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Updated: 1 hour 53 min ago

IAF successfully test-fires Rudra-II missile

May 29, 2024 - 5:56pm
India achieved a significant milestone in its defence capabilities as it successfully test-fired a RudraM-II air-to-surface missile from a Su-30 fighter jet of the Indian Air Force (IAF) off the coast of Odisha. The defence ministry confirmed that the flight-testing of the missile met all trial objectives, marking a crucial advancement in India's indigenously-developed solid-propelled air-launched missile system.Successful Flight Test Validates Indigenous TechnologiesThe RudraM-II missile incorporates state-of-the-art indigenous technologies developed by various DRDO (Defence Research and Development Organisation) laboratories. The successful flight-test, conducted at around 1130 hours on May 29, validated the propulsion system and control and guidance algorithm of the missile. The performance of the missile was confirmed through flight data captured by range tracking instruments including electro-optical systems, radar, and telemetry stations deployed at various locations, including on-board ships.Congratulatory Messages and Future ProspectsDefence Minister Rajnath Singh congratulated the DRDO, the IAF, and the industry on the successful test-flight of RudraM-II. He emphasized that this successful test has further consolidated the role of the RudraM-II system as a force multiplier for the armed forces. Secretary, Department of Defence R&D and Chairman, DRDO, Samir V Kamat also commended the DRDO team for their untiring efforts and contributions leading to the successful flight test.Rudram Missile - A Game Changer in Air-to-Surface MissilesRudram, India's first anti-radiation missile (ARM), is an Air-to-Surface missile developed by DRDO. ARMs like Rudram are designed to detect, track, and neutralise the enemy's radio frequency sources, including radar, communication assets, and other radio frequency sources. The missile uses a navigation mechanism consisting of a satellite-based Global Positioning System (GPS) and an inertial navigation system. It employs a "passive homing head" for guidance, enabling it to accurately strike targets even if the radiation source switches off during the engagement.Future Developments and Advanced VersionsWhile RudraM-1 primarily aims at Suppression of Enemy Air Defences (SEAD), advanced versions like RudraM-2 and RudraM-3 are under development with ranges of 350 and 550 km, respectively. The integration of Rudram missiles with fighter aircraft has been a collaborative effort of various DRDO facilities, IAF formations, and Hindustan Aeronautics Ltd. The development of these missiles began around eight years ago, with plans for future tests and inductions to enhance the IAF's air superiority tactical capability.The successful test-firing of the RudraM-II missile marks a significant achievement for India's defence capabilities. With ongoing developments and advancements in missile technology, India is poised to strengthen its position in the realm of air-to-surface missile systems, enhancing its national security and defence preparedness.
Categories: Business News

Tech View: Dark cloud pattern seen on Nifty charts. What traders should do on Thursday expiry

May 29, 2024 - 5:41pm
Nifty on Wednesday ended 183 points lower near the 22,700 level as the index formed a dark cloud cover candlestick pattern on the daily chart.Support for Nifty is now seen at 22,675-700 and 22,500 levels. On the higher side, the immediate resistance zone is at 22,825-850 levels and the next psychological resistance is at the 23,000 mark, said Tejas Shah of JM Financial & BlinkX.The maximum call open interest was placed at 23,000 strike while the maximum put open interest was placed at 22,500 strike.What should traders do? Here’s what analysts said:Jatin Gedia, SharekhanNifty is in the process of retracing the rise it has witnessed from 22054 to 23111. The 38.2% Fibonacci retracement level is placed at 22707. We expect the Nifty to recover over the next few trading sessions. We believe that this is a minor degree correction and not a trend reversal.Rupak De, LKP SecuritiesDuring the day, heavy call writing activities were seen at the 23,000 and 22,800 strikes, while put writing activities were visible at the 22,800 and 22,700 strikes. The option data suggests that Nifty might expire around 22,800. On the other hand, a fall below 22,700 might trigger additional selling pressure in the market. Immediate resistance is placed at 22,800.Osho Krishan, Angel OneNifty has breached the neckline of the recent breakout and is now heading towards the mean of the 'Rising channel' at 22600, followed by the 20-day EMA at 22500, which is to be considered as the crucial support level. On the higher end, the bearish gap of 22825-22860 is to be seen as an intermediate hurdle, while the sturdy wall stays at the 23000 mark.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Categories: Business News

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May 29, 2024 - 5:14pm
Categories: Business News

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