PARIS: Defence Minister Nirmala Sitharaman on Friday visited a production facility of French aerospace major Dassault Aviation near Paris where the Rafale jets to be supplied to India are being manufactured, official sources said. They said during her visit to the plant in Argenteuil, Sitharaman spoke to officials of the Dassault Aviation, the makers of […]
NEW DELHI: The Prime Minister of India Narendra Modi on Friday reviewed the oil and gas production profile of state-owned ONGC and OIL over the near to medium term to assess how his target to cut oil imports by 10 per cent would be met. Sources with direct knowledge of the meeting said Oil and […]
NEW DELHI: The Centre has approved a land pooling policy for Delhi, which will allow the city to get 17 lakh housing units capable of accommodating 76 lakh people. Last month, the policy was approved by the Delhi Development Authority (DDA) under the chairmanship of Lt Governor Anil Baijal. “Yes, I have signed it (land […]
MUMBAI: State-run Bank of India on Thursday said it has increased its marginal cost of funds based lending rate (MCLR) by 0.05 per cent for overnight and one month tenure, effective October 10. The new overnight rate stands at 8.05 per cent, while the one month rate has been revised to 8.15 per cent, the […]
NEW DELHI: The New Industrial Policy framed by the Ministry of Commerce in consultation with all Ministries of Government of India, State Governments, Industry and all stakeholders embodies the Government’s intention to align India with the emerging technologies of drones, artificial intelligence and block chain. This was stated by the Union Minister of Commerce & […]
NEW DELHI: The 5th meeting of India-Azerbaijan Inter-Governmental Commission on Trade and Economic, Science and Technology Cooperation (IA-IGC) was held on 11-12 October, 2018 in New Delhi. The meeting was co-chaired by Union Minister of Commerce & Industry and Civil Aviation, Suresh Prabhu and Minister of Ecology and Natural Resources of the Government of Republic […]
NEW DELHI: JSW Steel Ltd is seeking a legal opinion if it can bid solo for stressed assets of Essar Steel if fresh bids were allowed, joint managing director Seshagiri Rao said on Tuesday. “It depends upon the legal opinion and the view of the CoC (committee of creditors) and the resolution professional (RP). If […]
WASHINGTON: Lockheed Martin and Tata will jointly host a suppliers’ meet in India to provide unmatched opportunities for Indian companies to establish new business ties with the F-16 fighter jets’ maker and other industry leaders, the American aerospace giant announced on Tuesday. Such a move from Maryland-based Lockheed Martin comes as part of its broader […]
NEW DELHI: Even as rupee depreciation is adding to the stress in the automobile market, Tata Motors will evaluate passing on its impact to consumers only around December to avoid price hike during the festive season, a senior company official said on Wednesday. The company, which introduced an upgraded version of its compact sedan Tigor […]
NEW DELHI: Drug firm Aurobindo Pharma on Thursday said it has received final nod from the US health regulator for its Azithromycin oral suspension used for treatment of infections. The company has received final approval from the US Food and Drug Administration (USFDA) to manufacture and market Azithromycin oral suspension 100 mg /5 mL and […]
NEW DELHI: A Delhi court on Thursday ordered attachment of liquor baron Vijay Mallya’s properties in Bengaluru in a case relating to FERA violations. Chief Metropolitan Magistrate Deepak Sherawat issued fresh directions after the Bengaluru Police, through ED’s special public prosecutor N K Matta and advocate Samvedna Verma, sought more time to execute its earlier […]
NEW DELHI: LIC’s open offer to purchase shares from the minority shareholders of IDBI Bank will kick-start from 3 December, IDBI Bank said on Thursday. The open offer, at Rs 61.73 per equity share, will close on 14 December. LIC has offered to acquire 2,04,15,12,929 equity shares, representing 26% of the fully paid-up equity capital […]
NEW DELHI: The Delhi high court on Thursday directed former Ranbaxy Laboratories Ltd promoter Shivinder Singh to pay the money owed to Japanese pharma major Daiichi Sankyo Inc. under an arbitral award won by it in 2016. The court also asked Shinvinder Singh to form by 30 October a “viable” plan of payment of his […]
NEW DELHI: Discussions with “very valuable ally” India on a trade deal has started, the White House said Thursday, as United States of America (USA) President Donald Trump insisted that New Delhi has reached out to his administration on this. “Yes, discussions (with India on a trade deal) has started. No details please. But discussions […]
NEW DELHI: The Enforcement Directorate (ED) on Thursday said it has attached assets worth Rs 54 crore of Karti Chidambaram, son of former Finance Minister P Chidambaram, in India, UK and Spain in connection with the INX Media money laundering case, an action termed “bizarre and outlandish” by him. The central probe agency issued a […]
NEW DELHI: Driven by fall in crude prices and the recovery in rupee, the BSE Sensex on Friday posted its biggest single-day gain in 19 months, soaring over 700 points as global markets rebounded after two straight sessions of losses. The rupee strengthened 53 paise to 73.59 (intra-day) against the US dollar in the forex […]
