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It’s been a tradition of the missile team to say a little prayer and even do a ‘puja’ before every major launch. So, soon after Agni V was readied for launch, a pundit was called to the pad itself to invoke God’s blessings. As he chanted the ‘mantras’, senior...
The Tribune Editor-in-Chief Raj Chengappa in conversation with Vijay Kumar Saraswat, DRDO chief, and Avinash Chander, DRDO’s chief controller, R&D (Missiles and Strategic Systems) at the Agni V launch What has Agni V demonstrated about India’s missile prowess? India is now a missile power. It means we are completely...
India should not overestimate its strength even if it has missiles that could reach most parts of China, the state-run Global Times of China said today, reacting sharply to the launch of Agni V missile by India. ”India should be clear that China’s nuclear power is stronger and more...
MUMBAI: Amid market speculation of rival groups looking to buy into Escorts Ltd, the promoters on Thursday bought 4.2 million shares in the company from Reliance Asset Management. Escorts Group promoters, the Nanda family, raised stake in Escorts Ltd to 31.67 per cent from 27.67 per cent. Notably, Escorts...
MUMBAI: There is some relief for borrowers, as large banks have started reducing their lending rates across the board after a gap of three years. Punjab National Bank, the second largest lender in the country, and ICICI Bank, the largest private sector lender, on Thursday reduced their base rate...
NEW DELHI: Bidders for upcoming ultra mega power plants in Odisha and Chattisgarh will have to pay a reserve price to the state government for coal mines that come bundled with the project, ending a long established policy regime in which the mines were allotted free. The coal ministry...
NEW DELHI: Loss-making Indian airlines should see better times in 2012-13 due to an improvement in pricing power after the gradual but substantial cancellation of flights by crisis-hit Kingfisher Airlines. However, they may not make profit in the fourth quarter of 2011-12, as high costs, especially of aviation turbine...
NEW DELHI: The finance ministry on Thursday said it would give foreign institutional investors (FIIs) time to convert their “impermissible arrangements” into “permissible” ones to escape the provisions of the proposed General Anti-Avoidance Rule (GAAR). Finance Secretary R S Gujral said, “FIIs had raised concern that if currently these...
NEW DELHI: A group of CEOs has told Prime Minister Manmohan Singh that retrospective changes in tax laws proposed in the Budget have seriously damaged the country’s credibility as an investment destination. The CEOs, led by Godrej Group chairman Adi Godrej, communicated industry captains’ concerns to Singh in a...
WASHINGTON: Major economic reforms in India would hit a roadblock and are unlikely to happen before the next parliamentary elections slated for 2014, chief economic adviser Kaushik Basu has said. Addressing a meeting at the Carnegie Endowment for International Peace on Wednesday, an eminent Washington-based thinktank, Basu said that...
From P. Sreekumaran THIRUVANANTHAPURAM: Well begun is half done. So goes the saying. By the same logic, badly begun is half undone. It is to the second category that two steps taken by the Communist Party of India (Marxist) at its recently-concluded 20th party congress in Kozhikode, Kerala belong....
From Pradeep Kapoor LUCKNOW: Congress high command is looking for a young and charismatic face to head state Congress Committee after poor performance of the party in recently concluded assembly polls. Now Congress is focusing on Mission 2014 for Lok Sabha polls. It would be worth mentioning here that...
By Nantoo Banerjee Who is this Noam Chomsky? What is his nationality? Why is he trying to protect an extremely shabby existence of a few hundred squatters on a public property, stalling the development of the Kolkata metropolitan region, the country’s most neglected and infrastructurally-handicapped megacity? Did Chomsky ever...
A newly-born child, who has six legs, rests on his grandmother’s lap at his family home in Sukkur in Pakistan’s Sindh province April 14, 2012. A baby born in Pakistan’s Sindh province has six legs, with a doctor assessing that the removal of the parasitic limbs could be a...
NEW DELHI: Persisting with its strategy to pre-emptively contest a likely government move to restrict the cost recovery at the KG-D6 offshore gas field, the Mukesh Ambani-run Reliance Industries (RIL) along with one of its consortium partners on Wednesday moved the Supreme Court, seeking direction to the government to...
NEW DELHI: In order to give more operational flexibility to Maharatna and Navratna companies, that will help them achieve their annual targets, the heavy industries ministry will soon come out with fresh guidelines. Also, it will provide a review and a peak mechanism for Maharatna and Navratna companies for...
NEW DELHI: The initial hype over India’s shale gas potential seems to be making way for a more sober assessment of the unconventional energy that could actually be extracted from rock formations. From an initial assessment of 300 trillion cubic feet (TCF) to 2,100 TCF of producible and non-producible...
The current fiscal will be challenging for the department of disinvestment. Despite the dismal show last year due to adverse market conditions and the failure to reach the target for divestment revenue, the department has lined up a slew of proposals for stake sales in public sector undertakings (PSUs)...