya Aerial bags export order worth $240,000 for supplying drone components

Droneacharya Aerial Innovations said that it has secured an export order for the supply of Drone components for heavy payload logistic drones, valued at USD 240,000.

The Economic Times

South Korea summit to target 'blueprint' for using AI in the military

At the first summit was held in Amsterdam last year, where the United States, China and other nations endorsed a modest "call to action" without legal commitment. "Recently, in the Russia-Ukraine war, an AI-applied Ukrainian drone functioned as David's slingshot," South Korean Defence Minister Kim Yong-hyun said in an opening address.

The Economic Times

Israeli defence companies showcase in India advanced tech to counter drone threats

The seminar from September 2 to 4 featured participation from the representatives and senior officials from Israel's Ministry of Defense, economic and security attaches, and representatives from India's Ministry of Defence, and defence and civilian industries from both countries, the statement issued by the Israeli Embassy said.

The Economic Times

Software firm PDRL launches SaaS platform BhuMeet to connect farmers, drone service providers

BhuMeet will enable users to find and hire drone service providers based on their service records and proximity, ensuring efficient and localised service delivery, a company statement said.

Business Line

Drone Destination launches ‘Drone Hub,’ aims to strengthen drone industry

Drone Hub features an extensive selection offers a wide range of products, including drones, drone parts, consumables, avionics, and BIS-approved drone batteries

Business Standard

Mahindra Group to collaborate with Sentrycs on developing anti-drone technology

Mahindra Group and Sentrycs have signed a Non-Binding Memorandum of Understanding (MoU) to explore opportunities for developing and providing 'differentiated Anti-Drone Solutions' in India, for civilian and military applications.

Business Standard

Mahindra Group, Sentrycs ink pact for development of anti-drone solutions

Mahindra Group and Israel's Sentrycs Ltd on Friday said they have signed a non-binding Memorandum of Understanding (MoU) to explore opportunities for developing and providing 'differentiated anti-drone solutions' in India. The solutions will cover civilian and military applications, the two companies said in a joint statement. The MoU relates to the 'anti-drone systems' technology space and will focus on the Transfer of Technology (TOT) and manufacturing of radio frequency-based counter-drone solutions under the government of India's 'Make in India' initiative, it added. The 'differentiated anti-drone solution' is an autonomous and integrated system with a command and control (C2) module, and enables detection, tracking, identification and mitigation of incoming drones. "We believe that this MoU with Sentrycs would enable the group to explore opportunities in the anti-drone space and set the stage for cutting-edge technological offerings with global partners for a full suite of ...

Business Standard

M&M gains as Mahindra Group ties up with Sentrycs to explore anti-drone solutions

Mahindra & Mahindra (M&M) gained 1.79% to Rs 2,807.30 after the Mahindra Group signed a non-binding memorandum of understanding (MoU) with Sentrycs to develop and provide anti-drone solutions in India for civilian and military applications.

Business Line

Mahindra and Sentrycs join forces to develop Anti-Drone solutions in India

Mahindra and Sentrycs’ partnership aims to create technology for both civilian and military applications under the ‘Make in India’ initiative

The Economic Times

Skye Air Mobility partners with CARiTAS Hospital to deliver medical supply and diagnostic samples

Drone logistics firm Skye Air Mobility has partnered with CARiTAS Hospital to deliver medical supplies and samples using unmanned aerial vehicles. The initiative aims to enhance healthcare accessibility and efficiency by reducing delivery times to just 5-7 minutes for distances of 10-15 kilometers. This innovative approach is expected to revolutionise healthcare logistics in Kottayam, with plans for a full-scale rollout in the near future.

The Economic Times

Britain to trial use of drones in deliveries, emergency services

As part of the trials announced by the UK's Civil Aviation Authority (CAA) selected projects would be able to fly their drones at distances beyond the flyer's ability to see them, using advanced technologies for navigation, control and to detect other aircraft. The projects include Amazon's drone delivery service, Prime Air, Airspection to conduct inspections of offshore windfarms and Project Lifeline, which aims to deliver medical supplies.

Business Line

This ₹2-cr drones start-up raised ₹20 crore in equity

BonV Aero is a supplier to Indian Army; specialises in a type of drone that can fly high and is capable of vertical takeoff

Business Standard

Garuda Aerospace enters Sri Lankan market to target agricultural sector

Cricketer M S Dhoni-backed drone technology firm Garuda Aerospace on Monday announced its entry in the Sri Lankan market where it will primarily target agricultural sector to enhance farming practices, besides exploring opportunities in homeland security and industrial applications. As part of the company's global expansion plans, the foray into Sri Lanka will also support Garuda in capitalising on the country's strategic location and drone-friendly regulatory environment, Garuda Aerospace said. The company said it is looking to spread its presence in at least 50 countries over the next few years, and has set aside USD 10 million, of the over Rs 100 crore revenue it delivered in FY24, to fuel the international growth. "This (expansion into Sri Lanka) isn't merely about growth, it's about unlocking the full potential of drone technology to create substantial impacts across various sectors. Sri Lanka's diverse landscape allows us to showcase how our innovative solutions can bring ...

Business Line

Marut Drones forays into Tamil Nadu; aims to create 500 drone entrepreneurs by end of 2024

It is collaborating with Annamalai University to provide drone training

Business Line

GalaxEye Space raises ₹8.3 crore investment from Ideaforge

The partnership follows the companies’ common aim to develop tech products for the armed forces in the drone and satellite services segment

Business Standard

Stock market has risen 4 times during Modi govt's tenure: Piyush Goyal

Stock market has risen four times in the last ten years during the Narendra Modi-led government's tenure with India making rapid progress in a virtuous growth cycle, Union Minister Piyush Goyal said on Thursday. "Stock market during our 10-year tenure has risen four times. The Nifty was at around 5,700 when Modi government came to power. Now perhaps it has crossed 23,000-24,000," Goyal said. "Let me tell you, this is a very merciless market. It only looks at numbers and the future... India is making rapid progress in the virtuous cycle of growth and due to this progress the stock market is moving ahead," he added. Benchmark Sensex on Thursday closed at a record high of 80,049.67 points while Nifty settled at 24,302.15 points. The Minister of Commerce & Industry during his address at an event organised by the PHD Chamber of Commerce & Industry (PHDCCI) said that Prime Minister Narendra Modi's government is ready to promote the drone industry that has seen rapid growth in the ...