As an income tax tribunal on Monday said Rs 41 crore as commission were paid to late Win Chaddha, an agent of the Swedish arms manufacturer Bofors, and Italian businessman Ottavio Quattrochchi in the gun deal, the Bharatiya Janata Party on Monday condemned Congress President Sonia Gandhi's plan to fight graft and demanded a Special Investigative Team to look afresh at the whole issue saying there should be no cover-up.
The Bofors ghost returned to haunt the Congress party with an income tax tribunal saying that kickbacks of Rs 41 crore were paid to late Win Chaddha, an agent of the Swedish arms manufacturer and Italian businessman Ottavio Quattrocchi in the Howitzer gun deal and that they are liable to pay tax in India on such income.
The Indian troops guarding the nearly 3,500-km Line of Actual Control (LAC) maintained an assertive approach in sync with the broader national security doctrine and procured a variety of military platforms and weapons to enhance their combat capabilities.
The Russian defence ministry said that Ukrainian forces hit six rockets of HIMARS at the temporary deployment point of one of the units of Russian armed forces in Makiivka region of Donetsk.
Wipro is betting on artificial intelligence (AI) and Cloud computing to earn more from its biggest contributor - the banking, financial services & insurance (BFSI) sector - which brought in 35 per cent of the revenue in FY23. The Bengaluru-headquartered firm also expects its consultancy arm Capco to aid in its vision. "Over the past few years, we have made significant investments in the BFSI sector and have improved our talent, capabilities, and processes in this space - both through organic investments and with the addition of Capco," Suzanne Dann, Wipro's chief executive officer for Americas 2 said.
Honda Siel Cars India is seriously considering Tamil Nadu and three other states for setting up its second India manufacturing facility, which will be producing small cars.
One hopes in his next term, Narendra Modi will take up the mission of inculcating respect for following rules in Indians as a mission. Therein lies the chance for India to become a developed country, asserts Colonel Anil A Athale (retd).
Prime Minister Narendra Damodardas Modi laid the foundation stone in Vadodara on Sunday, October 30, 2022, for a facility to produce C-295 military transport aircraft.
The long-pending proposals were cleared at a meeting of the Defence Acquisition Council (DAC), the defence ministry's highest decision making body on procurement.
Two Reliance group firms - Reliance Consumer Products Ltd (RCPL) and Reliance Retail Ventures Ltd (RRVL) - have announced an open offer to acquire a 26 per cent additional stake in Lotus Chocolate. The firms will together acquire 33.38 lakh shares of Lotus Chocolate from the open market at a fixed price of Rs 115.50 per share, said a notice by DAM Capital, which is managing the offer. The offer will aggregate to a total consideration of Rs 38.56 crore over the full acceptance, said an open offer-detailed public statement shared by the company with stock exchanges on Thursday.
EAM Jaishankar's mission is aimed at strengthening India's strategic autonomy in a complex international environment, observes Ambassador M K Bhadrakumar.
There is the problem of regions in the North East being theatre for power-play by nations with borders and influences converging in those parts, which in turn requires a sizable presence of the armed forces, notes Shyam G Menon.
The government currently holds 87.40 per cent stake in IRCTC. To meet Sebi's public holding norm, it has to lower its stake in the company to 75 per cent.
The Enforcement Directorate (ED) on Friday said it has issued show-cause notices to the Indian arm of Chinese mobile phone manufacturer Xiaomi, its chief financial officer and director Sameer B Rao, former managing director Manu Kumar Jain and three foreign banks for alleged violations of the foreign exchange law to the tune of more than Rs 5,551 crore.
The defence budget was increased to Rs 5.94 lakh crore for 2023-24, up from last year's allocation of Rs 5.25 lakh crore.
Animal's violence isn't for the fainted-hearted unless you have an appetite for Korean style mayhem, like Sukanya Verma.
Central Bureau of Investigation said on Tuesday that it would examine the Delhi High Court judgement quashing all charges against Hinduja brothers.
The key platforms that India has been exporting are Dornier-228 aircraft, 155 mm Advanced Towed Artillery Guns (ATAGs), Brahmos missiles, Akash missile system, radars, mine protected vehicles, armoured vehicles, Pinaka rockets and launchers, ammunition, thermal imagers and various components of avionics and small arms.
Media reports said a South African arms manufacturer had paid commission on Indian defence deals.
In the last four months, the Centre has been reviewing all the "Buy-Global" cases that are in the contracting phase right now, Jaju said.
The order was passed by Justice R S Sodhi while hearing a petition filed by Europe-based Hinduja brothers seeking\nthe discharge of the case.
The Defence Ministry on Tuesday approved the procurement of arms and military equipment worth Rs 7,965-crore, including 12 light utility helicopters from Hindustan Aeronautics Limited, according to an official statement.
Images from the ICC World Cup match between India and England in Lucknow on Sunday.
Images from the ICC World Cup match between India and the Netherlands, at the M Chinnaswamy stadium in Bengaluru, on Sunday.
The defence ministry on Wednesday announced a fresh list of 351 sub-systems and components that will not be allowed to be imported under a staggered timeline beginning December next year.
ZyCoV-D is a three-dose vaccine administered intradermally.
Their lawyers said there was no evidence to suggest that they had entered into a criminal conspiracy with former prime minister Rajiv Gandhi to get the Rs 14.37 billion contract awarded to Bofors.
It was August 2007. Tata Steel was turning 100. Jamshedpur, its hometown, had an air of celebration. The line-up for the special event included the launch of Air Deccan's commercial flight connecting Kolkata and Jamshedpur, and release of Russi Lala's new book, Romance of Tata Steel. There was also the screening of The Spirit of Steel, a 20-minute documentary directed by Zafar Hai showcasing Tata Steel's legacy, and a corporate anthem penned by Javed Akhtar and composed by Shankar, Ehsaan and Loy.
Bond has said he will be working on increasing the pace of Arjun Tendulkar
Thousands of small brands are ruling the consumer market despite the predatory pricing and deep discounting by foreign e-commerce companies and efforts of certain FMCG companies to sideline the distributor network, said the Confederation of All India Traders (CAIT), which represents about 70 million traders in the country. "If the government gives support policies to non-corporate sector and tighten the e-commerce companies to obey the policy and the law both in letter and spirit, the retail trade of the country is bound to blossom in pursuance of the vision of PM Narendra Modi for Make in India and Atmnirbhar Bharat," said CAIT national president BC Bhartia and secretary general Praveen Khandelwal.
The Asian Age on Thursday published an article by the principal investigator in the case.
'Russia has got inherent military strength, they have a very good military equipment manufacturing infrastructure and by and large they are self-sufficient in their production capabilities'
The Indian cyber security agency has issued a warning against 'Royal ransomware' virus that attacks critical sectors like communications, healthcare, education and even individuals and seeks pay-off in Bitcoins for not leaking personal data in the public domain.
The promoter-brothers, distant cousins to IndiGo's Rahul Bhatia, are eyeing Air India's ground handling subsidiary to augment their aviation services business even as they make a big play in EVs.
This sum, said the CBI, provided for 8.24 per cent commission to accused Hinduja brothers, Win Chadha and Ottavio Quattrocchi.
In order to have protection against drone attacks, all the three defence forces including the Army, Navy and Air Force have signed contracts for acquiring DRDO-developed anti-drone systems.
AzaadiSAT had around 75 small payloads developed by schoolgirls of 75 rural schools.
