An Indian defence firm has refuted a report in The New York Times that linked the company to a Russian arms agency, calling it "factually incorrect" and "misleading". The report suggested that military hardware supplied by a British firm to the Indian company may have found its way to Rosoboronexport, the Russian state arms agency. The Indian firm said it has scrupulously followed all its international obligations and that India's legal framework on strategic trade guides its companies' overseas ventures. The New York Times report cited documents claiming that a British aerospace manufacturer, H.R. Smith Group, sold sensitive technology to the Indian firm, which is a major trading partner of Rosoboronexport. The company, however, denied the allegations, stating that the equipment was destined for an Indian search-and-rescue network and is not designed for military use.
Amid the ongoing global tariff war, Reserve Bank Governor Sanjay Malhotra on Wednesday said he is more worried about its impact on growth than inflation. Speaking to the media after presentation of the first bi-monthly monetary policy for the current financial year, Malhotra said, RBI has reduced the growth forecast for 2025-26 by 20 basis points to 6.5 per cent.
The move came against the backdrop of Turkiye backing Pakistan and its condemnation of India's strikes on terror camps in the neighbouring country and Pakistan-occupied Kashmir under Operation Sindoor.
China supplied more than $20 billion worth of arms to Pakistan. These include 20 J-10CE and JF-17 Block III fighter aircraft, Wing Loong drones, frigates, submarines, Hongqi HQ-9P surface-to-air missiles, 240 PL-15E air-to-air missiles, LY-80 air defence systems, ZDK early warning aircraft and other weapons.
With India's EV penetration at just 2.5 per cent, the market presents an opportunity -- provided Tesla gets its pricing right.
Anticipating US action on tariffs, India seems to have made the first move by revamping its tariff structure by reducing the slabs to eight rates, points out Mukesh Butani.
India's second nuclear-powered ballistic missile submarine was commissioned into the Navy on Thursday in the presence of Defence Minister Rajnath Singh who said this will further strengthen the country's nuclear triad and enhance nuclear deterrence.
'We are not asking for incentives, but at least taxation can be aligned such that the rupee tax on consumers remains the same.'
Reliance Retail, the country's leading retailer which owns iconic British toy brand Hamleys and home-grown toy brand Rowan, has entered into a joint venture with a Haryana-based firm for local manufacturing to meet the growing demand. The company has entered into a joint venture with Sonipat, Haryana-based Circle E Retail to vertically integrate its toy business. "We also had a JV with Circle E retail for toy manufacturing for vertical integration for our toys retailing business," said Reliance Retail CFO Dinesh Taluja during an earnings call last week.
'As the global economy undergoes significant transformations in 2025, India's ability to navigate the complexities of trade wars, financial realignments, and emerging blocs will be pivotal,' explain Harsh V Pant and Soumya Bhowmik.
Formula One may have to wait a decade for a return to screaming V10 or V8 engines and jettisoning the next generation V6 due to be introduced next year is simply not feasible, according to F1's former chief technical officer Pat Symonds.
'Our production capacity ramp-up initiatives are expected to meet the critical requirements of our armed forces.'
The family of Thai businessman Vichai Srivaddhanaprabha, who died in a helicopter crash in 2018, has brought a legal action against Italian helicopter manufacturer Leonardo SpA in a London court.
Imposition of high tariffs on China, Mexico, and Canada by the US is expected to help Indian exporters in increasing their shipments to the American market, experts say.
'We will start reaching out to researchers, academics, and experts on AI from top universities and companies from across the world.'
Kia India Unveils Sketches of Its Revolutionary new SUV
Ola Founder Bhavish Aggarwal on Wednesday said electric scooter based on Gen 3 platform will be unveiled later this week. "Bringing the 'Next Level' with @OlaElectric Gen 3 scooters! We've significantly surpassed Gen 2 products in every way -- much higher performance, more features, great design! And a surprise to change the industry all over again," he stated on X.
The new Vande Bharat Express train is specially designed to operate seamlessly in Jammu & Kashmir's challenging winter conditions for the upcoming Katra-Srinagar rail route.
Air Chief Marshal A P Singh and Chief of the Army Staff General Upendra Dwivedi on Sunday set the tone for the grand Aero India-2025 by flying in the Light Combat Aircraft (LCA) Tejas in Bengaluru at Yelahanka based Air Force Station.
However, while Splendor's annual sales surged 31.7 per cent to 3.638 million units between 2019 and 2024, Hero's other models suffered sharp drops.
Our politicians need to take a leaf out of Mr Trump's personalised merchandise sale: It keeps his image in the public eye, continuing to engage him differently and innovatively with his supporters, points out Sandeep Goyal.
The indigenously designed and developed Advanced Light Helicopter (ALH-Dhruv) and the Light Combat Aircraft (LCA) Tejas will not be part of the upcoming Republic Day flypast in India due to the grounding of the entire fleet of ALH-Dhruv helicopters following a crash earlier this month. The grounding of the helicopters is a result of a Coast Guard ALH crash in Porbandar, Gujarat on January 5, which claimed the lives of two pilots and an aircrew diver. The decision to exclude the ALH-Dhruv and Tejas from the flypast comes as a high-level probe panel investigates the cause of the crash.
'The scrapping of import duty would help Indian companies compete in international markets, thus paving the way for India becoming a space manufacturing hub for the world.'
'We have not even used 0.1% of the available resources.'
INS Surat is the Indian Navy's first AI enabled warship.
The deaths of five people in a helicopter crash at the King Power Stadium in October 2018, including Leicester City soccer club owner Khun Vichai Srivaddhanaprabha, were accidental.
India's Navy has commissioned its new Russian-made guided missile frigate, INS Tushil, in the Russian coastal city of Kaliningrad. The ship, part of a $2.5 billion deal for four stealth frigates, is expected to significantly enhance the Indian Navy's capabilities in the Indian Ocean. The commissioning ceremony was attended by Defence Minister Rajnath Singh, Chief of Naval Staff Admiral Dinesh K Tripathi, and other senior Indian officials. Singh described the commissioning as a testament to India's growing maritime strength and a milestone in its long-standing ties with Russia. The INS Tushil, an upgraded Krivak III class frigate of Project 1135.6, boasts advanced stealth features and stability characteristics, and incorporates 26% indigenous content thanks to collaboration with Indian naval specialists and Severnoye Design Bureau.
The Eicher Pro X is assembled on an all-women assembly line.
The Supreme Court has granted bail to alleged middleman Christian Michel James in the purported Rs 3,600-crore AgustaWestland case. James had been in custody for six years while the investigation was ongoing. The alleged scam relates to the purchase of 12 VVIP helicopters from AgustaWestland. James, a British national, was extradited from Dubai in December 2018.
Bengaluru-headquartered HAL plans to produce more than 1,000 helicopters in the range of 3-15 tonne with a total business of more than Rs 4 lakh crore over a period of 20 years at this facility in Gubbi taluk, officials said.
The project is critical as the region expects huge investments in the automotive, renewable energy, and space sectors.
Selection of the Young Design Entrepreneur Award for the year 2008 by the British Council.
ISRO's vendor policy and quality control processes are under scanner.
PC maker Lenovo India will start manufacturing 50,000 GPU-based AI servers in India next year, the company said on Tuesday. Besides this, Lenovo announced setting up its fourth largest research and development centre in Bengaluru. Lenovo India managing director Shailendra Katyal said that the company will make servers locally and also export them from its manufacturing unit in Puducherry.
The eighth Budget of Finance Minister Nirmala Sitharaman continued to focus on 'GYAN' (Garib, Youth, Annadata, Nari) to maintain a consistent and coherent strategy initiated over the years in pursuing the government's vision for Viksit Bharat. The approach, characterised by incremental yet impactful steps, aims to create a compounding effect over time.
The Department for Promotion of Industry and Internal Trade (DPIIT), under the Ministry of Commerce and Industry, has entered into a partnership with the Startup Policy Forum (SPF), a premier industry organisation representing India's leading new-age companies.
The Indian Air Force (IAF) has seen a reduction in fighter squadrons due to the phasing out of ageing MiG-21, MiG-23 and MiG-27 aircraft. The Parliamentary Standing Committee on Defence acknowledged the "shortage" and highlighted the multi-pronged approach being taken to address it. This includes the induction of indigenous Tejas fighters and the procurement of additional LCA Mk-1A aircraft. The report also addresses concerns over "incidences of spying" within the IAF and details the action taken against those involved.
Journalist and author Chitra Subramaniam has demanded that the Central Bureau of Investigation (CBI) make public its findings from the "box of evidence" received from Switzerland regarding the Bofors payoffs. Subramaniam, author of 'Boforsgate: A Journalist's Pursuit of Truth', expressed concerns about the lack of transparency surrounding the evidence, questioning who opened the box, when it was opened, and what it contained. She also raised doubts about the official narrative regarding the alleged bribe in the Bofors case, suggesting the sum of Rs 64 crore may not reflect the full extent of the corruption. Subramaniam also alleged that the CBI planted stories about Hindi film actor Amitabh Bachchan to derail the investigation and launched a political vendetta against the Bachchans. She recalled that Bachchan had come to her home and asked if she had seen his name. The CBI has recently requested assistance from the United States in the case, seeking information from private investigator Michael Hershman, who claims to have crucial details about the scandal. The Bofors scandal, a major bribery case involving the Indian government and the Swedish arms manufacturer Bofors in the 1980s, pertains to allegations of a Rs 64-crore bribe in a Rs 1,437-crore deal for the supply of 400 155mm field Howitzers.
Container prices have shot up by up to 300 per cent in the past one month owing to geopolitical tensions between Israel and Iran following the former's attack on Hamas, causing shortages and pushing consumer durables companies to increase prices. Companies have planned increases but some are yet to decide on the extent of the increase.
"Lady candidates need not apply." So read the postscript in a job notice from Telco (now Tata Motors) on a notice board in the corridors of the Indian Institute of Science, Bangalore (now Bengaluru), in 1974. Irked, Sudha Murty, who was then pursuing her masters in computer science at the institute, wrote a postcard to JRD Tata, expressing her surprise at this gender discrimination, especially since the Tata Group were pioneers on many fronts. Shortly, Murty became the first woman on the firm's shop floor.
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