International
Spain has decided not to buy U.S.-made F-35 fighter jets. Instead, its government will focus on European options. This means Spain will consider aircraft like the Eurofighter Typhoon and the Franco-German-Spanish Future Combat Air System (FCAS). Why the Shift to European Jets Originally, Spain had allocated around €6.25 billion in its 2023 budget to purchase […]
Business
The Supreme Court of India has ordered all states and union territories to clear the unpaid dues owed to electricity distribution companies (discoms). These unpaid amounts, called “regulatory assets,” must be fully repaid within four years starting April 1, 2024. Limits and New Rules for Tariffs The court has also mandated that any new regulatory […]
Business
Bharat Heavy Electricals Limited (BHEL), a government-owned engineering company, reported a larger loss for the first quarter of fiscal year 2025-26. The company’s consolidated net loss widened to ₹455.5 crore, compared with a ₹211.4 crore loss in the same period last year. This loss more than doubled compared to the year-ago quarter. Revenue and Expenses […]