NEW DELHI: Indian space company Agnikul Cosmos on Wednesday announced that it has successfully tested its 3D-printed booster engine, ‘Agnite’, which can reduce production complexity and turnaround time for missions.The engine, which is a single-piece architecture, can be fully printed within a week, unlike traditional booster engines that comprise thousands of parts and can take…
NEW DELHI: Stressing the need for robust infrastructure along the borders, defence minister Rajnath Singh on Wednesday said Border Roads Organisation (BRO) has been entrusted with the task of developing infrastructure along the Indo-Myanmar border, spanning approximately 1,600 km, an initiative that will further bolster the border management capabilities.Rajnath, who chaired a parliamentary consultative committee…
NEW DELHI: The Central Consumer Protection Authority (CCPA) on Wednesday warned hotels and restaurants of action in case it found them levying additional charges under heads such as “LPG charges,” “gas surcharge,” and “fuel cost recovery” in food bills.The authority issued an advisory invoking provisions of the Consumer Protection Act observing that such charges are…
MUMBAI: With credit growth at 14.5% outpacing deposit growth at 11.9% as of Feb 28, banks have stepped up reliance on certificates of deposit, with their share rising to 2.6% of total deposits, the highest in a decade, reflecting a widening structural gap between asset creation and liability mobilisation.The Indian banking system is navigating a…
NEW DELHI: Home minister Amit Shah is heading an informal Group of Ministers (GoM) dealing with “overall strategic issues” that have emerged because of the ongoing conflict in West Asia, including fall in supply of cooking gas and LNG, the primary feedstock for urea production.Shah has already held a meeting with other ministers, including fertiliser…
NEW DELHI: After extensive consultation, govt has decided to retain the retail inflation target for the monetary policy committee at 4%. For the next five years, the tolerance band of 2-6% has also been retained, according to a notification issued by the finance ministry on Wednesday.The targets have been in place for 10 years now…
David Warner loses cool at PSL captains’ presser (Screengrab photo) NEW DELHI: The Pakistan Super League (PSL) 2026 has already been in the spotlight for several off-field issues even before the tournament begins. From a fuel crisis to scheduling changes, the buildup has been far from smooth. Now, an awkward moment at the captains’ press…
BENGALURU: Infosys has strengthened its healthcare and insurance capabilities with a twin acquisition push, committing up to $560 million to expand its footprint in the US market.The company has signed a definitive agreement to acquire Optimum Healthcare IT for up to $465 million-one of its largest acquisitions in recent years-as it deepens its presence in…
NEW DELHI: In a bid to wean away consumers from LPG, govt has decided to stop after three months the supply of cylinders to households which have access to piped natural gas but have shied away from taking a connection. India imports about 60% of its LPG requirement, with nearly 90% of it coming through…
NEW DELHI: The empowered group of officials to deal with the fallout of the West Asia conflict got down to business on Wednesday, and began mapping the demand and supply situation, and also started identifying potential sources to ensure that supply chains are not disrupted.Food and fuel availability are top priority and detailed reports have…