11844 stories by IPA Staff
US Supports India Closing Missile Gap With China
A clear lack of US condemnation of India’s latest missile test demonstrates that Washington not only appreciates but also supports India’s ability to meet the emerging strategic challenge posed by an aggressive China. The United States is more comfortable with the Indian progress in the nuclear and missile fields...
US Naval Chief Gets Ceremonial Welcome In New Delhi
The Chief of Naval Operations of the United States, Admiral Jonathan Greenert, received a ceremonial Guard of Honour at the Ministry of Defence in New Delhi on Monday. Admiral Greenert was received by Chief of Naval Staff Admiral Nirmal Verma and other senior officers. Admiral Greenert is in Delhi...
Remote Sensing Satellite Risat-1 Set For Launch
BANGALORE: The Launch Authorisation Board of RISAT-1 —India’s first satellite with indigenously developed synthetic aperture radar having all weather and day-night imaging capability — has cleared the launch of the mission at 5.47 am (IST) on April 26. The 71-hour countdown commenced at 6.47 am on Tuesday. During the...
Summer Months Real Test For J&K: Antony
NEW DELHI: At a time when relations between India and Pakistan are perceived to be improving, Defence Minister AK Antony on Tuesday told top military commanders that the summer months would provide an “even more realistic assessment” of the situation. At the Unified Commanders’ Conference that saw participation of...
Diageo starts talks to buy into Vijay Mallya-owned United Spirits
MUMBAI: Diageo, the world’s largest spirits company by value, has mandated investment banking firm JM Financial to negotiate a deal that could result in it owning a minority stake in Vijay Mallya-owned United Spirits. Negotiations are underway to structure a deal that would arm Mallya with enough cash to...
RBI clears Axis-Enam deal, integration likely in 3rd quarter
Mumbai: Axis Bank’s proposed acquisition of Enam Securities’ businesses has received the final approval from the Reserve Bank of India (RBI). The bank now aims to integrate these operations by the end of the third quarter of this financial year. Initially, Axis will use the Enam brand. A re-branding...
Lopsided: Power Firms Say No To FSA With CIL
KOLKATA | DELHI: Power producers, including the country’s largest player NTPC, have refused to sign the new fuel supply agreement with Coal India, saying the proposed contract is biased and absolves the state-run company of all obligations. The companies have accused Coal India of frittering away the opportunity provided...
Fresh Mining Leases Only After Apex Court Resolves All Matters
BANGALORE: Uncertain times await investors planning to start iron-ore mining in Karnataka, as the state government has made it clear that fresh leases will be given only after the Supreme Court clears all legal cases concerning the sector. The state’s controversy-ridden industry has come under the purview of the...
Corporate Debt Recast In FY12 Balloons 500%, Signalling Balance Sheet Strains
Mumbai: In an indication of stress on corporate balance sheets, the quantum of loans approved for recast by the corporate debt restructuring (CDR) cell rose nearly 35% to R1,50,225 crore by end of March, 2012, over the previous year. The actual amount of debt restructured during 2011-12 was R39,311...
CIL To Finalise 8 Fuel Pacts By April 24: CMD
KOLKATA: Coal India Ltd (CIL), the world’s largest coal producer, would finalise at least eight fuel supply agreements (FSAs) by Tuesday, said its new chairman and managing director, S Narsing Rao. However, sources said the country’s largest power producer, NTPC, was yet to sign new FSA with the city-based...
Breather For Telecom Companies As SC Okays Auction By August 31
NEW DELHI: Delivering a breather for telecom operators and brickbats for the government, the Supreme Court on Tuesday extended its earlier deadline of June 2 to conduct 2G spectrum auctions by three months while rejecting the government’s request for 400 days. Auctions will now be conducted by August 31...
Riding Piggyback On Regional Parties Won’t Do
From P. Sreekumaran THIRUVANANTHAPURAM: Change is the only constant in life. The Communist Party of India (Marxist) has realized this albeit a bit late in the day. It is a welcome realization of this basic fact of life that has induced the CPI(M) to evolve an Indian model of...
Child Labour Problem Has Many Dimensions
By Narendra Sharma NEW DELHI: The problem of Child Labour in India is neither easy to comprehend nor easy of solution. Poverty compels families to yoke also their children to work. Employers misuse children without any fear or hesitation and poverty of law even encourages them to do so....
Sensex, Nifty rise as TCS lifts sentiments in IT stocks
The BSE Sensex traded near the day’s high in the post noon session. At 12.32 pm, it traded 104 points or 0.6% higher at 17,200 while the broader Nifty index advanced 23 points to 5,223. The IT index on the BSE soared 4.5%, entirely on account of the outperformance...
Presidential polls: Congress looks to build consensus
New Delhi: The countdown to the President poll has begun with the Congress facing testing times and struggling to get the numbers in the Rajya Sabha. While the Samajwadi Party is pitching for Dr APJ Abdul Kalam, the NCP wants an apolitical candidate. A worried Congress has now said...
Budget Session to resume today, key bills in waiting
New Delhi: Some firework in expected in Parliament by the Bharatiya Janata Party (BJP) on the CD row on Monday as the House reconvenes for the second part of the Budget session. The government is planning to bring in three key finance sector reforms – the Pension Regulatory Bill,...
Pakistan to launch long-range missile, informs India
New Delhi: Just days after India successfully test fired its first Inter Continental Ballistic Missile (ICBM), Agni-V, Pakistan has said that it plans to conduct a long-range missile test. The neighbour has informed India that it plans to conduct a long-range missile test in the Indian Ocean over the...
Diesel prices will be decontrolled: Government tells Rajya Sabha
New Delhi: In a politically and economically crucial and bold decision the government on Tuesday informed Parliament that it was willing to decontrol diesel prices. The government in a written reply told the Rajya Sabha that the decision to decontrol diesel prices has been taken in principle. However, the...
