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The Indian Air Force has floated a brand new requirement to support the acquisition of nine special mission aircraft for airborne Signals Intelligence (SIGINT), Communications Jamming (COMJAM), ground survey and target towing. According to the request for information sent out to global vendors, two of the nine aircraft should...
NEW DELHI: Power developers such as Reliance Power, NTPC, and India Bulls have got support from the most unexpected quarter — the Coal Ministry. The Ministry has supported the developers’ call for review of the new fuel supply agreement (FSA) of Coal India Ltd. The producers termed the new...
NEW DELHI: Power companies that have not signed the fuel supply pact with CoalIndiacontesting its minimum penalty clause are meeting the Central Electricity Authority tomorrow to find a resolution to the issue. CEA, the power sector planning body, has convened a meeting of power utilities who have not signed...
NEW DELHI: June may turn out to be the luckiest month for government oil marketing companies for the third year in a row. Like the last two years, this June is also expected to see a round of price hikes in controlled fuel products. Price hikes of controlled petroleum...
MUMBAI: Ahmedabad-based Zydus Cadila is in early stages of talks to acquire Bangalore-based Strides Arcolab’s Rs 70-crore domestic generic business, said two people familiar with the matter. Strides’ domestic generic business, which has a range of antibiotic and nutraceutical products, will help Zydus get a wider market access in...
NEW DELHI: In a surprise move, the government on Tuesday decided to withdraw its review petition seeking clarity on the Supreme Court ruling which called for allocating all natural resources through auctions. The court had made this directive as part of its February 2 verdict, that cancelled 122 tainted...
NEW DELHI: The halted PSU sell-off programme is set to resume. The Cabinet Committee on Economic Affairs (CCEA) is likely to take up a clutch of disinvestment proposals on Thursday, including follow-on offers (FPOs) of Steel Authority of India (SAIL), Hindustan Copper, Nalco and Neyveli Lignite Corporation, official sources...
NEW DELHI: The United Progressive Alliance’s chief crisis manager Pranab Mukherjee made a compassionate plea to all political parties and states to urgently bite the bullet on fuel subsidies and urged the Opposition to help with the passage of some crucial economic laws. He also tinkered with the indirect...
HYDERABAD: Despite growth and inflation balance shifting favourably, the Reserve Bank of India (RBI) foresees inflationary pressures in the medium and long term. In the present economic environment, there is little room for lowering interest rates, said RBI deputy governor Subir Gokarn. “The central bank has started the process...
NEW DELHI: Two months ago, with fiscal consolidation on his mind, Finance Minister Pranab Mukherjee scratched out export subsidies from his budget. Today, worried by a widening gap between imports and exports, the government is thinking of bringing back sops for exporters. These subsidies are likely to include discounted...