Even after 10 years of its production, the indigenous Advanced Light Helicopter Dhruv still depends heavily on imports as most of its components are procured from foreign sources, the Comptroller and Auditor General (CAG) has said.
The collegium, also comprising Justices Sanjay Kishan Kaul, Sanjiv Khanna, B R Gavai and Surya Kant, recommended the names of Delhi high court Chief Justice Satish Chandra Sharma, Rajasthan high court Chief Justice Augustine George Masih and Gauhati high court Chief Justice Sandeep Mehta as top court judges.
Concerned over the practice of banks and Non-Banking Financial Companies (NBFCs) using penal interest as a revenue enhancement tool, the Reserve Bank on Friday came out with modified norms, under which lenders would be able to levy only "reasonable" penal charges in case of default in repayment of loans. The banks and other lending institutions will not be allowed to levy penal interest with effect from January 1, 2024, the RBI said in its notification on 'Fair Lending Practice-Penal Charges in Loan Accounts'. "Penalty, if charged, for non-compliance of material terms and conditions of loan contract by the borrower shall be treated as 'penal charges' and shall not be levied in the form of 'penal interest' that is added to the rate of interest charged on the advances," RBI said in a notification.
ABB India's March quarter results (Q1CY24) were led by strong margin performance. Revenue was, however, largely in line with estimates at Rs 3,080 crore (up 28 per cent Y-o-Y and up 12 per cent Q-o-Q). The growth was across electrification (30 per cent Y-o-Y), process automation (73 per cent Y-o-Y) and robotics & motion (8 per cent Y-o-Y).
HCL Tech was the top gainer in the Sensex pack, rising over 4 per cent, followed by HDFC Bank, Infosys, NTPC, Nestle India, TCS and HUL. NSE Nifty surged 337.80 points to 14,845.10.
India's economic growth prospects should remain strong over the medium term, with GDP expanding 6-7.1 per cent annually in fiscal years 2024-2026, S&P Global Ratings said on Thursday. In a report titled 'Global Banks Country-By-Country Outlook 2024', S&P said the banking sector's weak loans will decline to 3-3.5 per cent of gross advances by March 31, 2025, on the back of structural improvement, including healthy corporate balance sheets, tighter underwriting standards and improved risk-management practices. Interest rates in India are unlikely to rise materially, and this should limit the risk for the banking industry, it added.
Group to enter education, invest `100 cr to begin with.
Maruti recorded a 13.12% year-on-year surge in average revenue earned per car in 2023 compared to M&M's 7.56%, Hyundai's 6.76% and Tata Motors' 1.88%.
The on-time performance (OTP) of Indian carriers took a major dip in January as dense fog foiled their flight schedules. According to data from the Ministry of Civil Aviation reviewed by Business Standard, five out of six major Indian carriers - IndiGo, Air India, AIX Connect, Akasa Air, and Vistara - recorded their lowest OTPs in at least the last 11 months. In response to queries, an Air India spokesperson said that during this winter, northern India experienced unusually prolonged periods of dense fog affecting traffic at the airline's two largest hubs -- Delhi and Mumbai.
Around 1.5 crore polling and security personnel, about 55 lakh EVMs and four lakh vehicles will be deployed for the polls, according to the poll authority.
Delhi Police on Monday arrested one of National Investigation Agency's (NIA) most wanted terrorists Mohammad Shahnawaz Alam and his two associates who were part of an Inter-Services Intelligence (ISI)-sponsored module 'disguised' as an Islamic State (IS) module and seized incriminating material, including those suspected to be used in an improvised explosive device (IED) fabrication, officials said.
The International Conference on Performance Wear and Functional Textiles presented the Technical Textiles Accomplishment Award to Professor Seshadri Ramkumar of Texas Tech University.
'For the first time ever it has come below 1 per cent, at 0.97 per cent.'
Parents who give their daughters-in-law a hard time for not being able to fulfil their desire of "preserving their family tree", need to be educated that it is their son and not his wife whose chromosomes will decide the child's gender, the Delhi high court has observed.
The Reserve Bank India's (RBI's) decision to ban the onboarding of new accounts on the "bob World" mobile digital platform led to a selloff in the Bank of Baroda (BoB) stock. The stock of the public sector bank dropped by around 3 per cent. The central bank cited "material supervisory concerns"; news reports claimed mobile numbers were randomly linked to accounts to purportedly inflate registrations on bob World.
India and Vietnam are vying with each other to woo semiconductor companies to their country. With the tension between the US and China escalating, and Taiwan getting vulnerable both countries are trying to present themselves as alternative destinations for global players. Vietnam, which started the effort as early as 2010, has got a leg-up after US President Joe Biden's visit last month.
The Delhi high court on Wednesday observed that the telecast of the recording of narco analysis conducted on Aaftab Amin Poonawala, the sole accused in the Shraddha Walkar murder, will prejudice the case and restrained all news channels from displaying or playing content of the charge sheet filed in the matter.
The crises of the 21st century, 9/11, the economic meltdown, COVID-19, Russia-Iran war and the Hamas-Israel war seem to be never ending. In this situation, Iran might be contemplating a nuclear deterrent to defend itself, observes Ambassador T P Sreenivasan, the distinguished long-time Rediff contributor who turns 80 on June 17..
In an affidavit filed in the apex court, the Union law ministry rejected the petitioner's claim that the two election commissioners were hastily appointed on March 14 to "pre-empt" the orders of the top court the next day, when the matters challenging the 2023 law were listed for hearing on interim relief.
The Centre recently released the first advance estimates of kharif crops that, barring tur dal, showed a dip in production due to uneven monsoon and other natural calamities including pest attacks in cotton. The first Advance Estimates, released a few weeks back, are usually initial projections on the crop size and, more often than not, are revised as more inputs come from the fields. But, the findings have rung alarm bells in several quarters. The Centre, along with many others, is confident that as more details come, the estimates will be revised upwards.
Consistent practice is crucial for retaining math concepts and formulas, says rediffGURU CAT expert Ashish Sood.
"On space, we will be able to announce that India is signing the Artemis Accords, which advance a common vision for space exploration for the benefit of all humankind," a senior administration official said hours before the meeting between Prime Minister Narendra Modi and President Joe Biden in the Oval Office.
The Delhi high court on Wednesday sought to know from news channel Aaj Tak why it wanted to telecast the recording of narco analysis conducted on Aaftab Amin Poonawala, the man accused of strangling his live-in partner Shraddha Walkar and dismembering her body.
The top 25 global technology (tech) firms, including Apple, Microsoft, Amazon, Tencent, Samsung, Oracle, and Accenture, collectively lost over $600 billion in market capitalisation (m-cap) during the July-September quarter (third quarter, or Q3) of calendar year 2023 (CY23), reveals a recent report by GlobalData, a London-based analytics and consulting company.
Hindustan Aeronautics Limited on Wednesday handed over the first LCA Tejas twin-seater aircraft to the Indian Air Force.
IIT Kharagpur will start an institution on intellectual property laws to educate students on protection and exploitation of technological IP and it will known as Rajiv Gandhi School of Intellectual Property Laws.
There is no near-term respite for the country's largest fast-moving consumer goods maker, Hindustan Unilever (HUL), which is facing multiple challenges on the growth front. With demand showing no signs of improvement, especially in the rural segment, the October-December quarter (Q3) of 2023-24 (FY24) is likely to be similar to the previous quarter, with volume growth in the low single digits. The stock, which is down 7 per cent over the past year compared to the 11 per cent jump for the S&P BSE Sensex, could underperform the benchmark in the near term as well.
India does not have the facilities needed for developing advanced aerospace products. There is only one wind tunnel in the country, the almost six decade old one in the National Aeronautics Laboratory.
We have the workforce, now we need to ensure that we take full advantage of game-changing technologies and geopolitical openings, suggests Jayant Sinha, chairman, Parliament's Standing Committee on Finance.
The panel headed by Justice (retired) Ritu Raj Awasthi has submitted its report to the government, calling for an exhaustive overhaul of the law.
'There is an eminently fertile ground that perpetrators must be finding in our society.'
A field hospital set up by the Indian Army in Hatay province of quake-ravaged Turkiye has become operational with surgical and emergency wards to provide succour to the affected people, days after a 7.8-magnitude earthquake and several powerful aftershocks hit that country.
'From our survey we found that there was a problem in the agricultural sector and drones could solve the problem.'
In the wake of the accident off the Mumbai coast two days ago, the defence forces have halted the operations of the Advanced Light Helicopter (ALH) Dhruv till the time investigators find the reason for the incident and precautionary checks are carried out.
Here are list of some of the big ticket announcements.
"The experience was incredibly enriching, significantly bolstering my confidence in our country's indigenous capabilities, and leaving me with a renewed sense of pride and optimism about our national potential," he said.
The seven women wrestlers on Wednesday moved the Supreme Court seeking permission to file an affidavit in sealed cover.
The discovery of a material that maintains a rechargeable sulphur cathode helps to overcome a primary hurdle to building a lithium-sulphur (Li-S) battery.
Innovation ranging from exterior designs of vehicles to EV charger locks grabbed eyeballs at the expo
During these seven decades, the IAF has lost 2,374 aircraft to crashes. They include 1,126 fighters and 1,248 non-combat aircraft. In addition, 229 trainers and 196 helicopters have crashed. These crashes have resulted in the deaths of 1,305 skilled pilots, note Ajai Shukla and Devesh Kapur.
