Gold
REC wins Gold Shield in ICAI Award for Excellence in Financial Reporting
Sirius Airlines in Talks to Acquire 20 Cessna Jets for $600 Million
Sirius Aviation Airlines is in advanced negotiations with US-based Textron Aviation to acquire 20 Cessna Citation Longitude aircraft in a deal valued at $600 million, according to sources familiar with the matter. The acquisition is part of the company's strategy to strengthen its presence in the business aviation sector. Sirius Aviation, which began operations in August 2023 in partnership with Dubai-based Transworld Group, had announced plans last November to expand its fleet to 50 private jets by FY2027. The expansion will include a mix of small and medium-sized business jets as well as g..
Record Rs 6.81 Trillion Allocation for Defence in Union Budget 2025-26
The Union Budget 2025-26 has allocated a record Rs 6,812.1 billion to the Ministry of Defence (MoD), reflecting a 9.53% increase over the previous financial year. This accounts for 13.45% of the total Union Budget, the highest among all ministries, aligning with the government’s vision of a technologically advanced and self-reliant military under ‘Viksit Bharat @ 2047.’ Of the total allocation, Rs 1,800 billion (26.43%) is earmarked for capital outlay on defence services, while Rs 3,117.32 billion (45.76%) is designated for revenue expenditure, covering pay, allowances, and operatio..
DRDO Successfully Tests VSHORADS Missile off Odisha Coast
The Defence Research & Development Organisation (DRDO) has successfully conducted three consecutive flight trials of the Very Short-Range Air Defence System (VSHORADS) from Chandipur, off the Odisha coast. The missiles were tested against high-speed, low-altitude targets, effectively intercepting and destroying them in different flight conditions.The trials were conducted in their final deployment configuration, with two field operators managing weapon readiness, target acquisition, and missile firing. Data collected from telemetry, electro-optical tracking systems, and radar at the In..
