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The Latest Breaking News from MDL

3 Groups File Competing Claims For Sam Bankman-Fried's $11B Forfeited Assets

Sam Bankman-Fried was ordered to forfeit $11 billion in assets after he was found guilty of fraud and other related charges late last year, and now three separate groups are claiming all or some of the assets linked to the collapse of the FTX crypto empire.

International Business Times

Field evaluation of bids for Navy’s mega submarine deal underway; German govt. to acquire stake in TKMS

German government to take stake in TKMS for Indian Navy's Project-75I submarine deal, enhancing defence cooperation.

The Hindu

Top Spanish defence official to pitch for submarine deal in Delhi

Spain's Secretary of State for Defence to visit India for submarine deal talks with Indian officials.

The Hindu

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India receives price bids for 26 Rafale-M jets, 3 Scorpene submarines

The Rafale-M deal is being processed through an Inter-governmental agreement; the scorpene submarine deal is a follow-on to the earlier contract with Naval Group, under which Mazagon Dockyard Shipbuilders Limited (MDL), Mumbai manufactured six submarines in India.

The Hindu

INS Imphal, India’s first warship, delivered 4 months ahead of schedule

MDL delivers INS Imphal, third ship of Project 15B Class of stealth guided missile destroyers, four months ahead of schedule. It is equipped with two helicopters, has an endurance of 4,000 nautical miles, and can carry out a 42-day mission

The Hindu

Mahendragiri, seventh stealth frigate of Project 17A, launched into water

The seventh and last stealth frigate of Project 17A, Mahendragiri, was launched into water at Mazagon Dock Shipbuilders Limited (MDL) in Mumbai. Over 75% of the orders of Project 17A have been placed with indigenous firms, with a project cost of ₹45,000 crore.

The Hindu

US’ main focus is safe return of soldier, who crossed over into North Korea: White House

The White House on Wednesday (local time) said that the US' main focus is the safe return of Travis King, who crossed the Military Demarcation Line (MDL) into North Korea during a tour to the Joint Security Area (JSA) in the demilitarized zone last month. Read further on Dynamite News…

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Contract for three more Scorpene submarines likely by end-2024; first delivery expected by 2031

Navy to get 3 new Scorpene-class submarines by 2024; 1st delivery in 2031. Procurement process to start shortly after DAC's Acceptance of Necessity. Submarines to come with DRDO-developed AIP system, higher indigenous content. Naval Group, MDL sign MoU for cooperation on 3 submarines. Navy has 16 conventional submarines in service,…

The Hindu

Naval Group working on qualifying DRDO-developed Air Independent Propulsion system for installation on Scorpenes

Naval Group invests ₹100cr in 3 workshops for Scorpene submarines. MoU signed between India and France for 3 additional Scorpenes. DRDO-developed AIP system to enhance endurance of the submarines

The Hindu

DPSU MDL and German TKMS team up to bid for Navy’s mega submarine deal

The P-75I is being executed under the Strategic Partnership model of Defence Acquisition Procedure

The Hindu

Submarine deal with India could become a flagship project, says German Defence Minister

India and Germany discussed the progress of a deal for the procurement of six advanced conventional submarines by the Indian Navy under Project-75I, visiting German Defence Minister Boris Pistorius said on his talks with Defence Minister Rajnath Singh while making a strong pitch for German company Thyssenkrupp Marine Systems (TKMS).

The Hindu

Rajnath Singh set to host U.S., German leaders for defence deals

U.S. Secretary of Defence and German Defence Minister will be in India for bilateral talks with Rajnath Singh.

The Hindu

Devon boatyard manager sells Dartside Quay site

The owners of another nearby boatyard have acquired the site, located three miles from Dartmouth, from MDL Marinas

Birmingham Post

Florida judge says 3M acted in 'bad faith' in latest move in military earplugs cases

Saying 3M has engaged in "bad faith manipulation," a federal judge quashed the company's effort to shift responsibility for an avalanche of military earplug lawsuits to a bankrupt subsidiary.

Tribune News Service

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The Independent UK

Made.com goes into administration with nearly 400 jobs lost at online furniture firm

Next has bought the struggling brand, which launched on the London Stock Exchange less than two years ago

Wales Online

Furniture retailer Made goes into administration with 600 jobs at risk

“We appreciate and deeply regret the frustration that MDL going into administration will have caused for everyone.”

Manchester Evening News

Furniture firm Made.com to appoint administrators with 700 jobs at risk

Rescue talks to find a buyer have failed

Wales Online

Furniture firm Made.com to appoint administrators after rescue talks fail

The firm currently employs up to 700 people

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Daily Record

Made.com to collapse into administration after rescue efforts fail

The online furniture retailer stopped taking orders from new customers after efforts to find a buyer fell through.

The Independent UK

Made.com on the brink of collapse after rescue talks fail

The company’s shares were suspended on Tuesday and it stopped taking new orders last week

Evening Standard

Made.com suspends customer orders after rescue efforts fail

The company had said it would need £70 million in funding to secure its future over the next 18 months.

The Hindu

Third stealth frigate of project 17A ‘Taragiri’ launched

The keel of 'Taragiri' was laid on September 10, 2020. The ship is expected to be delivered by August 2025, the statement said.

The Hindu

MSME to help in naval shipbuilding

Fourth Project-17A stealth frigate ‘Dunagiri’ launched into waters in Kolkata

The Hindu

Sixth Scorpène submarine Vagsheer launched into water in Mumbai

It is likely to be inducted into Navy next year

Birmingham Post

Ex-boss of Princess Yachts launches boat design and refit firm in Plymouth

Chris Gates stepped down as MD at UK's largest luxury yacht manufacturer in 2019 but is now in charge at Setag Yachts

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