The number of cyberfraud cases has skyrocketed from 2,677 in 1999-2000 to 29,082 in FY24 -- more than a 10-fold increase. The RBI pegs digital payment frauds at Rs 1,457 crore in FY24, up more than five times in a year. It's not just the number of frauds. What's alarming is the growing sophistication of the fraudsters, exposing the vulnerabilities within the financial system, observes Tamal Bandyopadhyay.
Devendra Fadnavis will lead the new Mahayuti coalition government in Maharashtra, with Eknath Shinde and Ajit Pawar serving as deputy chief ministers. The swearing-in ceremony is scheduled for Thursday evening at Azad Maidan ground in south Mumbai and will be attended by Prime Minister Narendra Modi and several Union ministers. The Mahayuti coalition won the recent assembly elections by a landslide, securing 230 out of 288 seats.
India's premier defence research organisation DRDO has awarded seven new projects to private entities to develop key military assets including underwater launched unmanned aerial vehicle and long-range remotely operated systems.
Hindustan Aeronautics (HAL) is one of the largest beneficiaries of the defence indigenisation programme. The aerospace Public Sector Undertaking (PSU) has just received a new tender for 97 Light Combat Aircraft (LCA) Tejas Mk1A, and it is already servicing an earlier order for 83 LCA aircraft. The new order is worth around Rs 65,000 crore with a 65 per cent indigenisation component, whereas the earlier order (February 21) was worth Rs 45,700 crore with 55 per cent indigenisation.
As Singapore, New York and Melbourne have shown, cities can mitigate the impact of heatwaves if they have the will to create green infrastructure, explain Amit Kapoor & Bibek Debroy.
The development contract calls for GE Aircraft Engines to provide 17 F40 4-GE-IN20 engines, as well as logistics support, the company announced from Lynn, Massachusetts.
His statement came in the backdrop of media reports of construction of a ropeway at Torsa Nala near Doklam by the Chinese People's Liberation Army.
India's athletes are being told that plenty of shut-eye could be the foundation for Olympic success and the team has roped in sleep therapist Monika Sharma to keep them at their sharpest in Paris.
India also went on an overdrive in expanding its military engagement with like-minded countries in its neighbourhood and beyond in the face of China's relentless attempts to become a regional hegemon and establish its primacy in South Asia.
Research and development (R&D) spending by BSE 100 companies has grown steadily, rising from 0.89 per cent of revenue in FY20 to 1.32 per cent in FY24, averaging around 1 per cent over the period in-between, according to data compiled from Bloomberg and company annual reports. Also, these companies more than doubled their R&D spending in absolute terms over these five years: From Rs 25,041 crore to Rs 63,072 crore. While this reflects a prioritisation of innovation, corporate R&D investment remains relatively conservative.
'The odds were stacked against us.' 'Through it all, we were determined to overcome and prevail we did!' Wing Commander Shailesh Singh on the high-risk flying mission for which he was awarded the Shaurya Chakra.
The armies of India and the US on Tuesday began an over two-week mega military exercise at a military facility in Uttarakhand with the aim of exchanging best practices and tactics in sync with growing defence ties between the two countries.
The Light Utility Helicopter, which Hindustan Aeronautics Ltd is designing for the Indian military, has encountered turbulence even before leaving the drawing board. French engine-maker Turbomeca, whose vaunted Shakti engine was to power the LuH, is demanding what Ministry of Defence sources term 'extortionist prices' for integrating the Shakti with the LuH.
Europe has an edge over the US in the tightly-fought contest to sell India a next-generation engine for the homegrown Tejas light combat aircraft (LCA).
HAL has integrated the ASRAAM (advanced short range air-to-air missile) for the Tejas Mark 1A. The Tejas Mark 1A will carry twin ASRAAM missiles with a range of 60 to 70 kilometres.
The pilot ejected safely and a court of inquiry has been ordered to ascertain the cause of the accident, the IAF said in a brief statement.
The Light Combat Helicopter is heavily armoured to protect its two pilots from enemy fire, and has a 'stealthy' fuselage that is hard to detect with radar. Ajai Shukla reports
This move is seen as part of efforts to strengthen China's ties with Pakistan and safeguard Chinese investments in Pakistan-occupied Kashmir, particularly related to the China-Pakistan Economic Corridor.
The fifth edition of the joint exercise between Indian and China, codenamed 'Hand-in-Hand 2015', commenced at the Kunming Military Academy at Yunnan Province in China on October 12.
There is a high demand for IT professionals who can envision, design and develop applications for the future.
This has also raised concerns over undetected infiltrations from across the Line of Control and terrorists potentially residing in the outskirts of cities and villages, they said.
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.
Although underpowered for fast-moving fighter aircraft, the Defence Research and Development Organisation believes the Kaveri is well suited for the Unmanned Strike Air Vehicle, reports Ajai Shukla
'Accusations would be flung about his votes being stolen. He'll say dead people were voting from the grave.' Payal Singh Mohanka reports on the mood ahead of the US presidential election.
The negotiations on cost and techno-commercial details relating to India's proposed procurement of 26 Rafale-M fighter jets and three Scorpene submarines from France are not yet concluded, sources said on Tuesday.
The indigenous Kaveri aircraft engine, soon to make its debut flight, lacks the muscle needed by India's Tejas light combat aircraft, which the engine was designed to power. In its present form, the Kaveri will never power a modern fighter. The Indian Navy is snapping up the Kaveri for powering its growing fleet of warships.
DRDO's failures over the decades have contributed significantly to India becoming the world's biggest weapons importer, points out Lieutenant General Prakash Katoch (retd).
The visit comes two days after Pakistan officials shared with the Chinese embassy the preliminary findings of their investigation into the attack.
'The Indian private sector knows how to build and run educational organisations, what is needed is a large dose of removal of restrictions.' 'Government restrictions hold back universities in India from launching medical schools,' argue Ajay Shah and Vijay Kelkar.
Meet these Inspiring Lady Soldiers who made history this year.
Prime Minister Narendra Modi has said that the Quad is not against anyone, but for a rules-based international order and respect for sovereignty, in a veiled reference to China.
While the Army will be getting around 100 light utility helicopters, it is also looking at the option of taking choppers on lease to meet its requirement.
Operation Meghdoot was launched on April 13, 1984, when the Indian Army and IAF advanced to the Siachen Glacier to secure the heights dominating the northern Ladakh region
'There cannot be anyone like Air Marshal Keelor -- he was so difficult to emulate.' Air Commodore Nitin Sathe (retd) salutes War Hero Air Marshal Denzil Keelor PVSM, KC, AVSM, VrC who passed into the ages last month.
The Defence Research and Development Organisation (DRDO) has prepared the design of the aircraft while HAL is producing the engine and other parts.
Currently women are allowed in a number of select areas including in medical, legal, educational, signals and engineering wings of the army.
Officials hint the visit could finally see a formal defence industrial road map being adopted by both nations.
RJD president Lalu Prasad's daughter Rohini Acharya has entered the fray to wrest back her father's erstwhile pocket borough.
