All posts tagged: inks

MoD inks deals worth ₹10,000-crore to boost army’s firepower | Latest News India

MoD inks deals worth ₹10,000-crore to boost army’s firepower | Latest News India

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The defence ministry on Thursday said it has signed two contracts worth ₹10,147 crore to procure ammunition for the army’s indigenous Pinaka multi-launcher rocket system, giving a boost to self-reliance in defence manufacturing. ₹10k-cr to boost army’s firepower” title=”MoD inks deals worth ₹10k-cr to boost army’s firepower” /> ₹10k-cr to boost army’s firepower” title=”MoD inks deals worth ₹10k-cr to boost army’s firepower” />MoD inks deals worth ₹10k-cr to boost army’s firepower The contracts were signed with Nagpur-based private firm Economic Explosives Limited and Pune-based Munitions India Limited for area denial munition and enhanced range rockets after the Cabinet Committee on Security (CCS) cleared the procurement last week. “The area denial munition has a specialised warhead to deliver a quantum of sub-munitions over a larger area targeting mechanised forces, vehicles and personnel, thereby denying specific areas to the enemy. The rockets have enhanced range to strike deep into enemy territory with precision and lethality,” the ministry said in a statement. The procurement marks a significant milestone in modernising artillery rocket regiments and bolstering the army’s firepower, …

Defence ministry inks ₹10,000 crore deals to boost army’s firepower | Latest News India

Defence ministry inks ₹10,000 crore deals to boost army’s firepower | Latest News India

Published by Parlour News

NEW DELHI: The defence ministry has signed two contracts worth ₹10,147 crore to buy ammunition for the army’s indigenous Pinaka multi-launcher rocket system, in the latest boost for self-reliance in the defence manufacturing sector, it said on Thursday. A rocket being launched during the flight-tests of guided Pinaka weapon system conducted by the Defence Research and Development Organisation (DRDO). (PTI FILE) The Cabinet Committee on Security cleared the procurement last week. The contracts were signed with Nagpur-based private firm Economic Explosives Limited and Pune-based Munitions India Limited for area denial munition and enhanced range rockets, respectively, the ministry said. “The area denial munition has a specialised warhead to deliver a quantum of sub-munitions over a larger area targeting mechanised forces, vehicles and personnel, thereby denying specific areas to the enemy. The rockets have enhanced range to strike deep into enemy territory with precision and lethality,” the ministry said in a statement. It added that the procurement will mark a significant milestone in the modernisation of the artillery rocket regiments and bolster the army’s firepower. The …

Bill Gates’ nuclear energy startup inks new data center deal

Bill Gates’ nuclear energy startup inks new data center deal

Published by Webster

TerraPower, a nuclear energy startup founded by Bill Gates, struck a deal this week with one of the largest data center developers in the US to deploy advanced nuclear reactors. TerraPower and Sabey Data Centers (SDC) are working together on a plan to run existing and future facilities on nuclear energy from small reactors. Tech companies are scrambling to determine where to get all the electricity they’ll need for energy-hungry AI data centers that are putting growing pressure on power grids. They’re increasingly turning to nuclear energy, including next-generation reactors that startups like TerraPower are developing. “The energy sector is transforming at an unprecedented pace.” “The energy sector is transforming at an unprecedented pace after decades of business as usual, and meaningful progress will require strategic collaboration across industries,” TerraPower President and CEO Chris Levesque said in a press release. A memorandum of understanding signed by the two companies establishes a “strategic collaboration” that’ll initially look into the potential for new nuclear power plants in Texas and the Rocky Mountain region that would power SDC’s data …

Squid Game star Jung Ho Yeon inks exclusive contract with co-star Lee Byung Hoon’s agency | Web Series

Squid Game star Jung Ho Yeon inks exclusive contract with co-star Lee Byung Hoon’s agency | Web Series

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Squid Game sensation and acclaimed model Jung Ho Yeon has officially joined forces with Lee Byung Hoon’s BH Entertainment. The agency confirmed the news on January 17, expressing immense excitement about the partnership and praising Jung’s incredible potential. Founded in 2006, BH Entertainment now operates as a subsidiary of Kakao Entertainment, representing some of the biggest names in the industry. Jung Ho Yeon signs with BH Entertainment(BH Entertainment) Jung Ho Yeon signs with BH Entertainment “We are thrilled to work with Jung Ho Yeon, an actor with boundless potential and much more to show,” BH Entertainment released a statement on Friday according to Korea Times. “Through our comprehensive and meticulous management system, covering both domestic and international platforms, we aim to support her growth into a globally beloved actor,” they added. Also read: Meet Single’s Inferno 4’s Yuk Jun Seo: Soldier-turned-artist and rising K-drama star Later, the agency shared a ‘welcome’ post on social media, publicly announcing the actress’s onboarding, and fans seemed delighted by the news. The company boasts some of the biggest stars …

Defence ministry inks ₹13,500 crore deal with HAL for 12 Su-30 fighters | Latest News India

Defence ministry inks ₹13,500 crore deal with HAL for 12 Su-30 fighters | Latest News India

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NEW DELHI: The defence ministry on Thursday inked a ₹13,500-crore contract with Bengaluru-based Hindustan Aeronautics Limited (HAL) for 12 Sukhoi-30 fighter aircraft along with associated equipment for the Indian Air Force in a push for the country’s self-reliance drive, the ministry said. Indian Air Force’s Sukhoi-30 fighter jet (File Photo) The IAF operates a fleet of 260 Su-30s, and the 12 additional fighters have been contracted to make up for planes lost in accidents. A ₹7,000-crore deal for 100 more self-propelled K9 Vajra-T guns manufactured by Larsen & Toubro with technology transfer from South Korean firm Hanwha Techwin has also been cleared, HT has learnt. “The Su-30 aircraft will have an indigenous content of 62.6%, enhanced due to indigenisation of many components to be manufactured by the local defence industry,” the defence ministry said. The 12 aircraft will be manufactured at HAL’s Nashik division. “The supply of these aircraft will enhance the operational capability of the IAF and strengthen the defence preparedness of the country,” the ministry said in a statement. The aircraft manufacturing division …

Google inks nuclear deal for next-generation reactors

Google inks nuclear deal for next-generation reactors

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Google plans to buy electricity from next-generation nuclear reactors. It announced the deal yesterday, which it says is the world’s first corporate agreement to purchase electricity from advanced small modular reactors (SMRs) that are still under development. Google inked the deal with engineering company Kairos Power, which plans to get its first SMR up and running by 2030. Google agreed to purchase electricity from “multiple” reactors that would get built through 2035. Google needs a lot more clean energy to meet its climate goals while pursuing its AI ambitions. New nuclear technologies are still unproven at scale, but the hope is that they can provide carbon pollution-free electricity while solving some of the problems that come with traditional nuclear power plants. “The trajectory of AI investments has added to the scale of the task needed.” “Obviously, the trajectory of AI investments has added to the scale of the task needed,” CEO Sundar Pichai said in an interview with Nikkei earlier this month. “We are now looking at additional investments, be it solar, and evaluating technologies like small modular …

As Maldives Faces Debt Default, China Inks New Finance Pact. Details Here

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China and Maldives have signed a new financial agreement amid the rising debt crisis in Maldives. Beijing: China and Maldives have signed a new agreement today that allows Beijing to lend more financial support to the already debt-distressed nation. China’s central bank has said the pact will also help strengthen trade and investment. The memorandum of understanding or MoU between the People’s Bank of China and Maldives’ Economic Development Ministry allows Beijing and Male to boost direct investments and permit local currency settlement for current account transactions. China has not revealed anything else about the agreement. Maldives, which is already facing a massive debt, is barely managing to avoid default. In a statement after the agreement, China’s foreign ministry said it has active communication with Maldives over its mounting debt to Beijing and is increasing its financial cooperation. “China will, as always, provide support and assistance to the economic and social development of the Maldives within its capability,” Mao Ning, a Chinese foreign ministry spokesperson said. MALDIVES’ RISING DEBT WORRY Maldives’s debt concern is a …

TN CM Stalin visits Apple, Microsoft offices in US; inks pact with Google for AI lab | India News

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Tamil Nadu Chief Minister M K Stalin visited the offices of Apple, Google and Microsoft and discussed opportunities for investment and partnerships with them. Day 2 of his US visit led to the signing of a pact to skill two million youngsters in the state in AI under the ‘Naan Mudhalvan’ scheme, in partnership with Google. The Chief Minister, currently on a visit to the USA to attract investments to Tamil Nadu, on Saturday described the visit to the offices of Apple, Google and Microsoft as “awe-inspiring.” “Discussed various opportunities and exciting partnerships. Determined to strengthen these partnerships and make Tamil Nadu one of the foremost growth engines of Asia!” @TRBRajaa @Guidance_TN @TNIndMin #InvestInTN #ThriveInTN #LeadWithTN #DravidianModel,” Stalin said in a post on the social media platform X. A Memorandum of Understanding (MoU) was signed in the presence of the Chief Minister, with Google for setting up Tamil Nadu AI (Artificial Intelligence) labs in Tamil Nadu. The initiative will help to collaborate with startups, MSMEs, and the rural economy besides making the youth a future-ready …

Vedaanta Senior Living inks MoU with Sameera Group

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Real Estate developer Sameera Group signs a Memorandum of Understanding with Vedaanta Senior Living on Saturday Real Estate developer Sameera Group on Saturday signed a Memorandum of Understanding (MoU) with Vedaanta Senior Living and together they will be coming up with senior living spaces catering to various budgets. The MoU entails investments to the tune of over Rs.500 crore. Over the next five years, they have chalked out plans to build around 1,000 senior living homes across South India. The first project will come up in Kanchipuram. This will be a villa project with an option of 1 and 2 BHK (Bedroom, Hall, Kitchen). “Work will begin in the second half of 2024 and will be completed in 30 months,” said PB Anandapadmanabhan, the founder and mentor of Vedaanta Senior Living. The units will be priced between Rs. 65 lakh to Rs. 85 lakh, Rahul Sabharwal, Co-founder and Director, Vedaanta Senior Living said. “Our biggest strength is acquiring land for projects and Vedaanta has expertise in senior living and this combination worked well. The collaboration aims …

Travis Kelce inks record $34M deal, becomes NFL’s highest-paid Tight End as Taylor hits Billionaire status

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In a year dominated by news of Taylor Swift reaching billionaire status, the NFL witnessed its own record-breaking deal. Travis Kelce secured a $34 million contract with the Chiefs, making him the highest-paid player in his position category. Additionally, Kelce signed a two-year contract extension with the team and celebrated his return to the NFL season with a video announcement on social media. FILE – Kansas City Chiefs tight end Travis Kelce and Taylor Swift walk together after an AFC Championship NFL football game between the Chiefs and the Baltimore Ravens, Jan. 28, 2024, in Baltimore.. Taylor Swift, who is holding concerts in Japan, will make it in time for the Super Bowl to see her partner and football superstar Travis Kelce play. (AP Photo/Julio Cortez, File)(AP) Travis Kelce signs deal worth Millions with Chiefs Travis and Taylor are setting impressive power couple goals, both in their relationship and financial achievements. Kelce’s longtime agent, Mike Simon, negotiated the deal, as reported by NFL journalist Tom Pelissero. Pelissero mentioned, “Kelce now has guaranteed money in 2024, …