Connect with us

india

India signs deal with US to procure 31 Predator drones

Published

on

India signs deal with US to procure 31 Predator drones

The Cabinet Committee on Security (CCS) approved the acquisition of 31 Predator drones last week. India will procure 31 Predator drones from the US defense major, General Atomics, under a government-to-government framework, officials said on Tuesday.

The two countries today signed the much-anticipated deal. The Indian Navy will get 15 Sea Guardian drones whereas the Indian Air Force and Army will receive eight Sky Guardian drones each, reported PTI.

Advertisement

Under the ₹32000 crore deal, a maintenance, repair and overhaul facility will also be launched in India, The deals were signed by both sides in the presence of senior officials, said defence officials.

The Cabinet Committee on Security (CCS) approved the acquisition of 31 Predator drones last week.

The American team of military and corporate officials are in India for the inking of these contracts.

Top Indian defence officials, including Joint Secretary and Acquisition Manager for the naval systems, were slated to be present during the signing ceremony.

Advertisement

India had been discussing the deal with the US for many years but the final hurdles were cleared a few weeks ago at the Defence Acquisition Council meeting.

What are Predator drones?

The MQ-9B ‘hunter-killer’ drones will crank up the surveillance apparatus of the armed forces, especially along the contested frontier with China.

In June last year, the Defence Ministry approved the procurement of the MQ-9B Predator armed drones from the US under a government-to-government framework.

Advertisement

The MQ-9B drone is a variant of the MQ-9 “Reaper” which was used to launch a modified version of the Hellfire missile that eliminated al-Qaeda leader Ayman al-Zawahiri in the heart of Kabul in July 2022.

Also read: Centre clears crucial plan for submarines, Predator drones

The high-altitude long-endurance drones are capable of remaining airborne for over 35 hours and can carry four Hellfire missiles and around 450 kgs of bombs.

The Sea Guardian drones are being procured as they can carry out a variety of roles including maritime surveillance, anti-submarine warfare and over-the-horizon targeting among others.

Advertisement

The high-altitude long-endurance drones are capable of remaining airborne for over 35 hours and can carry four Hellfire missiles and around 450 kgs of bombs.

In a landmark defense agreement, India has finalized a deal with the United States to procure 31 MQ-9B Predator drones. The contract, valued at approximately $3.5 billion, represents a significant boost to India’s unmanned aerial vehicle (UAV) capabilities. The agreement was signed during high-level discussions, underscoring the strengthening strategic ties between the two nations amidst growing regional security challenges.

The acquisition includes 15 drones for the Indian Navy, 8 for the Indian Air Force, and 8 for the Indian Army, ensuring a balanced distribution across military branches. The Predator drones, known for their precision strike and surveillance capabilities, will enhance India’s ability to monitor and respond to threats across land and maritime domains. With an impressive range of over 6,000 nautical miles and endurance of up to 40 hours, these drones are ideal for long-duration intelligence, surveillance, and reconnaissance (ISR) missions.

This deal is part of India’s ongoing efforts to modernize its defense forces and reduce dependency on traditional platforms. The MQ-9B drones will play a crucial role in securing India’s vast borders and exclusive economic zone, especially given increasing tensions in the Indo-Pacific region and along the Line of Actual Control (LAC).

Advertisement

The procurement also highlights the deepening defense collaboration between with India’s “Make in India” initiative, as the deal incorporates provisions for local maintenance and support to boost indigenous defense capabilities.

Group Media Publications
Entertainment News Platforms – anyflix.in      
Construction Infrastructure and Mining News Platform – https://cimreviews.com/
General News Platform – https://ihtlive.com/
Podcast Platforms – https://anyfm.in

Advertisement

Stocks Market

Stock market in red amid India’s diplomatic action against Pakistan

Published

on

By

Stock market in red amid India’s diplomatic action against Pakistan

The stock market opened in red on Thursday, with the Sensex trading below 187.91 points and the Nifty below 46.45 points. The 30-share Sensex rose by 520.90 points or 0.65% to settle at 80,116.49, the highest closing level since December 18. Eight of the 13 major sectors declined at the open, while the broader, more domestically focused small-caps and mid-caps traded flat.

Ajay Bagga, market expert, said that the overhang remains for the next 10 to 15 days, the time it took in the previous two instances from the terrorist strike to the retaliatory Uri and Balakot strikes. On Wednesday, stock markets extended their surge to the seventh day, with Sensex share jumping 520 points to close above 80,000 level for the first time in four months.

Advertisement

The stock market closed in green for the 7th day on Wednesday, with the 30-share Sensex rising by 520.90 points or 0.65% to settle at 80,116.49, the highest closing level since December 18. During the day, it surged by 658.96 points or 0.82 per cent to 80,254.55. The NSE Nifty rallied 161.70 points or 0.67 per cent to 24,328.95. HCL Tech surged the most by 7.72 per.

Cent after posting an 8.1% increase in consolidated net profit at ₹4,307 crore for March quarter 2024-25, mainly on account of large deals with a total contract value of about ₹25,500 crore. Kotak Mahindra Bank, State Bank of India, Axis Bank, ITC, and UltraTech Cement were also among the laggards, according to PTI Both the Sensex and Nifty reversed their seven-day.

Uptrend and settled lower on Thursday, amid profit-taking and disappointing Q4 earnings of Hindustan Unilever. Selling in blue-chips ICICI Bank, Bharti Airtel, and a largely muted trend in Asian and European equities also dragged the markets down, PTI reported. In the past seven trading days, the BSE benchmark gauge zoomed 6,269.34 points or 8.48 per cent, and the Nifty.

jumped 1,929.8 points or 8.61 per cent ​Indian stock markets experienced significant declines on April 25, 2025, amid escalating geopolitical tensions with Pakistan following a deadly militant attack in Pahalgam, Kashmir, which resulted in 26 civilian deaths. The BSE Sensex fell by 1,195 points during intraday trading, closing 570.8 points lower at 79,227, while the NSE.

Advertisement

The market downturn was driven by widespread losses across sectors, with 12 out of 13 major indices ending in the red. Broader markets were also affected, as mid-cap and small-cap Nifty50 dropped 207.3 points to settle at 24,039 indices declined over 2%. Investor sentiment was further dampened by India’s strong diplomatic response to the attack, which included.

suspending the Indus Waters Treaty, closing the Attari border crossing, and revoking visa privileges for Pakistani nationals The Indian rupee weakened, closing 0.2% lower at 85.45 against the U.S. dollar, influenced by month-end dollar demand and increased geopolitical uncertainty. Bond yields also rose, reflecting heightened risk aversion among investors

Analysts caution that the ongoing tensions between India and Pakistan could continue to impact market stability. While a full-scale conflict is considered unlikely, the situation remains fluid, and investors are advised to monitor developments closely In Pakistan, the Karachi Stock Exchange’s KSE-100 index fell by 2.12%, or 2,485.85 points, as investors reacted to India’s.

The United Nations has urged both nations to exercise restraint and resolve their differences through peaceful dialogue diplomatic measures and the suspension of the Indus Waters Treaty Indian stock markets slipped into the red on April 25, 2025, following India’s strong diplomatic actions against Pakistan after a deadly terrorist attack in Kashmir. The BSE Sensex.

Advertisement
  • Group Media Publication
  1. Construction, Infrastructure and Mining   
  2. General News Platforms – IHTLive.com
  3. Entertainment News Platforms – https://anyflix.in/

Continue Reading
Anyskill-ads

Facebook

Trending