Browsing: Reliance

Reliance Defence has signed a strategic cooperation agreement with Germany’s Diehl Defence to manufacture Vulcano 155mm precision-guided munitions in India. A new facility in Ratnagiri, Maharashtra, will support this production, aligning with the government’s Make in India and Atmanirbhar Bharat goals. The partnership could generate ₹10,000 crore in revenue and marks Reliance’s fourth major global defence collaboration. With over 50% indigenous value addition, the deal strengthens India’s defence.

India’s artificial intelligence (AI) market is valued at $6.4 billion, with expenditure expected to reach…

Paytm’s parent company, One97 Communications Ltd, has received approval from the National Payments Corporation of…