The Indian Air Force's Tejas light combat jets are scheduled to return to the skies next week after being grounded for two months due to a software glitch. HAL expects to deliver over 20 Tejas Mark 1A variants by December, but delays persist due to engine supply issues.
Defence Procurement Manual 2025 lays down the guiding principles for revenue procurements in the defence ministry worth around 1 trillion in a financial year.
'The government is actively engaging with EU to ensure that concerns of Indian companies and hard-to-abate sectors are adequately addressed under CBAM'
The Delhi government's Anti-Corruption Branch (ACB) has registered a case against former PWD minister and senior AAP leader Satyendar Jain over alleged corruption in a Rs 571-crore CCTV project. According to the ACB, Jain allegedly accepted a bribe of Rs 7 crore to waive the liquidated damages penalty of Rs 16 crore imposed on Bharat Electronics Limited (BEL). The project, which was executed when he was a PWD minister in the previous Arvind Kejriwal government, was related to the installation of 1.4 lakh CCTV cameras across all 70 assembly constituencies.
National Commission concluded that false and baseless allegations had been made in the complaint to claim a highly exaggerated and atrocious amount of compensation.
The National Company Law Appellate Tribunal has dismissed an operational creditor's petition to initiate insolvency proceedings against Wipro Ltd. A two-member Chennai bench of the appellate tribunal held earlier that there was a pre-existing dispute over the payment between Wipro and the petitioner and observed that the Insolvency and Bankruptcy Code was not framed for being a "mere recovery legislation for creditors". The National Company Law Appellate Tribunal (NCLAT) has upheld the order of the NCLT.
If they are made accountable, bad loan cases will shrink dramatically, recoveries will rise, and the NCLT process will be more manageable, asserts Debashis Basu.
Anil Varshney, a Senior Systems Engineer with Huntsville missile defence contractor Parsons Corporation, recently filed a federal lawsuit alleging systemic discriminatory actions that left him jobless in October last year.
The bone of contention between the two sides relates to changes in the purchase terms.
After penalising new operators for not rolling out services on time, the Telecom Ministry may now turn the heat on incumbent players, who are yet to pay Rs 135 crore (Rs 1.35 billion) as Liquidated Damages, for similar lapses.
On whether government proposes to levy penalties on the Russian side for failing to stick to the delivery schedule, he said, "Liquidated damages clause for delays in delivery is incorporated in the contract. As per contract, LD is to be ascertained and levied within six months of ship's delivery."
Ranbaxy has also agreed to relinquish any 180-day marketing exclusivity that it might have for three pending generic drug applications.
Telecom tribunal TDSAT on Thursday reserved judgement on new operator Uninor's petition challenging Telecom Ministry's drive to impose penalty on telcos that did not roll out services within the stipulated period.
Out of 122 Unified Access Service licences awarded in 2008, as many as 85 licences were given to the six new entrants to the telecom sector.
The government will blacklist contractors who are responsible for delay in ongoing projects of airport modernisation."Tenders for capital work are not being issued to the contract agencies responsible for delay in projects," Civil Aviation Minister Praful Patel told the Lok Sabha. Patel said the terminal building projects at Jaipur, Udaipur, Srinagar, Vizag and Agatti have been delayed.
The group also lauded 'Sebi's active cooperation' in the matter.
If an employee bond is used to ensure that the employee never leaves, then it is illegal.
Suspense continued on Tuesday over whether the issue of Rafale fighter deal, which has been stuck over cost, will figure in talks that Prime Minister Narendra Modi will have with French President Francois Hollande during his visit beginning on Thursday.
British Parliamentarian Gerry Sutcliffe has raised Rs 246 crore dispute involving a Dutch broadcaster and authorities in New Delhi related to 2010 Commonwealth Games in UK Parliament and impressed upon the need of sending a "strong message that the company has been treated badly".
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