MENU 
It is not common for the government to issue a Presidential order, forcing Coal India to sign fuel pacts with power producers. Now, the board of directors of CIL has created a chapter in the history of corporate governance in government-owned companies in India. It has effectively ensured that...
MUMBAI: With the initial heat and dust around Coal India Ltd’s (CIL) fuel supply agreements (FSAs) having settled, experts are now saying these are unlikely to improve the situation dramatically. For starters, there is no clarity on how much of the 80 per cent coal supply guaranteed would be...
NEW DELHI: The tension sharpened at the launch area at Wheeler Island on the Odisha coast this morning as the massive, 50-tonne, 17.5-metre-high Agni-5 missile was elevated into the vertical launch position, and the pre-launch checks began. The previous evening, exactly at this stage, lightning and thunder in the...
Marine-defense giant Atlas Elektronik is looking at new ways to target the booming Indian defense market. Atlas Elektronik is now focused on winning the torpedo upgradation program for the Indian Navy which has been using the German-made SUTs torpedoes (Surface and Underwater Torpedo). Designed to counter the threat of...
Minister of State for Defence MM Pallam Raju on Thursday welcomed Pakistan Army Chief General Ashfaq Parvez Kayani’s call for both nations to demilitarise the world’s highest battlefield at the Siachen glacier on their international border. Demilitarisation of Siachen will save millions of valuable dollars and the money can...
In the early morning of April 19, Agni V,India’s new big boy, stood tall on the launch pad on Wheeler Island off the Odisha coast. The sun peeped out dispelling the overnight clouds and exposing an azure sky. The missile was glistening white, interspaced with black, red and orange...
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...