Go First

Go First asked for compensation for the malfunctioning engines that resulted in business losses, PW refused to pay the money, which resulted in a violation of the contractual agreement

File photo of Lockheed Martin Corp

Washington contended that the balloon was spying and shot it down, while China claims it was a civilian airship collecting weather data that went off course

chart

Previous sanctions by China have restricted people from entering China, Hong Kong or Macau, or doing business there, measures that would likely have little effect on Colbert or Hayes

Union Defence Minister Rajnath Singh during the FICCI Annual Convention & 94th Annual General Meeting, in New Delhi (Photo: PTI)

Defence Minister Rajnath Singh has met senior executives of American aerospace and defence majors Boeing and Raytheon and asked them to take advantage of policy initiatives in India to steadily march from Make in India' towards Make for the World'.
Singh along with External Affairs Minister S Jaishankar arrived in the US capital on Sunday to attend the India-US 2+2 ministerial dialogue in Washington on Monday - the first under the Biden administration.
"Raksha Mantri Shri @rajnathsingh met with the US aerospace & defence majors Boeing and Raytheon after reaching Washington DC. He exhorted the companies to take advantage of policy initiatives in India to steadily march from Make in India' towards Make for the World', " the Defence Ministry tweeted on Monday.
US Secretary of State Antony Blinken and Defence Secretary Lloyd Austin will host Jaishankar and Singh for the 2+2 ministerial on Monday.
To be held under the shadow of the Ukrainian crisis, the 2+2 ministerial is reflective of

Raytheon Technologies

China said it will impose new sanctions on Raytheon Technologies and Lockheed Martin due to their arms sales to Taiwan

Lockheed Martin, Lockheed, F-16 fighter jets, F-16

Lockheed's Chief Executive said the acquisition would have improved efficiency, speed and cut costs for the US government, but that terminating the agreement was in its stakeholders' best interest

China

The action follows the State Department's approval last week of $1.8 billion in new weapons for Taiwan and submission of the package to Congress for a final review

Harpoon Missile

While the Harpoon missiles will be manufactured by Boeing, the torpedoes would be supplied by Raytheon

mergers and acquisitions

According to the newspaper the two companies -- which together have a market value of roughly $166 billion -- could announce an all-stock deal in the next few days

This makes Indian bonds less attractive to foreign investors

Bond yields slide as reports tout progress in global listing of Indian debt

Government bonds, bond yield

Air India on Friday said it has completed the acquisition of its first A350-900 aircraft by way of a finance lease transaction with HSBC through the GIFT City.
This is also the first wide body aircraft to be leased through the GIFT City, the country's first International Financial Services Centre (IFSC).
In a release, the airline said the transaction was facilitated by its wholly-owned subsidiary AI Fleet Services Ltd (AIFS) and is also the first financing transaction from the orders for 470 aircraft that were made earlier this year.
Tata Group-owned Air India, which has embarked on an ambitious transformation plan, expects the first A350-900 aircraft to arrive in India by the end of this year.
According to the release, the airline has successfully acquired India's first Airbus A350-900 aircraft through a finance lease transaction with HSBC.
"This landmark transaction marks the beginning of our aircraft leasing business from GIFT IFSC, as AIFS will be the primary Air India Group .

Air India

It did not disclose the name of the buyer or the extent of the investment it was selling. Adani Green Energy and Adani Energy Solutions did not immediately reply to Reuters requests for comment

Adani, Adani Group

Bajaj Auto has virtually closed the gap with Ather Energy in September, notching up 6423 EV registrations compared to 6466 registrations by Ather as on Thursday

electric scooter

UCBs that aspire to become SFBs do not want the same limits on loan size and priority sector targets that SFBs have, especially when not many of them have sought to become SFBs

Union health minister Mansukh Mandaviya on Tuesday asked domestic pharmaceutical industry to focus on the research and development of innovative products to move up the value chain and achieve global leadership.
Mandaviya, who also holds the Chemical and Fertilisers portfolio, asked medical technology companies to produce critical equipment in India for the global markets.
While formally unveiling the National Policy on Research & Development and Innovation in the Pharma-Med Tech Sector here, Mandaviya said the domestic pharmaceutical companies invest less on research and development when compared to multinational companies.
"International MNCs spend 20-25 per cent of their profits in research and innovation while for Indian companies the average is around 10 per cent...Till the time we do not come out with research-led innovative products, we cannot lead the segment globally," he noted.
He said the government wants to make the pharma industry self-reliant by 2047.
"Today is a ...

MAY 23, 2022** Geneva: Union Health Minister Mansukh Mandaviya addresses the 75th World Health Assembly in Geneva, Switzerland. (PTI Photo)

Mansukh Mandaviya

Tamil Nadu is continuing to receive water from Karnataka and as of today, the state has received 7,000 cusecs of water, state Water Resources Minister Duraimurugan said on Tuesday.
Initially, Karnataka provided 2,500 cusecs of water per day and the quantum was increased to 3,000 cusecs per day.
"We are steadily reviving water from the Cauvery and hope to realise the full quantum," Duraimurugan told reporters here.
As per the Supreme Court order, Tamil Nadu is yet to receive 11,000 cusecs water, which he said is likely to be provided by tomorrow.
As per the direction of the Cauvery Water Regulation Committee that was upheld by the Supreme Court, Karnataka should release 5,000 cusecs of water per day to Tamil Nadu for 15 days from September 13, the minister said. This means the 15-day period ends tomorrow. Despite protests in Bengaluru, the Karnataka government is releasing water, Duraimurugan said.
He said that at the meeting of the Cauvery Water Regulation Committee today, Tamil N

cauvery dispute, cauvery river, cauvery water dispute, cauvery verdict, cauvery river verdict, cauvery river dispute verdict, kaveri river issue, kaveri river water dispute, cauvery verdict 2018, latest news on cauvery river, cauvery news, cauvery ju

Ministry of Health ensures that there are at least six month worth of anti-TB drugs stored and more have been ordered

Tuberculosis

Pegatron has asked independent surveyors to assess the fire damage, a fifth source said

Apple iPhone, iPhone

Meanwhile, the U.S. dollar hit a 10-month high on Tuesday, as higher bond yields attracted investors towards the greenback

oil prices

He said the country has completed 75 years journey after Independence and has several achievements to its credit

Amit Shah, Madhya Pradesh, Bimaru state

Berger Paints India Ltd, the country's second-largest paint manufacturer, does not foresee any significant impact on its profit margins despite the recent surge in crude oil prices, according to a senior company official.
Production of paint heavily depends on crude-based derivatives which are used as raw materials.
Berger said the current pain is mostly covered with its previous price increases and is not considering any further hikes in the festive season to push sales.
However, if crude oil prices continue to remain elevated for a longer duration, the company anticipates a potential dip in profits compared to the first quarter levels.
"If the prices remain at this level, which we expect, we see no immediate or significant impact going forward, except that profitability may be lower than in Quarter 1," Berger Paints Managing Director & CEO Abhijit Roy told PTI.
Brent crude, a benchmark for India, has at one point of time surged to nearly USD 98 per barrel from USD 75 in July. It

Berger Paints Q4 net profit declines 21% to Rs 75 crore

With an end-to-end shopping experience within WhatsApp, JioMart has been able to engage consumers hesitant to shop online, according to a company statement

reliance jiomart

He urged patients not to buy copycat versions of Wegovy, warning they could be unsafe

Vikrant Shrotriya, Corporate Vice President & Managing Director, Novo Nordisk India Private Limited

Home-grown Megha Engineering and Infrastructures Ltd (MEIL) has secured a USD 648-million (about Rs 5,400 crore) work order in Mongolia.
The order has been awarded by Mongol Refinery State Owned LLC, MEIL said in a statement on Friday.
"MEIL has clinched a significant deal in Mongolia. The company received a Letter of Agreement (LOA) for constructing a state-of-the-art crude oil refinery plant valued at USD 648 million," it said.
In this regard, MEIL hydrocarbons President P Rajesh Reddy and Altantsetseg Dashdavaa, Executive Director, representing the Mongol Refinery State Owned LLC, inked the new project contract at Ulaanbaatar in Mongolia on Friday.
MEIL Managing Director P V Krishna Reddy along with other senior officials from both countries attended the event.
Krishna Reddy said, "MEIL holds a prominent position in the global hydrocarbon sector, with a presence across upstream, midstream, and downstream operations. The new venture marks the company's third foray into the ...

Reliance’s refinery complex spans the horizon in Jamnagar: (Photo: Dhiraj Singh/Bloomberg)

Raytheon

Go First may sue Pratt and Whitney over reliability issues in their engines

China sanctions Lockheed Martin, Raytheon Technologies for Taiwan sales

China sanctions Boeing, Raytheon executives for Taiwan arms deal

Rajnath Singh meets executives of US aerospace giants Boeing and Raytheon

China sanctions Raytheon Technologies, Lockheed Martin over Taiwan deal

Lockheed scraps $4.4 bn deal to buy Aerojet amid regulatory roadblocks

China to sanction Boeing, Raytheon, Lockheed over Taiwan arms

India to buy Harpoon missiles, lightweight torpedoes from US for $155 mn

A $100-bn firm in the making: Raytheon, United Tech are in merger talks