Latest news with #ADA
News18
7 hours ago
- Business
- News18
Move Over Rafale-5, F-35, Su-57E: India Opens Rs 15,000-Crore Bid To Build 5th Gen Fighter Jets
Last Updated: The govt has issued an EoI for this high-profile project, open to firms, JVs, or consortia. Applications close on August 16, and the project must be completed within 8 years In a significant step towards self-reliance in defence, India has invited companies to develop indigenous fifth-generation fighter jets. The move comes amid escalating geopolitical tensions — with the Russia-Ukraine war dragging on, Israel opening a new front against Iran, and India responding to the Pahalgam terror attack with Operation Sindoor. According to experts, this move means India will no longer have to completely rely on foreign fifth-generation fighter jets like the Rafale-5, F-35, or Su-57E. The government has issued an Expression of Interest for this high-profile project, allowing single companies, joint ventures, or consortia to apply. The initial budget for developing the prototype is set at Rs 15,000 crore, with the potential for subsequent orders running into several thousand crores. 'The objective of this EOI is to shortlist Indian companies (owned and controlled by resident Indian citizens) who are technically capable for the development, building of prototypes, supporting flight test and certification of AMCA (advanced medium combat aircraft)," the EOI document stated. Interested companies must submit their applications by August 16, with a maximum project completion time of eight years. This initiative marks a significant step in India's largest military research endeavour. The Aeronautical Development Agency (ADA) will evaluate and shortlist established Indian companies with a proven track record in aerospace and defence. To qualify, firms must demonstrate the ability to absorb and implement the AMCA's design, along with experience in key areas such as engineering, manufacturing, system integration, testing, quality assurance, and post-delivery support. Additionally, companies must be capable of setting up infrastructure for full-scale series production of the aircraft. What's The Budget For India's 5th-Gen Jet? fifth-generation fighter jet prototype is developed, the selected company is expected to receive large-scale defence orders in the future. The importance of a fifth-generation aircraft for India cannot be understated. While the country has developed indigenous cruise and ballistic missiles and air defence systems, such as the proven Akash system, the lack of a fifth-generation stealth fighter jet remains a significant gap. The government aims to address this shortfall within the next decade to decade and a half. Which Companies Can Place Their Bets? Potential contenders for this project include both public and private sector companies. Hindustan Aeronautics Limited (HAL), Tata Advanced Systems Limited, Adani Defence, and Larsen & Toubro are all likely candidates to participate in this ambitious endeavour. On May 27, in a major step towards strengthening India's self-reliance in defence and building a strong local aerospace industry, Defence Minister Rajnath Singh gave the green light to the implementation framework for the AMCA programme. The AMCA programme will be carried out by the ADA in collaboration with industry partners. The chosen model ensures a level playing field, encouraging both private and public sector entities to compete on equal terms.
Yahoo
14 hours ago
- Business
- Yahoo
ADA Slips Below $0.60; 24-Hour Trading Volume Jumps 30% Amid Accumulation Signs
Cardano's ADA ADA token is struggling to maintain upward momentum, sliding to $0.5965 despite signs of support at the $0.60 psychological threshold, according to CoinDesk Research's technical analysis model. Earlier price action suggested a bullish reversal pattern, including a potential triple bottom formation, but the failure to hold $0.60 highlights ongoing weakness in the market. What stands out is the surge in 24-hour trading volume, which rose 30% above its 7-day moving average — a sign of increased market engagement. Although short-term price action remains bearish, the rise in activity combined with a reduction in exchange netflows could indicate that ADA holders are shifting toward long-term storage. With over 2,000 decentralized applications and 10.8 million native tokens deployed on the Cardano network, some traders are positioning for a potential rebound if the broader market stabilizes. Technical Analysis Highlights ADA traded between $0.589 and $0.612 over the 24-hour period, a 3.9% range. After testing support at $0.590, buying pressure pushed the price near $0.609, followed by consolidation between $0.597–$0.603. Final hourly candle closed at $0.5965, confirming a break below $0.60 with no immediate bounce. Uptrend structure of higher lows was disrupted, weakening bullish momentum. A 30% spike in 24-hour trading volume suggests elevated participation, though short-term sentiment remains fragile. Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy. Sign in to access your portfolio
NDTV
16 hours ago
- Business
- NDTV
India Kick-Starts Process To Build 5th Generation Stealth Fighter Jet
New Delhi: India has kick-started the process to implement an ambitious project to develop a fifth generation stealth fighter jet to boost its air power. The Aeronautical Development Agency (ADA), an entity that operates under the defence ministry, has invited Expression of Interest (EOI) for developing prototypes of the aircraft. Under the project, the government plans to build five prototypes of the Advanced Medium Combat Aircraft (AMCA). India has been working on the ambitious AMCA project to develop the medium weight deep penetration fighter jet with advanced stealth features to bolster its air power capability. AMCA along with the Tejas light combat aircraft are planned to be the mainstays of the Indian Air Force. The ADA said the aim of the EOI is to shortlist Indian companies (owned and controlled by resident Indian citizens) who are technically capable of building the AMCA prototypes. In an official note, it said the applicant may be a single company, joint venture or a consortium of companies. It said reputed Indian companies having experience in the aerospace and defence sector with capability to absorb the design of AMCA will be shortlisted for the project. The shortlisted entity must possess the capability of setting up a manufacturing facility for series production of the aircraft, it said. The duration of the contract for development, prototyping, flight test and certification of AMCA shall not exceed eight years from the effective date of contract, the ADA said.
News18
20 hours ago
- Business
- News18
India Begins Process To Build, Produce Made-In-India Fifth Gen Fighter Jet, Invites Companies
Last Updated: The Aeronautical Development Agency has invited expressions of interest to develop and produce the fifth-generation fighter jet — the advanced medium combat aircraft Moving quickly after a nod from Defence Minister Rajnath Singh to involve private players, the Aeronautical Development Agency has invited expressions of interest from Indian companies to develop and produce the fifth-generation fighter jet — the advanced medium combat aircraft. The deadline fixed for the project is eight years. Indian companies – a single company, joint venture or consortium – can bid for this big project. 'The objective of this EOI is to shortlist Indian companies (owned and controlled by resident Indian citizens) who are technically capable for the development, building of prototypes, supporting flight test and certification of AMCA (advanced medium combat aircraft)," the EOI document stated. The Aeronautical Development Agency (ADA) will shortlist reputed Indian companies experienced in the aerospace and defence sectors with capability to absorb the design of AMCA. The agency is also looking for adequate experience in the field of development and engineering, manufacturing, equipping, integration, testing, quality management, customer support among others. It has specified that the shortlisted company must possess the capability of setting up a manufacturing facility for series production. On May 27, in a significant push to enhance India's indigenous defence capabilities and foster a robust domestic aerospace industrial ecosystem, Rajnath Singh approved the AMCA programme execution model. This is an important step towards harnessing the indigenous expertise, capability and capacity to develop the AMCA prototype, which will be a major milestone towards self-reliance in the aerospace sector. First Published: June 19, 2025, 23:04 IST
Business Wire
20 hours ago
- Business
- Business Wire
U.S. District Court Dismisses Class Action Lawsuit Against CrowdStrike
AUSTIN, Texas--(BUSINESS WIRE)--The U.S. District Court of Western Texas has granted CrowdStrike (NASDAQ: CRWD) a motion to dismiss a consumer class action suit brought by airline passengers who claimed they experienced flight disruptions as a result of a software outage in July 2024. The ruling states that the claims related to airline services are preempted by the federal Airline Deregulation Act (ADA). To prevent a patchwork of inconsistent state laws governing the airline industry, the US Congress included a preemption provision in the ADA, which expressly preempts state-law claims related to airline services. 'That the plaintiffs here bring their suit against CrowdStrike, rather than against the airlines themselves, does not prevent ADA preemption,' the US District Court order stated. 'We are grateful for the Court's thoughtful consideration and decision to dismiss this case,' said Cathleen Anderson, chief legal officer at CrowdStrike. About CrowdStrike CrowdStrike (NASDAQ: CRWD), a global cybersecurity leader, has redefined modern security with the world's most advanced cloud-native platform for protecting critical areas of enterprise risk – endpoints and cloud workloads, identity and data. Powered by the CrowdStrike Security Cloud and world-class AI, the CrowdStrike Falcon® platform leverages real-time indicators of attack, threat intelligence, evolving adversary tradecraft and enriched telemetry from across the enterprise to deliver hyper-accurate detections, automated protection and remediation, elite threat hunting and prioritized observability of vulnerabilities. Purpose-built in the cloud with a single lightweight-agent architecture, the Falcon platform delivers rapid and scalable deployment, superior protection and performance, reduced complexity and immediate time-to-value. CrowdStrike: We stop breaches. © 2025 CrowdStrike, Inc. All rights reserved. CrowdStrike and CrowdStrike Falcon are marks owned by CrowdStrike, Inc. and are registered in the United States and other countries. CrowdStrike owns other trademarks and service marks and may use the brands of third parties to identify their products and services.
