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NEW DELHI: With the prices sliding of Certified Emission Reduction (CER) certificates traded on the international exchange, Indian companies holding the credits are bracing for tough times. Brokers trading in CERs have started to downsize their carbon desk and the ones holding these are looking for buyers. “The demand...
NEW DELHI: The Attorney General’s legal opinion on the diversion of excess Sasan coal has flown in the face of the power ministry which contends that Reliance Power may be asked to hand over surplus coal to a Coal India (CIL) subsidiary at a price to be determined by...
MUMBAI: South Korean steel major Posco has sounded out unlisted Essar Steel for an alliance to build the planned $12 billion (12 million tonnes) steel plant in Orissa, which has run into repeated hurdles since the world’s fifth largest steel maker signed the construction agreement with the state government...
After the successful launch of the Agni V Missile, India is now developing an Anti-Radar Missile (ARM). This will significantly boost the country’s strike capabilities by destroying the enemy’s Advance Warning Systems. ARM Missiles are one of the most advance missiles in the world and only the US has...
New Delhi — The US pavilion at Def Expo 2012 stood out primarily for two reasons. One, for its largest industry delegation comprising America’s premier aerospace and defence companies; and two, the expansive displays showcasing their cutting-edge technology in support of land, sea and internal security operations. Inaugurating the...
The indigenously developed Light Combat Aircraft (LCA) ‘Tejas’ will be inducted into the Indian Air Force this year, the DRDO chief, Dr V.K. Saraswat, has said. Tejas has completed almost 1,855 flying hours (flight tests), and all problems it encountered during the initial operational clearance have been solved. It...
The Indian Air Force has expressed to achieve the target of 42 aircraft squadron over the next five-year plan as against the current inventory of 34. While delivering a speech at L M Katre Memorial Lecture here on Saturday, Chief of Air Staff Air Chief Marshal NAK Browne said:...
HYDERABAD: Imagine an Agni-V that can be fired from your neighbourhood! The armed forces will soon have an inter-continental ballistic missile ( ICMB) that can be fired from anywhere. No, it is not necessary to do it from the Wheeler Island off the Orissa coast. The long-range 5,000-km missile...
Mumbai: Aditya Birla Nuvo (ABNL), part of the $35-billion Aditya Birla group, said on Monday it would purchase a majority stake in Future Group’s Pantaloons Format, which houses the apparel and fashion businesses of Pantaloon Retail, for for R800 crore. The move will allow Aditya Birla group company Madura...
NEW DELHI: India and Japan broke all records today with an extraordinary interaction between their two establishments consisting of four dialogues across the economic and political spectrum, for which as many as seven Japanese ministers had flown in from Tokyo to meet their Indian counterparts. Japan’s Foreign Minister Koichiro...
NEW DELHI:India’s key infrastructure industries grew at a sluggish pace in March, weighed down by a contraction in output of natural gas and crude oil, suggesting that broader industrial growth may remain muted. Output at eight core industries-coal, crude oil, natural gas, refinery products, fertilizer, steel, cement and electricity-grew...
In a large and raucous democracy like ours, sometimes it becomes hard to execute progressive policies and offer investors an India which is an attractive investment destination, says Tarun Kataria, chief executive officer – India, Religare Capital Markets. But he is sanguine that issues like GAAR in itself will...
NEW DELHI: Offering a glimmer of hope to telecom operators, the sector’s highest decision-making body has refused to endorse regulator Trai’s controversial proposals that included a 13-fold increase in the base price for spectrum auctions. The Telecom Commission on Monday said it will soon seek clarity from Trai on...
MUMBAI: Moody’s Investors Services on Thursday said it was reviewing ratings for ICICI Bank, Axis Bank and HDFC Bank for a possible downgrade, following a change in its rating methodology. The agency, clarified however, that the debt and deposit ratings for these private sector lenders remained unaffected. In another...
By S. Sethuraman The AIADMK supremo, Ms. Jayalalithaa, building on the massive mandate she secured in the May 2011 elections, has put Tamil Nadu back on its growth trajectory to reclaim its place in the top league of states, with a slew of fiscal balancing measures, fulfilling her poll...
By Praful Bidwai Such is the strength of chauvinist hyper-nationalism in India and Pakistan that the launch of the Agni-V, officially called an Intercontinental Ballistic Missile (ICBM), followed by the Hatf-IV-Shaheen-1 A launch in Pakistan, was greeted with machismo, raucous celebration and sabre-rattling. Most Indian political parties lavished praise...
By B.K. Chum in Chandigarh The expected has happened. The optimism expressed in this column six weeks ago that Pakistan may shelve the Kashmir issue “temporarily” has been turned into a reality. The Pakistani establishment has now officially admitted having put the Kashmir issue on the backburner. Their focus...
From K. Raveendran in Dublin The buzzword in the IT world, if there was one, in the eighties was the hardware, with the likes of IBM dominating the scene entirely. In the next decade, the focus shifted to software as Microsoft relegated everything else to insignificance. Then came the...