India Financial News

defence production hit a record high of Rs 1.27 lakh crore in 2023-24, with the country exporting military hardware to over 90 nations, Defence Minister Rajnath Singh announced on Wednesday. The milestone aligns with the 10th anniversary of the 'Make in India' programme under the NDA government. Started under Prime Minister Narendra Modi, this initiative aimed to achieve self-reliance across various sectors, including defence. Singh noted, «Ten years since then, many reforms have been made in every sector including the defence sector. India is rising on the defence industrial landscape of the world.» In recent years, several measures were taken to promote domestic defence manufacturing, focusing on enhancing military preparedness, particularly along the China border. Defence exports surpassed Rs 21,000 crore for the first time in 2023-24. The ministry targets increasing this to Rs 50,000 crore within five years.

Uttar Pradesh government is looking to offer job opportunities to youths in the advanced technology areas such as artificial intelligence (AI), and software and electronics sectors as it invites multinationals to put in big-ticket investments in India's northern state. «We should be focused on providing high-end jobs to our youth in areas like AI, electronics, and software. The foreign direct policy of Uttar Pradesh allows us to partner with big investors,» Awanish Kumar Awasthi, Advisor to UP Chief Minister Yogi Adityanath said. Awasthi further said that the government expects the private sector to set up their bases in the state, and provide employment opportunities to the youth.

Hindustan Aeronautics (HAL) has sanctioned TimeTooth Technologies to develop and supply Rotor Damper systems for the Advanced Light Helicopter (ALH Dhruv) and Light Combat Helicopter (LCH Prachand) programmes. ALH-Dhruv is an indigenously developed utility aircraft by HAL with a twin-engine and has a multi-role, multi-mission dimension to it. The HAL Prachand is an Indian multi-role light attack helicopter designed and manufactured by HAL under Project LCH. A Bengaluru-based engineering solutions company, TimeTooth Technologies has been at the forefront of developing mission-critical systems in the Defence, Aerospace and Medical sectors. It boasts of achievements like design and development of India’s first aircraft passenger seat, indigenously designed and developed landing gear systems for ISRO’s ambitious Reusable Launch Vehicle experiment, energy absorbing seats for helicopters and combat vehicles.

Shriram Finance has raised $500 million by selling a three-and-a-half-year fixed rate dollar bond at 6.15% to investors across the globe. Strong investor demand helped the company price the bond much lower than initial guidance of 6.50%. «We saw demand of more than $1.5 billion which helped squeeze the pricing at the lower end of the band ultimately. Shriram is a known name in the overseas market so it is possible that they will look at another issue soon,» said a person familiar with the transaction.

A rock climber scaling Wyoming’s Devils Tower National Monument fell to his death last weekend, leaving his partner stranded on a dangerous pitch.

Mohsin Akhtar Mir. The Times of India has reported that according to sources from a Mumbai court, the decision was made several months ago, and the split is not believed to be on mutual terms. While the reasons for the divorce have not been publicly disclosed, rumors have swirled about the couple’s separation, leaving fans and followers surprised.

India Power Corporation Ltd.(up 9.08%), Reliance Power Ltd.(up 5.00%), Ravindra Energy Ltd.(up 5.00%), Indo Tech Transformers Ltd.(up 5.00%), KPI Green Energy Ltd.(up 4.30%), Power Grid Corporation of India Ltd.(up 4.22%), Hitachi Energy India Ltd.(up 2.87%), KEC International Ltd.(up 2.05%), Gujarat Industries Power Company Ltd.(up 1.64%) and CESC Ltd.(up 1.59%) were among the top gainers.

Nuh, counted amongst the country's most backward areas, Rabia Kidwai has broken a glass ceiling — becoming the first woman to contest Assembly polls from the constituency where women are rarely seen without a veil, let alone lead a political campaign and fight an election. While the 34-year-old businesswoman from Gurguram is aware of the myriad challenges that confronts her — the deep-rooted gender bias, the outsider tag in Nuh, the general lack of awareness and education among voters, and seasoned political opponents — she also knows she represents a change which is precisely why, she feels, people would vote for her in these assembly polls in Haryana. Kidwai, granddaughter of former state Governor Akhlaq Ur Rehman Kidwai, has been fielded by the Aam Aadmi Party (AAP). Up against her are battle-hardened Congress MLA Aftab Ahmed and Indian National Lok Dal's Tahir Hussain, who also holds sway among the locals. Kidwai is up for the challenge though, banking on her family's political lineage and her being a woman. As the polling day nears, she is busy campaigning, seeking votes for herself and her party.

20 Microns Ltd.(up 3.40%), The Orissa Minerals Development Company Ltd.(up 2.30%), Lexus Granito(India)Ltd.(up 2.26%), NMDC Ltd.(up 2.00%), MOIL Ltd.(up 1.63%), Madhav Marbles & Granites Ltd.(up 0.95%), KIOCL Ltd.(up 0.30%), Gujarat Mineral Development Corporation Ltd.(up 0.29%), Ashapura Minechem Ltd.(up 0.25%) and Sandur Manganese & Iron Ores Ltd.(up 0.10%) were among the top gainers.

Subscribe to enjoy similar stories. The war in West Asia has intensified. With its Gaza operations against Hamas not yet over, Israel has aimed its firepower at Hezbollah, an Iran-backed militia based in Lebanon to its north.

Jaishankar highlighted India's role as co-chair of Working Group 1 in global efforts to combat the illicit manufacture and trafficking of synthetic drugs. He was addressing the Summit for the Global Coalition to Address Synthetic Drug Threats on Tuesday (local time). Taking to social media platform X, Jaishankar stated that India had faced a lot of challenges due to the nexus between terrorist organisations, narco-trafficking and cross-border rackets.

Omar Abdullah, officials said. The voting began at 7 am across the 26 assembly constituencies amidst tight security arrangements, the officials said. They said these assembly constituencies are spread over six districts — three in the Valley and as many in the Jammu division. The Election Commission of India has established 3,502 polling stations in these segments. There are 1,056 urban polling stations and 2,446 rural polling stations, the officials said.

market regulator for its proposed $1.25-billion public issue, investment banking sources told ET, reflecting the growing appetite for new-age investment choices in a country witnessing an unprecedented consumer boom. The Bengaluru-based company had filed draft papers for the IPO with the Securities and Exchange Board of India (Sebi) through the confidential filing route in April this year.

Jaishankar, said that when he said that 75 per cent of the border dispute between the two countries have been sorted, he is only talking about the 'disengagement' part, while adding that challenge persists in other aspects. While addressing the Asia Society at the Asia Society Policy Institute on Tuesday (local time), the Foreign Minister highlighted how China violated the previous agreements during Covid pandemic, by increasing the troop deployment at the border, eventually resulting in clashes resulting in casualties on both sides. This incident, according to Jaishankar, has overshadowed the bilateral relationship.

This is part of a series of interviews with the winners of The Economic Times Startup Awards 2024. Aniket Doegar's vision for Haqdarshak was to create a network of 'government scheme consultants' for Indians, similar to how Life Insurance Corporation of India developed a network of insurance agents across the country. Founded in 2016, Bengaluru-based Haqdarshak provides a ‘Yojana’ card to blue-collar workers, farmers, and factory employees, giving them access to Union government social security programmes as a protective layer for their lives.

Subscribe to enjoy similar stories. New Delhi: Thai energy firm Banpu Public Co. Ltd has joined the fray to acquire Eversource Capital-backed Radiance Renewables Pvt.

Subscribe to enjoy similar stories. Mumbai: China’s latest push to revive its struggling real estate sector could benefit Indian steelmakers but may still not be enough to resolve high steel imports from India’s neighbour, according to experts. “The stimulus should improve domestic steel demand in China, which would be positive for the global market," said Ranjan Dhar, director and vice-president, sales and marketing, ArcelorMittal Nippon Steel India (AM/NS).

Subscribe to enjoy similar stories. New Delhi: Complaints against Ayurvedic products that make exaggerated, misleading or deceptive claims to be better than modern medicine can now be filed on a dedicated government portal, two people directly involved with the process said.

Subscribe to enjoy similar stories. New Delhi: Foreign streaming apps new to India's crowded market are taking baby steps, as low returns in a price-conscious market deter them from making big bets with local originals. While Warner Bros has indefinitely delayed the launch of its streaming app HBO Max, and instead licensed content to JioCinema, Apple has tied up with Bharti Airtel for Airtel XStream customers to offer Apple TV+, which won't have any local originals.

Jujutsu Kaisen Chapter 271 promises new developments in the storyline. It will be available on Sunday, September 30, 2024.

One Piece fans await the release of Chapter 1128. The new chapter is scheduled for October 6, 2024.