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New Delhi: Three private sector companies have been shortlisted to develop and manufacture next generation fighter jets under the Advanced Multirole Combat Aircraft (AMCA) programme, with a final winner to be decided within the next three months. Sources said that after a scrutiny of technical bids by seven Indian entities, three companies — Tata Advanced…
ET Intelligence Group: Bharat Coking Coal, a Miniratna PSU and the country’s largest producer of coking coal, aims to raise ₹1,071 crore through an offer for sale (OFS). Promoter Coal India‘s shareholding will decline to 90% after the IPO from 100%. The company is well placed to tap rising coking coal demand, supported by the…
Vande Bharat Sleeper Furnishing Issue: The much-anticipated Vande Bharat Sleeper train, originally expected to debut in October, is facing further delays due to furnishing and safety concerns flagged by the Railway Board. Railways minister Ashwini Vaishnaw had earlier hinted at an October launch for the train, but the same is awaited because the second rake…
