SC refuses urgent listing of TN's plea accusing Centre of withholding funds under Samagra Shikhsa Scheme
In its original suit filed under Article 131 of the Constitution, the DMK government sought a direction to the Union government to pay it Rs 2,291.30 crore, with interest at 6 per cent per annum on the principal sum of Rs 2,151.59 crore, from May 1, 2025, until realisation of the decree.
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Business Standard
10 minutes ago
- Business Standard
Reliance Defence partners Diehl for precision-guided munitions in India
Reliance Defence and Diehl Defence tie up for local production of 155 mm guided munitions in Ratnagiri, with Rs 5,000 crore investment planned over five years Mumbai Anil Ambani's Reliance Defence (R-Defence) has tied up with Germany-based Diehl Defence to produce next-generation terminally guided munitions (TGM) for the Indian armed forces. The partnership with Diehl will drive local production of the Vulcano 155 mm precision-guided munition system, R-Defence stated. As part of the agreement, R-Defence will establish a large, high-tech, greenfield, integrated ammunition and explosive manufacturing facility in Watad Industrial Area in Ratnagiri, Maharashtra. 'This strategic alliance not only accelerates the advancement of India's defence manufacturing capabilities, but also positions Reliance Defence as a pivotal player in the global defence supply chain,' Ambani, founder and chairman of the Reliance Group, said. In May, the company had tied up with another Germany-based defence firm, Rheinmetall AG, to supply the explosives and propellants for medium- and large-calibre ammunition. The facilities for the above-mentioned partnerships in Ratnagiri will be established with an investment of ₹5,000 crore over the next five years, a company source stated. R-Defence is aiming to start manufacturing in the next 18 months, as it has the land and principal approvals for the plant in place. The company aims to fund 30 per cent of the investment via equity and the other 70 per cent via debt. The equity is likely to come from the company's internal cash accruals, the source said. R-Defence aims to be amongst the country's top three private defence exporters in the next 12 to 24 months. It is likely to sign long-term agreements with firms like Diehl and Rheinmetall for 5 to 10 years in the coming months. The partnerships are a part of the company's ammunition-focused strategy, where the products made in India will have 60 per cent indigenous content. It is eyeing the market opportunity to potentially generate ₹10,000 crore in revenue through the development and supply of advanced ammunition systems. This tie-up with Diehl is also Reliance Group's fourth global partnership, expanding upon its established collaborations with Dassault Aviation, Thales Group of France, and Rheinmetall. Additionally, Diehl Defence's product portfolio includes air defence systems, missiles for all branches of the armed forces, and ammunition for the army, air force, and navy, as well as protection systems, generating annual sales of over 2 billion euros.
Hans India
13 minutes ago
- Hans India
SWIGGY ROLLS OUT CORPORATE REWARDS PROGRAM IN 7000 COMPANIES ACROSS INDIA: UNLOCKS EXCITING BENEFITS FOR CORPORATE EMPLOYEES
Swiggy Limited (NSE: SWIGGY / BSE: 544285), India's leading on-demand convenience platform, has launched its Corporate Rewards Program, a first-of-its-kind initiative designed to bring added value, convenience, and delight to working professionals across the country. The company shared that it has rolled out the Corporate Rewards Program across 7000 companies in India. Swiggy has received a great response for this program and is in the process of expanding it to 15,000+ organizations across India by the end of 2025. Through this program, employees of the partner companies can access a range of exclusive offers by verifying their official work email address on the Swiggy app. The Corporate Rewards Program is currently live in companies across top 10 corporate hubs in the country including Delhi NCR, Mumbai, Bengaluru, Chennai, Hyderabad, Noida, Pune and Kolkata. Swiggy will be adding more benefits and perks to the Corporate Rewards Program in the coming weeks. In line with Swiggy's broader strategy to cater to specific consumer segments, the Corporate Rewards Program focuses on enhancing the food ordering and dining experience for India's corporate workforce. The offers include Swiggy One membership at discounted price, flat discount of Rs. 125 to Rs. 200 on food delivery orders, flat 20% off on large/ party orders on the food delivery app, as well as flat discount of upto Rs. 2000 on Swiggy Dineout. Once a user verifies his/her corporate email ID in the dedicated 'Corporate Rewards' section within the Swiggy app, they are granted access to a suite of curated benefits that are tailored to the needs of the corporate employees and enables them to have a great time while at work or off it. So, whether it is busy workdays, team lunches, office parties, or late-night work sessions as well as for a great evening out with loved ones, the perfect weekend plan or the feast that one may want to order in on a special day, Swiggy's Corporate Rewards Program offers a host of benefits for all its users. With its intuitive access, expansive corporate network, and compelling offers, the Corporate Rewards Program positions Swiggy as not just a food delivery platform, but a reliable companion for India's urban professionals. Swiggy's Corporate Rewards Program is currently running across a range of industries including Consulting, E-commerce, Banking/ Finance, IT/ Software/ Technology, Manufacturing/ Heavy Industries, VCs, FMCG Companies, Automobile/ Auto Ancillary, Pharmaceutical and Healthcare, Telecom, Energy/ Oil & Gas and Utilities, Retail, Education, Media and Entertainment, Aerospace/ Defense, Hospitality/ Travel and Tourism, Agritech/ Agriculture, Mining and Natural Resources. Commenting on the launch, Deepak Maloo, Vice President-Food Strategy, Customer Experience and New Initiatives, said, 'The Corporate Rewards Program reflects Swiggy's commitment to offering an enhanced, hyper-relevant, lifestyle-integrated experience for working professionals across age groups. Whether it's a working professional looking for reliable lunch options during a busy day, a team celebrating a successful project, a late-night worker seeking comfort food after hours, planning a weekend get together with friends, or hosting a group of friends on a match day, Swiggy's Corporate Rewards Program makes the experience more rewarding and cost-effective. With exclusive offers designed for those with busy schedules, we're helping people save time, save money, and still eat well — no matter where work takes them.' The sign-up process for this program is seamless and designed with user convenience in mind—requiring just a few steps to verify a work email and instantly access all associated perks. The launch of this program builds on the success of Swiggy's recently announced Students Rewards Program and marks another step in Swiggy's effort to build a targeted, meaningful ecosystem of benefits around specific user communities. While the Student Rewards offering was created to meet the needs of collegegoers living away from home, the Corporate Rewards Program addresses the rhythm of the modern workplace—fast-paced, digitally connected, and always on the move.
Hans India
16 minutes ago
- Hans India
Bengaluru–Mangaluru High-Speed Corridor Takes Off: DPR Work Begins
Mangaluru: In a major boost to Karnataka's infrastructure ambitions, the much-anticipated high-speed expressway between Bengaluru and Mangaluru is one step closer to reality, with the Detailed Project Report (DPR) preparation now officially underway. Dakshina Kannada MP Capt. Brijesh Chowta announced that the tendering process for the DPR has been completed by the Union Ministry of Road Transport and Highways, and the DPR work commenced as of April 30. The report is expected to take around 18 months to complete. "This is a transformative step for the region," said Chowta, who has been lobbying for the project over the past year. "Once realised, this corridor will not only reduce travel time between Bengaluru and Mangaluru drastically but also give a fillip to trade, tourism, and economic activity across southern Karnataka." The expressway, envisioned as a four-to-eight-lane high-speed road, is expected to run via Hassan district. When completed, it will slash travel time — currently 7 to 8 hours by road — to under 5 hours, depending on the final alignment and engineering specifications. Equally important, the all-weather corridor will improve safety, reduce congestion, and ensure seamless connectivity between Karnataka's hinterland and its vital port city. Chowta has thanked Prime Minister Narendra Modi, Union Minister Nitin Gadkari, and officials at the National Highways Authority of India (NHAI) for prioritising the project. He emphasised that it would unlock new growth opportunities for Mangaluru port, enhance the logistics backbone of the region, and strengthen industrial corridors extending to neighbouring districts. In a related proposal, the MP has suggested the preparation of a joint DPR for road and rail connectivity through the ecologically sensitive Shiradi Ghat. Located in the Western Ghats, this zone has long posed engineering and environmental challenges. A coordinated approach involving the NHAI and Indian Railways could streamline approvals from forest and environment ministries, Chowta said. He revealed that the Railways is already exploring a dedicated rail line through the Ghat section, and has urged the formation of a joint technical committee to examine the feasibility of an integrated road-rail corridor — a move that could reduce infrastructure duplication while protecting the fragile ecosystem. With political will and technical groundwork falling into place, the Bengaluru–Mangaluru Expressway could soon evolve from blueprint to blacktop — redefining coastal Karnataka's access to markets, jobs, and growth.
