BEML shares in focus after licensing deal With DRDO to manufacture advanced combat support vehicles for Army

BEML shares
will be in focus on Tuesday after the company signed three licensing agreements with the Defence Research and Development Organisation's (DRDO) Vehicles Research and Development Establishment (VRDE) to manufacture advanced mobility and support systems for the
Indian Army
's Armoured Corps.
Under the agreements, BEML will indigenously develop and produce the Unit Maintenance Vehicle (UMV) and Unit Repair Vehicle (URV) for the MBT Arjun tank, as well as a full trailer for a 70-tonne tank transporter equipped with an advanced hydraulic suspension system.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Giường thông minh tồn kho từ năm 2022 - [Xem giá]
Giường Thông Minh | Quảng Cáo Tìm Kiếm
'This collaboration marks a significant milestone in enhancing the Indian Army's operational capabilities through next-generation, indigenous solutions, aligned with the Government of India's Aatmanirbhar Bharat vision,' BEML said in a statement.
Play Video
Pause
Skip Backward
Skip Forward
Unmute
Current Time
0:00
/
Duration
0:00
Loaded
:
0%
0:00
Stream Type
LIVE
Seek to live, currently behind live
LIVE
Remaining Time
-
0:00
1x
Playback Rate
Chapters
Chapters
Descriptions
descriptions off
, selected
Captions
captions settings
, opens captions settings dialog
captions off
, selected
Audio Track
default
, selected
Picture-in-Picture
Fullscreen
This is a modal window.
Beginning of dialog window. Escape will cancel and close the window.
Text
Color
White
Black
Red
Green
Blue
Yellow
Magenta
Cyan
Opacity
Opaque
Semi-Transparent
Text Background
Color
Black
White
Red
Green
Blue
Yellow
Magenta
Cyan
Opacity
Opaque
Semi-Transparent
Transparent
Caption Area Background
Color
Black
White
Red
Green
Blue
Yellow
Magenta
Cyan
Opacity
Transparent
Semi-Transparent
Opaque
Font Size
50%
75%
100%
125%
150%
175%
200%
300%
400%
Text Edge Style
None
Raised
Depressed
Uniform
Drop shadow
Font Family
Proportional Sans-Serif
Monospace Sans-Serif
Proportional Serif
Monospace Serif
Casual
Script
Small Caps
Reset
restore all settings to the default values
Done
Close Modal Dialog
End of dialog window.
Also Read:
KEI Industries, DCB Bank among 10 small-cap stocks analysts expect to gain up to 75%
Defence Stocks in Focus on Rs 30,000 Cr QRSAM Boost
Defence-related stocks such as
Bharat Electronics
(BEL),
Bharat Dynamics
(BDL), Data Patterns,
Paras Defence
, and BEML are expected to remain in focus amid reports that the Indian Army is set to acquire Quick Reaction Surface-to-Air Missile (QRSAM) systems worth Rs 30,000 crore.
Live Events
According to news agency ANI, the Defence Ministry will soon review a proposal to procure three QRSAM regiments for Army Air Defence, intended for deployment along the western and northern borders. The DRDO-developed missile systems are designed for rapid deployment, with the capability to track and engage targets while on the move.
Also Read:
Dixon Technologies, LIC Housing Finance among 10 mid-cap stocks analysts expect to gain up to 40%
The QRSAM, with a range of 30 km, will complement existing systems like Akash and MRSAM. Officials said the system has undergone successful day and night trials.
The Defence Acquisition Council is likely to take up the proposal later this month.
This development comes amid heightened tensions, where Indian Army air defence units recently countered cross-border drone threats using L-70 and Zu-23 guns, while platforms like Akash, MRSAM, Spyder, and S-400 also played key roles. To bolster readiness, the Army is also expected to induct new radars, very short-range air defence systems, and anti-drone technologies, including jammers and laser-based systems.
Also Read:
Vishal Mega Mart, SBI Card among 8 large & midcap stocks that hit 52-week highs on Monday
(
Disclaimer
: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)

Try Our AI Features

Explore what Daily8 AI can do for you:

Learn with AIFact CheckingText to SpeechAI Summary

Related Articles

Hans India

29 minutes ago

• Hans India

Centre unveils Rs 2.3 crore startup challenge to boost renewable energy innovation

New Delhi: The government on Saturday launched an innovative 'Start-Up Challenge' with a total prize pool of Rs 2.3 crore to accelerate rooftop solar and distributed renewable energy innovations in the country. The selected innovators will compete for Rs 2.3 crore, including Rs 1 crore for first prize, Rs 50 lakh for second prize, Rs 30 lakh for third prize, and 10 consolation prizes of Rs 5 lakh each. Last sate for application is August 20 and the result will be announced on September 10. Winners will also gain incubation support, pilot implementation opportunities, and mentorship from domain experts and investors, facilitated by MNRE and NISE, according to a Ministry of New and Renewable Energy statement. The unique national innovation challenge aims to identify and support breakthrough solutions for India's rooftop solar and distributed energy ecosystem. It is being implemented under the aegis of MNRE with support from the National Institute of Solar Energy (NISE), and in coordination with StartUp India, DPIIT. The Start-Up Challenge seeks applications from innovators and startups in India, focusing on four key categories to boost renewable energy adoption. These are affordability – making rooftop solar affordable for low- and middle-income households using innovative financing, modular systems, and circular economy strategies. Resilience is another category, to enhance climate resilience, grid stability, and cybersecurity in solar infrastructure, especially for vulnerable and remote areas. Inclusivity – expanding access to underserved communities through community solar, virtual net metering, and inclusive financing models, and 'environmental sustainability' – promoting eco-friendly technologies such as solar panel recycling, land-neutral solar deployment, and hybrid clean energy models, are the last two categories. The challenge welcomes a wide range of startups in green tech, IoT, AI, blockchain, construction, energy hardware, fintech, and waste management.

The Print

33 minutes ago

• The Print

Gold declines Rs 600 to Rs 99,960/10 g; silver plunges Rs 2,000/kg

Gold of 99.5 per cent purity dipped Rs 550 to Rs 99,250 per 10 grams (inclusive of all taxes). The yellow metal had closed at Rs 99,800 per 10 grams on Thursday. The precious metal of 99.9 per cent purity had settled at Rs 1,00,560 per 10 grams in the previous market session. New Delhi, Jun 20 (PTI) Gold prices slipped below the Rs 1 lakh-mark, falling Rs 600 to Rs 99,960 per 10 grams in the national capital on Friday due to selling by jewellers and stockists in line with weak global cues, according to the All India Sarafa Association. Silver prices also diminished Rs 2,000 to Rs 1,05,200 per kilogram (inclusive of all taxes) on Friday. It had ended at Rs 1,07,200 per kg on Thursday. 'Silver slid from recent highs, nearing one-week lows and heading for their first weekly decline in three weeks. It fell below USD 35.70 per ounce after a sharp rally earlier in the week. 'The decline came as investors liquidated positions in bullion to cover losses elsewhere amid rising geopolitical tensions between Israel and Iran,' Rahul Kalantri, Vice-President, Commodities at Mehta Equities, said. The Bank of England on Thursday also held rates steady in its monetary policy meetings, which also limited gains of precious metals. However, intensifying conflict between Israel and Iran, and weakness in the rupee is also supporting prices of gold and silver in the domestic markets, Kalantri said. On the global market, spot gold was trading at USD 3,353.67, lower by USD 16.72 per ounce, or 0.5 per cent. Spot silver fell 0.77 per cent to USD 36.10 per ounce in the overseas markets. 'Traders will watch developments on US trade tariffs and Middle East military engagement will drive volatility. Any signs of de-escalation or non-involvement from the US in the Iran-Israel conflict could keep gold under pressure. 'On the other side, renewed tensions will continue to support prices,' Jateen Trivedi, VP Research Analyst – Commodity and Currency, LKP Securities, said. PTI HG HG TRB BAL This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.

Business Standard

38 minutes ago

• Business Standard

Genpact's 10-hour workday sparks employee outrage, online backlash grows

In the middle of ongoing global debates around work-life balance, Genpact, a major player in the technology and services sector, finds itself at the centre of a storm. The company has introduced a controversial new policy mandating a 10-hour workday, which officially came into effect in mid-June. But what has truly sparked uproar is not just the extended hours — it's the lack of clarity, communication, and any meaningful increase in base pay. According to a report by The Hindu, Genpact's internal system will now track employees' daily active hours through a proprietary productivity portal. Those who meet the 10-hour threshold can earn up to 500 points a month, translating to Rs 3,000 in incentives. However, for any time logged beyond the mandatory 10 hours, employees are rewarded with only a marginal 5 per cent bonus — about Rs 150. There is no revision in base salary despite the extended hours. The policy has caused widespread unrest, particularly in the company's Hyderabad office, where the atmosphere is reportedly 'tense' and morale is taking a hit. The bigger issue, employees say, lies in how the new rules were communicated or rather, weren't. 'There's nothing on paper. It's all word of mouth. If anyone challenges it, they're accused of being difficult and risk termination,' said a senior recruitment staff member to The Hindu. The absence of an official HR circular has only deepened the confusion, with managers and team leads passing on the policy informally. The backlash has spilled over onto social media. Employees have taken to social media platforms to express concerns about the long-term effects of such a policy on mental health and workplace culture. Abhishek Sharma, assistant manager at Genpact, voiced his opinion in a widely shared post: '#For10HrLogin – Is this the new standard or a step backward? As professionals striving for excellence, we're no strangers to going the extra mile. But mandating a 10-hour login raises some important questions about work-life balance, productivity, and mental health… Extended login hours can lead to burnout, reduced creativity, and disengagement. I urge leadership to reconsider – is this sustainable, and is it truly what drives growth?' Others have echoed this frustration online. On X, a user wrote: 'Wow @Genpact really said, 'Forget a life outside work!' With 70 per cent of employees earning under 10Lakh/year, they've now blessed you with a 10-hour workday. Add Bangalore's 3-4 hour traffic jam, and poof—14 hours of your day gone! Marriage? Kids? Nah, Genpact's your soulmate now.' The criticism hasn't stopped there. On Reddit, a user called the move 'absolutely pathetic' and pointed out that, 'the company increased working hours to 10, without increasing salary.' The same user added that employees must now meet 'WAM' — a tool that reportedly tracks keystrokes and activity in detail.