NCLT admits BCCI’s plea seeking insolvency proceedings against Byju’s | Business News

Thyssenkrupp Marine Systems (TKMS) is proposing the establishment of a global submarine and warship building hub in India to meet the rising demand for naval assets, aiming to produce platforms at lower costs for exports. TKMS is competing with L&T-Navantia to supply new submarines to the Indian Navy, with a decision expected soon. TKMS CEO Oliver Burkhard sees this initiative as an opportunity to create more jobs and develop future technologies in partnership with India....

Parliament will hold a two-day debate on the Constitution to commemorate its 75th year of adoption, with Defence Minister Rajnath Singh and Home Minister Amit Shah leading discussions. Prime Minister Modi will address the debates in the Lok Sabha and Rajya Sabha. Opposition leaders like Rahul Gandhi and Priyanka Gandhi Vadra will participate, with the Congress party allocated 2.20 hours for the debate. Full Article

The Cabinet Committee on Security approved two major projects worth around Rs 20,000 crore for 12 Su-30 MKI fighter jets and 100 K-9 Vajra Self-propelled howitzers for the Indian Air Force and Indian Army respectively. The Su-30 MKI jets will be manufactured by Hindustan Aeronautics Limited at a cost of Rs 13,000 crore, while Larsen and Toubro will produce the howitzers with increased indigenous content. These projects are expected to enhance indigenous defense production capabilities....

Time Magazine named US President-elect Donald Trump as its "person of the year" for the second time, recognizing his political comeback after defeating Vice President Kamala Harris in the election. Trump's influence is highlighted for reshaping the American presidency, driving a political realignment, and preparing to return to the White House amidst challenges and controversies. Despite facing legal issues and controversies, Trump's resurgence as a political figure continues to shape US and world politics, with...

India, France, and the UAE launched the "Desert Knight" air combat exercise to bolster trilateral defence cooperation and enhance interoperability among their air forces. The operation involved Indian Sukhoi-30MKIs and Jaguars, French Rafale jets, and UAE's F-16 fighters engaging in intensive combat manoeuvres over the Arabian Sea. This exercise strengthens defence ties amidst geopolitical tensions, focusing on strategic regions like the Indo-Pacific and Persian Gulf to counter China's assertive actions and expand mutual partnership. Full...

NATO is considering raising its defense spending target from 2% to 3% of GDP by 2030 to address critical capability gaps and enhance air defenses, offensive weaponry, and nuclear deterrence capabilities in response to heightened security concerns from Russia. NATO Secretary General Mark Rutte emphasizes the need for increased capabilities, with an interim goal of 2.5% GDP before achieving the 3% target by the end of the decade, aligning with calls from the US for...