In its first move to significantly expand the fleet after the Tatas took over, Air India has leased 25 Airbus narrow-body aircraft and five Boeing wide-body planes. These will enter service starting December, the company said on Monday. A wide-body plane has a bigger fuel tank, allowing it to travel longer distances such as India-US routes.
'The Indian economy and the Indian financial sector today remain resilient and much better placed.'
Take a look at the famous faces who exercised their democratic right.
With Hamid Karzai stonewalling every US effort to conclude a bilateral security agreement, the Obama Administration is pinning its hopes on India to persuade the Afghan President to sign the deal and end the current political imbroglio on the issue.
The US remained "watchful" over developments along India's frontier with China as it cannot take its eyes off the regional security issues, a senior American official said on Wednesday against the backdrop of the over 29-month border standoff in eastern Ladakh that has significantly frayed ties between the two neighbours.
Mahindra & Mahindra (M&M) and the British International Investment (BII) have inked a pact to invest Rs 1,925 crore each in a wholly-owned subsidiary of the home-grown auto major to focus on four-wheel passenger electric vehicles. The Mumbai-based automaker and BII have executed a binding agreement to invest in the new entity -- "EV Co". According to the pact, BII will invest up to Rs 1,925 crore in the form of compulsory convertible instruments at a valuation of up to Rs 70,070 crore, resulting in 2.75 per cent to 4.76 per cent ownership in the EV Co, M&M said in a regulatory filing. EV Co will focus on four-wheel (4W) passenger electric vehicles, it added.
To double its current turnover of Rs 13.53 billion in five years, the firm plans to generate 25 per cent of this consolidated revenue from FMCG sales.
The MoD did not reveal the number of missiles procured through the latest contract.
However, this information was inadvertently revealed through an official MoD photograph that accompanied the announcement.
Maharashtra and Haryana voted in assembly elections on Monday. Several prominent personalities also exercised their franchise.
Rediff readers share their election day style pics.
Mohammadpur Umri, a small village in Uttar Pradesh near the Indian Air Force's Bamrauli base in Prayagraj, is called a 'village of twins'.
I kept insisting that Rs 100 notes were in short supply and there was an urgent need to augment the supply of 100 rupee notes while also rapidly bringing into circulation the proposed new Rs 500 notes. But this was easier said than done because all the note printing machines of the RBI were programmed for printing Rs 2,000 notes and required at least three weeks before the machines could print the new Rs 500 currency notes. The availability of currency paper posed another major bottleneck, and it had to be imported. It was decided to immediately start printing the Rs 500 notes. It was only when the supply of the new Rs 500 notes started improving and the process of change of cassettes at the ATMs gathered momentum that the situation began limping back to normal. A fascinating excerpt from former SBI chairman Rajnish Kumar's The Custodian of Trust: A Banker's Memoir, five years after demonetisation, November 8.
Amitabh Bachchan has been actively spreading the word on coronavirus on social media.
The Indian troops guarding the nearly 3,500-km Line of Actual Control (LAC) maintained an assertive approach in sync with the broader national security doctrine and procured a variety of military platforms and weapons to enhance their combat capabilities.
To celebrate the new trade deal with India, Australian Prime Minister Scott Morrison on Saturday took to Instagram to post a picture showing him preparing khichdi, his Indian counterpart Narendra Modi's favourite dish.
The academic centrepiece of this initiative will be an integrated dual degree MD-PhD programme aimed at creating a new breed of physician-scientists, who will pursue careers in clinical research to develop new treatments and healthcare solutions, driven by a bench-to-bedside philosophy, a statement said.
Nearly 4,800 elected MPs and MLAs will vote on Monday to elect the 15th President of India, with National Democratic Alliance candidate Droupadi Murmu having a clear edge over Opposition's Yashwant Sinha as over 60 per cent votes are expected to be cast in her favour.
The MNM inked an agreement with actor-politician Sarathkumar's All India Samathuva Makhal Katchi and Indiya Jananayaka Katchi to jointly fight the polls.
Tata Motors on Monday said its subsidiary and Ford India have inked a pact with the Gujarat government to acquire FIPL's Sanand vehicle manufacturing plant. Tata Passenger Electric Mobility Ltd (TPEML) -- a subsidiary of Tata Motors -- and Ford India Pvt Ltd (FIPL) have today signed a memorandum of understanding (MOU) with the Gujarat government for the potential acquisition of FIPL's Sanand vehicle manufacturing facility, including land, buildings, vehicle manufacturing plant, machinery and equipment, Tata Motors said in a regulatory filing. The MoU also includes the transfer of all eligible employees of FIPL Sanand's vehicle manufacturing operations, subject to the signing of definitive agreements and receipt of relevant approvals, it added.
Teams of both companies are collaborating on all areas of mutual interest including electrification, distribution and product development.
Prime Minister Narendra Modi and Sri Lankan President Maithripala Sirisena on Monday held talks at Hyderabad House
Dentist for a gynaecological problem! This bizarre incident took place at a private hospital in Gurugram, resulting in the death of an airhostess from Nagaland on June 24 last year, prompting the Central Bureau of Investigation (CBI) to launch an inquiry.
Prime Minister Narendra Modi said on Monday that the partnership between India and Germany could serve as an example of success in a complex world as the two sides inked several agreements focused on sustainable development under which India would receive USD 10.5 billion assistance by 2030 to boost the use of clean energy.
Karnataka Chief Minister Basavaraj Bommai on Saturday said that the security of Kannadigas who are settled in Maharashtra is the responsibility of the Maha Vikas Aghadi government.
'That is how our machinery operates and sees every prisoner.'
The second round of the voting was held in the 17 districts amid tight security and strict coronavirus guidelines in place. The voting percentage at 10.30 pm was 54.64, according to the Election Commissions Voter Turnout Apps provisionally data.
After his wide-ranging talks with Modi on the second and final day of his India visit, Johnson said the new defence and security partnership will enable India to strengthen its domestic defence industry as well as help the two countries protect vital shared interests in the Indo-Pacific.
The Eknath Shinde-led Maharashtra government has come under fire following the Centre's announcement that Tata-Airbus C-295 transport aircraft project would be set up in Gujarat, with the opposition seeking to know why the project that was supposed to come up in Maharashtra went to the neighbouring state.
The Defence Ministry on Friday inked a nearly Rs 20,000 crore contract with Airbus Defence and Space of Spain to procure 56 C-295 medium transport aircraft which will replace Avro-748 planes of the Indian Air Force.
Jacqueline does yoga... Soha twins with daughter...
Swaraj expressed satisfaction over the agenda of the inaugural dialogue while giving the details of the deliberations.
The industry is looking at a promising 2016, though experts and even the investors anticipate correction on the valuation side
Take a look at the famous faces who exercised their democratic right.
Amritsar-based Sohan Singh and Mohan Singh who are joined in the hip exercised their franchise for the first time in the Punjab assembly polls on Sunday.
Rediff readers shared their election style. Scroll down to take look.
Institutional investments in real estate may fall 20 per cent to $4 billion during this calendar year because of a higher inflow of funds in 2020, according to property consultant JLL India. During the January-September period, the institutional investment rose to $2,977 million from $1,534 million in the year-ago period. "Unless some large portfolio deals are not inked at the end of the year, annual investments are expected to be in the $3.8-4 billion range in 2021," JLL said in a statement. Institutional investments managed to cross the $5 billion mark in 2020 due to large portfolio deals worth $3.2 billion during the last quarter of the year.
Both lenders and Etihad are not comfortable with the entities holding stake in Jet as they have no proven credentials in running a big business
As India goes into firming up trade deals with developed nations like Australia, the United Kingdom (UK) and the regional bloc, and the European Union (EU), it will have to be well prepared to negotiate on new-generation issues, such as data protection regulation, e-commerce, and environment. India is yet to negotiate pacts with its trading partners on these evolving issues since discussions between them have until now been largely focused on tariff and non-tariff barriers and the rules of origin. "We can no longer look at trade just as trade. We have to look at it in totality of global and regional conditions.
While the polling so far has been peaceful, police had to open fire in the air in Purnia to disperse a crowd trying to disturb voting, even as people boycotted polling at 12 booths in Katihar in protest against barriers not being set up at two railway crossings.
Former India spinner Harbhajan Singh is expected to officially announce his retirement from competitive cricket sometime next week and after that he will decide on an offer to be a part of the support staff of a franchise.
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