News for 'procurement'

Trump Announces F-35 Jet Deal, Billions in Military Sales To India

Trump Announces F-35 Jet Deal, Billions in Military Sales To India

Rediff.com14 Feb 2025

India and the United States have agreed to deepen their strategic partnership in several key areas, with President Donald Trump announcing plans to provide India with F-35 fighter jets and billions of dollars in military supplies. The two leaders also discussed energy cooperation, critical technologies, connectivity, and countering terrorism. They agreed to work together on the India-Middle East-Europe Economic Corridor, and Trump noted India's reforms to welcome US nuclear technologies. Prime Minister Modi said the two countries can shape a better world through their cooperation. Both leaders also addressed the Russia-Ukraine conflict, with Modi stressing India's commitment to peace.

AI will bring in 'humongous changes': IT Minister Vaishnaw

AI will bring in 'humongous changes': IT Minister Vaishnaw

Rediff.com30 May 2025

'I think that kind of change is coming. We should stay prepared for that change, whichever industry or sector we are in, we must be prepared.'

Mango exports to the US see healthy growth

Mango exports to the US see healthy growth

Rediff.com20 May 2025

India's mango exports to the US are registering healthy growth, and irradiation operations at a key mango treatment facility in Mumbai have been normalised after a brief disruption due to a data recording error earlier this month, an official said on Tuesday. The Mumbai-based irradiation facility, which handles the highest volume of mangoes destined for the US, faced an issue during the irradiation process conducted on May 8 and 9, 2025.

'I've No Desire To Be Prime Minister'

'I've No Desire To Be Prime Minister'

Rediff.com4 Jul 2025

'I am not an aspiration-oriented politician.' 'This is the time to redefine politics.' 'Politics of power is not real politics.'

Reliance to invest Rs 75,000 cr in North-Eastern states: Mukesh Ambani

Reliance to invest Rs 75,000 cr in North-Eastern states: Mukesh Ambani

Rediff.com23 May 2025

Oil-to-telecom conglomerate Reliance Industries Ltd will invest Rs 75,000 crore in North Eastern states in setting up 350 biogas plants, expanding its telecom services, retail footprint, and clean energy projects, chairman Mukesh Ambani said on Friday. Speaking at the Rising NorthEast Investors Summit here, Reliance Industries Ltd chairman and managing director said his group will invest in factories for high-quality FMCG products in the region and setting up a 150-bed cancer hospital in Manipur.

L&T bags its largest order as QatarEnergy LNG gives Rs 15K cr contract

L&T bags its largest order as QatarEnergy LNG gives Rs 15K cr contract

Rediff.com26 Mar 2025

Infrastructure major Larsen & Toubro on Wednesday said it has bagged an ultra-mega order from QatarEnergy LNG for its offshore hydrocarbon business. The company classifies contracts above Rs 15,000 crore as 'ultra mega' orders.

Ranya Rao case: ED raids institutions linked to K'taka home minister

Ranya Rao case: ED raids institutions linked to K'taka home minister

Rediff.com21 May 2025

The Enforcement Directorate (ED) on Wednesday searched locations in Karnataka, including educational institutions linked to state Home Minister G Parameshwara, as part of a probe into alleged gold smuggling-linked money laundering case against Kannada actor Ranya Rao and others. The ED sources said an educational trust is suspected to have "diverted" funds and made a payment of Rs 40 lakh towards the credit card bill of Rao, allegedly on the instructions of an influential individual. The sources claimed the trust is linked to Parameshwara and the "influential" individual is a politically exposed person. The searches found there were no supporting vouchers or documentation to "substantiate" this payment (for credit card bill payment), they said.

Eight posing as students, prof to UK held in Mumbai airport

Eight posing as students, prof to UK held in Mumbai airport

Rediff.com11 Mar 2025

Eight individuals, including seven posing as students and one as a professor, were apprehended at the Chhatrapati Shivaji Maharaj International Airport in Mumbai while attempting to illegally immigrate to London. The accused, who claimed to be part of an exchange program, were caught at the airport's immigration checkpoint and were found to be using forged documents and false information to obtain UK visas. The incident involved alleged human trafficking, with the accused reportedly paying Rs 20 lakh each to an agent for facilitating their illegal immigration. The case has been handed over to the Sahar Police, and the crime branch is investigating further.

LIC Q4 profit jumps 38% to Rs 19,013 cr

LIC Q4 profit jumps 38% to Rs 19,013 cr

Rediff.com27 May 2025

State-owned insurer Life Insurance Corporation of India (LIC) on Tuesday posted a 38 per cent increase in net profit to Rs 19,013 crore in the fourth quarter ended March 2025 helped by lower expenses. The country's biggest insurer had earned a profit of Rs 13,763 crore in the corresponding quarter a year earlier.

Navy gets replacement for Sea Guardian drone after crash in Sep

Navy gets replacement for Sea Guardian drone after crash in Sep

Rediff.com2 Feb 2025

The Indian Navy has received a replacement MQ-9B Sea Guardian drone from General Atomics after one of its leased drones crashed into the Bay of Bengal in September 2023. The new drone replaces the one lost in a "controlled ditching" due to a technical snag. The Indian Navy has also leased two MQ-9B drones from General Atomics in 2020, and India has signed a deal to procure 31 Predator drones from General Atomics for USD 4 billion. The supply of these drones will begin in January 2029. The Navy is also pushing for another indigenously-built aircraft carrier to replace INS Vikramaditya, which is expected to have a lifespan of another 10 years.

Beleaguered Gensol's independent director quits

Beleaguered Gensol's independent director quits

Rediff.com17 Apr 2025

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.

Will German Visa Rules Affect Students?

Will German Visa Rules Affect Students?

Rediff.com10 Jun 2025

Ritika Gupta, a study abroad expert and founder of Aaera Consultants, explains how Germany's new visa rules will affect international students and working professionals.

HDFC Bank to pursue legal remedies against Mehta family of Lilavati Trust

HDFC Bank to pursue legal remedies against Mehta family of Lilavati Trust

Rediff.com9 Jun 2025

HDFC Bank on Sunday said that it will "pursue all lawful remedies" to recover public funds and address the retaliatory actions taken by the Mehta family of the Lilavati Kirtilal Mehta Medical (LKMM) Trust, which has filed a complaint against the bank's managing director (MD) & chief executive officer (CEO) Sashidhar Jagdishan alleging financial fraud.

Hero expects EV biz to break even with 30K monthly sales

Hero expects EV biz to break even with 30K monthly sales

Rediff.com15 May 2025

Hero MotoCorp is expecting its electric vehicle (EV) business to break even once it reaches monthly sales volumes of 25,000 to 30,000 units, which is a couple of years away, Chief Financial Officer (CFO) Vivek Anand said on Tuesday. "This year, in 2024-25 (FY25), if I really look at my EV performance, our volumes have grown by 200 per cent," Anand told analysts during the company's post-results conference call.

Hope our adversary learnt some lessons: CDS on Operation Sindoor

Hope our adversary learnt some lessons: CDS on Operation Sindoor

Rediff.com1 Jun 2025

Chief of Defence Staff General Anil Chauhan on Saturday said India's Operation Sindoor has drawn a 'new red line' of intolerance against terror, and expressed hope that the military action has brought 'some lessons for our adversary also'.

India looking for partners, not....: Jaishankar's veiled dig at Europe

India looking for partners, not....: Jaishankar's veiled dig at Europe

Rediff.com4 May 2025

India's External Affairs Minister S Jaishankar has called on Europe to display sensitivity and mutuality of interest for deeper ties with India, stating that New Delhi seeks partners, not "preachers." Jaishankar emphasized the importance of "Russia realism" in India's foreign policy, highlighting the natural complementarity between India and Russia as a resource provider and consumer. He criticized attempts by the West to address the Russia-Ukraine conflict without Russia's involvement, arguing it "challenged the basics of realism." Jaishankar also stressed the importance of finding common ground with the US, suggesting that focusing on mutuality of interest rather than ideological differences is key to successful engagement.

India's military spending outpaces Pak's by nearly 9 times

India's military spending outpaces Pak's by nearly 9 times

Rediff.com28 Apr 2025

India's military expenditure in 2024 was nearly nine times that of Pakistan's, according to a study released by the Stockholm International Peace Research Institute (SIPRI). India's spending reached USD 86.1 billion, while Pakistan spent USD 10.2 billion. China's military spending continued to rise, reaching USD 314 billion, accounting for 50% of all spending in Asia and Oceania.

What are India's free trade agreements?

What are India's free trade agreements?

Rediff.com6 May 2025

India finalised a free trade agreement with the UK, its 16th so far as the country aimed at boosting bilateral trade and investments. The other regions and countries with which India has signed such agreements include the four-nation European bloc EFTA, Japan, Korea and Australia.

Tighter norms, rising compliance failures driving scrutiny for startups

Tighter norms, rising compliance failures driving scrutiny for startups

Rediff.com24 Apr 2025

Anmol Singh Jaggi and Puneet Singh Jaggi, once hailed as rising stars in India's clean energy sector, are now facing serious regulatory action.

Enraged over pay cut, Pune driver set afire vehicle using benzene: Police

Enraged over pay cut, Pune driver set afire vehicle using benzene: Police

Rediff.com20 Mar 2025

A disgruntled driver allegedly set a minibus on fire near Pune, killing four employees and injuring ten others. The driver, Janardan Hambardekar, was angry after his salary was cut and procured benzene to start the fire. He is currently hospitalized and will be arrested later.

Why Polycab is likely to maintain growth trajectory

Why Polycab is likely to maintain growth trajectory

Rediff.com16 May 2025

India's largest cable and wire manufacturer Polycab India ended financial year 2024-25 (FY25) on a high, delivering another strong quarter of double-digit growth and market share gains. This coupled with margin expansion, operating breakeven for its fast-moving electrical goods (FMEG) business, and steady exports outlook for FY26 is expected to support the stock, which is up 18 per cent over the past month. The stock is currently trading at Rs 5,765 a share.

In India, Apple meets environment target

In India, Apple meets environment target

Rediff.com16 Apr 2025

iPhone maker Apple has met its replenishment target for freshwater withdrawals for corporate operations in India in 2023, the company said in its environmental progress report released on Wednesday. Globally, Apple has set a goal to replenish 100 per cent of corporate freshwater withdrawals in high-stress locations by 2030.

Sambhal violence: Mosque chief held; high alert in district post arrest

Sambhal violence: Mosque chief held; high alert in district post arrest

Rediff.com23 Mar 2025

Zafar Ali, the president of the Shahi Jama Masjid committee in Sambhal, Uttar Pradesh, was arrested on Sunday in connection with the violence that erupted in November 2022 over a court-ordered survey of the mosque. Ali's brother alleged that the arrest was intended to prevent him from submitting his testimony before a judicial commission investigating the violence. The mosque has been at the center of a controversy after a petition claimed it was the site of an ancient Hindu temple. The violence resulted in four deaths and several injuries.

Govt may approve Rs 45K cr deal to buy 156 desi LCH for Army, IAF

Govt may approve Rs 45K cr deal to buy 156 desi LCH for Army, IAF

Rediff.com25 Mar 2025

Of the 156 LCH, 90 would be for the Indian Army while 66 would be for the Indian Air Force.

Indian Scientists Make Weather History

Indian Scientists Make Weather History

Rediff.com9 Jun 2025

'Nobody asked us to work on this. It was on our own that we decided to embark on this journey.'

50+ Firms Join Race For India AI

50+ Firms Join Race For India AI

Rediff.com3 Mar 2025

Nearly a dozen firms have shown interest in building the foundation model and LLMs, while others have proposed sector-specific SLMs.

'No project completed on time', IAF chief uses Salman Khan's dialogue

'No project completed on time', IAF chief uses Salman Khan's dialogue

Rediff.com29 May 2025

Chief of Air Staff Air Chief Marshal A P Singh on Thursday flagged serious concerns over inordinate delays in various defence acquisition projects and failure to stick to delivery schedules for supply of key platforms even as he hailed Operation Sindoor as a 'national victory'.

'Yeh Mera Ground Hai'!

'Yeh Mera Ground Hai'!

Rediff.com11 Apr 2025

The reaction probably stemmed out of RCB not signing him at the mega auction despite the batter showing interest in rejoining the franchise.

Catalyst behind defence sector stocks regaining ground

Catalyst behind defence sector stocks regaining ground

Rediff.com24 Mar 2025

After lagging behind the broader market over the past three and six months, defence sector stocks have regained ground, reversing their performance from the past month. Concerns about slowing order inflows, execution hurdles, supply chain disruptions, and high valuations had weighed on the sector.

L&T announces one-day paid menstrual leave

L&T announces one-day paid menstrual leave

Rediff.com6 Mar 2025

In a first for a major corporate house, engineering, procurement and construction major Larsen and Toubro on Thursday announced a one-day paid menstrual leave for women employees. The move will benefit about 5,000 women employees at the Mumbai-headquartered company.

What Rs 101.47 Billlion Will Get The Army

What Rs 101.47 Billlion Will Get The Army

Rediff.com7 Feb 2025

'A crucial role in bolstering the Indian Army's firepower by enabling precise and long-range strikes.'

Accused in Saif case entered India 7 months ago

Accused in Saif case entered India 7 months ago

Rediff.com21 Jan 2025

A Bangladeshi national, arrested for the knife attack on Bollywood actor Saif Ali Khan, entered India illegally seven months ago and used a fake Aadhaar card to procure a SIM card before moving to Mumbai, police said. The accused, Shariful Islam Shehzad Mohammad Rohilla Amin Fakir (30), was arrested from Thane for the stabbing incident at Khan's residence in Bandra. Fakir, who changed his name to Vijay Das, crossed the Dawki River to enter India illegally and used the Aadhaar card of a local man in West Bengal to procure a SIM card before moving to Mumbai in search of a job. He also tried to get an Aadhaar card for himself but failed. In Mumbai, he worked at places where he didn't need to furnish documents, with a labour contractor helping him get housekeeping work in pubs and hotels in Worli and Thane.

Army plans to procure 200 locally-built Prachand, light utility helicopters

Army plans to procure 200 locally-built Prachand, light utility helicopters

Rediff.com15 Feb 2023

The Army is looking at procuring the LUHs and LCHs to replace its ageing fleets of Cheetah and Chetak helicopters.

K'taka Guv forwards 4% Muslim quota bill to President's assent

K'taka Guv forwards 4% Muslim quota bill to President's assent

Rediff.com16 Apr 2025

Karnataka Governor Thaawarchand Gehlot has reserved the Bill pertaining to four percent reservation for Muslims in government contracts for the President's assent, citing constitutional concerns. The Bill, which has been a subject of controversy in Karnataka, was passed by both houses of the state legislature amid protests from the opposition BJP. The Governor's decision to reserve the Bill highlights the ongoing debate over the constitutionality of religious-based reservations in India.

18 BJP MLAs suspended in Karnataka assembly amid protest

18 BJP MLAs suspended in Karnataka assembly amid protest

Rediff.com22 Mar 2025

Eighteen BJP MLAs were suspended for six months from the Karnataka Legislative Assembly for disrupting the budget session and disrespecting the Speaker. The incident occurred on the last day of the budget session, when the opposition BJP MLAs staged a massive protest over the allocation of a four percent reservation to Muslims in public contracts. The MLAs climbed onto the podium where the Speaker's chair is situated and threw papers at him.

Amritsar hooch toll rises to 21; 10 held, 2 cops suspended

Amritsar hooch toll rises to 21; 10 held, 2 cops suspended

Rediff.com14 May 2025

Police said they have made five arrests in the incident. Those arrested have been identified as Prabhjit Singh, the main accused, Kulbir Singh, Sahib Singh, Gurjant Singh and Ninder Kaur, they said.

Wheat procurement finally picks up

Wheat procurement finally picks up

Rediff.com28 Apr 2020

In total, the Centre plans to purchase around 40.7 million tonnes of wheat from farmers this year, which is almost 19 per cent more than last year.

Arming Armed Forces: India's Choice Not Trump's

Arming Armed Forces: India's Choice Not Trump's

Rediff.com17 Mar 2025

We need to equip the Indian Armed Forces, not 'commercial' as Trump wants, but 'operationally' looking at growing Chinese military capabilities, asserts Lieutenant General Prakash Katoch (retd).

130 Dalit families allowed temple entry in Bengal after 3 centuries

130 Dalit families allowed temple entry in Bengal after 3 centuries

Rediff.com13 Mar 2025

In a significant move, 130 Dalit families in West Bengal were finally allowed to enter the Gidheshwar Shiv Temple after being barred for nearly three centuries due to caste discrimination. The families, who are primarily cobblers and weavers, had faced social and economic exclusion for their attempts to worship at the temple. Local authorities intervened after multiple rounds of discussions with village elders, temple servants, and political leaders, leading to a resolution of the long-standing dispute.

Lodha vs Lodha: Latest twist in the family feud

Lodha vs Lodha: Latest twist in the family feud

Rediff.com2 Apr 2025

In a twist in the family feud, Abhishek Lodha-run Macrotech Developers on Wednesday alleged younger brother Abhinandan's firm fabricated documents to misuse the company's brand name to further its business interests.