The Ministry of Defence has finalised deals worth over Rs 5,000 crore. Six Advanced Light Helicopters for maritime roles and Shtil missiles for air defence are being acquired. These acquisitions will boost the Indian Coast Guard and Navy capabilities. The helicopter deal supports the Aatmanirbhar Bharat mission, involving over 200 MSMEs.
A young boy in India has received a groundbreaking auditory brain stem implant. This marks a first for AIIMS. The surgery was performed after conventional implants were not suitable. The child is now responding to sounds and speaking more clearly. Doctors highlight the importance of early detection for hearing loss.
Chennai Metro Rail Ltd is set to develop 73.4 lakh sq ft of commercial property across 37 locations along its Phase-II corridors. This initiative aims to boost non-fare revenue and financial sustainability by monetizing land parcels beyond station footprints, similar to models in Delhi and Bengaluru.
Tata Group Chairman N Chandrasekaran expressed hope that the Iran-US-Israel conflict will not disrupt supply chains. He stated the conglomerate has plans to mitigate risks arising from the West Asia situation. Employee safety in the region is a top priority. Tata Steel is diversifying limestone sources. Business may see some fluctuations but recovery is expected.
Ola Electric is celebrating Holi with a special Mahotsav campaign. Customers can avail significant discounts on electric bikes and scooters. The Roadster X is now available starting at Rs 79,999. Special Muhurat Mahotsav windows offer limited units and an extended warranty on select S1 Pro models. Ola Insiders receive additional benefits.
GST authorities have issued a Rs 6.37 crore demand notice to Britannia Industries. The bakery giant received the order from Thane CGST office. This is for incorrect classification of goods supplied between FY 2020-21 and FY 2023-24. Britannia plans to challenge the order through legal remedies. The company stated this will not materially impact its financials or operations.
As tensions rise in the Middle East, India’s energy security stands on shaky ground due to its dependence on imports. Anil Agarwal, the Chairman of Vedanta, has raised the alarm about this critical issue, calling for urgent governmental intervention. He emphasizes the necessity of accelerating domestic resource development by revising approval processes and regulatory frameworks.