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[ad_1] Lockheed Martin, a major player in the defence and aerospace industries, and the Tata Group of India have signed a contract to construct fighter plane wings at their Hyderabad-based joint venture Tata Lockheed Martin Aerostructures Ltd (TLMAL). The Memorandum of Understanding (MOU), according to Lockheed Martin, calls for the manufacturing of 29 fighter wing shipsets, with the option of producing additional shipsets, with deliveries starting in 2025. "These wings are initially intended for the F-16 Block 70/72 jets and would be delivered to our US facility in Greenville, South Carolina, for inclusion into the production/final assembly line. However, the transfer of technology and manufacturing rigor that Lockheed Martin and Tata have demonstrated will transfer to the F-21 if/when selected by the Indian Air Force. We are proposing the F-21 for India, and these would be produced in India," a Lockheed Martin official told. Also read:  Lucknow-Bound AirAsia...

[ad_1] Last Updated: July 19, 2023, 11:08 IST Rekha Jhunjhunwala offloaded 97 lakh shares or nearly 5 percent stake in Rallis India Jhunjhunwala Portfolio: Rekha Jhunjhunwala sold a 5.5 per cent stake in Rallis India for Rs 230 crore on NSE Tata Group company Rallis India shares were in focus in trade on Wednesday after Rekha Jhunjhunwala sold a 5.5 per cent stake in Rallis India for Rs 230 crore on NSE. The purchase was executed through the stock exchange via block deal. The ace investor sold about 1.06 crore shares in Rallis India through a bulk deal on the NSE. Jhunjhunwala offloaded 97 lakh shares in the company at an average price of Rs 215.05 apiece, and 9,96,091 shares at an average price of Rs 220.35. All in all, the shares were sold at an average price of Rs 215.54 apiece, as per data available with the exchanges. Meanwhile, promoter Tata Chemicals bought 97 lakh shares or 4.99 percent of the paid-up share capital of Rallis India at an average price of Rs 215.05 per share...