CBI has booked London-based arms dealer Sudhir Choudhrie, his son Bhanu, and the British aerospace major for corruption in procurement of 115 Hawk jets for the training of IAF pilots.
From 2007-16, the family faced several charges — getting over $100 mn from Russian arms firms to Rolls-Royce making 'secret payments'. Bhanu Choudhrie was named in 2021 Pandora Papers case.
The CBI has alleged that former Rolls Royce India director Tim Jones, Choudhrie, and others conspired to deceive the Indian govt in procurement of Hawk aircraft during the UPA era.
Auditory goal for new Rolls-Royce Ghost was twofold — the cabin needed to remain quiet enough to whisper a conversation at speeds up to 80 mph and lose any annoying squeaks.
The company has lost more than three-quarters of its value this year and been hard hit by the drop in long-distance travel, eliminating demand for wide-body planes its engines power.
The current Iran war has laid bare a fundamental reality: 20 per cent of global energy trade cannot afford to rely on a single artery, no matter how resilient and cost-effective.
Regulator seeks feedback on allowing firms to repurchase shares via exchanges after tax changes, as markets reel from war-led selloff and foreign outflows.
It’s easy to understand why the government can’t speak the hard truth. When this war ends, as all wars do, India’s interests will lie with both the winner and the loser.
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