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India Buys Poseidon Aircrafts For Navy For $3 Billion. Here’s All You Need To Know About It

India on Wednesday signed an over USD 1 billion deal with American defence and aerospace major Boeing for procuring four additional ‘Poseidon-8I’ long-range maritime surveillance and anti-submarine warfare aircraft.  The contract is a follow-on order to eight P-8I planes already bought by India in a direct deal with the firm worth USD 2.1 billion, defence…

Suicide bombers hit Saudi cities of Madinah, Qatif and Jeddah

The bomber detonated his suicide vest Monday evening when most residents of the neighborhood were at home ending the Ramadan fast. A blast occurred on Monday in Saudi Arabia outside one of Islam’s holiest sites, the Prophet’s Mosque in Madinah, a Saudi-owned television channel reported. Al-Arabiya news channel showed images of fire raging in a…

Orlando Shooting: What We Know and Don’t Know

A gunman who claimed allegiance to the Islamic State killed 50 people and wounded 53 more when he opened fire in a crowded gay nightclub in Orlando, Fla., early Sunday. It was the worst mass shooting in American history. Here is the latest: Who Is the Suspect? • The gunman was Omar Mateen, 29, an…

India becomes world’s 7th most valued ‘Nation Brand’

India has moved up one position to become the world’s seventh most valued ‘nation brand’, with an increase of 32 per cent in its brand value to $2.1 billion. The US remains on the top with a valuation of $19.7 billion, followed by China and Germany at the second and the third positions respectively, as…

Global Defence Manufacturers urge PM Modi to simplify bidding process

The heads of global defence manufacturers including Lockheed Martin, Boeing, Textron and others have urged PM Narendra Modi to simplify the bidding process for contracts and ease rules related to local manufacturing commitments to help free up overseas funding in the sector. The demand was raised at a meeting that Modi had with 41 CEOs…

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