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
Rafale fighter jet deal with india
Two newly inducted Rafale fighters to be part of Republic Day flypast for first time
As is traditionally the case, the spokesperson also told news agency PTI that the flypast will be divided into two blocks--the first is planned along with the parade from 1004 hours to 1020 hours and the second after the parade from 1120 hours to 1145 hours. In the first block, there will be three formations. The first will be the 'Nishan' formation comprising of four Mi17V5 aircraft that will carry the national flag and logos of all three services, Nandi said. It will be followed by the 'Dhruv' formation by four helicopters of Army Aviation Corps, he said. … [Read more...] about Two newly inducted Rafale fighters to be part of Republic Day flypast for first time
Desert Knight-21: Rafale fighters to be part of Indo-French air exercise
"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
India extends USD 250 million loan ‘without conditions’ to Maldives to overcome COVID-19 economic impact
India had provided substantial and continued assistance to the Maldives during the COVID-19 pandemic. A team of doctors and specialists visited the Maldives in March to assist in COVID-preparedness. A consignment of 5.5 tonnes of essential medicines was donated in April, another consignment of 6.2 tonnes of medicines was airlifted from 4 Indian cities to Male by the Indian Air Force, and 580 tonnes of food aid was provided in May. … [Read more...] about India extends USD 250 million loan ‘without conditions’ to Maldives to overcome COVID-19 economic impact
Tata close to announcing big investment deals in BigBasket, 1mg
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