INX Media case: Delhi HC refuses to grant bail to Chidambaram, says may influence witnesses
New Delhi: The Delhi High Court Monday refused to grant bail to former finance minister P Chidambaram in the INX Media corruption case.
Justice Suresh Kait denied bail to the Congress leader, saying there is no chance of tampering with evidence but there is a possibility that Chidambaram can influence witnesses.
Chidambaram, who is in custody since his arrest by the CBI on August 21, did not approach the trial court and had directly filed the regular bail plea in the high court.
He was arrested from his Jor Bagh residence here and is in Tihar Jail under judicial custody till October 3.
The CBI had registered an FIR on May 15, 2017, alleging irregularities in the FIPB clearance granted to the INX Media group for receiving overseas funds of Rs 305 crore in 2007 during Chidambaram's tenure as the finance minister.
Thereafter, the ED lodged a money laundering case in this regard in 2017.
Let the Truth be known. If you read VB and like VB, please be a VB Supporter and Help us deliver the Truth to one and all.
Karnataka launches state-led Centre of Excellence for Space Technology in Bengaluru
Bengaluru (PTI): In a significant boost to India’s rapidly expanding space economy, the Karnataka government on Friday launched the country’s first state-led Centre of Excellence for Space Technology here, officials said.
The initiative is aimed at strengthening India’s capabilities to translate space innovation into scalable commercial outcomes, they said.
The Centre, established by the Government of Karnataka through the Karnataka Innovation and Technology Society in collaboration with SIA (Satcom Industry Association India) -India, was inaugurated by Minister for Electronics, IT/BT, and Rural Development and Panchayat Raj, Priyank Kharge, in the presence of senior officials and industry leaders, officials said.
Speaking at the launch, Minister Kharge said that Karnataka has consistently been at the forefront of India's technology and innovation journey. With the launch of this Centre of Excellence for Space Technology, we are extending that leadership into one of the most strategic sectors of the future.
"Our focus is not just on advancing research, but on creating an ecosystem where innovation can translate into real-world applications, economic growth, and high-quality jobs. This Centre will play a critical role in positioning Karnataka as a key driver of India's space economy," he said.
According to an official statement, the CoE SpaceTech Foundation has been established under a Memorandum of Agreement between KITS and SIA-India to drive research and innovation in space technologies, industry-aligned training, startup incubation and cross-sector applications, it said.
The Centre has also formalised strategic MoUs with multiple industry and academic partners to support research in space biotech and microgravity, enable collaboration, build talent pipelines, and provide startups with training and market access, it added.
