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11. Which Bangalore-based firm supplied the indigenous chip-based 4G mobile base station to the Indian Army?
Signaltron, a Bangalore-based firm, provided the indigenous chip-based 4G mobile base station to the Indian Army. This base station, known as Sahyadri LTE, incorporates chips developed by Signalchip, an Indian semiconductor company. This development marks a milestone as it is the first time an Indian system using locally developed chips has been adopted for complex communication technology within the military. Signaltron's solution, procured through the government e-marketplace portal, underscores India's move towards self-reliance in critical defence technologies, enhancing security and operational control.
12. Which financial institution increased its stake in IDFC First Bank to 2.68%?
Life Insurance Corporation of India (LIC) raised its stake in IDFC First Bank to 2.68% by acquiring additional shares through a private placement offer. This move underscores LIC's strategy to strengthen its investment portfolio in the banking sector, enhancing its position as a major shareholder in IDFC First Bank.
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