NEW DELHI: A mega over Rs 26,000 crore deal to procure 240 aero-engines to power and sustain the Sukhoi-30MKI jets was cleared by the PM-led cabinet committee on security on Monday, at a time when the IAF is grappling with just 30 fighter squadrons when at least 42 are needed to tackle the twin threat…
An Israeli airstrike in Gaza killed at least 18 people from the same family on Saturday. The airstrike targeted a house and adjacent warehouse sheltering displaced people at the entrance to the town of Zawaida, as confirmed by Al-Aqsa Martyrs Hospital in Deir al-Balah, where the casualties were taken. An Associated Press reporter counted the…
NEW DELHI: India and Russia are working on a deal worth Rs 10,500 crore for the supply of nuclear fuel and core components to Kudankulam nuclear power plant’s two new units coming up with Moscow’s help, people in the know said.The deal envisages Russian nuclear fuel company TVEL JSC supplying to the dept of atomic…
BENGALURU: Infosys has won an over $100 million (Rs 850 crore) deal from Swedish retailer Ikea, outpacing incumbents HCL, Capgemini and DXC, and other regional players. About 350 roles at Ikea will be impacted across China, France, Germany, India, Poland, Sweden, and the US, and these employees will transition to Infosys. “It has been a…
MUMBAI: The Gautam Adani family owned Ambuja Cements is buying Penna Cement Industries in a deal valued at Rs 10,442 crore including debt, expanding its presence in the south. The transaction marks Ambuja’s fourth M&A after Adani checked into the sector through the former in Sept 2022. Hyderabad-based Penna, promoted by P Prathap Reddy and…
Reliance Retail Ventures Ltd. (RRVL) has signed a joint venture with Alia Bhatt‘s clothing brand of kids and maternity wear, Ed-a-Mamma for a 51% majority stake. ET was the first to report on July 17 on the possible acquisition. Launched in 2020, Bhatt has extended the kids brand into teenage and maternity wear segments as…
