RBI keeps policy rate unchanged fourth time in a row
NEW DELHI: Reserve Bank of India (RBI) on Friday decided to leave benchmark interest rate unchanged at 4 per cent but maintained an accommodative stance, implying rate cuts in the future if need arises to support the economy hit by the COVID-19 pandemic. The benchmark repurchase (repo) rate has been left unchanged at 4 per […]
Pfizer withdraws emergency use bid of its COVID-19 vaccine in India
NEW DELHI: Pfizer Inc has withdrawn an application for emergency-use authorisation of its COVID-19 vaccine in India that it has developed with Germany’s BioNTech, the company told the Reuters news agency on Friday. The United States company, which was the first drugmaker to apply for emergency use authorisation of its COVID-19 vaccine in India, had […]
Strategic location of Dholera will act as a catalyst in the development of Gujarat:Vijay Rupani
NEW DELHI: Dholera Industrial City Development limited (DICDL) in association with the Government of Gujarat participated in the 13th edition of Aero India 2021 at Bengaluru, Karnataka. DICDL showcased all its initiatives which significantly benefits potential businesses and also illustrated a host of investment opportunities in the vibrant economic corridor. Aligned with Prime Minister Narendra […]
Crown Group signs MoU with TIDCO
NEW DELHI: The Crown Group formally announced its agreement with the Tamil Nadu Industrial Development Corporation (TIDCO). As a part of the MoU, the Crown Group would develop an Integrated Aerospace Cluster as a part of the Tamil Nadu Defence Corridor, adjoining Salem Airport, located in Tamil Nadu. The Cluster will house India’s first-ever indigenous […]
Tejas priced at Rs 309 crore
NEW DELHI: Indian state-owned Hindustan Aeronautics Limited (HAL) CMD R Madhavan has said that country’s indigenous fighter machine Tejas cost will be Rs 309 crore and Rs 280 crore for the trainer version of the fighter craft. Day before yesterday at Inaugural Ceremony of Aero India 2021, in the presence of Raksha Mantri (Defence Minister) […]
Spicetree Design Agency to take care of Welspun One Logistics Parks’ design requirements
NEW DELHI: Welspun One Logistics Parks (WOLP), India’s answer to the future of warehouses, has awarded Spicetree Design Agency (SDA) with its complete design mandate. Sailing through the multi-agency pitch process, SDA, the Mumbai-based popular marketing agency bagged this coveted account and will handle all its design requirements across all platforms and mediums. Following the […]
SBI Q3 standalone net falls 7 per cent to Rs 5,196 crore
NEW DELHI: Country’s largest lender State Bank of India (SBI) on Thursday posted nearly 7 per cent fall in its standalone net profit at Rs 5,196.22 crore for the third quarter ended December. The bank had posted net profit of Rs 5,583.36 crore in the October-December period of the previous fiscal. Total income (standalone) also […]
Coal India signs Rs 2,900 crore pact for procurement of dumpers
NEW DELHI: State-owned Cola India Limited (CIL) on Wednesday said it has entered into a pact worth Rs 2,900 crore with a Belarus-based mining equipment manufacturer for purchase of dumpers. The pact is for purchase of 96 dumpers of 240 tonne capacity each, Coal India Ltd (CIL) said in a statement. ‘CIL on Saturday last […]
Praveen Sinha appointed acting CBI chief
NEW DELHI: CBI Additional Director Praveen Sinha, a 1988-batch Gujarat cadre IPS, has been appointed acting chief of the agency till a decision on a new director is taken to succeed Rishi Kumar Shukla who retired on Wednesday after a two-year fixed stint. The Appointments Committee of the Cabinet chaired by Prime Minister Narendra Modi […]
Sensex rallies 458 points to end above 50K for first time; Nifty tops 14,750
MUMBAI:Extending its Budget bull run for the third day, the Sensex rallied 458 points to end above the 50,000 mark for the first time ever on Wednesday, led by broad-based gains amid positive cues from global markets. After touching a record intra-day high of 50,526.39, the 30-share index ended at 50,255.75, up 458.03 points or […]
Rs. 48,000 contract for 83 Light Combat Aircraft Tejas handed over to HAL
NEW DELHI: Today at Inaugural Ceremony of Aero India 2021, in the presence of Raksha Mantri (Defence Minister) Rajnath Singh, the Contract for 83 Light Combat Aircraft Tejas was handed over to Hindustan Aeronautics Limited (HAL). The Cabinet Committee on Security under the Chairmanship of Prime Minister Narendra Modi had approved procurement of 73 LCA […]
India will spend $130 billion on military modernisation says Rajnath Singh amid border row with China
BENGALURU: India is vigilant in the face of attempts to change status quo at its border and prepared to defeat any misadventures to defend its territorial integrity, Defence Minister Rajnath Singh said on Wednesday, amid the continued military standoff with China. “We have long witnessed unfortunate attempts to employ force to change the status quo at […]
Crown Group ties up with United Shipbuilding Corporation of Russia
NEW DELHI: To provide its best contribution and impetus to the Atmanirbhar Bharat’ mission for the nation as envisaged under the leadership of Prime Minister Narendra Modi, OSK India Pvt. Ltd. (OIPL), a Crown Group Company,today signed an MoU with United Shipbuilding Corporation of Russia, to provide augmented indigenous product and services support to the […]
Rajnath Singh inaugurates Dassault Systèmes showcase at Aero India
NEW DELHI: With the theme of showcasing “Digitalization to realize a thriving Aerospace, Defense and Space ecosystem,” Dassault Systèmes at the 13th edition of Aero India 2021 showcases technology solutions to Improve Supply Chain Collaboration, to Design for Flexible Manufacturing, to Manage Complex Systems and Accelerate Program Integration and to Deliver High Performance Operations. Experts […]
RAC MiG joins hands with Aviatech Enterprises
NEW DELHI: Aviatech Enterprises Pvt. Ltd. (AEPL), a Crown Group Company, specialising in defence aerospace MRO and Aviation Engineering services including engineering design, Manufacture, Product development and Production for Indigenisation and NABL accredited Calibration facility,today announced that it has entered into a ‘Framework Agreement’ with joint stock company RAC MiG. AEPL will be the in-country […]
India inaugurates HAL’s second LCA Plant, Calls LCA pride of country
BENGALURU: India’s Defence Minister Rajnath Singh inaugurated the second plant of HAL’s LCA Division here today. He lauded the efforts made by HAL to increase the production capacity of LCA which is going to be the backbone of IAF fighter fleet in years to come. “HAL’s new LCA facility is example of how ‘Aatmanirbhar Bharat’ […]