Tejas LCA MkIAs fighter aircrafts | Photo Credit: MURALI KUMAR K Hindustan Aeronautics Ltd (HAL) on Monday received the second of twelve F404-IN20 engines from United States-based GE to power Tejas LCA MkIAs fighter aircrafts, sources in defence establishment said. The Maharatna defence public sector undertaking (PSU), HAL, will receive ten more F404-IN20 engines by … Read more
Tesla Regional Director Isabel Fan with the company’s Model Y at its newly-inaugurated showroom, at Bandra Kurla Complex (BKC), in Mumbai, Tuesday | Photo Credit: PTI/SHASHANK PARADE Tesla Inc opened its first India showroom, showcasing Model Y cars priced at nearly ₹60 lakh, as Elon Musk’s electric-vehicle maker looks to tap new markets and offset … Read more
The ₹3,395-crore IPO of the Bengaluru-based Anthem Biosciences Ltd (ABL) enters Day 2 with moderate success, as the issue received bids for nearly 75 per cent. The IPO closes on July 16. The price band has been set at ₹540-570 per share. The market lot is 26 shares. The issue is entirely an offer-for-sale (OFS) by promoters … Read more
The land will be used to expand production and commission metro and Vande Bharat train coaches, with a state-of-the-art testing facility and dedicated test track. The West Bengal Cabinet on Monday cleared decks for the transfer of around 40 acres of land out of a total of around 395 acres, earlier possessed by the C.K. … Read more
The Gujarat government on Monday appointed Kerala-cadre IAS officer Sanjay Kaul as the new Managing Director and Chief Executive Officer (CEO) of Gujarat International Finance Tec-City Company Ltd (GIFT City Co. Ltd), a state-government owned entity that has been spearheading infrastructure development for this finance hub in Gujarat. A 2001-batch IAS officer, Kaul will take … Read more
India’s quality control order on copper cathodes is likely to reduce domestic availability due to “costly and unnecessary compliance burdens” on foreign suppliers, the Bombay Metal Exchange said. India, the world’s second-largest importer of refined copper, imposed quality controls on copper cathode imports in December, requiring all suppliers, foreign and domestic, to ensure there were … Read more
Actor B Saroja Devi | Photo Credit: BHAGYA PRAKASH Veteran South Indian Actor B Saroja Devi died here on Monday, film industry sources said. She was 87 years old. She died due to age-related ailments at her residence in Malleswaram, Bengaluru, according to sources. She was fondly called ‘Kannadathu Paingili’ (Kannada’s parrot) and ‘Abhinaya Saraswathi’ … Read more
Housing and Urban Development Corporation Ltd (HUDCO) has signed a Memorandum of Understanding (MoU) with Madhya Pradesh Urban Development Company Ltd (MPUDCL). The non-binding MoU has been signed to extend financial assistance for an amount of ₹1 lakh crore over a period of five years for housing and infrastructure projects in Madhya Pradesh. HUDCO will … Read more
A small plane crashed at London Southend Airport, police said Sunday. In a statement, Essex Police said it was alerted just before 4 pm local time to the “serious incident” at the relatively small airport, which is around 45 miles (72 kilometres) east of the capital. Images posted on social media show a plume of … Read more
Proxy advisory firm InGovern Research has raised concern over serious lapses in Care Health Insurance, a subsidiary of Religare Enterprises. InGovern said that any governance lapses and regulatory breaches surrounding the grant of ESOPs worth over ₹400 crore to Dr Rashmi Saluja, Chairperson of Religare Enterprises and Non-Executive Director at CHIL should be clawed back. … Read more