Business

After Op Sindoor success, Indian drone startup raises massive $100 million

UAV manufacturing startup Raphe mPhibr, whose drones participated in Operation Sindoor, has raised…

Ministry notifies private security guards as skilled & highly skilled workers

Ministry of Labour & Employment, Government of India vide its Gazette notification dated 19th…

Government Sets Minimum Floor Price For Minimum Wage Based Manpower Outsourcing

In a communication via an Office Memo No.F.6/1/2023-PPD dated 6th January, 2023 to the Chief…

Assa Abloy appoints Nico Delvaux successor to Johan Molin

The Board of Directors of Assa Abloy AB has appointed Nico Delvaux as the new President and CEO of Assa Abloy AB, effective June…

Customs duty on colour TVs, phones, microwave ovens hiked; move hailed

Imported electronic goods including colour television sets, mobile phones, microwave ovens and LED lamps are set to become more…

Finance ministry directs GST commission to look into the service tax woes of PSIs

The Commissioner of Service Tax on directions of the Finance Ministry has directed the Directorate General GST to look into the…

Cash transit firms yet to get Rs 25 crore from banks for services during note ban

More than a year after the note ban, Cash in Transit (CIT) companies are waiting for payment of about Rs 25 crore from banks for…

China defence industry is fastest growing in Asia

China, Japan and Australia top the tables for defence industrial capabilities in Asia Pacific, according to a report on the new…

Videocon arm V-Con plans to boost CCTV sales

V-Con, an arm of the Videocon Group, is aiming to become one of the top three players in the close circuit television (CCTV)…

Higher wages for Singapore security officers from 2019

Private security officers will be paid up to S$300 more over three years starting 2019, after the government accepted…

Smiths Detection wins US customs & border protection contract

Smiths Detection Inc. has won orders totaling $7.1 million for HCVM e35 NA and Scanvan technologies under existing indefinite…

Chubb to sell 100% of its SA stake ahead of controversial new security laws

US-owned security company Chubb will sell 100% of its South African business to a black economic empowerment consortium led by…

FICCI-PwC release report on private security industry

A FICCI-PwC report, titled Indian private security industry: Preparing for the next leap was released by Shri Dharmendra Pradhan…

China dominates global physical security market

The recently published IHS Markit Physical Security Equipment & Services Report estimates that the global market for physical…

Magal awarded $3.5 million in contracts for Integrated Security Solutions for Airports

Magal Security Systems, Ltd. has announced that it has recently received orders totalling approximately $3.5 million. These…