Exports of diesel and aviation turbine fuel (ATF) were subject to a higher windfall profits tax on Monday, but the tax on petrol will remain unchanged for the next two weeks starting June 16. Diesel shipments would be subject to a special additional excise duty (SAED) of Rs 14/litre, up from the current rate of […]
Following a year-over-year increase of 9.89 billion USD in May 2025, the export of engineering goods from India surged 24.48 percent to 12.31 billion USD in May 2026, according to trade group EEPC India. Exports of engineering services totalled USD 22.66 billion in the fiscal years 2026–27, up 16.8 percent from USD 19.40 billion in […]
MKU Limited, India’s leading defence technology company, and PT Republik Korpora Indonesia (Republikorp), Indonesia’s foremost private defence holding company, have signed a Memorandum of Understanding (MoU) to jointly develop and localise electro-optics manufacturing capabilities within Indonesia. The partnership is structured in alignment with Indonesia’s Tingkat Komponen Dalam Negeri (TKDN) — the national local content framework […]
Kalyani Strategic Systems Limited (KSSL), the wholly-owned defence subsidiary of Bharat Forge Limited, today introduced its line of Mounted Artillery Guns -the MArG series – on the opening day of Eurosatory 2026. Truck-mounted and built for manoeuvre, the MArG series delivers a highly mobile, rapidly deployable and cost-optimised firepower solution for modern land forces. The […]
Full commissioning of the 1,980 MW power plant was marked by the announcement by state-owned NLC India Limited, which signifies the beginning of commercial operations of the third 660 MW unit of the Ghatampur Thermal Power Project in Uttar Pradesh. The joint venture between NLC India and Uttar Pradesh Rajya Vidyut Utpadan Nigam Limited, Neyveli […]
The first ever joint brainstorming session of executive associations from major oil and gas CPSEs was called in Kolkata by the Indian Oil Officers’ Association (IOOA), marking a significant move ahead of the next 4th Pay Revision Committee (PRC) for Central Public Sector Enterprises (CPSEs). Notable members of the officers’ associations from Indian Oil, BPCL, […]
The Noida International Airport (NIA) in Jewar, Uttar Pradesh, has been the site of IndiGo’s inaugural commercial flight. In addition to improving regional air travel and increasing connectivity across North India, the airline will directly connect the recently inaugurated airport with more than 16 destinations around the country. This would allow for one-stop access between […]
The 12th International Day of Yoga (IDY) 2026 will be celebrated in Kolkata on June 21, with Prime Minister Narendra Modi at the helm, as the countdown to the annual event began in earnest on June 20 by the Ministry of AYUSH, both domestically and internationally. In a major initiative to promote yoga in India […]
Thales unveils the LGR275 Proxy, a 70mm laser-guided rocket specifically designed to effectively neutralize the threat posed by Unmanned Aerial Systems (UAS), one of the most dynamic and fastest evolving challenges facing modern armed forces. In active conflict zones, Class 1 and 2 drones have fundamentally changed the nature of warfare, exposing the limitations of […]
In Nice, France, Prime Minister Narendra Modi met with a small group of international investors, VCs, and innovation players on Sunday, just before the much-anticipated Bharat Innovates Summit 2026 got underway. The conversation highlighted India’s rising profile as a worldwide hub for innovation and investment.Prime Minister Modi and President Emmanuel Macron of France will begin […]
