The Ministry of Defence (MoD) bans imports of 107 strategically important Line Replacement Units (LRUs)/sub-systems to promote self-reliance in defence manufacturing and minimize imports by Defence Public Sector Undertakings (DPSUs) under 'Atma Nirbhar Bharat'.
The Haas Formula One team has terminated their contract with Russian driver Nikita Mazepin with immediate effect following Russia's invasion of Ukraine.
Rating agency Moody's has revised downwards the economic growth forecast of India by 40 basis points to 9.1 percent in the Calendar Year 2022 (CY2022), due to adverse effects of the Russia-Ukraine conflict on the global economy.