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Industrial Development Bank Of India

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Govt makes it mandatory for armed forces to source military hardware locally

The armed forces will have to source military hardware under the modernisation drive from the domestic industry and their import should only be an exception, the defence ministry said on Monday,......

UK agrees to support India's defence manufacturing

Prime Minister Narendra Modi and his British counterpart Boris Johnson on Friday agreed on a new and expanded India-United Kingdom defence partnership, which will include support for new......

Lok Sabha okays Bill to ban financing of weapons of mass destruction

A bill which seeks to ban funding of weapons of mass destruction and also empower the Centre to freeze, seize or attach financial assets and economic resources of people engaged in such activities......

Sanctions on Russia unlikely hit India's defence sector: Niti member

India's defence sector will not face any problems because of the western sanctions on Russia as Moscow has an inherent military strength and is self-sufficient in its production capabilities, Niti......

China hikes defence budget to $230bn, three times that of India's

China on Saturday hiked its annual defence budget by 7.1 per cent to USD 230 billion from last year's USD 209 billion, three times that of India's military spending. Photograph: Jason Lee/Reuters......

'FM & PM keep denying reality about unemployment'

'According to CMIE data, employment in manufacturing saw a reduction from 51 million in the country in 2016 to 27 million in 2021.'That is, it has halved in just 5 years.'At the same time, the......

Adani group to be India's 2nd-largest cement manufacturer

Billionaire Gautam Adani on Sunday won the race to acquire Swiss cement major Holcim's stake in Ambuja Cements and its subsidiary ACC for $10.5 bn (around Rs 81,361 crore), including the open......

RBI Ban Will Hike Housing Prices

A 5% increase is expected due to additional interest on approval costs. Illustration: Dominic Xavier/Rediff.com   Property developers' approval costs are likely to go up owing to the recent......

Rags to riches tale of mining mogul Anil Agarwal

A reception often reserved for rockstars came the way of mining mogul Anil Agarwal when he started revealing nuggets of his ascent from a scrap-metal dealer to one of India's most prominent......

Reliance top-ranked Indian firm on Forbes Global 2000 list

Billionaire Mukesh Ambani's Reliance Industries Ltd climbed two spots to No. 53 on Forbes' latest Global 2000 list of public companies worldwide. Photograph: PTI Photo Forbes Global 2000 ranks the......

'Uncle Neil brought North East closer to India'

'There was a certain difference that separated him from the rest. That's why his life is so celebrated, his loss is felt globally.' IMAGE: William Richmond Basaiawmoit with Neil Nongkynrih.......

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Coming to India and making

Success in manufacturing is not just about being cheap - cheap labour, cheap land, cheap power...
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