11844 stories by IPA Staff
Higher Defence FDI Cap On Agenda
The government is once again exploring the possibility of raising the cap on foreign direct investment in defence to 49% from 26%, in the face of hectic lobbying by Indian and foreign companies. According to top officials, while orders are increasing in size, foreign contractors are finding it difficult...
DRDO Gears Up For Modern Warfare
NEW DELHI: From the first test of Agni-V in a fortnight, an operational submarine-launched ballistic missile (SLBM) by 2013 and a missile shield for Delhi by 2014 to combat drones, quick-launch micro satellites and Star Wars-like laser weapons in the coming years, DRDO promises to deliver on all fronts....
HAL's Sales For 2011-12 Cross Rs 14,000 Crore
BANGALORE: Hindustan Aeronautics Limited clocked Rs 14,001 crore sales during 2011-12, an increase of 6.74 per cent over the previous year, according to provisional financial performance for the fiscal. Profit before tax for the year is Rs 3,200 crore, the Bangalore-headquartered Navratna defence public sector unit said in a...
BrahMos Considers All-New ASHMFor MiG-29K & MMRCA
BrahMos Corp. is looking to develop a new anti-ship missile with a smaller diameter and lighter weight than the present BrahMos supersonic cruise missile. The proposal, tentatively called BrahMos-3, is aimed at putting together a potent anti-ship/anti-surface missile for the Indian Navy’s MiG-29K and IAF MMRCA. Revealing plans for...
DRDO Says Tatra Trucks Are Outstanding
Contradicting Army chief Gen V. K. Singh,India’s scientific advisor V. K. Saraswat, who is heading the DRDO has given full marks to the Tatra trucks. Mr. Saraswat claimed the trucks were outstanding and there was nothing substandard about the vehicles which are used as a base for launching missiles...
ISRO Looking At Lucky April 20 For India's 1st Radar Imaging Satellite Launch
BANGALORE: After its launch was put off apparently due to ISRO row,India’s indigenously designed and developed all-weather satellite that has the unique capability of imaging during day and night may be launched on April 20, a “lucky” day for the space agency. As preparations were underway for the blast-off...
Tatra Truck Deal: Antony Faces Jail For Neglect Of Duty?
NEW DELHI: The belated registration of a CBI case related to Tatra indicates Antony violated a legal duty when the bribery allegations had first been brought to his notice in writing by his party colleague Ghulam Nabi Azad in 2009 and then verbally by Army chief Gen V K...
Gas Price Meeting: Govt Seeks To Correct Discrepancy
NEW DELHI: Even as the government hardens its stand against Reliance Industries Ltd (RIL) over allocation of costs and sharing of profit from the D6 fields of the Krishna-Godavari (KG) basin that the company operates, the petroleum ministry has sought to correct an error in the minutes of a...
Indian Envoy In South Sudan On Oil Mission
NEW DELHI: Responding to the ongoing conflict between Sudan and South Sudan, India has appointed a special envoy to broker peace between the two countries that hold the key to India’s pursuit of oil and other hydrocarbon resources in Africa. The foreign ministry’s decision to send a special envoy...
ONGC To Decide On Stake Sale In Cbm Blocks By Month-End
MUMBAI: State-run Oil and Natural Gas Corporation (ONGC) is to shortly sell stake in its four coal-bed methane (CBM) blocks to companies which have bid for this. “We are evaluating the bids we have received. We could give out up to 30 per cent stake and look at joint...
Share Auction Data Show Active Participation By Retail Investors
NEW DELHI: Contrary to the belief that the auction of shares by companies is not meant for retail investors, the final participation details of the ONGC auction on March 1 has thrown up interesting data that indicates active participation by this segment. In fact, the highest bid for 30...
IOC, Nagarjuna Miss Tax Holiday Cut-Off
NEW DELHI: The last week of March saw a series of new refining capacity going on stream. HPCL-Mittal Energy, Essar Oil and Mangalore Refinery & Petrochemicals (MRPL) were able to announce completion of capacity additions a couple of days before the seven-year tax holiday in this regard came to...
Oil Companies Likely To Lose Rs 2 Lakh Crore In Fuel Sales This Fiscal
NEW DELHI: State-owned oil companies are projected to lose Rs 208,000 crore on selling auto and cooking fuel at government controlled rates in 2012-13 as losses on diesel sales touched a record Rs 16.16 per litre. Indian Oil, Hindustan Petroleum and Bharat Petroleum are lose close to Rs 670...
Adani Gas Revises CNG Prices By 10%
MUMBAI/AHMEDABAD: Passing on the excise duty hike to consumers, Adani Gas Ltd. on Saturday announced a price revision in CNG by 10 per cent from April 1, 2012. As against Rs 45.50 per kg which it was charging since November 16, 2011, the company has revised CNG prices to...
Oil Higher In Asia On Chinese Demand Hopes
SINGAPORE: Oil was higher in Asian trade today after figures showing a rise in manufacturing activity in China, the world’s largest energy user, analysts said. New York’s main contract, West Texas Intermediate crude for delivery in May, gained 33 cents to $103.35 per barrel while Brent North Sea crude...
Petrol Price: Emerging Asia Struggles To Cut Soaring Fuel Subsidies
JAKARTA: Weeks of protests across Indonesia have thwarted a government plan for an immediate fuel price hike, the latest failure of an Asian administration to wean its country off costly subsidies. Emerging nations in Asia such as Indonesia and Malaysia have struggled to keep fuel prices low as they...
Oil Groups Agree On Alaska Gas Project
NEW YORK: ExxonMobil, BP and ConocoPhillips have reached agreement with the state of Alaska to take a significant step forward on a $40bn-plus project to export liquefied natural gas to Asia, resolving a long-running lease dispute that had been holding up progress. In a joint letter, the chief executives...
CEA Moots Mega-Project Status For Coal Sector
MUMBAI: Amid an ongoing controversy over the Comptroller and Auditor General’s draft report on coal allocation, the Central Electricity Authority (CEA) has strongly recommended giving the coal sector “infrastructure status” with tax holiday and duty exemptions. Alternatively, the CEA has, in the draft National Electricity Plan for the 12th...
