RBI Dy Governor Viral Acharya, who brought to light differences with Narendra Modi government, quits
NEW DELHI: Viral Acharya, the RBI Deputy Governor who had in October last year brought to light tensions with the government over independence of the central bank, has resigned six months before the scheduled end of his term in the office. Acharya, 45, who was the only Deputy Governor of Reserve Bank of India (RBI) […]
Apollo Hospitals inks pact with IMA Lady Doctors for organ
HYDERABAD: Apollo Hospitals on Monday announced it has signed a Memorandum of Understanding (MoU) with the Woman Doctors Wing of the Indian Medical Association (IMA) to drive organ donation across the country. Under the terms of the MoU, Apollo Hospitals would work with the IMA Woman Doctors Wing to promote organ donation among the public […]
BSP to contest all future polls on its own: Mayawati
NEW DELHI: BSP president Mayawati on Monday asserted that her party will contest all elections in the future on its own, indicating an end of its much talked-about alliance with the Samajwadi Party (SP). The announcement comes a day after the BSP supremo held a meeting with party workers to review her outfit’s showing in […]
HAL integral part of global supply chain, proud of the partnership: Boeing
NEW DELHI: Indian suppliers are an integral part of Boeing’s global supply chain, a top official of the aerospace major said as Boeing and Hindustan Aeronautics Limited (HAL) marked an important milestone in their collaboration. HAL celebrated a milestone with Boeing with the delivery of the 150th gun bay door for the F/A-18 Super Hornet. […]
Insolvency proceedings initiated against Jet Airways
NEW DELHI: Insolvency proceedings have been initiated against debt-ridden Jet Airways, which formally stopped flying on April 17 and saw lenders voting for bankruptcy earlier this month. The cash-strapped company became the first domestic airliner to go into bankruptcy after the Mumbai bench of the National Company Law Tribunal (NCLT) admitted an insolvency petition filed […]
Privatise mining firms to bring down $400 billion of imports: Anil Agarwal to Narendra Modi
NEW DELHI: Anil Agarwal, the scrap metal dealer turned billionaire metals tycoon, has told Prime Minister Narendra Modi that the government of India should privatise five mining firms including NMDC to save some of the $400 billion that India spends annually on imports, saying the government has no business to be in the business. The […]
CBI books alleged arms dealer Sanjay Bhandari, others in Pilatus aircraft deal
NEW DELHI: The CBI has booked controversial arms dealer Sanjay Bhandari and others in connection with the alleged corruption in the Rs 2895 crore deal of 75 Pilatus basic trainer aircraft for the Indian Air Force in 2009, officials said on Saturday. The agency has carried out searches at nine locations in Delhi-NCR including at […]
Ural Airlines aims to start daily flight between Mumbai and Moscow
NEW DELHI: Ural Airlines, the fourth largest airline of Russia, aims to start a daily flight between Mumbai and Moscow. The Yekaterinburg-based airline recently conducted its inaugural Mumbai-Moscow flight. “India being the most (fastest) developing country in the world, we are trying to open up the route with an aim of having four weekly flights […]
US blacklists 5 Chinese groups working in supercomputing
WASHINGTON: The United States (US) is blacklisting five Chinese organisations involved in supercomputing with military-related applications, citing national security as justification for denying its Asian geopolitical rival access to critical US technology. The move Friday by the US Commerce Department could complicate talks next week between President Donald Trump and his Chinese counterpart, Xi Jinping, […]
Indian airlines to avoid Iranian airspace, will re-route flights: DGCA
NEW DELHI: Amid rising geopolitical tensions between the US and Iran, India’s aviation regulator Directorate General of Civil Aviation (DGCA) on Saturday said Indian airlines have decided to avoid the “affected part of the Iranian airspace” and reroute their flight “suitably”. On Friday, the American aviation regulator, the Federal Aviation Administration (FAA), issued a Notice […]
Jet Airways case: SBI’s no to Etihad’s demands for open offer waiver, slots
NEW DELHI: State-run SBI Friday said Etihad Airways had sought waiver of open offer and assurance of flying slots for take over of Jet Airways, but the lenders to the debt-ridden carrier had no authority to accommodate the relaxations sought. State Bank of India (SBI) chairman Rajnish Kumar had on Thursday defended the lenders’ decision […]
No plan to cap H1-B visas, Mike Pompeo will assure India: US Official
NEW DELHI: US Secretary of State Mike Pompeo will assure the Indian leadership during his visit to India next week that the Trump administration has no plans to impose a cap on issuing the highly sought-after H-1B visas that are forcing foreign companies to store data locally, an American official said on Friday. The H-1B […]
Rs 80,000 crore Kaleshwaram irrigation project inaugurated in Telangana
NEW DELHI: The Kaleshwaram Lift Irrigation Project (KLIP) worth Rs 80,000 crore, touted as the world’s largest multi-stage multi-purpose scheme, was inaugurated by Telangana Chief Minister K Chandrasekhar Rao on Friday. The project, considered a boon to the southern state, will provide irrigation facility for two crops in a year to 45 lakh acres, the […]
IL&FS Financial Services laundered Rs 5,000 cr of shareholder funds: ED to court
NEW DELHI: The Enforcement Directorate (ED) on Thursday told a court here that the IL&FS Financial Services (IFIN), a subsidiary of the crisis-hit IL&FS Group, alone has allegedly laundered over Rs 5,000 crore of shareholder funds. In a remand application submitted to the special court here, the ED claimed the group was being run as […]
Rs 45,000 crore submarines project: Indian Navy issues Expression of Interest for shortlisting partners
NEW DELHI: The Indian Navy has issued an Expression of Interest for shortlisting potential strategic partners for the construction of six P-75 (I) submarines, a major initiative under the ‘Make In India’ costing nearly Rs 45,000 crore, the Defence Ministry said Thursday. This is the second project being undertaken under the latest Strategic Partnership (SP) Model, with the first being the […]
Walmart to pay $282 million for violating anti-corruption rules in 4 countries
NEW DELHI: International retail giant Walmart on Thursday agreed to pay over $282 to various US bodies to settle charges of violating anti-corruption regulations while conducting its business in India, China, Brazil and Mexico. According to the US Security and Exchange Commission (SEC), these violations were conducted by Walmart’s third-party intermediaries who made payments to […]