Skip to content
Search AI Powered

Latest Stories

Rafale Deal: Indian Court To Pronounce Verdict On Friday

India’s top court, Supreme Court on Friday (14) will pronounce its ruling on the petitions seeking a court-monitored investigation into India’s multi billion dollar Rafale fighter jet deal with France.

Earlier, a bench headed by Supreme Court chief justice Ranjan Gogoi had reserved its judgement on a batch of petitions on November 14 which sought apex court's intervention into the deal over alleged irregularities.


Advocate ML Sharma was the first person to file a petition against the fighter jet deal followed by another advocate Vineet Dhanda for a court monitored investigation into the deal agreed to supply Rafale fighter jets to India.

Aam Aadmi Party (AAP) leader Sanjay Singh had also filed his petition against the deal.

Later, former Indian ministers Yashwant Sinha and Arun Shourie along with activist advocate Prashant Bhushan filed their petition before the apex court for a direction to the India’s federal probe agency Central Bureau of Investigation (CBI) to register FIR for alleged irregularities in the deal.

Meanwhile, the Indian government defended the deal and dismissed any irregularities as alleged by the opposition party leaders. The government has also rejected public disclosure of the pricing details.

According to the deal signed between Indian and France, it was agreed to purchase 36 Rafale fighter jet in fly-away condition as part of the upgrading process of Indian Air Force (IAF). The cost of the deal is estimated at Rs 580 billion.

The Rafale fighter is a two-engine Medium Multi Role Combat Aircraft (MMRCA) produced by French aerospace firm Dassault Aviation.

More For You

Essar-Oil-UK-Getty

Essar Oil UK is advancing decarbonization at its Stanlow Refinery with two key projects supported by Industrial Energy Transformation Fund (IETF) grants. (Photo: Getty Images)

Essar, 24 other firms get £51.9m to cut industrial carbon emissions

THE GOVERNMENT has allocated £51.9 million to support 25 businesses in reducing carbon emissions as part of the Plan for Change aimed at driving economic growth and rebuilding Britain.

The funding covers projects across various industries, including food manufacturing, cement production, and glass processing.
Companies receiving funding include Essar Oil UK, Nestlé's coffee processing site in Staffordshire, Heinz's baked bean factory in Wigan, and Hanson Cement in North Wales.

Keep ReadingShow less
Tesla-Getty

Tesla has faced challenges in 2024, reporting its first annual decline in deliveries as incentives failed to increase demand for its ageing vehicle lineup. (Photo: Getty Images)

Tesla received nearly £200m in UK government grants since 2016: Report

ELON MUSK’s electric vehicle company Tesla has received £191 million in grants from the UK government since 2016, according to an analysis by Tussell.

The majority of the funding, £188m, was provided by the Department for Transport (DfT) through the plug-in car grant scheme, which aimed to promote the adoption of electric and plug-in hybrid vehicles, The Guardian reported.

Keep ReadingShow less
CES-2025

CES 2025, organised by the Consumer Technology Association (CTA), will be held from 7 to 10 January.

Indian tech innovations to shine at CES 2025, says top executive

THE INDIAN technology sector continues to capture attention, with several startups and entrepreneurs showcasing their innovations at CES 2025, the world's largest tech event.

John Kelley, vice president and show director of CES, described the Indian tech story as “fascinating” and highlighted its growing global significance.

Keep ReadingShow less
Anil Agarwal acquires London's historic Riverside Studios

Anil Agarwal

Anil Agarwal acquires London's historic Riverside Studios

THE founder and chairman of Vedanta group Anil Agarwal is the new owner of the iconic Riverside Studio in London, a statement said on Wednesday (8).

The 100-year-old studio, which is a renowned global centre for arts and located on the north bank of the river Thames in the centre of London, will now operate under the name ‘Anil Agarwal Riverside Studios Trust’, it informed.

Keep ReadingShow less
india-gdp-iStock

India's GDP growth was 9.7 per cent in 2021-22, 7 per cent in 2022-23, and 8.2 per cent in 2023-24. )Representational image: iStock)

India's GDP growth projected to fall to 6.4 per cent in FY25

INDIA's gross domestic product (GDP) growth is projected to decline to 6.4 per cent in the financial year 2024-25, marking its lowest rate in four years, according to government data released on Tuesday. The slowdown is attributed to weaker performance in the manufacturing and services sectors.

The growth rate of 6.4 per cent, estimated by the national statistics office (NSO), is the lowest since the contraction of 5.8 per cent recorded during the Covid-19 pandemic in 2020-21. GDP growth was 9.7 per cent in 2021-22, 7 per cent in 2022-23, and 8.2 per cent in 2023-24.

Keep ReadingShow less