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Flying Wedge Defence unveils prototype of India's first indigenous autonomous fighter jet

New Delhi, Oct. 13 -- Bengaluru-based start-up Flying Wedge Defence & Aerospace (FWDA) on Tuesday unveiled a static-prototype of the 'FWD Supreme', the country's first indigenous autonomous fighte... Read More


RBI drains out Rs.25,000 cr liquidity via OMO sale of G-Secs

New Delhi, Oct. 13 -- The Reserve Bank of India (RBI) conducted an open market operation (OMO) sale of Government Securities (G-Secs) to absorb Rs.25,000 crore from the banking system, which continues... Read More


F2A secures Rs.3,000 crore in subscriptions, targets Rs.3,500 crore corpus

New Delhi, Oct. 13 -- Fundamentum Frontier Advisors (F2A), a fund focused on growth-stage artificial intelligence (AI) and deep-tech companies, has secured Rs.3,000 crore in subscriptions and received... Read More


Passenger vehicle loans show shift towards premiumization

New Delhi, Oct. 13 -- Passenger vehicle (PV) loans show a clear shift towards premiumization driven by preference for higher-value cars and rising costs. The average PV loan amount growingby 49per ce... Read More


Deficit rain, borer likely to hurt India's arabica crop this year

New Delhi, Oct. 13 -- Amidst erratic rainfall and emerging pest pressures across the Western Ghats, coffee growers see a dent in Indian Arabicas as the infestation of white stem borer (WSB), a key pes... Read More


Government hopeful of meeting tax collection budget target

New Delhi, Oct. 13 -- Despite lower collections under Central Excise Duty, the Finance Ministry is hopeful of meeting the budgetary targets for overall net direct tax collections, a senior government ... Read More


India asserts Ladakh is an integral part of the country as China reiterates it never recognised the UT

New Delhi, Oct. 13 -- New Delhi, October 13: China has opposed India's recent move to assign standardised names to strategic locations and geographical features in Ladakh, calling it "illegal and void... Read More


SC strikes down MMTC appeal against NSEL one-time settlement

New Delhi, Oct. 13 -- Nearly 13-years after the default, investors in National Spot Exchange can heave a sigh of relief as the Supreme Court cleared all the road blocks on execution of the one-time se... Read More


CCI clears GRT Jewellers' acquisition of Tribhovandas Bhimji Zaveri

New Delhi, Oct. 13 -- The Competition Commission of India (CCI) has approved GRT Jewellers' acquisition of legacy jeweller Tribhovandas Bhimji Zaveri (TBZ). GRT to acquire 74.12% stake in TBZ for Rs.... Read More


Sitharaman's LTCG, STT remarks lift market sentiment; rupee gains for third straight session

New Delhi, Oct. 13 -- Finance Minister Nirmala Sitharaman's expressed "keenness" to hear debate on Long Term Capital Gains (LTCG) Tax and Securities Transaction Tax (STT) lifted investor sentiment on ... Read More