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NEW DELHI: The largest contract for 97 Tejas Mark-1A fi-ghters, worth Rs 66,500 crore, is all set to be inked with Hindustan Aeronautics Limited, though IAF is yet to get even the first such ‘improved’ jet of the 83 ordered earlier for Rs 46,898 crore in Feb 2021.The mega 97-jet contract for the fourth-generation Tejas…
NEW DELHI: Aiming to position India among the global shipbuilding elite, the govt Wednesday approved an umbrella package involving nearly Rs 70,000 crore in investment in the maritime sector, currently dominated by China, South Korea and Japan. Shipping ministry officials said this marks the most significant reform in the sector since Independence.Announcing the decision, I&B…
NEW DELHI: India’s medical education system is set for its biggest expansion yet, with the Cabinet on Wednesday approving the creation of 5,000 new postgraduate seats and 5,023 MBBS seats in govt institutions. It also cleared the Department of Scientific and Industrial Research’s (DSIR) Capacity Building and Human Resource Development scheme with an outlay of…
The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, on Wednesday approved the doubling of the 104 km Bakhtiyarpur–Rajgir–Tilaiya railway line in Bihar at an estimated cost of Rs 2,192 crore.The project will expand the Indian Railways network across four districts and improve connectivity to important destinations such as Rajgir, Nalanda and…
India’s mutual fund industry continues its strong growth trajectory, scaling a fresh peak in August 2025, with assets under management (AUM) touching an all-time high of Rs 75.19 lakh crore — up 12.7% from Rs 66.7 lakh crore a year ago, according to a Franklin Templeton report.Equity-oriented schemes continue to dominate, with AUM at Rs…
The Union Cabinet on Wednesday approved payment of Productivity Linked Bonus (PLB) equivalent to 78 days’ wages to railway employees, with a financial implication of Rs 1,865.68 crore.The decision, taken at a meeting chaired by Prime Minister Narendra Modi, will benefit about 10.91 lakh non-gazetted employees of the Indian Railways. The bonus is paid annually…
The government has introduced the Shipbuilding Development Scheme (SbDS) with Rs.19,989 crore funding. (AI image) Prime Minister Narendra Modi-led Cabinet on Wednesday announced Rs 69,725 crore reforms in the shipbuilding and maritime development sector.The initiative aims to enhance India’s shipbuilding and maritime infrastructure. This strategic package incorporates four key elements focused on strengthening domestic capabilities,…
Rs 3,745 cr investment cleared by Cabinet pane (Image credits: ANI) In a major boost to both industry and agriculture in Telangana, the state’s Industrial Promotion Cabinet sub-committee has approved investments worth Rs 3,745 crore from three multinational companies. The projects are expected to generate direct employment for 1,518 people.Deputy chief minister Bhatti Vikramarka Mallu,…
(Picture Courtesy: Facebook) Kalyani Priyadarshan has literally hit it out of the park with her superhero flick ‘Lokah’ which continues its winning run at the box office. According to the recent updates, the movie has crossed the Rs 140 crore milestone within 27 days of release. Nearing the coveted 150-crore mark According to early estimates…
(Picture Courtesy: Facebook) A financial fraud has happened in Chennai, involving the family of actor Suriya’s domestic help. The victim in this case was none other than the ‘Retro’ actor’s police security officer (PSO), Anthony George Prabhu, who was duped of Rs 42 lakh.As reported by India Today, police investigations revealed that the incident was…
