MoU signed for AI-enabled drone capabilities for Indian Army Land Systems
Bengaluru (PTI): The 515 Army Base Workshop (515 ABW) and IndyASTRA Technologies Private Limited have signed an MoU to fast-track Al-enabled drone capabilities for Indian Army Land Systems.
The MoU's aim is to enable technology infusion in drone manufacturing with a focus on Al-enabled Flight Control System (FCS) and a Standard Drone Operating Platform (SDOP), a statement issued by the Defence Public Relation Officer said.
"IndyASTRA will provide technical consultancy to 515 ABW for comprehensive evaluation of drone technologies. This includes subsystem reviews, integration readiness and compliance with Army standards,” the statement said.
515 ABW will route need-based requests for manufacturing trials, validation, and certification support to IndyASTRA with emphasis on interoperability, safety and standards conformity, it added.
The statement said that the Memorandum of Understanding (MoU) will strengthen indigenous capability and reduce import dependence for critical unmanned systems.
It will shorten time-to-field for Al-enabled drone solutions supporting Army operations. The model is designed to be replicable for future programs and related subsystems.
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Rupee falls 9 paise to all-time low of 90.58 against US dollar in early trade
Mumbai (PTI): Rupee depreciated 9 paise to an all-time low of 90.58 against US dollar in early trade on Monday, weighed down by uncertainty over an India-US trade deal and persistent foreign fund outflows.
Forex traders said rupee is trading with a negative bias as investors are in wait and watch mode and awaiting cues from the India-US trade deal front.
At the interbank foreign exchange market, the rupee opened at 90.53 against the US dollar, then fell further to an all-time intraday low of 90.58 against the greenback, registering a fall of 9 paise over its previous close.
On Friday, the rupee had slipped 17 paise to close at an all-time low of 90.49 against the American currency.
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.05 per cent lower at 98.35.
Brent crude, the global oil benchmark, was trading higher by 0.52 per cent at USD 61.44 per barrel in futures trade.
On the domestic equity market front, the 30-share benchmark index Sensex was trading 298.86 points lower at 84,968.80, while the Nifty was down 121.40 points at 25,925.55.
Foreign Institutional Investors sold equities worth Rs 1,114.22 crore on Friday, according to exchange data.
"FPIs continue to be in selling mode in equity and debt while RBI has been selling dollars to fund their long positions," said Anil Kumar Bhansali, Head of Treasury and Executive Director Finrex Treasury Advisors LLP.
