That investment in the Tejas programme is rooted in the navy's plan to operate both light and medium fighters off its aircraft carriers. The Naval LCA will supplement the heavier Russian MiG-29K, which has already been ordered from Russia.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
Deposits in Jan Dhan account have more than doubled to Rs 87,000 crore in 45 days post demonetisation, prompting the tax department to "dissect" information relating to such deposits, a top government official said.
Irda to raise provisioning norms to 163-213 per cent.
Finance Minister P Chidambaram has approved 17 proposals for foreign investments, including a proposal by Quinn Hotels Sweden AB to invest Rs 313 crore (Rs 3.13 billion) in a 100 per cent owned holding company for construction activities.
DLF launched a 100-acre township 'Alameda' in Gurgaon. In the first phase, it released 150 plots at Rs 60,000 a sq yard with inaugural discount of 10 per cent and they were sold within a few hours of the launch.
Priyanka Gandhi covered the distance from Varanasi to Umbha village in Sonbhadra district, about 100 kilometres apart, by road, prompting Uttar Pradesh Deputy Chief Minister Dinesh Sharma to say she was pulling off a "political stunt".
For providing the additional level of collateral for its funding needs, the company paid a little over Rs 50 crore (Rs 500 million) to Mallya as 'guarantee and security commission' during the year ended March 31, 2011, Kingfisher has told its shareholders.
RPG Cellucom India, which currently runs over 100 stores across the country showcasing a variety of products, including phones, notebooks and other accessories, will open 400 new stores by December next year targeting Rs 2,500 crore (Rs 25 billion) turnover by March 2009. Of the new stores, "150 will come up by this year end", RPG Cellucom Chief Executive Sunil Bhagat said at the launch of the 101st store.
A week after unlocking Rs 124 crore (Rs 1.24 billion) from the sale of a Kilburn Engineering property, the Brij Mohan Khaitan group has announced another Rs 115 crore (Rs 1.15 billion) deal.
German carmaker Volkswagen plans to invest Rs 1,500 crore in India over the next 6 years on various activities, including local production of engines, as it aims to consolidate position in the country.
With Karnataka facing acute scarcity of drinking water and fodder due to deficient monsoon rains, new Chief Minister Jagadish Shettar on Tuesday met Prime Minister Manmohan Singh and sought an immediate Central assistance of Rs 2,000 crore to tackle the situation.
The top speed on the about 505 kms elevated corridor will be between 300 to 350 kmph.
The expert panel has suggested that there would be two components of rehabilitation plan -- physical and biological, and they would cost Rs 28.73 crore and Rs l3.29 crore respectively, besides additional ancillary expenses.
Telecom R&D outsourcing company Sasken Communication Technologies' initial public offer to raise Rs 115-130 crore (Rs 1.15 to 1.3 billion) opens for subscription on Thursday.
Maharashtra could become the gateway for the rest of the country.
Yes Bank will visit the capital market with an initial public offering to raise over Rs 300 crore (Rs 3 billion) and tier-II capital bond issue of Rs 100 crore (Rs 1 billion) before June to fund business growth plans, including branch network.
Italian govt chips in to help Indian company.
Tata Motors, which is announcing its results January 30, is likely to end 2008-09 with around Rs 500 crore (Rs 5 billion) less cash mainly because sales of commercial vehicles, which account for about 60 per cent of its revenues, have dropped sharply.
Indiabulls Financial Services on Thursday said leading international real estate consultancy Knight Frank has valued its real estate business at Rs 15,125 crore (Rs 151.25 billion).
At issue size of Rs 10,355 cr, the offering will be Asia's biggest this year and fifth-largest domestically.
The Aayog recently met the ministries on the issue.
Star has sold ad slots for the show, which goes on air from January 22 at an estimated Rs 10-13 crore per sponsor, said sources.
With the cyclone set to make landfall on Wednesday, Maharashtra and Gujarat activated their disaster response mechanism, deploying NDRF teams and evacuating people from areas likely to be hit.
It's Diwali time for marketeers in the online space, who are wooing the 37 million strong Indian online community with festival packages and Maha Diwali sales
The government on Monday approved 28 foreign direct investment proposals worth about Rs 530 crore.
Bank of India, Canara Bank, Dena Bank, Corporation Bank and Andhra Bank are among the lenders that received capital infusion from the government.
Finance Minister P Chidambaram on Monday cleared two FDI proposals worth Rs 550 crore (Rs 5,500 million), which would allow the Mauritius-based FE Holding to set up an integrated township and an industrial park in Mohali, near Chandigarh.
Tata Motors is to invest Rs 6,000 crore (Rs 60 billion) in the next five years to increase the passenger car capacity at its Pune plant by 50 per cent and plans to raise $100 million shortly.
The reinsurer expects total insurance cover to be around $500 million.
Honda Car India is planning to increase prices of its vehicles by up to Rs 6,000 from April to offset the impact of adverse exchange rate that has resulted in higher input costs.
