11844 stories by IPA Staff
Ambajhari Ordnance Factory To Produce 5,000 Pinaka Rockets
MUMBAI/NAGPUR: The Ordnance Factory Ambajhari near here is all set to enhance its manufacturing capacity of Pinaka rockets from the present 1,000 rockets to 5,000 every year. “Pinaka rocket is one of the major projects (of the OFAJ). The multiple rocket launcher has successfully been indigenised and production of...
Bharat Dynamics In Expansion Mode
CHENNAI/HYDERABAD: Hyderabad-based public sector undertaking Bharat Dynamics Limited (BDL) is ready with proposals worth Rs 34,000 crore during the 12th Five-Year Plan and 13th Five-Year Plan. These will result in the development of the areas as well as provide employment to the people, according to Union minister of state...
Bangladesh Seeks Enhanced Defence Cooperation With India
Bangladesh today sought enhanced defence cooperation with India, including boosting training facilities for its air wing as Indian Air Force Chief Air Marshal NAK Browne called on the country’s top political leadership and military brass here. The IAF Chief arrived here yesterday on a four-day official visit to Bangladesh...
Radiola Aerospace Lands Plumb Indian Contract
Porirua based Radiola Aerospace Limited has landed a four year contract to undertake flight inspections of new navigation aids at 30 military airfields throughout India. The contract, awarded by the TATA Power Company of India through its Strategic Electronics Division (TATA Power SED), is a real coup says Radiola...
Field Trials Of Upgraded Bofors Gun In January 2013
Kolkata: An upgraded version of the 155mm Bofors gun, the Indian Army’s most potent artillery weapon, will be ready for field trials in January 2013, a top official of the Ordnance Factory Board (OFB) said on Tuesday. “We are working on this upgraded version. This has been tried out...
Preparations For Agni-V Launch Hit Last Lap
BANGALORE:India’s longest-ever near-Inter-Continental Ballistic Missile (ICBM) Agni-V is scheduled to be test-fired from the Wheeler Island (Orissa) in the second week of April. The final stages and payload of the missile are set to move out of the Missile Complex in Hyderabad any time now. Sources tell Express that...
Army Wet Blanket Over PC’s IPS Plan
NEW DELHI: The army’s integrated headquarters has upstaged an initiative cleared by Prime Minister Manmohan Singh to let major and captain-ranked officers appear for a special examination and join the Indian Police Service (IPS). An internal communication accessed by HT revealed that the Army has debarred most officers...
In Stitching A Complex Oil-For-Food Deal, India Sets About Placating Iran
NEW DELHI: India is finally plunging into the oil politics of the Gulf and West Asia. It sent a team of senior officials from the commerce ministry to Iran around a fortnight earlier, to clinch an oil-for-food deal. And, is beginning to woo the Sunni oil kingdoms in the...
India Asks Iran To Bear Oil Insurance Risk Amid Sanctions
NEW DELHI/SINGAPORE: Indian oil buyers are asking Iran to bear the insurance risk for transporting its crude as tighter Western sanctions make it more difficult to buy Tehran’s principal export, industry sources said on Wednesday. The number of maritime firms willing to transport Iranian crude has dwindled significantly since...
Petroproducts Trade Talks With Pakistan On Friday
NEW DELHI: Seeking to expand the area of cooperation and take the economic engagement to a new level, the Petroleum Secretaries of India and Pakistan are scheduled to hold bilateral talks in New Delhi on March 23. A high-level delegation, led by Pakistan’s Petroleum and Natural Resources Secretary Mohammad...
Swapping Of Domestic Gas With Imported LNG Okayed
NEW DELHI: The government has granted industrial units the freedom to use domestic natural gas in their plant if they can replace it with LNG at another location, in a bid to help fuel-starved units which do not have the infrastructure to ship imported gas from the west coast...
Fuel Pump Owners Demand Removal Of Octroi On Diesel, Petrol
CHANDIGARH: Punjab fuel outlet owners on Tuesday asked the newly formed SAD-BJP government to honour its “promise” by abolishing octroi on petrol and diesel which was announced before the Assembly elections. “We want now from the Punjab government to fulfill its promise which was announced before the elections by...
Investment Flat For Star PSUs, Too
NEW DELHI: At a time when the government is hard pressed to push economic growth, investment growth by its leading listed companies will be flat in 2012-13, as against a 35 per cent increase in the current year. Analysis of combined investment outlay by six sector leaders — Oil...
ONGC To Invest Rs 200 Crore For Exploration Projects In Bihar
KISHANGANJ: The Oil and Natural Gas Corporation (ONGC) will invest Rs 200 crore in two projects of oil and gas exploration in Bihar’s Kishanganj district over the next three years. This was announced by ONGC’s Chief Engineer and Land Acquisition Officer D P Vishwas here today. The company was...
RIL Demand For Gas Price Hike Draws Flak
NEW DELHI: Opposing the demand of Reliance Industries Limited (RIL) for an upward revision of KG-D6 gas price, the Association of Power Producers (APP) has warned that such a move would only push up electricity price by 50 paise per unit for every dollar increase in gas price. In...
High Crude Price Could Cut Airlines’ Profit By $500 M: IATA
MUMBAI: The International Air Transport Association (Iata), an association of airlines and travel agents, said on Tuesday that rise in crude will cut down airlines’ profit by $500 million in calendar 2012 to $3 billion. Profit margins also will dip to 0.5% from 0.6% reported last year. “The downgrade...
Oil Slips Below $124 On Supply Assurance
Saudi Arabia Says It Will Take Oil Prices To Fair Levels LONDON: Brent crude fell more than $2 to around $123 a barrel on on Tuesday as Kuwait said Iran had reassured the Gulf state it would not close the strategically important Strait of Hormuz shipping lane and...
Mobius Bets On Further Oil Price Increases
SINGAPORE: Franklin Templeton funds that focus on developing economies are heavily invested in energy stocks, as the firm believes oil prices have room to increase further, the head of its emerging markets group, Mark Mobius, said on Tuesday. “If you look at inflation and the oil price over the...
