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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....