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JAIPUR: In a major strategic decision the Indian Army has decided to shift its 42 Artillery Division of the Jaipur-based South Western (SW) Command to Bassi, 25 km from the Rajasthan capital. The new location is much closer to Jaipur as compared to its present location in Alwar, about...
All that has happened since the eruption of the controversy over the age of the Chief of Army Staff, General V. K. Singh, has had one unintended effect: It has been public education on a massive scale on the delicate nature of the relations in a democracy between the...
NEW DELHI: Defence Minister AK Antony today issued a stern warning to defence public sector undertakings (DPSUs) asking them to maintain transparency in their dealings with the armed forces. Antony said he wanted DPSUs to speed up work and set benchmarks of standard and quality for private sector companies....
The horrifying tragedy of Pakistani soldiers who got buried under an avalanche in Siachen is very much unlikely to affect India’s decision to station a permanent military base there. New Delhi is still considering to try and check if there is any room for flexibility on the matter. It...
NEW DELHI: Japan’s Mitsui Sumitomo Insurance Company agreed to buy out New York Life’s 26% stake in its life insurance joint venture with Max India, valuing the insurer at about Rs 10,000 crore, nearly double the market cap of the listed holding company. The 2,731-crore, two-leg, all-cash deal values...
MUMBAI: PSU lender IDBI Bank expects to increase the size of its medium-term notes (MTN) programme from the current $1.5 billion to $2.5 billion by January next year, a senior executive said on Thursday. Melwyn Rego, executive director at IDBI Bank, said that the bank has already raised $720...
MUMBAI: Even if the Reserve Bank of India reduces the repo rate in order to provide the much needed relief to turnaround the economy, the bankers might not pass on the benefits to the customers soon after. Some bankers refrained, and said status quo is likely too. “The economic...
Any signs of a hard landing in China may lead to a growth scare, says Andrew Holland, CEO, Investment Advisory, Ambit Capital. In an interview with Fe’s Devangi Gandhi, he says such a scenario, however, may turn India into an interesting market for foreign investors as it would gain...
NEW DELHI: Facing united opposition from foreign investors to the proposed general anti-avoidance rules (GAAR), the finance ministry has decided to revisit the changes made in Budget 2012-13. A key option is to extend the period of introduction of the new tax regime, so that foreign institutional investors (FIIs)...
MUMBAI: There is an expectation among many that the Reserve Bank of India (RBI) would cut the repo rate (at which it lends to banks) by 25 basis points in its annual policy review meeting scheduled on Tuesday, to boost growth in the economy. After increasing the policy rate...