India’s Quest To Export LCA TEJAS Hits ‘Roadblock’; HAL Must First Meet Indian Air Force’s Needs

India’s Quest To Export LCA TEJAS Hits ‘Roadblock’; HAL Must First Meet Indian Air Force’s Needs

India’s quest to emerge as a net exporter of arms will depend on its ability to sell the ‘Tejas’ aircraft to friendly foreign nations. But that ambition must wait at least a decade or more as the Light Combat Aircraft’s manufacturer is busy supplying these fighters to the Indian Air Force (IAF) and developing the […]
Continue reading...

Petra confident of medium-, long-term lift in market

Petra confident of medium-, long-term lift in market

In a diamond market that is softer than anticipated, London-listed Petra Diamonds is moving ahead with confidence despite a downturn in its financial performance for the year ended June 30, 2023. While the industry faces short-term challenges, including ongoing global economic uncertainty, Petra CEO Richard Duffy maintains confidence in the medium to long-term outlook for the company amid a long-term structural deficit, the resilience of the high-end luxury goods segment and the rarity and finiteness of natural diamonds.
Continue reading...