World

Australia Govt. signs $1.4 billion contract to upgrade Collins-class Submarines

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Australian Collins-class Submarines

Australia has signed a A$2.2 billion ($1.4 billion) four-year contract with state-owned submarine builder ASC to upgrade its Collins-class submarines. The “sustainment contract” is part of the government’s commitment to maintain the diesel-electric powered Collins-class fleet as a potent strike and deterrence capability. Australian Collins-class Submarines: The Collins-class submarines are Australian-built diesel-electric submarines operated by Read more: Australia Govt. signs $1.4 billion contract to upgrade Collins-class Submarines..

Amazon to face another Investigation in Italy for suspected tax evasion

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Amazon to face another Investigation in Italy for suspected tax evasion

Italian prosecutors in Milan have opened a second investigation into Amazon for suspected tax evasion. This is separate from the recent seizure of €121 million from another Amazon unit due to allegations of tax fraud and illegal labor practices. The Second Investigation is new investigation is unrelated to the previous one and focuses on potential Read more: Amazon to face another Investigation in Italy for suspected tax evasion..

Power Grid Corp Q1 reports 3.5% increase in profit as expenses fall – Stock to Watch

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Power Grid Corp Q1 reports 3.5% increase in profit

Power Grid Corporation of India, the state-run power transmission major, has reported a 3.5% increase in consolidated net profit for the first quarter of fiscal year 2025. The profit rose to ₹3,724 crore, compared to ₹3,597 crore in the same period last year. This increase was mainly driven by a fall in expenses, despite a Read more: Power Grid Corp Q1 reports 3.5% increase in profit as expenses fall – Stock to Watch..