Seven new companies carved out of the erstwhile Ordnance Factory Board (OFB) have shown a significant turnaround, posting healthy profits after tax three years after corporatisation. Defence minister Rajnath Singh directed the companies to focus on research and development to meet future demand, resulting in profits of ₹1,549 crore, expected to grow by over 15% this year. The corporatisation process, overseen by Singh, successfully transformed the previously loss-making entities into profitable ventures with growing order books, marking a substantial shift from their past financial performance.
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David Kogan set to be appointed chair of new Independent Football Regulator
SummaryLisa Nandy, the culture, media and sport secretary, is set to approve David Kogan as the chair of the new Independent Football Regulator (IFR), with an agreement nearing completion. Kogan, a media expert with experience in negotiating TV rights deals for various football organizations, has ties to Labour and is expected to face a parliamentary confirmation hearing. The IFR, established following the European Super League controversy, has the backing of Prime Minister Sir Keir Starmer...
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