Lop Rahul Gandhi Hits Out At PM Modi After Trump's Tariff Remark India Pakistan War
Rahul Gandhi criticizes PM Modi's silence on Trump's mediation claims, asserting trade talks were never on the agenda. With Trump hinting at tariffs, Gandhi warns of unfavorable trade deals, while the Indian government insists on a bilateral approach with Pakistan. n18oc_india News18 Mobile App - https://onelink.to/desc-youtube
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Business Standard
22 minutes ago
- Business Standard
Bajaj Indef Acquires 80% Stake in Daedalus to Strengthen 'Make in India' Leadership
VMPL Mumbai (Maharashtra) [India], August 2: Bajaj Indef, a trusted leader in the material handling solutions space, has announced the acquisition of an 80% equity stake in Daedalus Lift & Access Equipments Pvt. Ltd., a pioneering manufacturer of Aerial Work Platforms (AWPs) and Mobile Elevating Work Platforms (MEWPs). This strategic move aligns with Bajaj Indef's ambitious Vision 500 growth roadmap and expands its portfolio into the fast-growing access equipment segment. The Daedalus Story: Built by Passion, Powered by Innovation Founded in 2017 by four engineering graduates driven by a shared passion for technology and innovation, Daedalus set out to transform India's access equipment landscape. In a market largely dominated by imported products, the team envisioned building world-class, Made-in-India solutions. From their manufacturing facility in Chakan, Pune, Daedalus has built a full range of indigenous AWPs and MEWPs including self-propelled and manual scissor lifts, vertical mast lifts, and boom lifts. Their focus on compact design, safety, and reliability has made them one of India's most admired homegrown brands in this niche segment. The Name that Embodies Ingenuity The company's name draws inspiration from Daedalus, the legendary inventor from Greek mythology known for his ingenuity and craftsmanship. Like its namesake, Daedalus the company has built products that reflect precision engineering and breakthrough thinking--bringing Indian innovation to the forefront. Unlocking Synergy for Customers and Channel Partners With Bajaj Indef's legacy of 60+ years, robust design and manufacturing, pan-India distribution network, and robust after-sales infrastructure, the acquisition creates a powerful synergy. Customers will now benefit from: - A broader product portfolio across hoists, cranes, and access equipment - Enhanced service capabilities, ensuring faster response and reliability - Strong, unified support from two complementary brands For channel partners, this partnership opens up new opportunities to cross-sell and scale business with a wider product basket, backed by Bajaj Indef's manufacturing and financial strength. A Strategic Step Towards Vision 500 The acquisition of Daedalus is a significant milestone in Bajaj Indef's Vision 500, which aims to transform the company into a ₹500 crore enterprise in the coming years. By entering the access equipment market through a trusted, fully indigenous brand, Bajaj Indef is poised to deliver enhanced value to customers and stakeholders. Amit Bhalla, Managing Director, Bajaj Indef said on the occasion: "Daedalus is a promising start-up based on largely India based supply chain, and challenging the mighty global brands in India. In short time, they have developed unique products that can serve Indian manufacturing sector and warehousing sector. Bajaj Indef will not only support them to scale up in their dreams but also will be part of their journey hand in hand - to transform them from a small start up to most preferred brand in MEWPs and AWPs. The technical and financial strength of brand Bajaj Indef and depth and width of our customer base and distribution will drive this exponential growth. It is proud moment for us, that we are able to work together and offer more range of material handling products to our customers in line with our Vision 500." "This milestone marks a pivotal moment in our journey, uniting our innovative spirit with decades of proven expertise of Bajaj Indef. We continue to challenge boundaries and set new industry benchmarks. Our team is inspired and invigorated to unlock the True potential in Mobile Elevated Work Platform (MEWP) sector across India and International markets. Daedalus Lift and Access Equiments Pvt. Ltd. remains steadfast in delivering excellence as we shape a future defined by Growth, Innovation and Success for our Stakeholders," Daedalus founders (Sujai Pujari, Mayur Alandkar, Avinash Poojari, Sushrut Joglekar) said on this occasion. About Bajaj Indef Bajaj Indef is a leader in hoisting and material handling solutions with a rich legacy spanning over six decades. Known for its customer-centricity, innovation, and trusted quality, Bajaj Indef serves industries across India and global markets through a robust network of authorized business partners. To know more visit About Daedalus Established in 2017 in Pune, Daedalus is India's first original design manufacturer (ODM) of battery-operated and manual Aerial Work Platforms and Mobile Elevating Work Platforms. The company embodies the spirit of innovation, safety, and self-reliance, delivering products that match international standards while being proudly Made in India. To know more visit
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Business Standard
22 minutes ago
- Business Standard
'Let them sail': Russian lawmaker shrugs off Trump's nuclear sub threat
A senior Russian lawmaker has said that Russia has enough nuclear submarines at sea to handle any potential threat from the two US subs ordered into position by President Donald Trump, news agency PTI reported. Viktor Vodolatsky, a member of the Russian Parliament (Duma), told state news agency TASS that there is no need for a response from Russia to Trump's decision. "The number of Russian nuclear submarines in the world's oceans is significantly higher than the American ones, and the subs that US President Donald Trump ordered to be redirected to the appropriate regions have long been under their control,' he said. 'So no response from the Russian Federation to the American leader's statement about the submarines is required." Vodolatsky also said: 'Let the two US subs sail, they have been in the crosshairs for a long time now.' Trump orders US nuclear submarines on alert On Friday, Trump posted on his social media platform Truth Social that he had ordered the movement of two US nuclear submarines to 'appropriate regions'. He said the decision was in response to what he described as 'extremely provocative statements' made by former Russian President Dmitry Medvedev, now the deputy chairman of the Russian Security Council. In his post, Trump wrote: 'Based on the highly provocative statements of the Former President of Russia, Dmitry Medvedev... I have ordered two Nuclear Submarines to be positioned in the appropriate regions, just in case these foolish and inflammatory statements are more than just that." Russian minister backs peaceful approach, warns against direct conflict Responding to comments made by US Secretary of State Marco Rubio in a Fox News interview, Russian Foreign Minister Sergei Lavrov welcomed the US position that a direct military clash with Russia must be avoided. 'We wholeheartedly concur with this position. Such shared understanding has been facilitated through constructive Russian-American dialogue,' Lavrov said. 'While Europeans are hysterically pushing for Ukraine's integration into NATO... Marco Rubio recently reaffirmed a responsible stance, explicitly stating that a direct military confrontation between the United States and Russia must be avoided," he said. Trump slams Medvedev, India and Russia In another post on Thursday, Trump attacked both India and Russia, calling them 'dead economies' and suggesting they could 'take their dead economies down together'. He also criticised Medvedev. 'Russia and the USA do almost no business together. Let's keep it that way. Tell Medvedev, the failed former President of Russia, who thinks he's still President, to watch his words. He's entering very dangerous territory!' Trump said. In response, Medvedev dismissed Trump's remarks, saying they showed nervousness. 'If some words from the former president of Russia cause such a nervous reaction from the supposedly mighty president of the US, then Russia is doing everything right,' he wrote on Telegram. He also reminded Trump of Russia's Cold War-era nuclear capability, designed to retaliate even if the country's leadership were destroyed in a first strike. Mocking Trump's interest in pop culture, Medvedev added: 'He should remember his favourite films about 'The Walking Dead' and think about how dangerous a 'dead hand' can be, even one that doesn't exist in nature,' ending his post with a laughing emoji. (With agency inputs)
Mint
22 minutes ago
- Mint
PCB issues ban on ‘Pakistan' name in private cricket after WCL 2025 fiasco: Report
Following the embarrassment faced by the Pakistan Legends side in the World Championship of Legends, the Pakistan Cricket Board has reportedly decided to ban all private cricket leagues from using the country's name, according to a recent report. The decision by the PCB comes shortly after India Champions refused to play with their Pakistani counterparts in the semi-final of the tournament in Birmingham. Prior to the semi-final clash, Indian players like Yuvraj Singh, Suresh Raina, Shikhar Dhawan and Harbhajan Singh had also opted out of the league stage match against the arch-rivals. The cricketers attributed the decision to the rising geopolitical tensions between the two countries, especially in the wake of the Pahalgam terror attack and the ensuing Operation Sindoor launched by the Indian armed forces. With India boycotting the semi-final clash against Pakistan, the neighbours had qualified for the final match. If a report by Telecom Asia Sport is to be believed, the Pakistan Legends side has been allowed to play the final match against South Africa on Saturday, but the PCB has made it clear that no future teams or leagues will be permitted to use the 'Pakistan' name without formal clearance by the cricket board. The decision was reportedly taken by the PCB after an emergency meeting of the Board of Directors after India Champions refused to take the field twice against Pakistan. 'The decision was taken after a detailed discussion in the Board of Directors meeting on Thursday. The high-level authorities felt Indian players refusing to play Pakistan in the WCL's second edition twice was hurtful to the name of the country," quoted a source as saying. 'Going forward, no private organisation will be allowed to use the country's name in any capacity unless the PCB verifies the league's legitimacy and reputation. All violators will face legal action,' it added. Mint could not independently verify the report. After the cancellation of the semi-final match, WCL had issued a statement writing, 'At WCL, we have always believed in the power of sport to inspire and bring about positive change in the world. However, public sentiment must always be respected — after all, everything we do is for our audience,' the WCL statement read. 'We respect the India Champions' decision to withdraw from the semi-finals, and we equally respect the Pakistan Champions' readiness to compete. Taking all factors into consideration, the match between the India Champions and the Pakistan Champions has been called off,' it added.
