<keyword id="511212" type="General" weightage="20" keywordseo="viewsonic" source="Orion">ViewSonic</keyword>, a leading global provider of visual solutions, on Wednesday announced the launch of the VP-16 OLED, the brand's first portable touch screen monitor with OLED technology, in the country. The new monitor is available on Amazon and is priced at a maximum retail price (MRP) of Rs 75,000 and end-use-price (EUP) of Rs 49,999 plus taxes, the company said in a statement. The 15.6-inch ColorPro monitor comes with 1080p Full HD resolution and Pantone Validation for remarkable colour reproduction and immersive visuals.It features an OLED display that offers crisp images that are free from halo effects, reproducing blacks perfectly. "The OLED screen is individually lit by a series of light-emitting diodes," the company added. The new product delivers better contrast, higher brightness, wider viewing angles, a broader colour range and much faster refresh rates when compared to standard LCD monitors." It is the first portable display in our ColorPro series specially designed for professionals seeking flexibility in their work. The colour reproduction on the new model is extraordinary, and the USB Type-C connectivity adds to the resourcefulness of the monitor," said Sanjoy Bhattacharya, Director Sales and Marketing -- IT Business, ViewSonic India. The monitor has a detachable protective cover that acts as a shading hood for an instant "dark room" effect. This maintains a high-definition viewing experience regardless of the brightness of the environment." Adding to the adaptability, with a 60Hz refresh rate, the new unit also offers USB Type-C connectivity with 40W two-way power charging," the company said. The new monitor also features a mini-HDMI port and a 3.5mm headphone jack and also includes a height-adjustable stand that provides more comfortable viewing angles for nearly any working position. "Furthermore, the ENERGY STAR certification of the product helps save on energy costs while reducing greenhouse gases," ViewSonic added. SEE ALSO:<a href="https://www.businessinsider.in/tech/mobile/news/iqoo-neo-7-pro-vs-oneplus-11r-mobile-phone-comparison-of-price-and-features/slidelist/101509828.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/mobile/news/iqoo-neo-7-pro-vs-oneplus-11r-mobile-phone-comparison-of-price-and-features/slidelist/101509828.cms" target="_blank">iQOO Neo 7 Pro vs OnePlus 11R – Which sub-₹40,000 phone suits you best?</a><a href="https://www.businessinsider.in/stock-market/news/ideaforge-ipo-allotment-how-to-check-allotment-gmp-listing-date-and-more/articleshow/101491342.cms" target="_blank"></a> <a href="https://www.businessinsider.in/stock-market/news/ideaforge-ipo-allotment-how-to-check-allotment-gmp-listing-date-and-more/articleshow/101491342.cms" target="_blank">ideaForge IPO allotment – how to check allotment, GMP, listing date and more</a> <a href="https://www.businessinsider.in/tech/mobile/news/motorola-razr-40-and-razr-40-ultra-flip-phones-sales-start-july-15/articleshow/101477662.cms">Motorola Razr 40 and Razr 40 Ultra flip phones: Sales start July 15 – all you need to know</a>

ViewSonic launches portable touch screen monitor with OLED tech in India

<ul><li>The Qualified institutional buyer (QIBs) portion of the circuit board maker’s IPO was subscribed 90 times the shares on offer. </li><li>The retail portion of the issue was subscribed 49 times over. </li><li>The non-institutional investor portion was subscribed over 45 times. </li></ul>The public issue of circuit board maker Cyient DLM was subscribed 67 times the shares on offer on Friday, the last day of the issue. Qualified institutional buyers (QIBs) showed good interest on the third day, with this portion being subscribed 90 times. The retail portion saw bids amounting to 49 times the shares on offer, with similar interest from non institutional investors, as per data on BSE as of 5 pm. Two other IPOs were open for subscription on Friday. IdeaForge’s IPO was subscribed 106 times over the shares on offer, while PHK Ventures, which opened today, received very low response. <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;"><colgroup></colgroup><col /><col /><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Category </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">No. of times subscribed </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">QIBs </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">90.44 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Non institutional investors </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">45.05 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Retail </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">49.19 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Total </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">67.30 </td></tr></tbody></table>Source: BSE About the company The company manufactures printed circuit boards, cable harnesses, and box builds used in aviation and medical diagnostic sectors. The price band of the issue has been fixed at ₹250-265, and it plans to raise as much as ₹592 crore via the public issue. It has already raised ₹259 crore from 20 anchor investors like ICICI Prudential, HDFC MF, Tata Infrastructure Fund, Societe Generale, LIC MF and more. Its revenue went up by 15% in FY23 to ₹832 crore as compared to FY22. Net profit, however, fell by 20% to ₹31.7 crore for the period. The IPO is a complete offer for sale, and the company intends to use the net proceeds towards working capital, capex, debt repayment, and general corporate purposes Funded via IPO proceeds, acquisitions can bring its manufacturing operations closer to customers and increase wallet share, a critical monitorable, says Anand Rathi which gave a ‘subscribe’ rating on the IPO. The IPO has been commanding a grey market premium of ₹100, as per media reports. Grey market premium (GMP) is the premium at which an unlisted stock is traded in an unofficial market. SEE ALSO <a href="https://www.businessinsider.in/finance/news/almost-one-in-five-of-indias-future-unicorns-has-dropped-off-the-race-as-funding-winter-bites/articleshow/101313249.cms">Almost one in five of India’s future unicorns drop off the race as funding winter bites</a> <a href="https://www.businessinsider.in/stock-market/news/usha-martin-turns-multibagger-after-escaping-debt-trap/articleshow/101301290.cms">This multibagger is charting a growth path after escaping a debt trap</a>

Cyient DLM IPO subscribed 67x on final day as QIB bidding surges

<ul><li>The public issue of circuit board maker <keyword id="16017587" type="General" weightage="20" keywordseo="cyient-dlm" source="Orion">Cyient DLM</keyword> was subscribed 7.6 times on day 2. </li><li>The retail portion of the issue was subscribed 24 times over, while its QIB portion is yet to be fully subscribed. </li><li>Non-institutional investors also showed good interest in the issue as this portion was subscribed over 11 times. </li></ul>The public issue of circuit board maker Cyient DLM was subscribed 7.6 times over the shares on offer, on Wednesday, which is the second day of the issue. While the qualified institutional buy portion is yet to be fully subscribed, the retail portion saw bids amounting to 24 times the shares on offer. Non institutional investors also showed good response to the issue. IdeaForge’s IPO, which closed on Wednesday, was subscribed 50 times over as retail investors and non-institutional investors lapped up the shares – both these categories were subscribed 64 times the shares on offer. <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;"><colgroup></colgroup><col /><col /><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Category </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">No of times subscribed </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">QIBs </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">0.91 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Non institutional investors </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">11.24 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Retail </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">24.02 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Total </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">7.60 </td></tr></tbody></table>Source: BSE About the company The company manufactures printed circuit boards, cable harnesses, and box builds used in aviation and medical diagnostic sectors. The price band of the issue has been fixed at ₹250-265, and it plans to raise as much as ₹592 crore via the public issue. It has already raised ₹259 crore from 20 anchor investors like ICICI Prudential, HDFC MF, Tata Infrastructure Fund, Societe Generale, LIC MF and more. Its revenue went up by 15% in FY23 to ₹832 as compared to FY22. Its FY23 net profit however fell by 20% to ₹31.7 crore compared to the year before. The IPO is a complete offer for sale, and it intends to use the net proceeds towards working capital, capex, debt repayment, and general corporate purposes Funded via IPO proceeds, acquisitions can bring its manufacturing operations closer to customers and increase wallet share, a critical monitorable, says Anand Rathi which gave a ‘subscribe’ rating on the IPO. The IPO has been commanding a grey market premium of ₹100, as per media reports. Grey market premium (GMP) is the premium at which an unlisted stock is traded in an unofficial market. SEE ALSO <a href="https://www.businessinsider.in/finance/news/almost-one-in-five-of-indias-future-unicorns-has-dropped-off-the-race-as-funding-winter-bites/articleshow/101313249.cms">Almost one in five of India’s future unicorns drop off the race as funding winter bites</a> <a href="https://www.businessinsider.in/stock-market/news/usha-martin-turns-multibagger-after-escaping-debt-trap/articleshow/101301290.cms">This multibagger is charting a growth path after escaping a debt trap</a>

Cyient DLM IPO subscribed 7.6x on day 2 even with tepid QIB demand

<ul><li>The QIB portion of the issue was subscribed 181 times on the last day of the IPO. </li><li>The non-institutional portion was subscribed 65x, while retail investors put in bids for 15x the shares on offer. </li><li>The company intends to use the net proceeds from the fresh issue to fund working capital requirements and for general corporate purposes. </li></ul><keyword id="1672821" type="General" weightage="20" keywordseo="senco-gold" source="Orion">Senco Gold</keyword>’s initial public offering (IPO) was subscribed 73 times on Thursday, the last day of the issue. Qualified institutional buyers (QIBs), who barely made any bids till the second day, subscribed to the issue by around 181 times — showing an oversized interest in the jewellery retailer. The company has allocated around 50% of the offer to QIBs. The 15% of the issue allocated to non-institutional bidders was subscribed 65 times. About 35% of the issue was available to retail investors, who subscribed 15 times the shares on offer. The price band of the offer has been fixed at ₹301-₹317 per equity share. It intends to raise as much as ₹405 crore through the IPO, through sale of equity shares with a face value of ₹10 each. The company intends to use net proceeds from the fresh issue to fund working capital requirements and towards general corporate purposes. One of the most recent successful IPOs — <a href="https://www.businessinsider.in/stock-market/news/-ideaforge-ipo-subscription-status-on-last-day-qib-subscribed-over-125x/articleshow/101396632.cms">IdeaForge, was subscribed 106x</a> on the last day of the issue. On the other hand, PKH Ventures had cancelled its IPO after receiving tepid response from investors – the issue could not secure enough bids to be fully subscribed on the last day. <keyword id="6812955" type="General" weightage="20" keywordseo="senco-gold-ipo" source="Orion">Senco Gold IPO</keyword> subscription details <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;"><colgroup></colgroup><col /><col /><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Category </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">No. of times subscribed </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">QIBs </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">180.94 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Non institutional investors </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">64.98 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Retail </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">15.45 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Total </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">73.35 </td></tr></tbody></table>Source: BSE Attractively priced, say analysts Senco Gold is a pan-India jewellery retailer, selling jewellery made of gold, diamond, silver, platinum and more. It has 136 showrooms in 96 cities and towns across 13 states in India. Some of its franchisee showrooms are located in Tier-I towns that provide it greater reach in Tier-II locations, the company says in its red herring prospectus. An IPO note by SMIFS claims that the IPO is attractively priced, commanding a price to earnings multiple of 13.9x at its upper price band – lower than its peer average. “Senco is well placed to benefit from the expected growth rate in the industry, and the structural shift from unorganised to organised sector. Company has demonstrated one of the best financial performances among peers,” said SMIFS, giving it a ‘Subscribe’ rating for listing gains. The company said in its RHP that it’s a very competitive business, and it risks losing a substantial market share. Volatility in the market price of gold and diamonds can affect its income, profitability and scale of operations, it added. The company has undertaken six criminal proceedings, while it has one such proceeding against itself. There are also 44 tax proceedings against the company. Its promoters have one criminal proceeding against them and four tax proceedings. “We have been subject to a ‘search and seizure’ operation by the income tax department in the past, which has resulted in taxation and criminal proceedings being initiated against our company and our individual promoter,” the company said in its RHP.

With oversized interest from QIBs, Senco Gold IPO subscribed 73x on last day

Barbados, July 5 (ANI): Ahead of the two-match test series against host West Indies, the Indian team which is currently practising in Barbados met with the legendary cricketer <keyword id="476008" type="General" weightage="100" keywordseo="Sir-Garfield-Sobers" source="Orion">Sir Garfield Sobers</keyword>. BCCI tweeted the video of the Indian players meeting the 86-year-old West Indian legend and his wife at the Kensington Oval. "In Barbados &amp; in the company of greatness! #TeamIndia meet one of the greatest of the game - Sir Garfield Sobers," BCCI wrote. <div type="twitter" handle="BCCI" handlename="BCCI" favoritecount="0" retweetcount="0" id="1676443188482183170"></div> Indian batter <keyword id="6354486" type="General" weightage="80" keywordseo="virat-kohli" source="Orion">Virat Kohli</keyword>, captain <keyword id="13937" type="General" weightage="80" keywordseo="rohit-sharma" source="Orion">Rohit Sharma</keyword>, <keyword id="6362888" type="General" weightage="80" keywordseo="shubman-gill" source="Orion">Shubman Gill</keyword>, Ajinkya Rahane, Ravichandran <keyword id="17006" type="General" weightage="80" keywordseo="ashwin" source="Orion">Ashwin</keyword> and head coach Rahul David were seen smiling and discussing with the all-time great. In the year 2022, Virat Kohli was awarded Sir Garfield Sobers trophy while Ashwin had received Garfield Sobers Trophy for being named the ICC Cricketer of the Year as well as the ICC Test Cricketer of the Year in the year 2017. The former West Indian captain has scored 8032 runs in 93 matches with an average of 57.78. He has bagged 26 centuries and 30 fifities in his test career. A total of eight matches will be played in the series over a month. India will kick off the series with a two-match Test series, the first of which will be played from July 12 to 16 at the Windsor Park Sports Stadium, Dominica. The second Test match will be played from June 20 to June 24 at the Queen's Park Oval, Trinidad. India are also scheduled to play five T20Is and the squad for the same will be announced later. After the Test series, there will be a two-day gap and the third day, India will square off with West Indies in a three-match ODI series. The ODI series will be important as it would help the Indian think tank assess where they stand in white-ball cricket ahead of the ODI World Cup, which will be held in India later this year. The first ODI will be played on July 27 at the Kensington Oval, Barbados while the second will be played at the same venue on July 29. The third and final game of the series will be played on August 1 at the Brian Lara Cricket Academy, Trinidad. After the ODI series, the two teams will lock horns for a five-match T20I series. The first match of that series will be played at the Brian Lara Cricket Academy, Trinidad, on August 3. The second T20I will be played at the Guyana National Stadium, Guyana on August 6 while the will be hosted at the same stadium on August 8. The fourth and the fifth T20I fixtures will be played at the Broward County Stadium, Florida on August 12 and 13. India's Test squad: Rohit Sharma (Captain), Shubman Gill, Ruturaj Gaikwad, Virat Kohli, Yashasvi Jaiswal, Ajinkya Rahane (vice-captain), KS Bharat (wicket-keeper), Ishan Kishan (wicket-keeper), Ravichandran Ashwin, Ravindra Jadeja, Shardul Thakur, Axar Patel, Mohd. Siraj, Mukesh Kumar, Jaydev Unadkat, Navdeep Saini. India's ODI squad: Rohit Sharma (Captain), Shubman Gill, Ruturaj Gaikwad, Virat Kohli, Surya Kumar Yadav, Sanju Samson (wicket-keeper), Ishan Kishan (wicket-keeper), Hardik Pandya (vice-captain), Shardul Thakur, Ravindra Jadeja, Axar Patel, Yuzvendra Chahal, Kuldeep Yadav, Jaydev Unadkat, Mohd. Siraj, Umran Malik, Mukesh Kumar. (ANI) SEE ALSO:<a href="https://www.businessinsider.in/sports/news/the-new-chairman-of-selectors-of-indian-cricket-had-some-unique-records-to-his-name/slidelist/101506688.cms" target="_blank"></a> <a href="https://www.businessinsider.in/sports/news/the-new-chairman-of-selectors-of-indian-cricket-had-some-unique-records-to-his-name/slidelist/101506688.cms" target="_blank">The new chairman of selectors of Indian cricket had some unique records to his name</a><a href="https://www.businessinsider.in/tech/mobile/news/iqoo-neo-7-pro-vs-oneplus-11r-mobile-phone-comparison-of-price-and-features/slidelist/101509828.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/mobile/news/iqoo-neo-7-pro-vs-oneplus-11r-mobile-phone-comparison-of-price-and-features/slidelist/101509828.cms" target="_blank">iQOO Neo 7 Pro vs OnePlus 11R – Which sub-₹40,000 phone suits you best?</a><a href="https://www.businessinsider.in/stock-market/news/ideaforge-ipo-allotment-how-to-check-allotment-gmp-listing-date-and-more/articleshow/101491342.cms" target="_blank"></a> <a href="https://www.businessinsider.in/stock-market/news/ideaforge-ipo-allotment-how-to-check-allotment-gmp-listing-date-and-more/articleshow/101491342.cms" target="_blank">ideaForge IPO allotment – how to check allotment, GMP, listing date and more</a>

Virat Kohli, Rohit Sharma, other Indian players meet West Indies legend Sir Garfield Sobers

<ul><li>Tata Technologies, Snapdeal, Fabindia and Navi Technologies are some of the most awaited IPOs of the season. </li><li>Around 13 companies filed their DRHPs between April to June 2023. </li><li>More tech, fintech and direct to consumer companies are expected to go public in the next two years.</li></ul>After a slow start in 2023, the <keyword id="6354763" type="General" weightage="20" keywordseo="ipo" source="Orion">IPO</keyword> market picked steam after the new financial year started in April. As many as 20 new companies listed on BSE and NSE, raising as much as ₹15,000 crore as of August. An IPO (Initial Public Offer) is the first sale of shares by a privately owned company to institutional and retail investors. Though it’s a far cry from ₹58,346 crore raised in 2022 — a lot of large and small companies alike have filed their draft red herring prospectus (DRHPs) with market regulator SEBI — promising an exciting year ahead. As per an E&amp;Y report, around 13 companies filed their DRHPs in April to June 2023, adding to the pipeline. Most active sectors in recent IPOs include hospitality &amp; construction, automotive &amp; transportation, diversified industrial products, and real estate. Apart from Rishabh Instruments’ ₹490 crore public offer and Ratnaveer Precision Engineering’s ₹165 crore public offers in the coming weeks, the stage has also been set for large companies looking to be listed. Amongst the most anticipated IPOs are Tata Technologies wherein Tata Motors is selling stake. This would be the first Tata company to go public in 19 years as the last company that was listed by the group is industry major TCS. <cmsannotation type="cmsannotation" annotationid="Upcoming IPOs" comment="subhead" text="Upcoming IPOs">Upcoming IPOs</cmsannotation> <table style="border-width: initial; border-style: none;" class="redcator-table-advance"><colgroup></colgroup><col /><col /><tbody><tr><td style="border-left:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;background-color:#000000;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Company </td><td style="border-right:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;background-color:#000000;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Amount </td></tr><tr><td style="border-left:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Rishabh Instruments Limited </td><td style="border-right:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹490.78 crore </td></tr><tr><td style="border-left:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Ratnaveer Precision Engineering Limited </td><td style="border-right:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹165.03 crore </td></tr></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody></table><cmsannotation type="cmsannotation" annotationid="Companies who have filed their DRHP" comment="subhead" text="Companies who have filed their DRHP">Companies who have filed their DRHP</cmsannotation> Let’s look at some of the companies who have filed their DRHP and may soon announce their IPO - <ul><li>Navi Technologies</li><li>Tata Technologies</li><li>Balaji Speciality Chemicals</li><li>Snapdeal</li><li>Fabindia</li><li>NSDL</li><li>Imagine Marketing (boAt)</li></ul><cmsannotation type="cmsannotation" annotationid="Techs, fintechs &amp; more" comment="subhead" text="Techs, fintechs &amp; more">Techs, fintechs &amp; more</cmsannotation> New-age companies like Snapdeal filed their papers with the regulator and would be very watched due to the mixed reactions that Internet companies are continuing to receive. Moreover, it would be one the first large e-commerce companies to test the markets. Sachin Bansal’s Navi Technologies is another fintech company that will join the likes of Policybazaar, and household brand FabIndia has also refiled its papers. In spite of a lot of investor concern around new-age companies, experts believe that India will see a lot of tech IPOs in the coming years. Mamaearth’s parent Honasa Consumer has also received a nod from SEBI for their IPO, even though it was delayed as of March this year. “By FY25, India is likely to have up to 40 listed/IPO ready new-age companies, which can grow to 90 by FY28. SaaS, B2C Product Companies, and FinTech are amongst the most promising categories to produce IPO-ready companies," Rohan Agarwal, partner at Redseer said in a recent report. These companies, Agarwal believes, have sizable revenues, sustainable growth, a strong EBITDA, and operate on defensible business models, making them strong candidates for IPO. Another Solapur based specialty chemicals company Balaji Specialty Chemicals also hopes to add to the many companies that have provided outsized returns to their investors in the last few years — as the sector is on an upcycle. "India's current IPO market trend showcases its immense potential and has witnessed a remarkable surge in recent years. In the forthcoming months, there is anticipated to be significant momentum in the Indian IPO market, encompassing both the main and SME market segments," said Adarsh Ranka, partner, financial accounting advisory services leader, network firm of EY Global. <cmsannotation type="cmsannotation" annotationid="Fundraising in 2023" comment="subhead" text="Fundraising in 2023">Fundraising in 2023</cmsannotation> <table style="border-width: initial; border-style: none;"><colgroup></colgroup><col /><col /><tbody><tr><td style="border-left:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;background-color:#000000;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Company </td><td style="border-right:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;background-color:#000000;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Funds raised in 2023 </td></tr><tr><td style="border-left:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Vishnu Prakash R Punglia </td><td style="border-right:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹309 crore </td></tr><tr><td style="border-left:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Aeroflex Industries </td><td style="border-right:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹351 crore </td></tr><tr><td style="border-left:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Pyramid Technoplast </td><td style="border-right:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹153 crore </td></tr><tr><td style="border-left:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">TVS Supply Chain </td><td style="border-right:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹880 crore </td></tr><tr><td style="border-left:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Concord Biotech </td><td style="border-right:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹1,551 crore </td></tr><tr><td style="border-left:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">SBFC Finance </td><td style="border-right:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹1,025 crore </td></tr><tr><td style="border-left:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Yatharth Hospital </td><td style="border-right:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹686 crore </td></tr><tr><td style="border-left:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Netweb Technologies </td><td style="border-right:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹631 crore </td></tr><tr><td style="border-left:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Utkarsh Small Finance Bank </td><td style="border-right:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹500 crore </td></tr><tr><td style="border-left:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Senco Gold </td><td style="border-right:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹405 crore </td></tr><tr><td style="border-left:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Cyient DLM </td><td style="border-right:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹592 crore </td></tr><tr><td style="border-left:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Ideaforge Technologies </td><td style="border-right:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹567 crore </td></tr><tr><td style="border-left:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">HMA Agro </td><td style="border-right:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹480 crore </td></tr><tr><td style="border-left:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">IKIO Lighting </td><td style="border-right:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹606 crore </td></tr><tr><td style="border-left:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Divgi TorqTransfer </td><td style="border-right:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹412 crore </td></tr><tr><td style="border-left:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Global Surface </td><td style="border-right:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹155 crore </td></tr><tr><td style="border-left:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Udayshivkumar Infra </td><td style="border-right:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹66 crore </td></tr><tr><td style="border-left:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Mankind Pharma </td><td style="border-right:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹4,326 crore </td></tr><tr><td style="border-left:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Avalon Technologies </td><td style="border-right:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹865 crore </td></tr></tbody></table>

IPOs galore – India’s primary market to remain buzzing in 2023

<ul><li>Drones could be the next big thing in India, with the government putting its weight behind the industry.</li><li>While the drone industry is still in its nascent stages, the Indian government announced that it would support the use of drones in the agriculture sector.</li><li>Experts believe the liberalisation in drone policies could result in the creation of new jobs, too.</li><li>For investors, too, there are several possibilities.</li></ul>The drone sector in India has remained muted for a while now despite many startups trying to find their feet. As the government lifts restrictions on drone usage from just defense to sectors like agriculture, tourism, healthcare and more, drone company stocks could be worth a lot more. The recent news about the Adani Group picking up a 50% stake in a drone company General Aeronautics – could be an early sign of things to come. “Though young, drone as an industry has been assisting social development in a big way and the thrust in the budget will further strengthen the industry. It will help the sector to move away from being a toy / entertainment product to a business product/service,” said Gautam Vohra, vice president, NLB Services. This provides investors with an opportunity to get in relatively early into this sector – still in its nascent stage. <cmsannotation type="cmsannotation" annotationid="Drone sector liberalisation provides investment opportunities, too" comment="subhead" text="Drone sector liberalisation provides investment opportunities, too">Drone sector liberalisation provides investment opportunities, too</cmsannotation> In the listed space, there are a few drone companies that could benefit from the government liberalising its drone policies. <keyword id="12014100" type="General" weightage="100" keywordseo="paras-defence" source="Orion">Paras Defence</keyword> is the latest on the block. The company rolled out its IPO in September last year. Since then, its stock has surged nearly 25%. Zen Technologies has been around for a long time now. It is headquartered in Hyderabad and offers logistics drones, among other things. Its stock has surged nearly 150% in the last one year. RattanIndia Enterprises is known for its Revolt branded electric bikes, but the company has a wholly-owned drone subsidiary called NeoSky India. Its shares have surged over 160% in the last one year. Bharat Electronics, a government-owned company, makes a wide range of products, right from weapon systems to radars, naval systems and drones, too. This Navratna public sector undertaking has also seen its stock surge consistently in the last one year, up by nearly 60% as on today. <cmsannotation type="cmsannotation" annotationid="From fundraises to govt agreements, the drone sector is seeing plenty of action" comment="subhead" text="From fundraises to govt agreements, the drone sector is seeing plenty of action">From fundraises to govt agreements, the drone sector is seeing plenty of action</cmsannotation> The sector also saw quite a bit of funding action in the last few months. For instance, ideaForge, an Indian drone manufacturer, raised $20 million in a Series B round. Established in 2007, ideaForge counts Infosys, Qualcomm, and Exim Bank of India amongst some of its investors. Another drone startup, Skye Air Mobility, signed a memorandum of understanding (MoU) with the Himachal Pradesh government to enable agriculture and healthcare logistics in the state. The difficult terrain of the state and low temperatures makes it difficult to address logistics needs, which makes drone deliveries even more lucrative. Vohra added that the recent developments and the government’s push could boost job opportunities in the sector by 25%. SEE ALSO: <a href="https://www.businessinsider.in/business/news/ongc-beats-tata-steel-tcs-to-become-indias-2nd-most-profitable-company-but-russian-links-may-spoil-the-party/articleshow/91890802.cms">ONGC beats Tata Steel, TCS to become India’s 2nd most profitable company - but Russian links may spoil the party</a> <a href="https://www.businessinsider.in/cryptocurrency/news/indian-government-looking-for-ways-to-tax-nfts-as-per-a-new-report/articleshow/91882530.cms">After cryptos, the taxman could come for your NFTs says a new report</a> <a href="https://www.businessinsider.in/policy/news/government-withdraws-advisory-on-aadhaar-photocopies-asks-citizens-to-be-cautious-while-sharing-aadhaar-card-details/articleshow/91881948.cms">Government withdraws advisory on Aadhaar photocopies, asks citizens to be cautious while sharing Aadhaar card details</a>

These four drone company stocks gave record breaking returns in one year

<ul><li>DRDO developed a counter-drone technology system in 2020, however it did not get any order from the Indian armed forces. </li><li>Experts believe that the drone as well as counter-drone technology are fairly young and still need improvements. </li><li>Indian government rolled out guidelines against rogue <keyword id="94769" type="PERSON" weightage="20" keywordseo="drones">drones</keyword> in 2013, yet the country doesn’t have enough anti-drone devices.</li></ul>As the government of India has just started recognising the potential use cases of drones in the Indian healthcare system, it was hit with a harsh reality that the enemies of the state have taken leaps to incorporate this technology to harm the South Asian nation. Two bombs were<a href="https://www.indiatoday.in/india/story/jammu-iaf-base-drone-attack-jawans-saw-heard-bombs-drop-1821316-2021-06-30"> dropped</a> at the Indian Air Force station in Jammu, in the early hours of June 27 this year. <table style="border-width: initial; border-style: none;"><colgroup></colgroup><col /><col /><tbody><tr><td style="border-left:solid #cccccc 0.9375pt;border-right:solid #cccccc 0.9375pt;border-bottom:solid #cccccc 0.9375pt;border-top:solid #cccccc 0.9375pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">June 27, 2021 </td><td style="border-left:solid #cccccc 0.9375pt;border-right:solid #cccccc 0.9375pt;border-bottom:solid #cccccc 0.9375pt;border-top:solid #cccccc 0.9375pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Two bombs dropped on IAF base in Jammu between 1:43 a.m.-1:50 a.m. </td></tr><tr><td style="border-left:solid #cccccc 0.9375pt;border-right:solid #cccccc 0.9375pt;border-bottom:solid #cccccc 0.9375pt;border-top:solid #cccccc 0.9375pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">June 27, 2021 </td><td style="border-left:solid #cccccc 0.9375pt;border-right:solid #cccccc 0.9375pt;border-bottom:solid #cccccc 0.9375pt;border-top:solid #cccccc 0.9375pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Two more drones were spotted over IAF military stations at 11:45 p.m. and 2:40 a.m. </td></tr><tr><td style="border-left:solid #cccccc 0.9375pt;border-right:solid #cccccc 0.9375pt;border-bottom:solid #cccccc 0.9375pt;border-top:solid #cccccc 0.9375pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">June 28, 2021 </td><td style="border-left:solid #cccccc 0.9375pt;border-right:solid #cccccc 0.9375pt;border-bottom:solid #cccccc 0.9375pt;border-top:solid #cccccc 0.9375pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Two similar devices were noticed in Ratnuchak-Kaluchak military area in Jammu. This prompted soldiers to open fire. </td></tr><tr><td colspan="2" style="border-left:solid #cccccc 0.9375pt;border-right:solid #cccccc 0.9375pt;border-bottom:solid #cccccc 0.9375pt;border-top:solid #cccccc 0.9375pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Source: Media reports </td></tr></tbody></table> This compelled the Indian government and security forces to go on a shopping spree to buy expensive counter-drone systems. While there are not many counter-drone technology makers in India, few of these players include state-owned Defence Research &amp; Development Organisation (DRDO), Bharat Electronics Limited (BEL), ideaForge and Big Bang Boom Solutions. According to media <a href="https://indianexpress.com/article/india/bsf-it-ministry-companies-border-security-drone-attack-7386310/">reports</a>, there are over 500 companies that can help the country find a solution to its drone problem. All these companies may not make devices to harm or kill drones, but can certainly help in tracking them. There are also several military tech private companies in the country, including Adani Defence &amp; Aerospace and Kadet Defence Systems that make drones for surveillance and technology for other combat purposes; Atindriya Systems provides electronic systems and software solutions for defense, and Trijatta that develops radars and encryption devices for the military. The government of India has been aware of the potential threat that rogue drones could pose in the security of the nation and issued a <a href="https://www.civilaviation.gov.in/sites/default/files/Counter_rogue_drone_guidelnes_NSCS.pdf">National Counter Rogue Drone Guidelines </a>two years ago. The policy highlights that the drone factor should be taken seriously as unmanned aircrafts, consumer drones and do-it-yourself (DIY) drones are readily available over the internet. The policy, referring to the Israel-Lebanon war of 2006, highlights "In certain incidents, the small drones were also armed with explosive ordnance, to convert them into potentially lethal guided missiles, thus demonstrating the growing sophistication with which these potent warriors have found relevance in combat zones." Yet it has found itself short of any large scale counter-drone system. The Jammu attack in itself did not cost much, but it did highlight the urgency to invest in a counter-drone system that could prevent bigger attacks in the long run. In the coming months, the government of India wants to sign multi-million dollar [who’s saying this?] contracts with both domestic and foreign firms to procure these technologies. <div type="image" title="India has limited options for weapons that can take down enemy drones" msid="84836842" hostid="261"></div> The anti-drone technology has a massive headroom to cover Kruthi Aramanamada, head of marketing at ideaForge, explained to Business Insider that counter-drone technology is expensive and fairly new as it came into existence only a decade ago. The technology is not fully matured and there is still a lot of scope of research and development (R&amp;D) in this segment, she added. Meanwhile, Anshuman Tripathi, a drone technology expert who is also a member of the National Security Advisory Board, <a href="https://www.indiatoday.in/india/story/combating-the-drone-menace-india-needs-to-pick-up-pace-with-anti-drone-measures-1823517-2021-07-03">said</a>, "Drones are still evolving and solutions to handle them are incomplete. It's a matter of a few years when the technology matures and you can standardise equipment as you go forward." Even developed countries like the US, Russia and Israel are <a href="https://theprint.in/opinion/brahmastra/india-needs-to-shop-for-anti-drone-systems-we-are-already-late/688517/">pumping billions</a> of dollars into research and development of both drones and counter-drone systems. However, they have not found a foolproof system for both hard and soft kill as yet. Indian armed forces on a look out for counter-drone systems In June 2020, IAF floated a Request for Information (RFI) for Indian vendors for Counter Unarmed Aircraft System (CUAS), which can be used to bring down the rogue drone. Apart from that, other ministries and departments are also looking to sign such contracts. However, there have not been many insights on who may end up getting such contracts. One of the possible beneficiaries of this spree is likely to be Israel-based company Smart Shooter, a company that has been developing systems to help militaries track and engage moving targets. Indian Navy had placed an order to <a href="https://theprint.in/defence/navy-orders-israeli-smash-2000-plus-systems-to-tackle-drones-more-contracts-in-offing/562955/">procure </a>an unspecified number of Smart Shooter’s SMASH 2000 Rifle Sights in December 2020. However, the Indian Army wasn’t quite impressed with it after their trials in January 2021. They found that the system may work well for the Navy as they work in open terrain, but it is not feasible for other terrains. This highlighted another major challenge among the counter-drone technology — use cases. The counter-drone system is not a ‘one size fits all’ type of solution and has to be customised based on the criticality of the situation, Aramanamada added. The debate between indigenous or foreign technology remains Prof. P B Sujit, adjunct faculty at School of Engineering and Technology at BML Munjal University, said that the current counter-drone tech is limited and mostly sourced or licensed from other countries. He also noted that there are few Indian startups in the segment as well, but the quality of those solutions is undetermined at the moment. “The trust in Indian developed tech is low. With the history of India importing from Israel, it's natural to import this. Moreover Israel has good tech which has been field tested with Palestine stuff... So the confidence levels are right with the Israel tech,” he added. Apart from the Israeli plan, the government is also on a look out for the technology developed by domestic players and foreign public as well as private sector units, drone original equipment manufacturers, defence tech firms and Defence Research &amp; Development Organisation (DRDO). Indian stand on the counter-drone infrastructure includes only a few players at the moment: <table style="border-width: initial; border-style: none;"><colgroup></colgroup><col /><tbody><tr><td style="border-left:solid #cccccc 0.8333325pt;border-right:solid #cccccc 0.8333325pt;border-bottom:solid #cccccc 0.8333325pt;border-top:solid #cccccc 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">DRDO anti-drone system was<a href="https://www.drdo.gov.in/sites/default/files/drdo-news-documents/NPC_15-16_Aug_2020.pdf"> first </a>deployed in India in 2020, during various national events including Prime Minister Narendra Modi’s Independence Day speech. However, it is not being used. The device had the capability to detect, intercept and destroy small drones. </td></tr><tr><td style="border-left:solid #cccccc 0.8333325pt;border-right:solid #cccccc 0.8333325pt;border-bottom:solid #cccccc 0.8333325pt;border-top:solid #cccccc 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">DRDO also carried out an urgent demonstration of its anti-drone system to armed forces at Kolar, a city in Karnataka, earlier in July 2021. The system has a detection capability of up to four kilometres with ‘soft kill’ option by radio frequency jamming. </td></tr><tr><td style="border-left:solid #cccccc 0.8333325pt;border-right:solid #cccccc 0.8333325pt;border-bottom:solid #cccccc 0.8333325pt;border-top:solid #cccccc 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">National Security Guards had <a href="https://www.firstpost.com/india/why-india-needs-israel-as-drone-attacks-become-real-and-threatens-to-be-cataclysmic-9763551.html">awarded </a>a contract worth ₹1.49 crore to Bengaluru-based Accord Software &amp; System for procurement of indigenous Counter Drone Technology System. </td></tr><tr><td style="border-left:solid #cccccc 0.8333325pt;border-right:solid #cccccc 0.8333325pt;border-bottom:solid #cccccc 0.8333325pt;border-top:solid #cccccc 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">ideaForge has partnered with German tech firm Aaronia AG to develop anti-drone tech devices. However, the solutions have not been deployed on the ground yet. </td></tr></tbody></table> Even though the army and security forces are yet to deploy DRDO’s anti-drone system, Bharat Electronics Limited and three<a href="https://www.hindustantimes.com/india-news/bsf-to-test-drdo-anti-drone-system-on-border-ied-laden-uav-shot-down-in-jammu-101627010670994.html"> undisclosed </a>private companies have signed a technology transfer agreement with the government. The agreement would enable these players to mass-produce the system. SEE ALSO <a href="https://www.businessinsider.in/politics/political-media/news/there-are-at-least-four-hot-issues-in-india-that-the-government-has-no-data-for/articleshow/84820788.cms">There are at least four hot issues in India that the government has no data for</a> <a href="https://www.businessinsider.in/cryptocurrency/news/maharashtra-karnataka-and-telangana-plan-to-use-ethereum-in-their-fight-against-fake-degrees/articleshow/84823688.cms">This Indian startup is using Ethereum to help Maharashtra, Karnataka and Telangana fight against fake degrees</a> <a href="https://www.businessinsider.in/business/news/ola-expands-esop-pool-to-3000-crore-issues-stock-worth-400-crore-to-employees/articleshow/84820171.cms">Ola expands ESOP pool to ₹3,000 crore, issues stock worth ₹400 crore to employees</a>

India has limited options for weapons that can take down enemy drones

<ul><li><keyword id="94769" type="PERSON" weightage="20" keywordseo="drones">Drones</keyword> are monitoring parts of Delhi where there are protests against the Citizenship (Amendment) Act (CAA).</li><li>The Delhi Police has been using Netra UAVs — developed by the Defence and Research Organisation and IdeaForge — to surveil the city for over four years.</li><li>They can fly up to 200 meters in the air — 80 meters over the limit prescribed by Indian drone laws.</li></ul>Drones are helping keep the peace in India’s national capital, New Delhi, as nation-wide protests against the <a href="https://www.businessinsider.in/politics/news/what-is-citizenship-bill-and-how-does-it-affect-religious-freedom-in-india/articleshow/72362487.cms">Citizenship (Amendment) Act (CAA)</a> are on the rise. 
	
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 Citizens have been flooding the streets to show their disapproval for the new law ⁠— on that they fear is setting the foundation for excluding Muslims in the upcoming National Registry for Citizens (NRC) ⁠— <a href="https://www.businessinsider.in/india/news/india-has-seen-atleast-10-instances-of-section-144-ub-the-last-months-of-modi-2-0/articleshow/72884563.cms">despite the enforcement of Section 144</a>, a law which <a href="https://www.businessinsider.in/india/news/explained-what-is-section-144-of-crpc/articleshow/72884632.cms">prohibits public gatherings</a> in a given jurisdiction. The drones in use ⁠— <a href="https://drdo.gov.in/robotics">Netra UAVs</a> developed by a Mumbai-based company called IdeaForge⁠— are able to fly <a href="https://www.businessinsider.in/flying-drones-is-finally-legal-in-india/articleshow/65573434.cms">as high as 200 metres</a>. From that height, they are able to scan a hexagonal grid that extends to around three to four kilometres. And, it has thermal night-vision. 
 
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 "Drones are used to record happenings and in case of massive law and order situations, where things go out of hand, the recordings help to identify those who cause a situation to go out of hand," a senior police officer told <a href="https://www.indiatoday.in/india/story/anti-caa-stir-delhi-police-use-drone-to-keep-track-of-protesters-1629729-2019-12-19">India Today</a>. Even <a href="https://economictimes.indiatimes.com/news/politics-and-nation/those-indulging-in-arson-can-be-identified-by-their-clothes-narendra-modi-on-anti-caa-protest/articleshow/72687256.cms">Prime Minister Narendra Modi</a> said that the arsonists can be “identified by their clothes.” This is exactly the kind of ethical violation human rights violation experts have warned against in the past. Especially in a situation like the one in India right now, where mass protests are currently underway, the use of drones by the police falls may lead to the isolation of some protestors and their harassment. 
 
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 Here’s why facial recognition using drones falls in the ethical gray area As the <a href="https://www.brennancenter.org/our-work/research-reports/new-york-city-police-department-surveillance-technology">following excerpt from Brennan Center for Justice</a> in the US pointed out in October 2019, the use of drones for facial recognition may have the following consequences: <ul><li>Race, Gender, and Age Bias: Numerous studies have found that facial recognition performs poorly when analyzing the faces of women, children, and people with darker skin tones. This places communities already subject to over-policing at greater risk of misidentification.</li></ul><ul><li>Privacy: Facial recognition is recognised as extraordinarily intrusive, challenging reasonable expectations of privacy and lacking necessary oversight. This is why a number of groups have called for a moratorium on facial recognition.</li></ul><ul><li>Free Speech: Law enforcement use of facial recognition may expose protesters to persistent <keyword id="6354565" type="UNKNOWN" weightage="20" keywordseo="Surveillance">surveillance</keyword> and identification.</li></ul><ul><li>Regulation: There have been widespread calls for its regulation, and some cities in the US have even banned its use.</li></ul>
 
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 It’s not a new thing What many don’t know is that the Delhi Police has been using these drones for <a href="https://www.businessinsider.in/defense/news/the-us-air-force-may-have-a-stealthy-spy-drone-replacement-for-the-supersonic-sr-71-thats-secretly-been-flying-for-9-years/articleshow/71748537.cms">over four years</a>. Developed by the Defence Research and Development Organisation (<a href="https://drdo.gov.in/robotics">DRDO</a>) in collaboration with IdeaForge. In addition to the Delhi Police using drones to surveil Old Delhi, they are also being used to monitor the situation at Shaheed Park near ITO. Drones were also employed two days ago to monitor crowds in <a href="https://economictimes.indiatimes.com/news/politics-and-nation/seelampur-violence-delhi-police-uses-drones-to-monitor-situation/articleshow/72854463.cms">Seeemalpur areas</a> where there were reports of arson and violence. 
	
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 Earlier this year, drones were also used to carry out surveillance in parts of New Delhi where there was a threat of agitation after the Supreme Court verdict on the Ayodhya land dispute as well to monitors sections of East Delhi and Trilokpuri during the Lok Sabha election. 
 
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 The buzzing drones may further infuriate the crowds Even though the drones are employed as a ‘<a href="https://www.businessinsider.in/tech/news/drone-technology-uses-and-applications-for-commercial-industrial-and-military-drones-in-2020-and-the-future/articleshow/72874958.cms">surveillance</a>’ measure — they only seem to be instigating the crowds in Old Delhi. When one of the drones flew over All India Student’ Association (AISA) and Swaraj Abhiyan protestors looking to reach the Red Fort — the throng got even louder shouting, clearing and clapping at the passer-by in the sky, according to PTI. See also: <a href="https://www.businessinsider.in/india/news/indian-citizenship-bill-challenged-by-iuml-in-supreme-court-one-day-after-passing-rajya-sabha/articleshow/72487481.cms">India's Citizenship Act gets challenged at the Supreme Court barely a day after passing Parliament</a> <a href="https://www.businessinsider.in/politics/news/what-is-citizenship-bill-and-how-does-it-affect-religious-freedom-in-india/articleshow/72362487.cms">What is Citizenship Bill and how does it affect religious freedom in India?</a> <a href="https://www.businessinsider.in/tech/news/drone-technology-uses-and-applications-for-commercial-industrial-and-military-drones-in-2020-and-the-future/articleshow/72874958.cms">Drone technology uses and applications for commercial, industrial and military drones in 2020 and the future</a> <a href="https://www.businessinsider.in/business/news/ril-arm-acquires-51-78-pc-stake-in-asteria-aerospace-for-rs-23-12-cr/articleshow/72528537.cms">Reliance Industries is getting into drones with its new purchase</a>

Police using drones to identify key protestors⁠— and it may lead to harassment in the future

By Deepak PatelNew Delhi, Apr 13 () With India under lockdown to stem the spread of coronavirus, drones are proving to be a crucial tool in the functioning of law enforcement authorities and other government agencies which are deploying these Unmanned Aerial Vehicles for carrying out surveillance, sanitisation and to reach out to people, minimising the risk of infection for their personnel.While Gujarat Police is using 200 drones across the state to monitor people's movements, Delhi Police has deployed them to ensure people follow social distancing in Asia's largest fruit and vegetable wholesale market Azadpur Mandi. Municipal authorities in Madurai are utilising them to disinfect areas near the coronavirus wing of a city hospital.These are only a few examples of UAVs being used in the fight against coronavirus.However, government agencies aren't the only ones to tap into technology in these tough times, media organisations are also using drones to show people confined indoors the impact of the world's biggest lockdown."It is fair to assume that out of 20,000 drones registered with the government, about 450-500 drones are already being used all across India to assist different states and law enforcement agencies," Smit Shah, Director - Partnerships, Drone Federation of India (DFI) told .The DFI is an industry body that has companies like Asteria Aerospace, Quidich Innovation Labs, AutoMicroUAS, Aarav Unmanned Systems and Indrones as its members."Drone startups have come out and extended their support to the government on a no-cost basis. Most of the drone service providers are not charging for the services they are providing," Shah noted.India has remained under lockdown since March 25 to contain the spread of COVID-19, the disease caused by coronavirus, which has so far infected 10,815 people and claimed 353 lives in the country.On Tuesday, Prime Minister Narendra Modi announced that the lockdown, which was originally for 21 days, will be extended by 19 days to May 3 as the measure has produced a significant outcome in containing the infection.Shah said drones are being used for carrying out a host of tasks like surveillance to ensure that people are maintaining social distancing, spreading awareness about COVID-19 in densely populated areas, spraying disinfectants and checking people's temperature.During the initial days of the lockdown, drones were used by the Jammu and Kashmir administration to announce restrictions on movement of people in Srinagar's busy Lal Chowk.Delhi Police is also using drones to monitor people's movements in Ghazipur Mandi, which witnesses a steady stream of buyers throughout the day.The municipal corporation of Warangal in Telangana has collaborated with a private company, Binford Robotics, to deploy its UAVs for surveillance and spraying disinfectants in the city.According to experts, as the number of coronavirus cases in the country mounts, the use of the UAVs is also expected to rise.Ankit Mehta, co-chair of a FICCI committee on drones, told , "Right now, the need of the hour is that the Ministry of Home or state police departments should take a call on whether they need drones with megaphones as a reinforcement tool, otherwise their containment strategies won't work.""This is the time to go for mass procurement and leverage the entire drone production capability of the country. It will take us two-three weeks to start delivering," said Mehta, who is also the CEO of ideaForge, a drone manufacturing company.He called for stepping-up the use of drones."Containment zones are going to be around for a while, and they are going to extend because it is a contagious virus. What is required is 24x7 deployment of drones for surveillance to enforce containment and not sporadic usage."My estimate is that we have 640 districts. If about 2,000 drones are inducted, assuming that each district needs around 3 drones, we can enable a broad level of persistent surveillance in the major containment zones," he said.Mehta said several state police departments are already customers of ideaForge and they had procured surveillance drones well before the lockdown."Some of these departments, which were planning to place orders with us, have asked us to deliver drones quickly since the beginning of lockdown," he said.DFI's Shah, however, recommended incentivising the approximately 20,000 drone operators who are registered with the Ministry of Civil Aviation."This would be much more cost-effective for the governments as against procuring new drones at this time as that would involve management of equipment, training programmes and capacity building, which might not be feasible as of now," he said.For media organisations too drones are proving to be a boon at a time when many parts of the country have been sealed and are out of bounds for outsiders.Remote-controlled UAVs allow media organisations to shoot videos or click photographs and cover various aspects of the lockdown.For instance, The Times of India's Chennai supplement on Sunday posted online a 5-minute video, which was shot using drones, showing how the once-bustling city has come to a standstill during the lockdown.A senior executive of a news organisation said the media companies in India generally use "micro drones", which weigh between one to two kgs."The drones are registered with the central government. Before deploying them, a news organisation generally takes permission from the local police department," the executive said.News organisations also make sure that while recording a video, the drone does not enter any restricted areas like an airport's airspace, etc, the executive noted. DSP DIV

Drones: The invincible frontline workers in India's fight against coronavirus

<img class="gwt-Image" src="/photo/56215408.cms" /><keyword id="6354512" type="CITY" weightage="100" keywordseo="Infosys">Infosys</keyword> recently made an investment in ideaForge, an Indian startup focused on Unmanned Aerial Vehicle solutions. 
 
IdeaForge has built a globally ompetitive UAV solution featuring fully autonomous operation, cutting edge fail-safe technology, high endurance, image intelligence with live feed, and support for complex payloads such as thermal and high-resolution imagery. 
 
IdeaForge’s UAVs have been widely deployed by the Indian Armed Forces for surveillance, crowd monitoring and rescue operations, and offer a compelling solution for commercial applications in verticals such as energy, utilities, telecom and agriculture. 
 
"ideaForge’s high performance UAVs, which have been designed and built in India, have significant potential in industrial use cases. We are looking forward to working with ideaForge and bringing their technology, expertise, and solutions to our clients to unlock new business insights from operational data that has previously been difficult to obtain," said Ritika Suri, Executive Vice President &amp; Global Head of Corporate Development &amp; Ventures at Infosys. 
 "We are very excited to have Infosys as an investor and a partner for exploring UAV services and solutions for global customers. This partnership will play an important role in our industrial expansion to address a wide variety of data acquisition and analysis needs," said <keyword id="203270" type="PERSON" weightage="20" keywordseo="Ankit-Mehta">Ankit Mehta</keyword>, Co-founder and Chief Executive Officer at ideaForge. 
 
The investment is subject to receipt of regulatory approvals and customary closing conditions.

Here's what made Infosys invest in this drone startup incubated at IIT-Bombay and IIT-Ahmedabad

<ul><li>The Indian government has started to give <keyword id="10817184" type="UNKNOWN" weightage="20" keywordseo="defence-procurement-contracts">defence procurement contracts</keyword> to micro, small and medium enterprises (MSMEs).</li><li>Dassault Group's software services subsidiary called <keyword id="181533" type="COMPANY" weightage="20" keywordseo="Dassault-Systemes">Dassault Systemes</keyword>, which already works with companies like NASA, Airbus and Boeing, sees this as an opportunity to enable these MSMEs to deliver on these contracts.</li><li>It is currently in early talks to set up a ‘common shared infrastructure model’ with state governments — like Uttar Pradesh and Tamil Nadu — where MSMEs can design, test and start rolling out technology-enabled defence products.</li></ul>Everyone in India knows that French fighter jet maker <keyword id="230239" type="COMPANY" weightage="20" keywordseo="Dassault-Aviation">Dassault Aviation</keyword> clinched the deal with India to deliver Rafale, despite all the controversies surrounding it. But, did you know that its parent company, the Dassault Group, has a subsidiary that provides engineering software, much like Microsoft and Oracle — and has an office in India? The software offshoot, Dassault Systemes, is looking to make roadways into the country by capitalising on the Modi administration’s push on <a href="https://www.businessinsider.in/policy/economy/news/difference-between-narendra-modi-make-in-india-and-atma-nirbhar-and-why-the-latter-may-work-better/articleshow/77629449.cms">Atma Nirbhar Bharat</a> (Self Reliant India). Under the massive reforms introduced last year, the Indian government is now handing out <a href="https://www.businessinsider.in/budget/news/prime-minister-narendra-modi-signals-big-defence-budget-allocation-for-make-in-india/articleshow/80511082.cms">defence procurement contracts</a> to micro, small and medium enterprises (MSMEs) to boost domestic defence manufacturing. “The Ministry of Defence (MoD) has planned to invest about 63% of the outlay for 2021-22 — about ₹70,221 crore — on domestic procurement. This increase will have a positive impact on enhanced domestic procurement, having a multiplier effect on our industries, including MSMEs and startups,” said Defence Minister <a href="https://twitter.com/DefenceMinIndia/status/1363720075467841540">Rajnath Singh</a> during a webinar on February 22. A ‘Fund of Funds’ worth ₹10,000 crore has been specifically created for startups and MSMEs. <table style="border-width: initial; border-style: none; width: 468pt; table-layout: fixed;"><colgroup></colgroup><col /><col /><col /><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Company </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Defence procurement contract </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Item </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">ideaForge </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹ 145 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Unmanned aerial vehicles for high altitude areas </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Bharat Forge </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹178 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Kalyani M4 vehicles </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">OshoCorp Global </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹ 1,325 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Develop and supply auxiliary power units (APUs) for T-72 and T-90 main battle tanks </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Alpha Design Technologies </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹ 590 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Digitise Pechora missile and radar systems </td></tr></tbody></table>Source: Various reports Dassault Systemes wants to capitalise on this opportunity by introducing what they call a ‘common shared infrastructure model’, which essentially an <a href="https://www.3ds.com/insights/customer-stories/wichita-state-university">innovation centre</a>. It is currently in early talks with state governments⁠ looking to set up defence industrial corridors. Namely, Uttar Pradesh and Tamil Nadu as identified by India’s Finance Minister <a href="https://pib.gov.in/Pressreleaseshare.aspx?PRID=1579096">Nirmala Sitharaman</a>. “We’re working with the government to create a ‘common shared infrastructure model’, where the government and Dassault Systemes will invest to create the model. MSMEs will leverage the model and the technologies that are hosted there, so that they also get elevated in the technology adoption scale,” Ravikiran Pothukuchi, the Director of Dassault Systemes told Business Insider in an exclusive interview. Dassault Systemes is already the second-largest player in the global market when it comes to computer-aided design (CAD) software after Siemens. This is basically the use of computers to help with the creation, modification, analysis and optimisation of a product. <div type="image" title="dassault systemes market share" msid="81183311" hostid="261" caption="&amp;lt;p&amp;gt;Dassault Systemes global market share&amp;lt;/p&amp;gt;"></div> Its clients include bigwigs like Boeing, Airbus, the National Aeronautics and Space Administration (NASA) and its sister company, Dassault Aviation. In India, its clients include Ashok Leyland, Suprajit — India’s largest cable maker — and drone manufacturer General Aeronautics. <div type="image" title="snapshot-1614137962426" msid="81183342" hostid="261" caption="&amp;lt;p&amp;gt;Distribution of Dassault Systemes&amp;#39; customers across countries&amp;lt;/p&amp;gt;"></div> “What we realised is that the defence ecosystem of MSMEs [micro, small and medium enterprises] don't have the wavelength to invest in these technologies,” Ravikiran Pothukuchi, the director of Dassault Systemes told Business Insider in an exclusive interview. What is a ‘common shared infrastructure model’? A ‘common share infrastructure model’ is basically a stage where defence manufacturing companies and startups can come, toy with their ideas, and test their concepts — both in the virtual and physical world. “[The companies] take back their learnings and industrialise at a mass scale in their operations set up,” explained Pothukuchi.”That’s the idea that we’re discussing locally as well. There are some governments that have shown interest.” The French IT software services company already has a similar set up in the US state of Wichita in collaboration with the Wichita State University. The state of Wichita is the aerospace hub of the US, like Bengaluru. “Initially, governments are helping them to adapt to these technologies and we’ll become relevant to them at a later date. That is an investment we’re making along with the government,” the IIM-Bengaluru graduate told Business Insider. He hopes that the project to roll out the model will take shape within the next few months. SEE ALSO: <a href="https://www.businessinsider.in/tech/enterprise/news/datacracy-microsoft-ceo-satya-nadella-calls-for-a-common-set-of-global-rules-governing-data-not-fragmented-local-ones/articleshow/81176502.cms">Datacracy: Microsoft CEO Satya Nadella calls for a common set of global rules governing data— not fragmented local ones</a> <a href="https://www.businessinsider.in/science/space/news/indian-space-startup-pixxel-wont-be-launching-its-satellite-on-february-28/articleshow/81170896.cms">Indian space startup Pixxel won’t be launching its satellite on February 28</a>

INTERVIEW: Dassault Group has an India software services unit offering defence MSMEs a digital ‘trial room’ where they can test their products to bag more contracts

The makers of the drone '<keyword id="116774" type="COMPANY" weightage="20" keywordseo="Rancho">Rancho</keyword>' seen in the movie <keyword id="6373971" type="ENTERTAINMENT" weightage="20" keywordseo="3-idiots">3 idiots</keyword> have created several <keyword id="6370270" type="ORGANIZATION" weightage="20" keywordseo="unmanned-aerial-vehicles">unmanned aerial vehicles</keyword> that are being used by Indian defence forces and in intelligence and surveillance ops. 
 
A team of four IIT alumni - Ankit Mehta, Rahul Singh, Ashish Bhat, and Vipul Joshi - started a company called ideaForge in 2007 to give their dream wings. They were working on developing technologies back in college and had many ideas they wanted to convert into products by the time they graduated. 
<img class="gwt-Image" src="/photo/57390622.cms" /> 
In 2008, recognition from government came to them when they won a Micro Aerial Vehicle competition at Massachusetts Institute of Technology, USA. Thereafter, they landed with several government projects, one of which wa NETRA – a vertical takeoff and landing UAV built on quadrotor configuration that the team developed in collaboration with Defence Research and Development Organisation. 
<img class="gwt-Image" src="/photo/57390628.cms" /> 
 This UAV could take off from a small area and could fly over an area up to the height of 400m sending continuous real time videos of movements on the ground. It was this early prototype of NETRA that you had seen during the shoot of 3 Idiots. The movie director of 3 idiots had read about the drone and work by <keyword id="137562" type="PERSON" weightage="20" keywordseo="IITians">IITians</keyword> in the newapaper. 
 
In 2009, ideaForge developed the world’s smallest and lightest autopilot drone and also came up with India’s first fully autonomous vertical takeoff and landing UAV. In this, a user feeds the GPS location of the required destination, which is then converted into command and instructions and the UAV reaches the location autonomously. 
 The UAV's made by this team are typically easy-to-use, so they can be used easily during emergencies. So far, they have been used by the <keyword id="6354416" type="ORGANIZATION" weightage="20" keywordseo="Indian-Army">Indian Army</keyword> to look for survivors after the deadly Uttarakhand floods back in 2013, to map the positions of militants during defence ops, for disaster management during the Nepal earthquake, and to manage crowds during the Kumbh mela. One of ideaForge’s <keyword id="94769" type="UNKNOWN" weightage="20" keywordseo="drones">drones</keyword> also helped in tracking a man-eating tigress in Uttarakhand.

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