11844 stories by IPA Staff
Indian shares snap three-day rally; services PMI drops
MUMBAI(Reuters) – Indian shares fell for the first session in four as banks and real estate developers reversed recent gains after a services index dropped while input costs rose, sparking fears of a worrisome combination of slowing growth and high inflation. The caution also reflected weaker global stock markets...
Rahul Gandhi begins exercise to analyse UP poll outcome
New Delhi: With the Congress debacle in the Uttar Pradesh Assembly polls coming as a jolt, Rahul Gandhi today began the task of analysing the outcome to make the party battle-ready ahead of the Lok Sabha polls in 2014. Gandhi, who led the party in the crucial polls, held...
INS Chakra Inducted On A 10-Year Lease From Russia
VISAKHAPATNAM: The 8,140-tonne steel shark floated menacingly, tethered to the jetty, as if waiting to break free. Soon, it will, to prowl silently underwater for extended periods hunting for enemies to track and kill. The nuclear-powered attack submarine INS Chakra, with lethal “hunter-killer” and intelligence-gathering capabilities”, was formally inducted...
Thalest Buyout Will Boost Arms Making: L&T
MUMBAI: India largest engineering company by sales L&T said on Wednesday it purchased British naval ships equipment maker Thalest for an undisclosed sum, a move which will help the Indian company to develop equipments for both naval and marine ships. “Thalest and Servowatch will not only help in controlling...
N-Powered USS Carl Vinson Heads For Chennai
US Navy’s Nimitz-class aircraft carrier, USS Carl Vinson, the largest warship in the world, is heading towards Chennai for Exercise Malabar 2012. The nuclear-powered USS Carl Vinson (CVN-70), which the American military had used to dispose the body of Osama bin Laden at an undisclosed location in the Indian...
Insat-2E Completes 13 Years Of Successful Operation
After 13 years of operation, INSAT-2E, the last of the five satellites in the INSAT-2 series, has successfully completed its mission life. INSAT-2E was built with a planned mission life of 12 years and continued to function beyond that, the Indian Space Research Organisation (ISRO) said in a statement...
Govt Came Close To Action Against Army Chief
NEW DELHI: Weeks after the Prime Minister’s Office (PMO) detected a ‘breach of protocol’ in troop movement towards Delhi in January — ordered ostensibly to check Army preparedness in foggy conditions — and prohibited the group of soldiers from moving further, Chief of Army Staff Gen V K Singh...
CBI's Tatra Probe Began Before Army Chief's Bribery Allegation: Sources
NEW DELHI: The Central Bureau of Investigation (CBI) is learnt to have begun its probe into the alleged irregularities in the Tatra truck deal much before Army chief general V K Singh’s allegation that he was offered a Rs 14-crore bribe by a retired defence officer who represented the...
First Thing We Need Is A Strong Defence Minister
Former national security adviser (NSA) Brajesh Mishra spoke in an interview about the controversy surrounding India’s military preparedness and its broader strategic implications in the light of outgoing army chief General V.K. Singh calling most of India’s military hardware obsolete. Mishra was NSA in 1998-2004 during the National Democratic...
India Thanks Bangladesh For Honouring 1971 Heroes
New Delhi: India and thanked Dhaka for its decision to honour Indian nationals and groups for their role in the 1971 war that led to the birth of Bangladesh. External Affairs Minister S.M. Krishna has written to his Bangladeshi counterpart Dipu Moni, expressing the government’s sentiments. Krishna said the...
Parliamentary Panel Grills Defence Establishment On Battle-Readiness
NEW DELHI: The meeting of the standing committee on defence saw MPs cutting across party lines grilling the defence establishment on India’s state of battle-readiness. Army chief General VK Singh’s letter addressed to Prime Minister Manmohan Singh on the issue formed the basis of their interrogation. Quoting extensively from...
No Petrol Price Hike Till Subsidy Issues Tackled
NEW DELHI: In what could give a reprieve to consumers who have been fearing another hike in petrol price, the government has decided to put the proposal in abeyance. According to official sources, oil marketing companies (OMCs) that have pitched for a petrol price hike will have to wait...
India To Ask Qatar To Increase LNG Exports During Emir’s Visit
NEW DELHI: India will urge Qatar to increase exports of liquefied natural gas (LNG) by 3 million tonnes (mt) to 10.5 mt a year with immediate effect during the state visit to India next week by the Emir of Qatar, Sheikh Hamad bin Khalifa al-Thani, people close to the...
Oil India In Talks To Buy Stake In Chesapeake's Oklahoma Oil Assets
NEW DELHI: State-owned Oil India Ltd (OIL) is in talks to buy a stake in Chesapeake Energy Corp’s Mississippi Lime unconventional oil assets in Oklahoma. Chesapeake CEO Aubrey McClendon on February 14 made a presentation to OIL management on possible stake sale in its unconventional liquid rich carbonate play,...
Essar To Stop Fuel Oil Exports As Early As May
Essar Oil is likely to cease fuel oil exports as early as May after starting a new delayed coker unit (DCU) at its 375,000 barrels per day Vadinar refinery last week, industry sources said on Wednesday. “Essar will stop exporting fuel oil, but spot offers may still be made...
Diesel Consumption On The Rise; Demand May Surpass Supply, Fear Experts
MUMBAI:India’s diesel production will not be able to keep pace with the rapidly growing demand as the government’s pricing policy makes it cheaper than petrol – and even industrial fuels – and has triggered a tectonic shift in the automobile market with diesel cars selling more than their petrol...
Essar Oil In Talks With Banks To Repay Sales Tax Liability
NEW DELHI: Essar Oil is in talks with banks to repay sales tax worth crores of rupees to the Gujarat Government concerning its Vadinar refinery. The company faced a sales tax liability of Rs 6,300 crore after the Supreme Court set aside a Gujarat High Court order. Essar had...
Oil Slips Towards $124 On Federal Reserve Comments, Saudi Arabia Supply
LONDON/SINGAPORE: Oil prices dipped towards $124 a barrel on Wednesday on worries demand for crude could be curtailed after theUScentral bank dashed hopes of further economic stimulus and newsSaudi Arabiawould likely keep output high in the event of a stock release. Industry data showing a larger-than-expected rise in crude...
