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NEW DELHI: At least half a dozen executives from top Indian arms makers, including Adani Defence and Bharat Forge, attended rare meetings in Russia this year to discuss potential joint ventures, three people familiar with the matter said. The meetings took place during the first visit of India's defence business leaders to Russia since Moscow's 2022 invasion of Ukraine. The visit by the defence business leaders had not previously been reported. The Indian government is seeking to reorientate ...Read More >
NEW DELHI, Dec 9 (Reuters) - At least half a dozen executives from top Indian arms makers, including Adani Defence and Bharat Forge, attended rare meetings in Russia this year to discuss potential joint ventures, three people familiar with the matter said. The meetings took place during the first visit of India's defence business leaders to Russia since Moscow's 2022 invasion of Ukraine. The visit by the defence business leaders had not previously been reported. The Indian government is seeking ...Read More >
NEW DELHI, Dec 9 - At least half a dozen executives from top Indian arms makers, including Adani Defence and Bharat Forge, attended rare meetings in Russia this year to discuss potential joint ventures, three people familiar with the matter said. The meetings took place during the first visit of India's defence business leaders to Russia since Moscow's 2022 invasion of Ukraine. The visit by the defence business leaders had not previously been reported. The Indian government is seeking to reorie ...Read More >
NEW DELHI, Dec 15: Minister of Science & Technology Dr Jitendra Singh today introduced the landmark Sustainable Harnessing and Advancement of Nuclear Energy for Transforming India Bill, 2025 , that is "SHANTI" Bill 2025, in Parliament on Monday. The Bill aims to repeal both the Atomic Energy Act, 1962 and the Civil Liability for Nuclear Damage Act, 2010 and open India's highly restricted nuclear power sector to private participation. Last week, the Union Cabinet gave nod to the landmark atomic ...Read More >
New Delhi, Dec 15 (SocialNews.XYZ) The Central government on Monday rebutted fake information being circulated on social platforms, claiming that post-retirement benefits, including dearness allowance (DA) hikes and pay commission revision, will be withdrawn under the Finance Act 2025. "A message circulating on #WhatsApp claims that the Central Government has withdrawn post-retirement benefits like DA hikes and Pay Commission revisions for retired employees under the Finance Act 2025. The claim ...Read More >
Mumbai: Indian equity markets ended the week on a positive note after the Reserve Bank of India (RBI) announced a 25 basis point cut in the repo rate, bringing it down to 5.25 percent. The Monetary Policy Committee, led by Governor Sanjay Malhotra, also maintained a neutral policy stance. The central bank delivered a double surprise-cutting rates and sharply lowering the FY26 inflation forecast to 2 percent from 2.6 percent, while raising the growth projection to 7.3 percent from 6.8 percent. A ...Read More >
Mumbai, Dec 5 (SocialNews.XYZ) Indian stock markets ended higher on Friday after the Reserve Bank of India (RBI) cut the repo rate by 25 basis points to 5.25 per cent. The Monetary Policy Committee (MPC), led by Governor Sanjay Malhotra, also kept its policy stance neutral. Along with the rate cut, the RBI sharply lowered its inflation forecast for FY26 to 2 per cent from 2.6 per cent and increased its growth projection to 7.3 per cent from 6.8 per cent earlier. Following the announcement, th ...Read More >
The report highlighted LIC's May 2025 investment of USD 570 million (around Rs 5,000 crore) in Adani Ports & SEZ (APSEZ). Finance Minister Nirmala Sitharaman on Monday said her ministry does not issue advisory or directions to Life Insurance Corporation of India (LIC) regarding its investment decisions, and emphasised that the investments that the state-owned insurer made in Adani Group were as per established SOPs. India's largest insurer has, over the years, made investment decisions across ...Read More >
New Delhi, Nov 1 (SocialNews.XYZ) The government is not considering merging dearness allowance (DA) of central government employees with the basic pay, the Parliament was informed on Monday. With increasing speculation over the 8th Central Pay Commission, the Centre has clarified that no proposal is at present under consideration to give any interim relief to the central government employees. While replying to a written query in the Lok Sabha, Minister of State for Finance, Pankaj Chaudhary, s ...Read More >
New Delhi, Nov 20 (PTI) State-owned NHAI on Thursday said it is in the process of establishing Raajmarg Infra Investment Trust (RIIT) as a Public InvIT to unlock the monetization potential of National Highway assets. A Public Infrastructure Investment Trust (InvIT) is an investment vehicle that enables retail investors to directly invest in and earn income from a pool of operational infrastructure projects. Units of public InvITs are listed and traded on stock exchanges such as the National St ...Read More >
New Delhi, Nov 16 (PTI) Nearly half of Indian enterprises have moved beyond AI pilots to active deployment, with 47 per cent reporting multiple Generative AI use cases now live in production, according to a joint EY-CII report. However, despite strong belief in AI's promise, investment levels remain conservative, with more than 95 per cent of firms maintaining AI and ML budgets below 20 per cent of overall IT spending. "...nearly half of Indian enterprises (47 per cent) now have multiple Gener ...Read More >
New Delhi, Nov 13 (PTI) Patel Engineering on Thursday reported an 11.73 per cent fall in consolidated net profit to Rs 64.7 crore for the September quarter, and a fundraising plan of Rs 500 crore. It had clocked a net profit of Rs 73.3 crore in the July-September period of FY25, the company said in an exchange filing. The company, however, increased its income to Rs 1,271.6 crore in the second quarter, from Rs 1,230.9 crore in the year-ago period. For April-September FY26, the company saw its ...Read More >
New Delhi, Nov 13 (PTI) State-owned NBCC Ltd on Friday reported a 25 per cent increase in consolidated net profit to Rs 156.68 crore in the September quarter on higher income. Its net profit stood at Rs 125.13 crore in the year-ago period. Total income rose to Rs 3,017.15 crore in the July-September period of the current fiscal year from Rs 2,512.95 crore in the corresponding period of the preceding year, according to a regulatory filing. NBCC is into engineering, procurement and construction ...Read More >
Agartala, Nov 11 (SocialNews.XYZ) In a major push to boost power generation amid a natural gas shortage, the Tripura government will introduce Combined Cycle Gas Turbine (CCGT) technology at the Rukhia Power Plant in Sepahijala district, increasing its generation capacity by 120 megawatt (MW). Power Minister Ratan Lal Nath said on Monday that the foundation stone and Bhumi Pujan for the project will be held on November 26. Nath, who also holds the Agriculture portfolio, said that despite the o ...Read More >
Coal for these plants would be sourced from CIL's Jharkhand-based subsidiary, Central Coalfields Ltd. The estimated project cost is pegged at nearly Rs 21,000 crore and would be on a 50:50 equity sharing basis. The project cost includes the development, construction, and commissioning of both units. The plants are targeted to commence commercial operations by 2031-32, aligning with India's expanding energy demand. State-owned CIL on Friday said it has entered into a partnership with Damodar Val ...Read More >
Jamshedpur: As Ghatshila gears up for the Assembly by-election scheduled on November 11, 2025, the District Election Office has reminded voters that they can cast their votes even if they do not possess their Voter Photo Identity Card (EPIC) on polling day. To ensure that no eligible voter is deprived of their democratic right, the Election Commission has allowed the use of 12 alternative photo-bearing identity documents for identification at polling stations. According to official instructions ...Read More >
New Delhi, Nov 7 (PTI) Airports Authority of India (AAI) on Friday evening said the technical issue in the air traffic control's Automatic Message Switching System (AMSS) that had caused flight delays at the Delhi airport has been addressed and that the system "up and functional now". AAI also said that due to some backlogs, there may be some delays in the normal functioning of automated operations, but the situation will be normal soon. The state-owned AAI said the issue was detected in the I ...Read More >
New Delhi: India's energy security could face serious disruption as US President Donald Trump's administration moves to widen secondary sanctions targeting major Russian oil companies, former Foreign Secretary Shyam Saran has warned. He said Washington's latest pressure directly affects India's biggest importers, including Reliance Industries, which remain tied to the US financial system. In an interview with The Wire, he said Trump's geopolitical priorities have shifted away from the earlier I ...Read More >
India's state-owned Hindustan Aeronautics Ltd (HAL) has signed a memorandum of understanding with Russia's United Aircraft Corporation (UAC) to co-produce civil commuter aircraft a landmark step toward manufacturing India's first passenger jet. The deal, signed in Moscow, focuses on producing the SJ-100 twin-engine, 100-seater aircraft for India's domestic market. HAL and UAC already share a long-standing defense partnership, having collaborated on India's Sukhoi Su-30MKI fighter jets. Why It ...Read More >
NEW DELHI: India's state-owned aeronautics firm has signed a deal with a Russian aircraft manufacturer currently under United States and European sanctions. Hindustan Aeronautics Limited announced the agreement with United Aircraft Corporation to manufacture civil passenger aircraft in India for the first time. Defence Minister Rajnath Singh hailed this development as a landmark step for the Indian civil aviation sector. He stated the partnership would create jobs and boost national self-reli ...Read More >
Bengaluru (Karnataka) [India], October 28 (ANI): Bharatiya Janata Party (BJP) MP Tejasvi Surya on Tuesday met Karnataka Deputy Chief Minister D K Shivakumar at his residence to discuss the proposed Bengaluru Tunnel Road project. Speaking to reporters after his meeting, Surya described the discussion as "very cordial and meaningful," and said it focused on long-term solutions to decongest Bengaluru. He emphasised that the city's mobility planning should prioritise public transport over car-centr ...Read More >
State-owned Convergence Energy Services (CESL) is set to open a mega tender next month to procure 10,900 electric buses for cities including Hyderabad, Surat, Ahmedabad, Delhi and Bengaluru, marking a significant step in India's transition to zero-emission public transport. As per PTI, the tender is scheduled to open on 6 November 2025, comes under the National Electric Bus Programme and will cover multiple bus categories, including Standard Floor, Low Floor, and BRT models, both AC and non-AC. ...Read More >
New Delhi, October 28: The Union Cabinet, chaired by Prime Minister Narendra Modi, on Tuesday approved the Terms of Reference of the 8th Central Pay Commission, which will take up the issue of increasing salaries of Central government employees and payments to pensioners. The 8th Central Pay Commission will be a temporary body. The Commission will comprise one Chairperson; one Member (part-time) and one Member-Secretary. It will make its recommendations within 18 months of the date of its consti ...Read More >
8th Pay Commission Update: The Union Cabinet on Tuesday approved the Terms of Reference (ToR) for the 8th Central Pay Commission (CPC), which will revise the salaries of nearly 50 lakh central government employees and benefits for about 69 lakh pensioners. Announcing the decision after the Cabinet meeting, Union Minister Ashwini Vaishnaw said the ToR had been finalised following extensive consultations with various ministries, state governments, and the staff side of the Joint Consultative Mach ...Read More >
Jaipur, Oct 28 (PTI) The Anti-Corruption Bureau in Rajasthan has booked a senior official in the Department of Information Technology and Communication, his wife, and one of his colleagues in a corruption case involving channelling of bribe money through two private companies, officials said. Pradyuman Dixit and Rakesh Kumar Kamlesh, joint director and deputy director in Rajcomp Info Services Ltd, respectively, have been accused of facilitating bribe payments under the guise of fraudulent contr ...Read More >
In a setback for the Chief Minister Siddaramaiah-led government, the Karnataka High Court on Tuesday paused the order that mandated prior permission for gatherings of over 10 people in public spaces. The state government on October 18 issued an order making prior permission mandatory for any private organisations, associations or a group of persons to use government property or premises for their activities, with the Bharatiya Janata Party (BJP) saying that the move was aimed at restricting the ...Read More >
Dharwad: In a major setback to the Congress-led government in Karnataka, the High Court's Dharwad Bench on Tuesday issued an interim stay on the order, which made prior approval from authority's mandatory for holding events in public and state-owned venues. The government had issued the order recently following a letter from Minister for RDPR, IT and BT Priyank Kharge to Chief Minister Siddaramaiah, urging a ban on Rashtriya Swayamsevak Sangh (RSS) activities in public places and government-own ...Read More >
Currently, the IAF operates six Russian-origin Il-78 mid-air refuelling aircraft based in Agra, which support fighter operations across the Air Force and the Navy. The Indian Air Force (IAF) is likely to award an around Rs 8,000 crore contract to Israel Aircraft Industries (IAI) for six mid-air refuelling aircraft, ANI reported, citing defence sources. The Israel government-owned company has emerged as the single vendor in the long-pending deal. According to ANI, if finalised, IAI would modify ...Read More >
New Delhi: After a gap of about three years, Russia is back among India's top five sources of steel, as Western sanctions force Moscow to reroute exports to Asia. The discounted shipments underscore the stress on Russian exports and India's rising demand for electrical steel used in transformers and electric motors. India imported the highest quantum of electrical sheets -- a kind of speciality steel -- from China, followed by Russia, for the six months ended September, steel ministry data show ...Read More >
Sensex Today: Q2 results, ongoing US-India trade talks, renewed hopes around the US-China trade deal, and strong global cues are expected to guide Indian benchmark indices -- Sensex and Nifty -- on Monday, the first trading session of the week. At around 7:10 AM, GIFT Nifty futures were trading 109 points lower at 25,923, suggesting a positive start for domestic markets. Global cues Asian markets opened strong on Monday, tracking Wall Street's record rally and optimism over progress in US-Chi ...Read More >
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