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Navantia for submission of a techno-commercial bid for the Indian Navy’s prestigious P75 (India) submarine programme. P75 (India) Submarine Project is expected to be valued at €4.8 billion (over Rs 43,500 crore) and is India‘s largest defence acquisition project.Project 75 (I) requires the Indian bidder to tie up with a Foreign Collaborator (FC) and execute the program for delivery of six conventional submarines equipped with Air-Independent Propulsion (AIP), while achieving targeted Indigenous Content.

This article is part of our Summer reads series. Visit the full collection for book lists, guest essays and more seasonal distractions. In 1786 William Jones, a British civil servant in Calcutta, told the Asiatic Society that Sanskrit had too much in common with Greek, Latin and other European languages for it to be by chance.

Hindustan Times report cited.  While details of the defense deals remain undisclosed, it is understood that India and France will sign a defense-industrial roadmap aimed at enhancing India's manufacturing of hardware platforms through indigenous engines and technologies. Furthermore, PM Modi and French President Emmanuel Macron are set to unveil a bilateral roadmap for the Indo-Pacific, outlining specific measures to ensure maritime security and freedom of navigation in the region, which has been a subject of contention with a rising China.

Meta will provide a one-off funding increase to its news offering in an attempt to crack down on misinformation in the lead up to the referendum over whether to introduce an Indigenous Voice to parliament.

Bank of England Governor Andrew Bailey rejected the need for an inflation target higher than 2%, warning that changing the goal would «unpick expectations.» He told a conference in Aix-en-Provence in France that the BOE has flexibility built into its remit that can give the central bank longer to bring price growth down but that it was «critical that flexibility isn't confused with not pursuing 2%.» The BOE is grappling with inflation at 8.7%, over four times its remit. It raised rates by a surprise half point to 5% last month.

European Central Bank is nearly finished raising interest rates, but will then keep them at a «high plateau» to ensure they fully impact the economy, Governing Council member Francois Villeroy de Galhau said. The ECB's record cycle of tightening will bring inflation toward its target of 2% by 2025, the Bank of France governor said. Price growth in France has already passed its peak, slowing to 5.3% from above 7% earlier this year, he added.

Narendra Modi's upcoming visit to Paris. The PM will visit France on July 13 and 14 and is the guest of honour at the Bastille Day Parade. He will be accompanied by a business delegation of top CEOs.

AIX-EN-PROVENCE, France (Reuters) — France's central bank head Francois Villeroy de Galhau pushed back on Sunday against a suggestion from some French economists to raise the European Central Bank's (ECB) 2% inflation target.

PARIS (Reuters) — French Finance Minister Bruno Le Maire on Sunday said he was «very hopeful» Tesla (NASDAQ:TSLA) Chief Executive Elon Musk will pick France for a substantial investment linked to the production of electric vehicles in Europe.

India-Sri Lanka ties have strengthened the friendship and all-around cooperation between the two countries, according to the news agency PTI.  “We were the first creditor nation in January this year to convey the financing assurances needed to kick start the IMF process. India will continue to play a constructive role as a Co-Chair of the Creditors Committee along with Japan and the Paris Club," he said.

CIC news cited Canada’s immigration minister has a mandate to promote the French language outside of Quebec. In a release announcing the draw for French-speaking Express Entry candidates IRCC said by prioritizing the invitation of French-speaking newcomers, Canada aims to support economic growth through Francophone immigration outside Quebec while recognizing how it enriches and strengthens these communities.

Sri Lanka's efforts for recovery from the worst economic crisis. Addressing the inauguration ceremony of the Construction, Power and Energy Expo 2023 in Colombo on Friday, India's Deputy High Commissioner Vinod K Jacob said that recent developments in India-Sri Lanka ties have strengthened the friendship and all-around cooperation between the two countries. «We were the first creditor nation in January this year to convey the financing assurances needed to kick start the IMF process. India will continue to play a constructive role as a Co-Chair of the Creditors Committee along with Japan and the Paris Club,» he said. India in January this year became the first country to hand over its letter of support for financing and debt restructuring of Sri Lanka to the International Monetary Fund (IMF). In May this year, 17 countries that have extended loans to Sri Lanka formed an official creditor committee' co-chaired by India, Japan, and France, to discuss Sri Lanka's request for debt treatment. Paris Club is a group of officials from major creditor countries whose role is to find coordinated and sustainable solutions to the payment difficulties experienced by debtor countries.

NEW DELHI: The government is likely to sign a deal for the purchase of naval version of Rafale fighter jets from France, for which the final decision is likely in the defence acquisition council meeting before PM Narendra Modi leaves for France next week. The PM will be in France on July 13-14 during which he will be the Guest of Honour at the Bastille Day Parade. The multi-billion dollar deal for 24-30 Rafale-Marine jets is likely to be announced during his two-day visit. Sources said that the Indian Navy has expressed

Airport, just south of Los Angeles, where a small corporate jet crashed and caught fire, resulting in the loss of all six individuals on board. The aircraft involved was identified as a Cessna C550 business jet, which had been traveling from Las Vegas.

Rugby Championship in South Africa will provide a perfect stage to assess preparedness ahead of the Rugby World Cup in France. Southern hemisphere rugby powerhouses Australia, Argentina, New Zealand and South Africa are taking on each other to address respective concerns ahead of the crucial tournament in France. The Rugby Championship fixture list has been cut from six games to three to allow for World Cup warm-up matches. South Africa host Australia in Pretoria and New Zealand travel to Mendoza to meet Argentina in the opening fixtures on Saturday.

Mark Cavendish, former world champion Mads Pedersen showcased his prowess by securing a second-stage victory at the Tour de France. With an impressive surge of power, Pedersen emerged victorious in a mass sprint during the 201-kilometre (125-mile) eighth stage from Libourne to Limoges in central France. Defending champion Jonas Vingegaard retained the coveted yellow jersey. Pedersen demonstrated exceptional strength along the lengthy final stretch, fending off a late charge from Jasper Philipsen, who had previously claimed victory in all three sprints earlier in the race. The 2023 Tour de France's eighth stage covered a challenging 200.7km route from Libourne to Limoges. Starting in the renowned wine region of Bordeaux, the stage meandered through the hilly landscapes of the Dordogne and Limousin regions. The course presented four categorized climbs, including the Côte de Champs-Romain (303m), the Côte de la Crouzille (323m), the Côte de Saint-Sylvestre (302m), and the Côte de la Bussière (353m). The final ascent, the Côte de la Croix-de-Perche (289m), spanned 4.8km with an average gradient of 5.5%.

By Andrius Sytas

(Reuters) -All six people aboard a small corporate jet died when the aircraft crashed and burned in a field near an airport outside the Los Angeles area early on Saturday, local and federal authorities said.

By Juliette Jabkhiro and Tassilo Hummel

Make sure your device is unlocked. If a device is locked to a specific carrier, it might not be able to access another wireless service. Research your provider.

NBA enthusiasts waited for hours as Victor Wembanyama made his debut in the Las Vegas Summer League. Thousands of his fans bought the ticket for USD 150 and queued up at the gate of Thomas and Mack Arena for hours to secure a good seat so they could see the 7 ft3 big man in action for the first time. Fans packed the arena, craned for a better view of the debutant. Superstars like DeMar DeRozan, Trae Young, and the former great Kareem Abdur Jabbar reached there to applaud the new player. Wembanyama did not disappoint the crowd completely, but he could not shine beyond a point as well. He blocked pick number 2 Brandon Miller’s 3-point attempt and air-balled a 3 in the second quarter. But he struggled with his positioning and it appeared that he needed more strength to reach his spots effectively.Kai Jones was the player who received the greatest cheers. Acknowledging that his game was not up to the expectations, Wembanyama told journalists after the game that he did not know what he was doing o the court and that he would learn many things from the next game. His first game will be remembered as a dud.