India fighter jet deal

The wargames being conducted are different from the routine Garuda series exercises that the two sides have been carrying out for more than a decade now and would see some complex manoeuvres being carried out by the fighters of both sides, the sources said. … [Read more...] about Rafale fighter jets to carry out SKYROS wargames amid India-China border row

Wing Commander Vasudev Ahuja said the IAF's marching contingent at the parade will consist of four officers and 96 soldiers marching in a box formation of 12 rows and eight columns. The marching contingent will be led by Flight Lieutenant Tanik Sharma and three supernumerary officers -- Flight Lieutenant Manjeet Singh, Flight Lieutenant Apoorva Yadav and Flying Officer Kuttapa. … [Read more...] about Two newly inducted Rafale fighters to be part of Republic Day flypast for first time

"French side will participate with Rafale, Airbus A-330 Multi-Role Tanker Transport (MRTT), A-400M Tactical Transport aircraft and approximately 175 personnel. The Indian Air Force aircraft participating in the exercise will include Mirage 2000, Su-30 MKI, Rafale, IL-78 Flight Refuelling Aircraft, AWACS and AEW&C aircraft," said the Ministry of Defence. … [Read more...] about Desert Knight-21: Rafale fighters to be part of Indo-French air exercise

The USD 250 million budgetary support has a tenure of 10 years for repayment and since the "principal payment is due only at the end of 10 years, it will not put any immediate debt servicing liability other than bi-annual very low-interest payments," the statement read. … [Read more...] about India extends USD 250 million loan ‘without conditions’ to Maldives to overcome COVID-19 economic impact

The Tata Group has finalised a $200-250 million primary cash infusion in BigBasket as part of its larger deal to acquire a majority stake in India’s biggest online grocery company, said people with knowledge of the matter. The group is also said to be closing in on a majority stake in online pharmacy 1mg.Tata will shell out a total $1.2 billion, in a mix of a primary and secondary sale of shares, giving it a 60% stake in BigBasket, said the people cited above. The salt-to-software conglomerate is likely to provide a full exit to two of BigBasket’s biggest investors, Chinese e-commerce giant Alibaba and scandal-hit private equity firm Abraaj Group, one of the persons said on condition of anonymity.ET first reported about Tata buying a majority stake in BigBasket on 28 October 2020.Emailed questionnaires sent to spokespersons at Tata Group, BigBasket and 1Mg did not elicit a response till press time on Tuesday.IPO Plans by 2022-23The transaction, which is expected to close … [Read more...] about Tata close to announcing big investment deals in BigBasket, 1mg