BATHINDA: The troops of the Bathinda-based Chetak Corps along with a contingent of US troops today conducted a joint cordon and drill here to neutralise terrorists in an abandoned village in the desert ranges. The drill, codenamed “Desert Lark”, saw the Indian and US troops establish a cordon using...
CHENNAI: A wholly Indian-built spy/surveillance satellite – Radar Imaging Satellite (Risat-1) – that can see through clouds and fog and has very high- resolution imaging is slated for launch in April, a senior official of the Indian space agency has said. An official of the Indian Space Research Organisation...
India is looking for export markets for it’s combat vessels and defence undertaking Goa Shipyard is offering it’s smaller size naval vessels to countries in Africa and the Middle East. A Nigerian delegation headed by a senior Navy officer of that country had visited the shipyard last week in...
The prospect of the next edition of the Sino-Indian joint military exercises is unlikely to take place this year as well.India and China have so far held two rounds of joint military exercises in 2007 and 2008. But in the three succeeding years after that, there were no joint...
The partner nations of the Eurofighter consortium ‘stand ready’ to enter into further discussions with India regarding it’s selection of Dassault’s Rafale over the Eurofighter Typhoon, according to UK Defence Minister Gerald Howarth. IHS Jane’s understands that a revised Typhoon bid has been submitted to India for its Medium...
HYDERABAD: Eurocopter, the global leader in helicopters, will focus on new markets in India in the emergency medical services, utility, law enforcement and search and rescue areas while maintaining its leadership position in the passenger, private, oil and gas and VIP markets, the company says. Eurocopter India, a subsidiary...
NEW DELHI: The Department of Telecommunications (DoT) plans to include 110 MHz of spectrum be vacated by the defence forces in the auction of 2G spectrum. This will take the 2G spectrum to be auctioned to about 750 MHz. The proposal for vacation of spectrum was put forward by...
CHENNAI/HYDERABAD: Eurocopter, a part of Airbus manufacturer and aerospace giant EADS, is aiming to achieve the number one position in the civil and parapublic helicopter market in India by 2015. The company, which entered the Indian market in October 2010, currently ranks number two in terms of market share...
NEW DELHI: International Coal Ventures Ltd (ICVL) today said it is now in the final stages of acquiring a coking coal mine in Australia’s Bowen Basin. “ICVL is nearing its first acquisition for a prime hard coking coal mine in the heart of Bowen Basin in Australia,” ICVL Chairman...
NEW DELHI: Railway minister Dinesh Trivedi on Wednesday presentaedhis maiden Railway Budget in Parliament and said the budget was aimed at the common man. Towards the end of his Rail Budget speech, Trivedi announced that train fares would be increased across all classes, but the hike would be...
NEW DELHI: Coal India Ltd (CIL), which meets over half ofIndia’s energy requirements, could raise the commodity’s prices next quarter. The move is aimed at offsetting the financial impact of the 25 per cent wage rise announced for its mammoth workforce in January. The news saw the company’s shares...
NEW DELHI: India’s draft Bill on coal regulator is ready and will be presented to the cabinet soon, coal secretary Alok Perti said on Tuesday. “A coal regulator is important. It will certainly add to improving the situation,” said Perti, as the country struggles to produce enough of the...
AHMEDABAD: State utilities have asked Tata Power to legally contest the Indonesian government’s decree that has raised the cost of coal for its Rs 17,000-crore Mundra project, instead of trying to raise the tariff the company had bid to win the project. The utilities’ resistance to any increase in...
NEW DELHI: Cairn India has agreed to double the compensation to the farmers and landowners resisting construction of its pipeline project in Rajasthan and Gujarat. The proposed pipeline will connect its Rajasthan oilfield to the crude oil shipping facility at Bhogat in coastal Gujarat. The company now produces one...
MUMBAI/AHMEDABAD: Essar Group-owned Essar Oil Ltd has commissioned a diesel hydrotreater unit-I (DHDT-I) at its Vadinar refinery in Gujarat, a company statement informed on Tuesday. The unit would ensure that the diesel produced at the refinery will be capable of meeting Euro V specifications. The company informed that the...
NEW DELHI: The management committee of Reliance-operated D6 block, which is headed by the director general of hydrocarbons, has so far granted approval for the company to recover only $3.99 billion of its cost from sale of oil and gas out of its claim of $9.47 billion, oil minister...
MUMBAI: Oil and Natural Gas Corporation (ONGC) may have to pay higher premiums when its insurance policy comes for renewal on May 11. Last week, ONGC, which holds the country’s biggest insurance policy, had floated a tender to the underwriters to primarily cover its offshore assets worth $33.7 billion....
NEW DELHI: Government-owned oil marketing companies (OMCs) may witness a 52% jump in losses on account of selling fuel below cost at state-mandated prices to Rs.2 trillion in the next financial year, said R.S. Butola, chairman, Indian Oil Corp. Ltd (IOC), the nation’s largest fuel retailer. Such an increase...