IPA Special

Val Seeks Long-Term Coal Linkage From Orissa

BHUBANESWAR: Vedanta Aluminium Ltd (VAL), a unit of Anil Agarwal-led Vedanta Resources Plc, has sought the intervention of the Orissa government for securing long-term coal linkage for its captive power plant (CPP) at Jharsuguda. The aluminium major required the coal linkage for its unit-6 and unit-9 of 135 Mw...

Apr 9 · >

BIG Cinemas, Cinepolis in talks for alliance

MUMBAI: The Mexico-headquartered Cinepolis, the world’s fifth largest multiplex operator with over 2,500 screens, is in talks with the Anil Ambani-promoted BIG Cinemas for a strategic alliance. The alliance may entail buying a stake in some of BIG Cinemas’ screens. BIG Cinemas is the exhibition arm of Reliance MediaWorks (RMW),...

Apr 9 · >

Indian shares fall; banks hit by deposit worries

MUMBAI: (Reuters) – India’s indexes provisionally posted their biggest daily fall in two weeks on Monday as banks were hit by fears about slowing deposit growth, while capital good stocks like Larsen & Toubro fell on fears industrial output data due this week would weaken. Traders, returning after domestic markets...

Apr 9 · >

IRDA gives a wide berth to LIC's violations of its investment cap

MUMBAI: The insurance regulator has rejected Life Insurance Corporation’s demand to raise the ceiling on equity holding in a company but turned a blind eye in some cases where it has breached the limit, said two people familiar with the decision. The Insurance Regulatory & Development Authority (Irda) last...

Apr 9 · >

Army Pushes For Fast-Track Purchases To Counter China, Pakistan

NEW DELHI: Having jolted the government over the critical operational gaps in its military capabilities, the Army is now pushing hard for fast-track policies and acquisitions to ‘enhance its combat ratio versus China’ as well as ‘upgrade its combat edge’ against Pakistan. The defence ministry, too, is responding with...

Apr 9 · >

Renault Sherpa Light Military Truck For India

The Renault Sherpa offered to India is designed with a flexible platform in mind so as to incorporate a number of different types military vehicles ranging from fully armoured convoy trucks to military transport trucks. Sherpa Light :: The Sherpa Light family of vehicles from Renault are light armoured...

Apr 9 · >

Hercules Squadron In Panagarh, West Bengal

The Indian Air Force has now decided to deploy its additional six C-130J Super Hercules transport aircraft at Panagarh in West Bengal, the likely location of a proposed Army Mountain Corps headquarter and not in Odisha. The IAF was earlier planning to deploy the six aircraft in Charbatia in...

Apr 9 · >

Defence Ministry To Inspect Imphal-Jiribam Road

IMPHAL: Union MoS for defence Palam Raju will inspect the progress of the development work of the deplorable NH-37, connecting Imphal and Jiribam sub-division bordering Assam on Wednesday. Previously known as NH-53, the highway is currently being maintained by the Border Roads Organization (BRO), which is partly under the...

Apr 9 · >

UAV Squadron To Come Up At Uchipuli

The Indian Navy is all set to commission it’s first Unmanned Aerial Vehicle (UAV) squadron on the East Coast at Uchipuli. The UAV squadron in the east coast is a significant step towards strengthening maritime surveillance and reconnaissance in Palk Strait, Gulf of Mannar and Palk Bay off the...

Apr 9 · >

Defence Secretary To Be Quizzed On Military Preparedness

NEW DELHI: Days after a leading daily ‘The Indian Express’ claimed that Army had moved its two units towards Delhi on January 16 without notifying the government, Defence Secretary Shashi Kant Sharma will on Monday depose before the Parliamentary Standing Committee on Defence to clarify over the issue. According...

Apr 9 · >

CBI May Seek Tatra Papers From Britain

NEW DELHI: The CBI is looking into the payments made by defence PSU BEML to Tatra Sipox UK for the supply of all terrain trucks and plans to sent judicial request to the United Kingdom seeking details of its financial transactions and ownerships. The agency suspects that payments from...

Apr 9 · >

India Gained Control Over Siachen In 1984

The inhospitable Siachen region, which has gained the title of the “world’s highest battlefield” though more people were killed due to the atrocious weather than by enemy fire. After independence who controlled Siachen -India or Pakistan? For a long time, nobody controlled Siachen and the glacier remained no man’s...

Apr 9 · >

Mamata dumps Marx, Engels in history bin

Kolkata Karl Marx and Friedrich Engels — founders of Marxism — may be out of history syllabus in government schools in West Bengal following a recommendation by a state education panel. Mamata Banerjees move, months after she ended the 34- year- old Left rule in the State, was condemned...

Apr 7 · >

Russia Plans More Deliveries To India In 2012

Russia and India plan to complete several other naval contracts, which could make 2012 “the year of the navy” in bilateral military technical cooperation. Construction of the Nerpa, re-commissioned as the INS Chakra II, was launched in 1991 and completed in the 2000’s for lease to India. Initially, it...

Apr 7 · >

Indian Navy To Issue World's Largest Chopper Tender

The Indian Navy is planning to purchase more than 75 choppers at an estimated cost of over $4 billion to meet the demand of it’s expanding area of operations. This tender is one of the world’s largest tenders for multirole helicopters. The Indian Navy had recently asked global helicopter...

Apr 7 · >

Embraer's 2nd Prying Plane (EMB-145i) For India Completes First Flight

Maiden flight of the second fully modified aircraft for the indigenously developed Indian Airborne Early Warning and Control System (AEW&C) was held at 1930 IST on 4th April 2012 at the San Jose dos Campos in Brazil. The necessary Mission systems & components including the dummy AAAU (Active Antena...

Apr 7 · >

CRPF To Have World’s First All-Women Pipe Band

NEW DELHI: After raising an exclusive women’s battalion 25 years ago, the CRPF has now set up the world’s first all-women ‘paramilitary’ pipe band. The 22-member band will get its ceremonial colours on April 9 during the ‘Valour Day’ celebrations of the paramilitary force. The band will be led...

Apr 7 · >

DRDO Investing Rs 1,000 Crore In Testing, Quality Facilities

HYDERABAD: The Defence Research and Development Organisation (DRDO) will invest over Rs 1000 crore to create 4-5 new facilities for testing and quality. The investment and creation of these facilities will be over the next two-three years. These include, a full-fledged launch control centre in Port Blair, a hypersonic...

Apr 7 · >
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