Opinion
Appeal
The legacy of IPA, founded by Nikhil Chakravartty, the doyen of journalism in India, to keep the flag of independent media flying high, is facing the threat of extinction due to the effect of the Covid pandemic. Only an emergency funding can avert such an eventuality. We appeal to all those who believe in the freedom of expression to contribute to this noble cause.Narsing Rao To Attend CIL Board Meeting As Special Invitee
NEW DELHI: S Narsing Rao, CMD designate of Coal India Ltd (CIL) will attend as special invitee the company’s board meeting which has been called on April 16 to consider the model agreement with power producers for assured fuel supply as per the government directive. “Rao has been asked...
NLC's JV For Rs 10k Crore UP Power Project Likely To Be Approved
NEW DELHI: The government is likely to approve state-run Neyveli Lignite Corporation’s proposed joint venture to set up a Rs 10,000 crore thermal power project in Uttar Pradesh. The Cabinet may consider granting approval to Neyveli Lignite Corporation for formation of a joint venture to set up a 1980...
Coal India Fuel Pacts Mean Subsidy To Private Companies: TCI
NEW DELHI: British hedge fund TCI, a minority shareholder in Coal India (CIL), today alleged that directing the coal PSU to sign fuel-supply pacts with power producers would amount to “direct transfer” of $19 billion to the private sector. In a presentation made to Coal India board which is...
Presidential Decree To Coal India Not In Public Interest, Says TCI
MUMBAI: The Children’s Investment Fund (TCI), the largest minority shareholder in Coal India Ltd (CIL), has rubbished the government’s argument that it was acting in public interest while directing the state-controlled miner to sign fuel supply agreements (FSAs) at throwaway prices. The London-based hedge fund also called for the...
IAF's Mirage Jets To Start Flying By Month End
After remaining grounded for more than a month, the Mirage 2000 aircraft fleet of the Indian Air Force (IAF) is expected to resume flying operations by the end of this month, Air chief Marshal N A K Browne said here today. India’s fleet of the frontline Mirage 2000 fighter...
India Watchful Of China's Military Rise
China’s military might now clearly dominates India’s defence policy, which has raised concern over Beijing making inroads into our immediate neighbourhood. Noting that China has upgraded it’s military force projection against India through rapid modernisation, the Defence Ministry on Monday said the country was ‘conscious and watchful’ of Beijing’s...
Rafale Deal Being Probed, Says Antony
KOCHI: Defence minister A K Antony said on Wednesday that allegations raised by Mysura Reddy, a former TDP member in Rajya Sabha, against the purchase of medium multi-role combat aircraft from French firm Rafale are being looked into. A final decision will be taken only after the probe is...
Another Round Of Nag Trials In June-July
HYDERABAD: With Rajasthan deserts providing one of the worst testing environments, yet another round of trials, perhaps the last, will be conducted in June-July 2012 of the anti-tank Nag missile and more importantly its specially designed carrier, NAMICA. Although the third generation missile with “top attack and fire and...
No Official Note So Far To Call Service Chiefs: House Panel
NEW DELHI: The confusion swirling around the issue of India’s defence readiness has deepened with the chairperson of Parliament’s standing committee on defence, Satpal Maharaj, issuing a press release on Wednesday that sought to deny earlier media reports on the summoning of the three service chiefs to brief the...
Man Attempts To Steal INS Chakra Documents
VISAKHAPATNAM: Exactly a week after the 8,140-tonne nuclear-powered attack submarine INS Chakra was inducted into the Indian Navy on a 10-year lease from Russia, a brazen attempt was made to steal key documents pertaining to the submarine from a star hotel here on Wednesday. Police are trying to trace...
India Hospitality Corp buys UK's Adelie food group for Rs 1,800 crore
NEW DELHI | MUMBAI: India Hospitality Corp, the owner of Mumbai eateries Jazz by the Bay and All Stir Fry, has bought UK’s Adelie Food Group, which supplies quiches, salads, sandwiches and assorted ready-toeat food to retail chains such as Starbucks coffee and Sainsbury’s supermarkets, for $350 million from...
LIC PSU investments may give rivals edge
MUMBAI: Life Insurance Corp invested more than half its equity portfolio last fiscal in state-run companies, raising fears that returns may lag rivals as price controls eat into the profitability of some public sector undertakings (PSUs). The state-run insurer invested around Rs 22,000 crore, or 55% of the total...
Pharma Leads India’s Patent Charge As Tech, Telecom Lag Behind
NEW DELHI: Top patent-seekers from US, Japan and China — who file the maximum patent applications — hail from IT, telecom and consumer electronics, while those from India are from an entirely different field: Pharmaceuticals. While IT, telecom and electronics majors are the top patent-filers of 2010, accounting for...
Aviation Ministry Moots ECB Working Capital Cap At $2 Billion
NEW DELHI: Even before the ink is dry on the Budget proposal to let domestic airlines borrow up to $1 billion overseas for working capital, the aviation ministry has sought a doubling of the limit, as cash-starved carriers continue to bleed. The aviation ministry has written to the finance...
Walmart May Enter Online Retail In India
NEW DELHI: American retail giant Walmart is learnt to be actively exploring the online space in India. It was in talks with some leading e-commerce companies in India for partnership possibilities, sources close to the development said. Walmart, however, said the information was “completely speculative”. The world’s largest retail...
Indonesian Tremors Spark Fears Of Coal Crisis Among Power Companies
MUMBAI: A massive earthquake off Indonesia on Wednesday rattled investors and sparked fears of a fresh crisis in coal supplies to the beleaguered domestic power sector. Shares of power generators, who are already struggling with issues relating to price of coal from Indonesia, fell around 2% as against a...
ADB Projects Moderate Growth Rates For India
By S. Sethuraman The Asian Development Bank (ADB) sees only a “moderate pickup” in India’s growth performance in fiscal 2013, edging upto 7 per cent, but this is on assumption of inflation lowering for monetary policy to ease, fiscal deficit being held at budgeted 5.1 per cent of GDP,...
Mamata Browbeats Planning Commission
By Nitya Chakraborty NEW DELHI: It was a win win situation for the West Bengal Chief Minister Mamata Banerjee all the way in the Planning Commission on April 10 when she had discussions with the Commission Deputy Chairman Dr. Montek Singh Ahluwalia for the finalization of the annual plan...
