Tuesday, August 11
India plans to launch over 50 spy satellites and add night-time imaging to enhance its national security capabilities, people familiar with the matter said, after New Delhi encountered surveillance blind spots during a border conflict last year with neighbour Pakistan.The Narendra Modi-led administration is also looking to build ground stations overseas to relay information more quickly and comprehensively, said the people who asked for anonymity to discuss confidential matters. These could be in the Middle East, Southeast Asia and Scandinavia, they said, though local government approval would be required.Plans are underway to enhance its own satellites with newer technology capable of capturing images in dark, cloudy conditions by moving from electro-optical radar to synthetic aperture ra
The National Company Law Appellate Tribunal (NCLAT) has extended the protection granted to directors of the newly constituted IL&FS board, shielding them from being prosecuted as wilful defaulters by banks.A two-member bench, comprising Chairperson Justice Ashok Bhushan and Member (Technical) Barun Mitra, clarified that banks can pursue actions against professional directors of the new IL&FS board only after obtaining prior permission from the tribunal.Also Read: RBI approves appointment of Kaizad Bharucha as whole-time director in HDFC BankEarlier, on April 4, 2025, NCLAT had issued an order safeguarding directors appointed after the government takeover of IL&FS from prosecution by banks. However, state-run lenders such as Canara Bank and Indian Bank were allowed to proceed ag
Ahead of the February 1 Union Budget, a CoinSwitch survey shows most respondents want crypto to be integrated into India’s mainstream financial taxation framework. Around 61% investors believe crypto should be taxed similarly to equities or mutual funds, while 17% prefer a separate tax framework. This reflects a preference for treatment aligned with established financial instruments.Also Read | PSU Bank ETFs gain up to 45% since last Budget. Is it time to book profits or stay invested?The survey has insights from a nationwide survey capturing investor sentiment on the taxation and regulation of crypto (Virtual Digital Assets – VDAs) in India.Nearly 90% of respondents reported familiarity with key provisions, including the 30% tax on gains, the absence of loss set-off or carry-forward,
The United States "is behaving very strangely" for an ally, European Central Bank President Christine Lagarde said Wednesday, as US President Donald Trump steps up his campaign to take Greenland from NATO ally Denmark.Trump's bid to seize the Arctic island has opened up the deepest rift between Washington and Europe in decades, with the US leader threatening tariffs on several countries over their opposition to his designs on the Danish territory.Asked in Davos in an interview with French radio station RTL whether the United States was an "ally" or "adversary" of the EU, Lagarde responded: "They are behaving very strangely for allies.""When you are allies under the North Atlantic Treaty, when you have been allies for decades and have been part of each other's history, threatening to seize
