Kautilya

Metals and Minerals Trading Corporation of India (MMTC) Revenue from Exports Increased by 384%

Metals and Minerals Trading Corporation of India (MMTC) declared its financial results for the half year ended on 30th September 2019. The company has achieved revenue from operations of Rs 13176 crore (US$ 1.89 billion) as against the revenue from operations of Rs 12511 crore (US$ 1.79 billion) during the corresponding period last year registering a growth of 5 per cent over the same period last year.

GSL Forays into Ship Refits, Manufacture of Composites

A licence agreement was exchanged between GSL and DRDO for transfer of technology in composite technology, especially resin film infusion technology (RFIT) and vacuum assisted resin transfer molding (VARTM). Nagpal also said that GSL has opened an office at Karwar with the aim of bagging contracts for repairs and mid-life upgrades for warships.

Birds Cause Navy’s MiG 29K to Crash in Goa, Probe Ordered

“A MiG-29K twin-seater aircraft, on a routine training sortie, encountered a flock of birds after taking off from INS Hansa Air Base at Dabolim Goa at about noon on 16 Nov 2019,” a navy statement released shortly after the incident said. The pilots observed that the left engine had flamed out and the right one had caught fire and an inability to save the aircraft on account of low height caused them to ditch the plane and bail out.

Keel-Laying Ceremony for 2 Vessels at HSL

The keel-laying ceremony of two 50-tonne bollard pull tugs, ‘Balram’ and ‘Veeran’ out of a series of four, being built by Hindustan Shipyard Limited, Visakhapatnam for the Indian Navy, was conducted on November 15, a HSL press release said on Friday.

BRICS: Modi’s Foreign Policy Pivot

Last year at the 10th BRICS Summit, the joint working group on counter-terrorism decided to constitute sub-working groups in five areas: terrorist financing; use of Internet for terrorist purposes; countering radicalisation; the issue of foreign terrorist fighters; and capacity-building.