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Thursday, April 9, 2026
TopicDevas

Topic: Devas

Remember a convicted ‘non-guilty’ IAS officer, HC Gupta, when fretting over stalled economic reforms

The 2010-13 season of scandal-mongering still casts a shadow on Indian politics, and the victims are those at the lowest end of the decision-making chain.

Devas fraud was a treacherous compromise with India’s security. SC verdict teaches many lessons

Supreme Court verdict upholding NCLT decision to wind up Devas has dented ISRO's credibility. But govt should not start treating every start-up with suspicion.

Antrix-Devas case: What was the dispute & why SC upheld NCLAT order to wind up Devas for fraud

Bench upheld tribunal’s finding that Devas was incorporated with ‘fraudulent motive to collude and connive’ with some officials of ISRO’s commercial arm Antrix for wrongful gain.

Now Devas wants to seize Air India’s assets in the US to enforce $1.2 bn arbitration award

Calling Air India an 'alter ego' of the Indian state & therefore liable for sovereign’s debts, Devas filed plea in New York asking the airline to pay the amount or forfeit its US property.

On Camera

A stronger Iran has emerged from the rubble. US learned the lesson 40 days late

The US and Israel’s assassinations of Iranian leadership ended up bestowing martyrdom on those killed. Shias saw the deaths as a continuity of martyrdom from the Battle of Karbala.

Data centre gold rush risks blackouts, central electricity body warns states against tripping grids

India’s fast-growing data centre sector may strain state electricity networks; Central Electricity Authority has urged Maharashtra, Andhra Pradesh, Telangana and Tamil Nadu to boost capacity.

Theaterisation in play: Air Headquarters to control strategic assets  

Exclusive: Theaterisation proposal has been stuck over how limited air assets would be divided. Consensus reached on division of air assets among 3 theatres, it is learnt.

China insulated itself against energy shocks. India is ‘all talk, no walk’

China patiently invested capital, skill and technology in coal gasification. Unlike it, we won’t move from words to action. As crude prices decline, we lose interest.