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N Chandrasekaran unveils 3-year plan to cut losses in Tata new businesses

MUMBAI: Tata Sons chairman N Chandrasekaran presented a three-year roadmap to narrow losses in the company’s new businesses at a marathon board meeting on Tuesday, even as his reappointment remains unresolved.The meeting, held at Tata Group headquarters Bombay House, covered three of the businesses – Air India, Tata Digital and Tata Electronics – reflecting the...

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New IIP series to track rare earth, PNG, water supply

AI-generated image NEW DELHI: The new index of industrial production (IIP) series, having 2022-23 as base year, is set to track for first time the output of rare earths and minor minerals, piped natural gas (PNG), water supply, sewerage and waste management — the Technical Advisory Committee (TAC) constituted to undertake base year revision under...

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Sebi to reform corp bonds to reduce over-reliance on banks

MUMBAI: Sebi is pushing ahead with bond market reforms with plans for bond tokenisation pilots and a new regulatory framework for debt brokers, as it seeks to deepen corporate debt markets beyond their current narrow base of issues and investors. The regulator is looking at easing disclosure norms for debt-only issues.Noting that financing for business...

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3 years on, acid attack survivor wins right to disability review

NEW DELHI: After struggling for three years, acid attack survivor, 28-year-old Reshma Qureshi, has finally won a hard-fought battle to get the authorities to conduct a reassessment of her disability, taking into account the damage caused by the lethal acid thrown at her more than 12 years ago by her brother-in-law during an ongoing marital...

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India plans anti-jamming upgrade for 258 Su-30MKI jets

NEW DELHI: In a move aimed at strengthening the electronic warfare capabilities of the IAF’s workhorse fighter jets, the defence ministry has issued a request for proposal (RFP) to upgrade the Su-30MKI fighters with a state-of-the-art anti-jamming, anti-spoofing multi-constellation global positioning system (GPS) antenna.Jamming and spoofing are part of electronic warfare. Under jamming, the signal...

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Delhi in talks with Moscow to buy additional batch of S-400 systems: Russian media

India is in negotiations with Russia to purchase additional batches of S-400 long-range air defence systems, Russia’s Federal Service for Military-Technical Cooperation (FSVTS) confirmed on Tuesday.“Russia and India are negotiating the delivery of an additional batch of S-400 Triumf air defence systems, according to Russia’s Federal Service for Military-Technical Cooperation. Moscow said the S-400 ‘proved...

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Chiefs linked to ex-Patriots WR amid Rashee Rice legal uncertainty

Kansas City Chiefs emerge as a “strong fit” for $63 million former New England Patriots wide receiver Rashee Rice’s legal trouble.(Image via X) The former New England Patriots’ wide receiver, Stefon Diggs, has remained an unrestricted free agent since the team released him in March after a dominating performance. Amid this, the star player has...

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‘Avoid rabble rousing’: Ladakh L-G tellls Wangchuk after ‘support’ to Cockroach Janta Party

NEW DELHI: Ladakh L-G Vinai Kumar Saxena on Tuesday asked Sonam Wangchuk to desist from “weaving a misleading and provocative narrative” about the situation in the UT, in criticism of the activist’s recent comments that feared Manipur-like social divisions in the border region and indicated his support to Cockroach Janta Party.Saxena said he had a...

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