New Delhi, April 24 (IANS) A Delhi court on Friday sent Directorate General of Civil Aviation (DGCA) official Mudavath Devula and private company executive Bharat Mathur to judicial custody till May 6 in connection with a bribery case involving alleged payment of Rs 2.5 lakh for regulatory approvals.The order was passed by the Rouse Avenue Court after the accused were produced before it upon the expiry of their Central Bureau of Investigation (CBI) custody.Devula, serving as Deputy Director Gene…
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Bengaluru, April 22 (IANS) Navratna defence public sector undertaking Bharat Electronics Limited (BEL) has secured orders worth Rs 569 crore, commencing the order acquisition for the current financial year 2026-27.Major orders received include avionics, EW systems, high-energy lasers, communication equipment, tank sub-systems, laser-based fuzes, test equipment, upgrades, spares and services, according to a company statement issued on Wednesday.BEL has established a strong position in the defence…
New Delhi, April 22 (IANS) A Delhi court on Wednesday extended the Central Bureau of Investigation (CBI) custody of Directorate General of Civil Aviation (DGCA) official Mudavath Devula and private company executive Bharat Mathur by two days in connection with a bribery case involving alleged payment of Rs 2.5 lakh for regulatory approvals. The accused were produced before the Rouse Avenue Court upon completion of their earlier three-day CBI remand.The probe agency had sought five days of furthe…
Mumbai, April 21 (IANS) Cyient DLM Limited on Tuesday posted a net profit of Rs 22.4 crore for the quarter ended March 31 (Q4 FY26), down 27.7 per cent from Rs 31 crore reported in the same period previous financial year (Q4 FY25).The electronic manufacturing services (EMS) firm’s revenue also fell 13.8 per cent year-on-year (YoY) to Rs 369 crore compared to Rs 428 crore in Q4 FY25, as per its regulatory filing.Earnings before interest, tax, depreciation and amortisation (EBITDA) dropped 25 pe…
New Delhi, April 19 (IANS) India’s aerospace and aviation sector is at an inflection point with huge potential for growth driven by aerospace and defense manufacturing sector in India, and listed technology, particularly AI, global competitiveness, safety and efficiency, experts have said.Industry leaders and policymakers at the International Conference on Future of Aviation and Aerospace (FOAA) urged collaborative efforts to move beyond assembly to higher‑value design and lifecycle services…
New Delhi, March 10 (IANS) India’s deal activity remained resilient in February, recording 278 transactions worth $5.4 billion — up 34 per cent sequentially in terms of volumes, a report said on Tuesday.The report from Grant Thornton Bharat said the surge was led by private equity and venture capital participation, which recorded 169 deals worth $2.8 billion, the highest monthly deal count in four years.”While overall deal values saw only a modest recovery, the surge in volumes signals renewed …
New Delhi, Feb 9 (IANS) The Ministry of Steel on Monday signed Memoranda of Understanding (MoUs) with 55 companies for 85 projects, involving an investment of Rs 11,887 crore. These projects are expected to add 8.7 million tonnes of speciality steel capacity by 2030-2031, significantly expanding India’s capabilities in high-end steel segments such as electrical steel, alloy and stainless steels, coated products, and grades required for strategic sectors.The MOUs were signed at Vigyan Bh…
New Delhi, Feb 3 (IANS) Adani Defence & Aerospace Director Jeet Adani on Tuesday said that defence will emerge as a major and strategically important segment for the Adani Group, as the company strengthens its presence in aerospace, manufacturing, and localisation.Speaking to reporters in the national capital, Jeet Adani said the group is not looking at its operations in silos such as aerospace or MRO alone, but is approaching defence as a comprehensive sector.While he refrained from making …
Bengaluru, Feb 1 (IANS) Karnataka Minister for Large and Medium Industries M.B. Patil said on Sunday that while the Union Budget’s announcement on developing high-speed rail corridors between Bengaluru-Hyderabad and Bengaluru-Chennai is welcome, it offers limited benefit. He was speaking to the media on the Union Budget for 2026-27 presented by Union Finance Minister Nirmala Sitharaman.The Minister said that instead, a similar corridor should have been taken up between Bengaluru and Pune, addi…
Jaipur, Jan 21 (IANS) The Rajasthan Cabinet led by Chief Minister Bhajan Lal Sharma on Wednesday approved several key decisions, including a bill to protect the properties of permanent residents and the rights of tenants in areas declared as disturbed, besides new policies aimed at boosting aerospace, defence manufacturing and semiconductor production in the state.Industry and Commerce Minister Col Rajyavardhan Rathore, Parliamentary Affairs Minister Jogaram Patel, and Food and Civil Supplies Mi…