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Lenders approve Reliance Defence’s CDR exit and refinancing plans

Lenders approve Reliance Defence’s CDR exit and refinancing plans

A consortium of lenders led by IDBI has given its approval to the corporate debt restructuring exit plan of Reliance Defence and Engineering Ltd. (RDEL), a subsidiary of Reliance Infrastructure

Reliance Defence shares up 2% on partnership with South Korean firm

Reliance Defence shares up 2% on partnership with South Korean firm

Reliance Defence has tied up with South Korean defence firm LIG Nex1 for smart sensors and ammunition. The company

Reliance Defence likely to exit CDR this week

Reliance Defence likely to exit CDR this week

Reliance Defence and Engineering expects to exit the corporate debt rejig package this week with the lenders agreeing to longer maturity period for loans worth about Rs 6,800 crore.

Coming Months To Unfold JV Announcements From Indian and Russian Defence Firms

Coming Months To Unfold JV Announcements From Indian and Russian Defence Firms

Defence ties between India and Russia are all set to witness new highs and the coming months will unfold announcements from both sides on formation of Joint Ventures and for setting up manufacturing facilities in line with the government’s ‘Make In India’ initiative.

Reliance Defence, L&T may slug it out for Rs 20,000 crore warships contract

Reliance Defence, L&T may slug it out for Rs 20,000 crore warships contract

The defence ministry is gearing up to award a Rs 20,000 crore contract to build four amphibious warships under the Make in India programme, setting up a direct competition between Reliance Defence and L&T for bagging the order as it has decided to keep already stretched public sector shipyards out of the project.

Defence to emerge as the largest business bet of Reliance Infra in years to come, says Anil Ambani

Defence to emerge as the largest business bet of Reliance Infra in years to come, says Anil Ambani

With 27 industrial licenses for manufacturing various defence equipments for Army, Navy and Air Force, Reliance Infra (RInfra) is confident of becoming one of the leading defence companies in India, its Chairman Anil Ambani said on Monday at an analysts meet.

Reliance Defence eyes Rs 300 billion offset from Dassault deal

Reliance Defence eyes Rs 300 billion offset from Dassault deal

With a new joint venture announced with French aerospace giant Dassault Aviation, Anil Ambani’s Reliance Group is set to get a big slice of the Rafale fighter jet deal and will target business worth Rs 20,000 crore as part of the offsets for the contract.

Anil Ambani meets UAE Prime Minister Sheikh Mohammed bin Rashid Al Maktoum

Anil Ambani meets UAE Prime Minister Sheikh Mohammed bin Rashid Al Maktoum

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister of United Arab Emirates (UAE) and Ruler of Dubai met Anil Ambani, Chairman, Reliance Group in Abu Dhabi on February 21.

Comment: India’s defence sector opportunity – hype or $12 bn hope?

Comment: India’s defence sector opportunity – hype or $12 bn hope?

Media reports suggest that Warburg Pincus is likely to pick up a 40 percent stake in Tata Technologies (an engineering solutions and IT product developing arm of Tata Motors).

India to become hub for US Seventh Fleet

India to become hub for US Seventh Fleet

Under a deal announced earlier this week, India will become a major service and repair hub for the US Seventh Fleet—the armada that is at the center of US war preparations against China.

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