The largest tranche came in July, in the wake of Operation Sindoor, with the DAC according acceptance of necessity -- or initial approval -- for 10 capital acquisition proposals amounting to approximately 1.05 trillion through indigenous sourcing.
The Defence Acquisition Council (DAC) has approved military projects worth approximately Rs 67,000 crore, including drones, radars, and missile systems, aimed at enhancing India's military capabilities.
A complaint addressed to Saxena in June this year had claimed that the appointment of the minister of transport as the chairman of the committee for tendering and procurement of buses by Delhi Transport Corporation was done in a "premeditated manner".
The Rajya Sabha on Wednesday passed the Digital Personal Data Protection Bill 2023 by voice vote following a walkout by opposition members over the Manipur issue.
Telecom operator Vodafone Idea is in advance stages of processing order for network capacity expansion in six circles through Chinese telecom gear makers, according to industry sources aware of the development. The order will be only for expansion of existing telecom network capacity where the contract was already awarded to the Chinese vendors, according to the sources.
While the government has not barred procurement of equipment from Chinese companies, the process to amend the general financial rules (GFR) 2017 has started. This will impose restrictions on bidders in public procurement from countries that share a land border with India, reports Megha Manchanda.
Government auditor CAG has flagged "undue favour" to Wipro Ltd by UIDAI.
Telecom equipment from China may face fresh curbs after the Cabinet on Wednesday cleared a proposal to secure telecom infrastructure by designating a "trusted source" for the purchase of equipment by service providers. Briefing reporters after the meeting of the Cabinet Committee on Security headed by Prime Minister Narendra Modi, Law, Telecom and IT Minister Ravi Shankar Prasad said a National Security Directive on Telecommunication Sector has been framed keeping in mind the national security.
Indian arms of multi-national companies are no longer required to add licence fee, payable on goods produced in India, in the value of components imported from the collaborator.
Hyundai, which is also toeing Maruti's lines, said special schemes are offered to engage the cab aggregators, including annual-maintenance-contract packages and extended warranty.
Mahindra is the latest among a clutch of other manufacturers that have been using services, fuel efficiency and packages as unique selling proposition. Sales of Mahindra's heavy trucks dropped to 3,427 units in the eight months from April to September.
After HCL Infosystems, another IT major Wipro has decided to shut down its manufacturing of computers and servers due to changing market scenario and consumer preferences.
From auto, refrigerator, and mobile handset makers to real estate firms, companies are tying up with banks to dole out attractive finance schemes and discounts to make buying more affordable.
Private hospitals, especially smaller standalone ones, are staring at a crisis that they were not prepared for. Analysts say larger corporate chains have to brace up for at least six months for business to return to normal.
'The better developers are seeing good demand (for their housing projects). There are consumers who are buying houses.'
None of the political parties in UP has any effective plans to create jobs.
ICICI Bank has quashed rumours of favouritism, nepotism and quid pro quo. The bank clarified that while Chanda Kochhar was on the credit committee, she was not the chairperson. Videocon Chairman Venugopal Dhoot said there was no impropriety in the deal.
'GST is imperative for India's success.' 'Without GST India will be a less competitive country.'
'Make cash available now, don't put people into suffering.' 'You should not come to a situation where the operation was successful and the patient is dying.' 'What did not happen in India for several years, you cannot do in 50 days.' 'This is agony and pain.'
Real estate veteran Saket Mohta gives the the most comprehensive 11-point checklist
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