The fear of recession is doing the rounds and the World Economic Forum's annual summit in Davos but not every company is overtly concerned but the Indian auto giant Mahindra Group sees no fears of economic showdown or a recession. Mahindra Group CEO Anish Shah speaks on it.

WION at Davos 2023: 'Indian firms well positioned,' says Mahindra Group CEO Anish Shah

India&#39;s defence procurement agency has cleared a proposal to buy 145 M777 Ultra Lightweight Howitzer artillery guns from BAE Systems, a British multinational defence, security and aerospace company, in a deal worth an estimated $750 million, a defence ministry source said today. 
 
Under the deal, 120 of the 145 guns will be assembled in India, said the source, who asked not to be identified in line with defence ministry rules. 
 
Indian Prime Minister Narendra Modi wants to upgrade the country&#39;s military hardware by replenishing its range of artillery weapons after years of delays in ordering new equipment. 
 
But Modi wants deals with foreign companies to include the setting up of factories and plants in India to boost the local industry. 
 
BAE said in February it had chosen Indian conglomerate Mahindra Group to build a plant for the assembly of Howitzer artillery guns it hopes to sell to India. 
 
The source said the proposal would soon be communicated to the United States, where BAE manufactures the weapons. 
 
(Reuters)

Worth an estimated $750 million, India's defence procurement agency will buy M777 Ultra Lightweight Howitzer artillery guns from BAE Systems

India's defence procurement agency has cleared a proposal to buy 145 M777 Ultra Lightweight Howitzer artillery guns from BAE Systems, a British multinational defence, security and aerospace company, in a deal worth an estimated $750 million, a defence ministry source said today. Under the deal, 120 of the 145 guns will be assembled in India, said the source, who asked not to be identified in line with defence ministry rules. Indian Prime Minister Narendra Modi wants to upgrade the country's military hardware by replenishing its range of artillery weapons after years of delays in ordering new equipment. But Modi wants deals with foreign companies to include the setting up of factories and plants in India to boost the local industry. BAE said in February it had chosen Indian conglomerate Mahindra Group to build a plant for the assembly of Howitzer artillery guns it hopes to sell to India. The source said the proposal would soon be communicated to the United States, where BAE manufactures the weapons. (Reuters)

India clears deal to buy 145 artillery guns from British security firm

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WION at Davos 2023: 'Indian firms well positioned,' says Mahindra Group CEO Anish Shah

India clears deal to buy 145 artillery guns from British security firm