Navy's new submarines will cost $1 bn each

Building 6 conventional submarines is one of the Indian Navy's most important weapon construction programmes.Ajai Shukla reports.   Kickstarting one of the Indian Navy's most important weapon......

Govt clears mega naval plan to build 6 submarines for Rs 43,000 crore

The Defence Ministry on Friday cleared a mega project to domestically build six conventional submarines for the Indian Navy at a cost of around Rs 43,000 crore, in a major decision aimed at......

India to begin bidding for 6 submarines worth Rs 55,000 cr by Oct

India is all set to launch the bidding process by next month for a Rs 55,000-crore mega project to build six conventional submarines for the Indian Navy to narrow the gap with China's growing naval......

Has navy inducted INS Khanderi with several defects?

There were 35 defects that still remained to be resolved.Of these, 29 could not have been resolved during the monsoon since they required testing in absolutely calm seas. Nor is the Khanderi being......

Centre's divestment plan: A stress test for zombie steel plants

With the government looking to divest loss-making steel assets, significant interest from secondary players is most likely this time apart from the anticipated list of large integrated primary......

India Inc faces rough weather in overseas biz

As global economies contract because of the Covid-19 pandemic, the focus of most of the India Inc has now moved back to the home market where demand is expected to pick substantially from the......

Post-COVID war chest: Tata Steel plans to raise up to Rs 10,000 crore

A bleak demand outlook for steel in the domestic as well as global market is also another reason Tata Steel may be looking to have additional liquidity as margins are expected to take a hit in the......

Tata Steel to cut up to 3,000 jobs in European plants

It plans to lower employment costs with the estimated reduction in employee numbers, about two-thirds of which are expected to be office-based white-collar roles - a majority expected at its......