Latest news with #Vulcano
India.com
15-06-2025
- Business
- India.com
Jackpot for Anil Ambani as these three Reliance's shares go sky-high, their names are...
Anil Ambani (File) Anil Ambani hits jackpot: We all know about the highs and lows that Mukesh Ambani's brother and Dhirubhai Ambani's son, Anil Ambani has experienced in his lifetime. Ranging from the SEBI conflicts and share prices fall, Anil Ambani's Reliance Group has seen many lows. However, the recent events have been historically positive for the company. Here are all the details on the recent jackpots for Anil Ambani's Reliance Group. On one hand, Reliance Infrastructure, a Reliance Infrastructure Limited promoted Reliance Defence Limited signed a landmark deal for India's defence infrastructure development with Germany's Diehl Defence, and on the other hand, the shares of Reliance Power, Reliance Infrastructure, and Reliance Home Finance have all experienced strong demand, bringing a massive good news for Anil Ambani. Massive good news for Anil Ambani In a matter of great news for Anil Ambani, the shares of several Reliance Group companies have seen significant gains over the past three months. The share price of Reliance Power surged from Rs 34 to Rs 70, marking a 107% rise, and is currently trading at Rs 67 after hitting a 52-week high of Rs 76. Additionally, the share prices of Reliance Infrastructure rose nearly 80%, from Rs 221 to Rs 396, before easing slightly below Rs 380, having touched a 52-week high of Rs 421. Meanwhile, Reliance Home Finance delivered the most dramatic rally, jumping from Rs 3 to Rs 8—a 143% increase. Milestone for Anil Ambani Anil Ambani achieved another milestone this months when Reliance Infrastructure, a Reliance Infrastructure Limited promoted Reliance Defence Limited signed landmark deal for India's defence infrastructure development. The Anil Ambani led company signed a deal with Germany's, Diehl Defence for the production of next-generation Terminally Guided Munitions (TGM). As per the press release issued by the company, Reliance Defence and Diehl Defence will be doing local production of state-of-the-art, Vulcano 155 mm Precision Guided Munition system, which would cater to needs of the Indian Armed Forces. Vulcano 155 mm Precision Guided Munition system The release also said that the advanced munition system will incorporate state-of- the-art, laser and GPS-guided targeting technology, enhancing precision striking capability, while ensuring high- impact accuracy for designated targets.
India.com
10-06-2025
- Business
- India.com
Anil Ambani aims high as Reliance Infrastructure signs 10,000 crore pact with Germany company, plans to manufacture...
Anil Ambani (File) In a significant milestone for Anil Ambani's Reliance Infrastructure, Reliance Infrastructure Limited promoted Reliance Defence Limited (Reliance Defence) has announced a landmark deal for India's defence infrastructure development. In the recent development, the Anil Ambani led company signed a deal with Germany's, Diehl Defence for the production of next-generation Terminally Guided Munitions (TGM). Here are all the details you need to know about the recent step from Anil Ambani. As per the press release issued by the company, Reliance Defence and Diehl Defence will be doing local production of state-of-the-art, Vulcano 155 mm Precision Guided Munition system, which would cater to needs of the Indian Armed Forces. Vulcano 155 mm Precision Guided Munition system The release also said that the advanced munition system will incorporate state-of- the-art, laser and GPS-guided targeting technology, enhancing precision striking capability, while ensuring high- impact accuracy for designated targets. Major boost for Indian armed forces The manufacturing facility will contribute significantly to meeting the operational needs of the Indian armed forces, while supporting the country's ambitious defence export target of Rs. 50,000 crores by 2029. Helmut Rauch, CEO, Diehl Defence said, 'Diehl Defence looks forward to strengthen the current relationship with Reliance Group in the context of TGM for the Indian Armed Forces.' Anil D. Ambani, Founder Chairman, Reliance Group said, 'We are honoured to partner with Diehl Defence, a globally recognized leader in guided munition technology. This strategic alliance not only accelerates the advancement of India's defence manufacturing capabilities, but also positions Reliance Defence as a pivotal player in the global defence supply chain. This collaboration is a testament to our commitment to operational excellence and innovation, aligning seamlessly with the Prime Minister's vision of Make in India and Atmanirbhar Bharat initiative. It exemplifies our resolve to catalyse sustainable growth, foster technological sovereignty, and position India as a formidable leader in international defence arena.' About Reliance Group: Reliance Group has two prominent companies under its umbrella, Reliance Infrastructure Limited and Reliance Power Limited, are debt-free with zero outstanding loans from banks or financial institutions.
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Business Standard
10-06-2025
- Business
- Business Standard
Reliance Defence partners Diehl for precision-guided munitions in India
Reliance Defence and Diehl Defence tie up for local production of 155 mm guided munitions in Ratnagiri, with Rs 5,000 crore investment planned over five years Mumbai Anil Ambani's Reliance Defence (R-Defence) has tied up with Germany-based Diehl Defence to produce next-generation terminally guided munitions (TGM) for the Indian armed forces. The partnership with Diehl will drive local production of the Vulcano 155 mm precision-guided munition system, R-Defence stated. As part of the agreement, R-Defence will establish a large, high-tech, greenfield, integrated ammunition and explosive manufacturing facility in Watad Industrial Area in Ratnagiri, Maharashtra. 'This strategic alliance not only accelerates the advancement of India's defence manufacturing capabilities, but also positions Reliance Defence as a pivotal player in the global defence supply chain,' Ambani, founder and chairman of the Reliance Group, said. In May, the company had tied up with another Germany-based defence firm, Rheinmetall AG, to supply the explosives and propellants for medium- and large-calibre ammunition. The facilities for the above-mentioned partnerships in Ratnagiri will be established with an investment of ₹5,000 crore over the next five years, a company source stated. R-Defence is aiming to start manufacturing in the next 18 months, as it has the land and principal approvals for the plant in place. The company aims to fund 30 per cent of the investment via equity and the other 70 per cent via debt. The equity is likely to come from the company's internal cash accruals, the source said. R-Defence aims to be amongst the country's top three private defence exporters in the next 12 to 24 months. It is likely to sign long-term agreements with firms like Diehl and Rheinmetall for 5 to 10 years in the coming months. The partnerships are a part of the company's ammunition-focused strategy, where the products made in India will have 60 per cent indigenous content. It is eyeing the market opportunity to potentially generate ₹10,000 crore in revenue through the development and supply of advanced ammunition systems. This tie-up with Diehl is also Reliance Group's fourth global partnership, expanding upon its established collaborations with Dassault Aviation, Thales Group of France, and Rheinmetall. Additionally, Diehl Defence's product portfolio includes air defence systems, missiles for all branches of the armed forces, and ammunition for the army, air force, and navy, as well as protection systems, generating annual sales of over 2 billion euros.
Time of India
10-06-2025
- Business
- Time of India
Reliance and Diehl forge ₹10,000 crore defence pact to manufacture Vulcano precision ammunition in India
In a move that could reshape India's defence production landscape, Reliance Defence , a subsidiary of Reliance Infrastructure , has entered into a strategic cooperation agreement with Germany's Diehl Defence . The partnership will focus on the local production of the Vulcano 155mm precision-guided munition system—an advanced artillery shell designed for long-range, high-accuracy strikes. The announcement, made on 10 June, signals a major step forward in India's efforts to reduce dependence on imported defence equipment and build a robust domestic manufacturing base. Vulcano system to be made in India The Vulcano 155mm system is no ordinary shell. It uses cutting-edge laser and GPS-guided targeting to deliver pinpoint accuracy. This makes it a valuable asset for the Indian Armed Forces, especially in modern combat scenarios where precision is critical. 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. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Kulkas yang belum Terjual dengan Harga Termurah (Lihat harga) Cari Sekarang Undo Reliance Defence will lead the manufacturing effort as the prime contractor, while Diehl Defence will provide the core technology and system-level expertise. The production will take place at a new greenfield facility in the Watad Industrial Area, Ratnagiri, Maharashtra, which will be part of the Dhirubhai Ambani Defence City (DADC). A ₹10,000 crore opportunity Reliance Defence estimates that this partnership could generate up to ₹10,000 crore in revenue. This projection reflects the growing demand for advanced ammunition systems and the company's ability to localise critical defence technologies. Live Events The manufacturing initiative will include over 50% indigenous value addition, directly supporting India's defence indigenisation goals. It also aligns with the government's target of achieving ₹50,000 crore in defence exports by 2029. Diehl Defence, headquartered in Überlingen, Germany, is a global leader in defence systems. Its portfolio includes guided missiles, air defence systems, and advanced ammunition. The company employs around 4,500 people and generates annual sales exceeding €2 billion. Helmut Rauch, CEO of Diehl Defence, said, 'Diehl Defence looks forward to strengthen the current relationship with Reliance Group in the context of TGM for the Indian Armed Forces.' This collaboration marks Reliance Group's fourth major international defence partnership, following earlier ventures with Dassault Aviation, Thales Group, and Rheinmetall. Market responds positively Following the announcement, shares of Reliance Infrastructure rose by 3.5%, closing at ₹404.40 on the Bombay Stock Exchange . The market's response reflects investor confidence in the long-term value of this strategic move. While the Indo-German partnership is being celebrated in New Delhi, reports have surfaced that Diehl Defence is also quietly promoting its IRIS-T air defence system to Pakistan1. The IRIS-T, known for its performance in Ukraine, is capable of intercepting supersonic missiles like Russia's P-800 Oniks—technologically similar to India's BrahMos. Analysts believe Pakistan's interest in the IRIS-T stems from its desire to counter India's BrahMos missile capabilities. This development has raised concerns in strategic circles about Germany's dual-track defence diplomacy in South Asia.
News18
06-06-2025
- Entertainment
- News18
Enzo Staiola, Child Star Of Iconic Film Bicycle Thieves, Passes Away At 85
Enzo Staiola, best known for playing Bruno in Bicycle Thieves, has died at 85. The child actor-turned-teacher never pursued stardom again. Enzo Staiola, who gained international acclaim as a child for his poignant role in Vittorio De Sica's 1948 Italian classic Bicycle Thieves, has died at the age of 85. Italian newspaper La Repubblica confirmed the news, though the cause of death has not been revealed. Staiola, just nine years old at the time of the film, portrayed Bruno Ricci – the son of an impoverished man whose livelihood depends on a bicycle that gets stolen. His performance in the neorealist masterpiece remains one of cinema's most affecting portrayals of childhood innocence and quiet resilience. The film's plot follows Antonio Ricci, played by non-professional actor Lamberto Maggiorani, as he searches the streets of post-war Rome for his stolen bicycle — a lifeline he desperately needs to support his family. At his side is Bruno, his watchful and tender-hearted son, whose expressive eyes silently reflect the emotional toll of their desperate journey. The heartbreak reaches its peak when Antonio, in a moment of hopelessness, attempts to steal a bicycle himself and is caught — all while Bruno watches. The film's final moment, with father and son walking away hand-in-hand through a crowd, is etched in cinematic history. Staiola was born in Rome on November 15, 1939. In a 2023 interview with La Repubblica, he recalled the serendipitous encounter that led to his casting. Director Vittorio De Sica spotted him walking home from school and followed him to his house. 'He sat at the table in our house and tried to convince [my parents] to let me act in his new film. But they didn't want to," Staiola recalled. Eventually, his uncle brought him to De Sica's studio, and he landed the role without auditioning. Despite Bicycle Thieves winning the Academy Award for Best Foreign Language Film and catapulting him to fame, Staiola never worked with De Sica again. He starred in a handful of other films during the 1950s, including Hearts Without Borders, Vulcano, Guilt Is Not Mine, and A Tale of Five Women. He also had a small role in the 1954 Hollywood film The Barefoot Contessa, alongside Humphrey Bogart and Ava Gardner, and made a brief appearance in The Girl in the Yellow Pyjamas (1977). However, Staiola eventually left acting behind, choosing a quieter life. He became a mathematics teacher and later worked as a land registry clerk. Reflecting on his brush with stardom, he admitted it wasn't all glamour: 'As a kid I could never play with my friends because if I made a mark on my face I couldn't make movies anymore. Then it was also a bit boring, the times of cinema are very long." Though he stepped away from the spotlight, Enzo Staiola's performance in Bicycle Thieves remains a timeless piece of cinema, and his portrayal of Bruno continues to move audiences generations later. Location : Rome, Italy First Published: June 07, 2025, 00:54 IST
