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NEW DELHI: CIL board is likely to meet tomorrow to consider the model agreement with power producers for assured supply of the fuel in the wake of the Presidential directive for signing fuel supply pacts. The government issued a Presidential directive on April 3 to CIL to commit a...
NEW DELHI: Coal India is expected to enter into fuel supply agreements (FSAs) with as many as 50 firms, including NTPC, Reliance Power and DVC, for a total capacity of 28,000 MW, sources said. The proposed move follows issuance of a Presidential directive to Coal India (CIL) for supplying...
NEW DELHI: UK-based hedge fund TCI has said it would initiate a legal action against state-run Coal India (CIL) within a week for failing to protect the interest of minority shareholders. “We will file a law suit against CIL board within a week or so…,” Oscar Veldhuijzen, a partner...
NEW DELHI: As New Delhi looks to translate its relationship with the US into badly needed high technology, the government is readying for meetings tomorrow with America’s key gatekeeper of military technology, the visiting assistant secretary of state for political military affairs, Andrew Shapiro. High on New Delhi’s technology...
BANGALORE: Even as the IAF Training Command is hit by shortage of trainer aircraft, the government is yet to procure more trainer jets. The IAF which is left with the aeging Kiran fleet which is also dwindling in numbers has been forced to revamp its training syllabus. “The syllabus...
India has decided to fast track purchase of air defence guns for its forces and has called for information from global firms in this regard. Exactly a month after army chief Gen. V.K. Singh highlighted gaps in the country’s defence preparedness in a letter to Prime Minister Manmohan Singh,...
Ultra Electronics, TCS, based in Montreal,Canada, has been awarded an order for Electronic Warfare equipment totalling $3.4 million. Ultra Electronics, TCS, based in Montreal,Canada, has been awarded an order for Electronic Warfare equipment totalling $3.4 million. The system will be delivered to the Defence Avionics Research Establishment (DARE) in...
Moves are on to bring the Ministry of Defence under a national offsets authority that the government plans to make an umbrella body for procurement by all its departments. While talks of having a national offsets policy has been on the cards for the past several years, the Ministry...
In the remote Wheeler Island off the Odisha coast, the countdown has begun for the first test of India’s most sophisticated and powerful ballistic missile ever built, Agni V. If all goes well, the Defence Research and Development Organisation (DRDO) which built the missile, is expected to launch Agni...
The parliamentary panel on defence has summoned the three service chiefs to get a status report on the preparedness of the country for a battle. All three defence chiefs will depose before the committee on the April 20. The appearance of three service chiefs before the parliamentary panel comes...
By Anjan Roy Going by the Indian calendar system, we are currently entering a new year. On the other hand, we are emerging from the umbra of the last fiscal, ending with the delayed presentation of the budget. In these twilight zones, one tends to ruminate: How was the...
After a two-decade stint with PfizerIndia, Kewal Handa, managing director, is hanging up his boots in August. A management accountant and company secretary by qualification, Handa, who joined as a controller of information systems at PfizerIndia, rose through the ranks and has been MD since 2005. He has steered...
NEW DELHI: Facing criticism for its inability to meet the growing demand for coal, the government is working on a proposal under which Coal India Ltd (CIL) would engage private sector companies to undertake mining on behalf of the public sector undertaking (PSU). The proposal to involve the private...
NEW DELHI:New Delhi has demanded that the European Union lift restrictions on flow of sophisticated outsourcing business to India by designating it as a data secure country. India is among the countries not considered data secure by the EU. This prevents flow of sensitive data, such as patient information...
NEW DELHI: World Bank has informally told India that its rapidly-growing economy may soon make it ineligible for soft loans, prompting the government to lobby for concessional lending for a few more years. India stands to lose over $2 billion in low-interest funds for many of its welfare schemes,...
MUMBAI: The Ajay Piramal Group is set to buy a European drug firm that will expand the group’s ability to conduct basic pharmaceutical research, a weakness that has long hobbled Indian pharma companies. The firm, whose identity is not known, will help the Piramal Group do basic research in...
MUMBAI: Reserve Bank Governor Duvvuri Subbarao faces perhaps his biggest challenge when he sets this fiscal year’s monetary policy on Tuesday. While there are enough reasons for him to keep interest rates where they are, a growing clamour for rate cuts from industry and finance ministry officials may force...
From P. Sreekumaran THIRUVANANTHAPURAM: The Kerala unit of the Communist Party of India(CPI) will continue to follow the Chandrappan Line ably and assertively laid down by former state secretary late C K Chandrappan. Fears on this count were allayed by the newly appointed state CPI secretary Panniyan Ravindran who...