11844 stories by IPA Staff
India Replaces China As Iran's Top Oil Client
GENEVA: India has vaulted to the top of the list of Iran’s oil customers, overtaking China, in a first quarter buying surge ahead of tighter sanctions against Tehran this summer, data published by a leading industry consultant showed. Direct imports to India from Iran were 433,000 barrels per day...
Dassault Rafale’s Victory In India Flight To Future
Keeping the high costs of hardware upgrade in mind, India’s Rafale negotiators will be well-advised to seek firm contractual assurances. They will also keep in mind that the order is a life-or-death situation for Rafale and leverage that advantage to extract maximum benefits from the French firm. Dassault Aviation...
Govt. To Fast Track Ammo Purchases
After the Army chief General V. K. Singh warned to the central govt. that his entire tank fleet is devoid of critical ammunition to defeat enemy tanks, the government is fast-tracking orders to arm the T-90S main-battle tanks with missiles and specialized ammunition to outclass Pakistan on the western...
Indian Navy Commissions Its Third Unmanned Aerial Vehicle Squadron
CHENNAI: Indian Navy today commissioned its third Unmanned Aerial Vehicle (UAV) squadron in Ramanathapuram district of Tamil Nadu, a move that would enhance the coastal security along the East Coast. Vice Admiral Anil Chopra, Flag Officer Commanding in Chief, Eastern Naval Command, commissioned the INAS 344, known as ‘Spirited...
Three Agni Missiles To Be Tested Soon
Preparations are on in full swing at the Wheelers Island off the Odisha coast for a series of tests of the three variants of the Agni Missiles. This will include testing India’s longest range ballistic missile Agni-5 which is termed as an ICBM Missile. Prior to the first development...
Army Public School To Debut At Nda
NEW DELHI: The erstwhile NDA English School has been upgraded to an ARMY Public School, while Tiny Tots School has also been upgraded to NDA Army Pre-Primary School. Both the schools will function under the aegis of the Army Welfare Education Society (AWES), which is at present running 123...
Army's SW Command To Move Closer To Jaipur
JAIPUR: In a major strategic decision the Indian Army has decided to shift its 42 Artillery Division of the Jaipur-based South Western (SW) Command to Bassi, 25 km from the Rajasthan capital. The new location is much closer to Jaipur as compared to its present location in Alwar, about...
Army Chief's Post Acquires New Gloss
All that has happened since the eruption of the controversy over the age of the Chief of Army Staff, General V. K. Singh, has had one unintended effect: It has been public education on a massive scale on the delicate nature of the relations in a democracy between the...
Defence Minister Tells Psus To Pull Up Their Socks
NEW DELHI: Defence Minister AK Antony today issued a stern warning to defence public sector undertakings (DPSUs) asking them to maintain transparency in their dealings with the armed forces. Antony said he wanted DPSUs to speed up work and set benchmarks of standard and quality for private sector companies....
India Will Not Leave Siachen
The horrifying tragedy of Pakistani soldiers who got buried under an avalanche in Siachen is very much unlikely to affect India’s decision to station a permanent military base there. New Delhi is still considering to try and check if there is any room for flexibility on the matter. It...
Japan's Mitsui Sumitomo Insurance Company To Buy 26% Stake In Max New York Life
NEW DELHI: Japan’s Mitsui Sumitomo Insurance Company agreed to buy out New York Life’s 26% stake in its life insurance joint venture with Max India, valuing the insurer at about Rs 10,000 crore, nearly double the market cap of the listed holding company. The 2,731-crore, two-leg, all-cash deal values...
IDBI Plans To Increase MTN Programme To $2.5 Billion
MUMBAI: PSU lender IDBI Bank expects to increase the size of its medium-term notes (MTN) programme from the current $1.5 billion to $2.5 billion by January next year, a senior executive said on Thursday. Melwyn Rego, executive director at IDBI Bank, said that the bank has already raised $720...
Bankers Favour Repo Rate Cut To Boost Economy
MUMBAI: Even if the Reserve Bank of India reduces the repo rate in order to provide the much needed relief to turnaround the economy, the bankers might not pass on the benefits to the customers soon after. Some bankers refrained, and said status quo is likely too. “The economic...
Slowdown In China May Work To India’s Advantage
Any signs of a hard landing in China may lead to a growth scare, says Andrew Holland, CEO, Investment Advisory, Ambit Capital. In an interview with Fe’s Devangi Gandhi, he says such a scenario, however, may turn India into an interesting market for foreign investors as it would gain...
Sunset Clause In GAAR To Help Mauritius FIIs Trim Positions
NEW DELHI: Facing united opposition from foreign investors to the proposed general anti-avoidance rules (GAAR), the finance ministry has decided to revisit the changes made in Budget 2012-13. A key option is to extend the period of introduction of the new tax regime, so that foreign institutional investors (FIIs)...
RBI May Cut Policy Rate By 25 Basis Points, Feels Market
MUMBAI: There is an expectation among many that the Reserve Bank of India (RBI) would cut the repo rate (at which it lends to banks) by 25 basis points in its annual policy review meeting scheduled on Tuesday, to boost growth in the economy. After increasing the policy rate...
Bribes Dominate Global Arms Bazar
By Nantoo Banerjee Defence Minister A K Antony has every reason to be angry with the agents of foreign arms manufacturers, especially after the recent admission of hundreds of millions of dollars in bribes paid to countries across the globe, including the USA, by the UK’s BAE Systems alone,...
BRICS Bank Not An Easy Option
By Anjan Roy The BRICS summit in New Delhi may be said to have set a milestone in its ambition. It has called for setting up a south-south development bank; it called for making the BRICS nations currencies more effective mediums of exchange for international trade; and, the group...
