A national rollout will take place after the pilot test in which SBI, PNB, Axis Bank, Bank of Maharashtra, Canara Bank, Kotak Mahindra Bank, IndusInd Bank, ICICI Bank, HDFC Bank, Indian Overseas Bank and Punjab & Sind Bank are participating.
However, these are understood to be exploratory talks, with an agreement unlikely to be formalised during the current visit.
This is the fourth peacetime crash of an IAF jet in 2025 so far.
Sebi has proposed allowing depositories to mark such pledged shares as 'non-transferable' for the duration of the lock-in period, based on instructions from the issuer.
'An asset must generate income. Equities yield dividends, bonds pay coupons, deposits give interest, and real estate earns rent.' 'Gold, silver, and even Bitcoin produce no income, they merely store value. So, they should not be compared to productive assets.'
'Reinvention is not a hugely difficult task. With technology as available today, you can reinvent yourself pretty quickly.'
'When you think of cross-border payments, the first things that come to mind are risk, compliance, taxation, speed, and cost.'
HAL executives said deliveries of the Tejas Mk1A to the IAF would begin within this year, but only after the successful completion of the weapons-firing trials currently underway.
At an estimated 1.9 billion in losses and over 5,000 UK organisations affected, the Jaguar Land Rover cyberattack has been labelled the most economically damaging cyber incident in UK history, exposing the deep vulnerability of interconnected supply chains.
HAL has assured the IAF that 12 Mk1A aircraft will be delivered by the end of 2025-2026.
The principal problem lies in lack of training infrastructure and relatively lax safety standards.
'Threat assessment, intelligence analysis, (battlefield) situation review -- what has transpired in the last three hours -- was conducted with the help of AI.'
'India has the capital to invest in defence production.' 'With clear timelines and commitments, private industry can deliver surge capacity effectively.'
This is seen as the first concrete opportunity to break HAL's monopoly in combat aircraft manufacturing, potentially opening the door to a private-sector fighter jet producer.
'You can observe a lot of things from space.' 'Another thing is communication, in real time, especially in war-like situations.' 'During Operation Sindoor, we could play our part well.'
'The frenzy for gold is primarily due to the uncertainty surrounding the tariff war.'
HAL aims to raise output from the current ceiling of 24 aircraft a year to 30 by the end of 2027
'It can be two months, a year, or even five years. We need to be prepared.'
Defence Procurement Manual 2025 lays down the guiding principles for revenue procurements in the defence ministry worth around 1 trillion in a financial year.
'But that was not our aim. Our objective was already achieved.'
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