IG Defence, Oman’s MSA Global explore production of drone systems
India's IG Defence and Oman's MSA Global have signed an MoU to explore the co-development and local manufacture of drone and counter-drone systems.
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India's IG Defence and Oman's MSA Global have signed an MoU to explore the co-development and local manufacture of drone and counter-drone systems.
An analysis of the challenges Indian deep-tech startups face when scaling defence technologies amid record production growth.
Lithuanian startup PDKINEMATICS, founded by former private equity manager Rapolas Markevičius, develops precision-guidance systems for drones, emerging from the geopolitical crisis following Russia's invasion of Ukraine.
Bengaluru-based AI firm Sarvam inked a five-year deal with India's defence ministry to develop AI applications for military operations, training, and decision support, while Microsoft launches a voluntary exit programme affecting thousands globally.
Sarvam signed a five-year MoU with India's Ministry of Defence to develop and deploy AI applications across the Indian Army, Navy, and Air Force.
Sarvam AI signed an MoU with India's Ministry of Defence to develop AI applications for Indian armed forces across Army, Navy, and Air Force.
Tonbo Imaging's three cofounders collectively pocketed ₹137.2 Cr from the company's ₹852 Cr IPO, with significant gains also realized by early investors.
Bengaluru-based defence tech firm Tonbo Imaging's ₹852 Cr IPO is oversubscribed with a 71% grey market premium, raising questions about valuation amid growing global demand for advanced imaging and sensing systems.