Air force’s SU – 30 MKIs to be upgraded

Air force’s SU – 30 MKIs to be upgraded

The Indian Airforce has decided to upgrade its SU- 30 MKI, in collaboration with Russian firm, The SU – 30 MKIs were first introduced in the 90s. The SU- 30s were introduced in four phases. The ones that are to be upgraded now are from the first phase.

The SU – 30 MKIs are variants of the Sukhoi SU – 30 that was jointly manufactured by Russia’s Suhkoi corporation and India’s Hindustan Aeronautics Limited (HAL) for the Airforce. The MKI's airframe evolved from that of the Sukhoi SU – 27 while most of the avionics were developed by India

Of the 50 aircrafts are in line to be upgraded, only five will be sent to Russia. The rest will be refitted in India itself. This revamping is a part of the modernization program. The aircraft will be upgraded to the latest standards and equipped with modern avionics and various other capabilities. Sources from the defense ministry have said,” "As part of IAF's modernisation programme, we are going to upgrade 50 Sukhoi-30 MKI aircraft with help of original equipment manufacturers (OEMs) from Russia,"

Sources say that the airframes of these aircrafts will be strengthened to handle the 290 km range of a BrahMos supersonic cruise missile. The Airforce is already upgrading its two main fighter aircraft fleet of 60 MiG 29s and is all set to sign a deal for around USD two billion deal with France to upgrade its 50 Mirage aircraft.

The Jaguar, MiG-27 and MiG-21 fleets have already been upgraded by the air force.

The Defense Ministry intends to upgrade its machines and will complete the program in the next three to four years.


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Reliance Industries Purchase an Additional 0.68% Interest in EIH Ltd.

Reliance Industries Purchase an Additional 0.68% Interest in EIH Ltd.

Owner of Energy giant Reliance Industries, Mukesh Ambani has put in an extra 0.68% in EIH Ltd. With this, his total stake in the hotel chain has increased to 14.8%. In a filing to the Bombay Stock Exchange, EIH said that the shares were purchased from the market on Tuesday.

Shares of Reliance surged 0.3% at Rs. 939.3 in proportion to the Mumbai market at 1.26pm, while EIH shares witnessed a 4.5% rise at Rs. 150.2.

On Monday, Reliance was quoted saying that it is widening its horizon and has procured 14.12% stake in EIH for a sum of $217.5 million.

Bajaj Auto Records 55% Surge in Sales of Vehicles in August

Bajaj Auto Records 55% Surge in Sales of Vehicles in August

On Thursday, Bajaj Auto posted a 55% increase in its sales of vehicles. In the month of August, the Company recorded sales of 3,29,364 vehicles, compared to 2,13,072 units in the same month the year before.

Last month, 2,89,176 two wheelers were sold by Bajaj Auto, a big surge than 1,82,441 units, which were sold in August 2009. The Company’s cumulative sales of two wheelers for the time frame between April and August 2010 increased by 68% and were recorded at 1,397,348 units. The number was high from 833,235 units that were retailed during the same period last year.