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    India-Russia joint venture to get to run Mattala airport in Sri Lanka soon: Aviation minister

    Sri Lanka strategically partners with India and Russia amidst 2022 financial turmoil, entrusting Mattala Airport's management for sustainable growth. The joint venture marks a pivotal step towards economic recovery, reflecting the nation's resilience and commitment to fostering strategic alliances for infrastructure development and long-term prosperity.

    Equalisation of interest for MSMEs extended till August 31

    The extension of the interest equalisation scheme for MSMEs till August 31 with a total outlay of ₹750 crore disappoints non-MSME exporters and may impact labor-intensive exports and large companies under 410 tariff lines.

    Interest equalisation scheme for exporters extended for 2 months; FIEO disappointed

    The scheme helps exporters from identified sectors and all MSME manufacturer exporters to avail of rupee export credit at competitive rates at a time when the global economy is facing headwinds. Exporters get subsidies under the Interest Equalisation Scheme for pre and post-shipment rupee export credit.

    Serentica seeks partners for supply of 800 MWh battery energy storage systems

    Serentica Renewables on Thursday said it has invited expressions of interest (EoIs) from interested players for supply of battery energy storage systems. "Serentica is seeking technical partners worldwide to supply BESS capable of delivering reliable energy storage. Serentica invites EoIs for 800 MWh standalone battery energy storage from across the world," it said in a statement.

    Going to work or college is like going to war in Mumbai local: Bombay HC expresses shame over 'cattle-class' situation

    The Bombay High Court criticized Mumbai's railway conditions, emphasizing the Railways' responsibility for passenger safety amid high fatalities from train falls and track crossings. Chief Justice Devendra Kumar Upadhyaya expressed shame over the situation, demanding accountability from officials. The court's scrutiny followed a PIL highlighting inadequate infrastructure and urged urgent measures to address the alarming death toll on Mumbai's suburban trains.

    India expressed interest in co-production of Stryker combat vehicle: US

    US Deputy Secretary of State Kurt Campbell emphasized the importance of frank dialogue with India regarding New Delhi's ties with Russia, particularly in the technology sector, including defense. Despite US concerns about potential technology leakage to Russia due to India's use of Russian defense equipment, Campbell expressed trust and confidence in India's capabilities. He noted that while there are disagreements, both countries maintain respectful discussions. Campbell also highlighted discussions on the Quad initiative during recent meetings between US National Security Advisor Jake Sullivan and India's NSA Ajit Doval, affirming strong commitment to hold the Quad summit by year-end.

    The Economic Times
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