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India's state-run aerospace manufacturer Hindustan Aeronautics Limited is poised to deliver the first two Tejas Mark-1A ...
31/08/2025

India's state-run aerospace manufacturer Hindustan Aeronautics Limited is poised to deliver the first two Tejas Mark-1A fighter jets to the Indian Air Force by the end of September, ending a prolonged delay that has impacted the country's military modernization efforts. Defence Secretary RK Singh announced the development at the NDTV Defence Summit on Saturday, marking a critical milestone for India's indigenous fighter aircraft program.

The delivery comes after significant delays in the ₹48,000 crore contract signed in February 2021 for 83 Tejas Mark-1A jets, which were originally scheduled to begin deliveries in March 2024. The delays have primarily stemmed from engine supply issues, with US defense contractor GE Aerospace struggling to deliver the F404-IN20 engines required to power the aircraft.

Banking and Credit Card ChangesState Bank of India announced significant modifications to its credit card reward structu...
31/08/2025

Banking and Credit Card Changes

State Bank of India announced significant modifications to its credit card reward structure effective September 1. The bank will discontinue reward points for transactions on digital gaming platforms, government portals, and select merchants for three specific cards: Lifestyle Home Centre SBI Card, Lifestyle Home Centre SBI Card SELECT, and Lifestyle Home Centre SBI Card PRIME. This change affects the bank's reward point accumulation system, which has been a key customer attraction feature.

According to SBI Card's announcement, the move stems from profitability concerns, as digital gaming and government payment transactions typically generate low Merchant Discount Rates, making reward point distribution financially unviable. The bank follows a trend established by HDFC Bank, which made similar changes to its gaming-related reward points in July 2025.

SBI Card will discontinue reward points on digital gaming and government transactions from September 1, 2025, affecting select Lifestyle Home Centre cards. Cardholders should redeem existing points, focus on eligible spends, and consider alternative cards to maximise rewards.

31/08/2025

Nvidia's latest quarterly filing with the Securities and Exchange Commission has revealed a striking increase in customer concentration, with just two anonymous clients accounting for 39% of the company's $46.7 billion second-quarter revenue. "Customer A" alone contributed 23% of total sales while "Customer B" represented 16%, marking a significant jump from the 14% and 11% these same customers contributed during the same quarter last year.

23/08/2025
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23/08/2025

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