To enable Indian banks and financial institutions to develop an aircraft-leasing ecosystem at GIFT City, the Ministry of Civil Aviation has sought support from the Ministry of Finance. It has also raised concern over slow progress in developing aircraft leasing in India.
He said that as compared to global models costing 2.5 to 3 US dollars per hour usage, India's AI model will cost less than less than Rs 100 per hour (1.16 US dollars per hour) after 40 percent government subsidy.
ONGC's overseas arm applied for a sanctions waiver to access $500 million dividend from two Venezuelan projects.
Only experienced investors with a high risk appetite, a grasp of market cycles, and comfort with volatility and timing risk should invest.
There is no guarantee that if we speak in only Indian languages, all our faults will be washed away and India will shine. Why then do they bully and belittle the English-speaking? asks Shyam G Menon.
The Securities and Exchange Board of India (Sebi) has permitted 100 per cent contribution from non-resident Indians (NRIs) and overseas citizens of India (OCIs) in the corpus of foreign portfolio investors (FPIs) based out of Gujarat International Finance Tec-City (GIFT City), the country's international financial services centre (IFSC). However, the Indian diaspora is yet to fully embrace this new route. The regulator allowed this route to enhance the fund ecosystem at GIFT City and attract genuine investments from overseas Indians.
The mega procurement project has been approved by the Cabinet Committee on Security chaired by Prime Minister Narendra Modi, they said.
Gensol Engineering, the beleaguered firm that came under market regulator Sebi's lens for fund diversions and governance lapses, said that its independent director Arun Menon has resigned with immediate effect.
As part of a plan to refinance debt and expand its upcoming constellation of satellites, French satellite major Eutelsat Communications will raise euro 1.35 billion, or $1.55 billion, through a reserved capital increase and a rights issue, the company announced on Friday. Bharti Enterprises' space venture, Bharti Space Ltd, will invest euro 31.4 million, or $36 million, in the capital raise.
Ask rediffGURU and PF expert Milind Vadjikar your insurance, stocks, mutual fund and personal finance-related questions.
'Every decision India makes along the LoC, it must also consider implications along the LAC.'
De-centralised execution should drive the operational concept and support military strategy, under a unified command architecture. Enablers and technology need to be positioned first for such an activity to be undertaken, recommends Lieutenant General Anil Chait (retd).
The 12 SU-30MKI jets for the Indian Air Force would be licensed manufactured by Hindustan Aeronautics Limited at its Nashik facility and cost around Rs 13,000 crore.
'It is typical of China's strategic deception of making virtue out of necessity,' observes Rup Narayan Das.
rediffGURU T S Khurana answers readers' personal income tax queries
The Enforcement Directorate said on Monday that it had conducted search operations at four locations in Mumbai and Delhi as part of its money laundering investigation into an alleged Rs 4,500 crore (Rs 45 billion) fraud by Pancard Clubs Limited and others, in which more than 5 million investors have been duped.
'While investing in a silver ETF, one should be aware that it has historically exhibited higher price volatility than gold.'
The Indian markets have delivered high long-term returns, second only to the US.
It's a strategic approach in which the country's military and defence mechanisms evolve continuously in tandem with emerging threats. The new strategy anticipates events and prepares to counter those proactively.
To see the happiness on their faces that only a travel experience can bring is priceless.
India and Qatar on Tuesday agreed to elevate their relationship to a strategic partnership and double bilateral trade to USD 28 billion over the next five years. Prime Minister Narendra Modi and Qatari Amir Sheikh Tamim Bin Hamad Al-Thani signed agreements and MoUs to strengthen economic cooperation, including a revised double taxation avoidance agreement. The strategic partnership will cover the "entire spectrum" of the bilateral relationship, including trade, energy security, and regional and international cooperation. Both leaders also discussed ways to further strengthen and broaden the energy partnership, including "exploring mutual investments." The Amir's visit provided an "excellent opportunity" for the top leadership of the two countries to discuss and "cement a strategic partnership for enhanced future cooperation."
Union Home Minister Amit Shah said on Sunday that indigenously developed BrahMos missiles destroyed Pakistani air bases while its air defence system, borrowed from China, remained unused, during Operation Sindoor, which exposed its lies on terrorism to the world.
Amid this unrest came the verdict of the Allahabad high court on June 12, 1975 that found Gandhi guilty over discrepancies in the electoral campaign, which led to the Emergency on the night of June 25.
Of the 156 LCH, 90 would be for the Indian Army while 66 would be for the Indian Air Force.
Starlink's application for offering satcom services in India had been held up for the company's inability to comply with mandatory ownership disclosure norms.
rediffGURU T S Khurana answers readers' personal income tax queries.
'Whatever we do, the purpose will be to re-establish deterrence.'
'The lesson Beijing would have learned is that there is, cost-benefit wise, no better option than to keep the Pakistan military supplied with its most advanced armaments, certain that in hostilities with India these would be used for maximum effect.'
The surge in the market price is also attributed to demand by retail and high-networth individual investors ahead of the IPO.
Market downturns or regulatory shifts can reduce liquidity, making it harder to buy or sell assets when needed.
Risks emerging from the US have left automotive investors worried. US President Donald Trump has announced 25 per cent tariffs on automotive imports, while global electric carmaker Tesla has taken its first steps towards entering India. While these developments are sentimentally negative for related stocks, it may be too early to conclude the eventual impact, analysts said.
This marks a 67% increase from the Rs 2,537 crore lost in scams in 2022-2023.
The Pahalgam massacre highlights the evolution of terrorism into a multi-domain challenge. India's response must similarly evolve -- from tactical retaliation to comprehensive strategic deterrence. To establish a credible and sustained deterrent, India must also carry out continuous kinetic operations, both overt and covert, suggest Sakshit Raina and Rahul Mishra. To establish a credible and sustained deterrent, India must also carry out continuous kinetic operations, both overt and covert, suggest Sakshit Raina & Rahul Mishra.
India abstained in the UN General Assembly on Thursday on a resolution that underscored the need to reach "comprehensive, just and lasting peace" in Ukraine, citing the resolution's "inherent limitations" in reaching New Delhi's desired goal of securing lasting peace and ending the conflict which has been raging for one year now.
rediffGURU T S Khurana answers readers' personal income tax queries.
'We are now in a situation where our country is not yet free.' 'China is still very strong and militarily powerful.' 'In such a situation, we need the Dalai Lama to bring about a resolution to the cause of Tibet.' 'That's one of the main reasons that at age 90, he has accepted that there should be a 15th Dalai Lama after him.'
'This helps the consumers secure more favourable terms from CIs.'
The National Stock Exchange (NSE) has deferred its plan to change the expiry day of all index and stock derivatives to Monday from Thursday until further notice following markets regulator Sebi's consultation paper. The shift, which was scheduled to take effect on April 4, 2025, would have seen all index and stock derivative contracts move from Thursday to Monday.
The US has sanctioned an Indian national based in the United Arab Emirates and two India-based entities for operating as part of Iran's shadow fleet and involved in shipping Iranian oil. The US Department of the Treasury said Jugwinder Singh Brar, who owns multiple shipping companies, operates as part of Iran's shadow fleet, which the US said is used to evade sanctions and transport Iranian oil. Brar also owns or controls India-based shipping company Global Tankers Private Limited and petrochemical sales company B and P Solutions Private Limited. The sanctions come as part of a US campaign of maximum pressure on Iran and target the country's petroleum and petrochemical sectors.
The performance of Hindustan Aeronautics Limited (HAL) for 2024-25 (FY25) was driven by improved margins and lower provisions. The order book as of March was of Rs 1.8 trillion, with inflows of Rs 1 trillion during FY25.
