India on cusp on capex revival; housing, power sectors to drive capital formation: Report

Russia is interested in partnering with Hindustan Aeronautics Limited (HAL) to re-enter the competition to supply medium transport aircraft (MTA) to the Indian Air Force, aiming to replace the ageing An32 fleet with at least 80 MTA. Despite previous concerns about technology, Russia is offering the IL276 for the project, as global manufacturers seek partnerships with Indian entities to secure the multi-billion dollar contract. Full Article

US President Donald Trump issued a warning to Russia regarding severe financial consequences if it rejects a Ukraine ceasefire, as negotiators head to Moscow and Ukrainian President Zelensky anticipates a strong US response to any refusal. Zelensky emphasized Ukraine's clear stance and proposed using the 30-day ceasefire to outline security guarantees, while Russia intensified attacks in Kursk, reclaiming five villages. The US urged Russia to accept the truce unconditionally, with Moscow awaiting further details and...

Pakistani security forces thwarted a terror attack on a checkpost in Khyber Pakhtunkhwa, killing 10 militants after a suicide attack near the Frontier Corps camp in Jandola. Heavy firing and an explosion were reported in South Waziristan district, with terrorists attempting to breach the checkpost and a suicide bomber targeting the FC camp. This incident follows the recent killing of 33 attackers who hijacked the Jaffar Express train in Balochistan, amid a significant increase in...

The Karnataka Police arrested two women, aged 23 and 27, for honey trapping a BJP leader in Tumakuru. The women's male collaborators are currently at large. The BJP leader alleged that he was blackmailed after engaging in consensual sex with one of the women, who demanded Rs 20 lakh but settled for Rs 70,000. Full Article

India and Bangladesh conducted a naval exercise in the Bay of Bengal, with participation from INS Ranvir and BNS Abu Ubaidah, aiming to enhance coordination and tactical planning for seamless maritime operations. The exercise showcased the commitment to countering global security challenges and promoting the SAGAR initiative of India, strengthening coordination and confidence between the two navies. This collaboration improved interoperability, facilitating joint responses to shared maritime security challenges and enhancing the ability to respond...

Mehbooba Mufti criticized Uttar Pradesh CM Yogi for creating divisions between Hindus and Muslims, warning of negative consequences. She compared the situation in India to Pakistan under Zia-ul-Haq, urging for wisdom to prevent communal tensions. Ahead of Holi and Ramzan, mosques in UP were covered as BJP leaders advised Muslims to stay indoors, leading to adjustments in Friday prayers timing. Full Article