The Indian Defence Ministry has approved the procurement of 114 Rafale fighter jets from France, a significant step towards bolstering the Indian Air Force's combat capabilities. The decision comes ahead of French President Emmanuel Macron's visit to India.
Air India (AI)'s rise could be at the expense of three "super-connector" hubs - Doha in Qatar, and Dubai and Abu Dhabi in the UAE - as the Indian passenger would any day prefer direct flights of their national airline that is providing excellent on-time service, Arved von zur Muehlen, chief commercial officer of Saudia Airlines, said on Thursday.
These five stocks, which have lagged the markets over the last two years, have doubled in value since March 23.
Hetero Drugs, the Hyderabad-based active pharmaceutical ingredients and finished dosages manufacturer, has set up an equal stakes joint venture with Russian pharmaceutical major Makiz Pharma.
The company has a pipeline of viral vaccines including Zika, dengue, varicella, as well as a potential Covid-19 inoculation.
The foreign investment proposal by Italian jewellery brand Damiani to set up a 51:49 joint venture with Mehta's Pvt Ltd also got the government's approval, sources said.
Social activist Anna Hazare will receive an award of Rs 25 lakh from a Delhi-based organisation for his contribution to rural development.
Former army chief General V K Singh had some time back claimed that he had scuttled a Bharat Earth Movers Limited bid to sell overpriced Tatra vehicles to the Indian Army. But in February 2012, the army quietly signed a contract with BEML for an even larger and more controversial purchase: a $275-million (about Rs 1,500 crore) contract for 204 armoured recovery vehicles.
The Maharashtra government is considering converting an ordinance on giving priority to locals in jobs into an Act, the state Legislative Council was informed on Friday.
With sales of over Rs 12,240 crore in nine months of the current financial year, it is ahead of Rs 11,580 crore recorded by Lupin but behind Sun Pharma, which reported Rs 19,350 crore sales.
Saina Nehwal and Arvind Bhatt continued their fine form to storm into the quaterfinals even as compatriot Chetan Anand fell by the wayside in the Hong Kong Super Series badminton tournament on Thursday.
Aurobindo Pharma Ltd on Monday said its Anti-retro viral products have been included in World Health Organisation's pre-qualification list.
New car launches in the past six months have driven sales growth despite a hike in vehicle financing. In April, new launches accounted for 17 per cent of over all sales.
The company's revenues are seen to cross $1 billion in three years time
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Ranbaxy Laboratories Ltd launched an anti-retroviral product, ABACAVIR, in India. The product, bioequivalent to the innovator brand, will be marketed in India under the brand name VIROL as 300 mg tablet formulation.
'I wanted to know whether I should stay in Paris or do something else, and in less than a week, I got the call for The Last Hour.'
The company has received the tentative approval from the US Food & Drug Administration to manufacture and market these combination tablets in strengths of 600mg/300mg/ 300mg, a statement by Aurobindo Pharma said.
Sensex falls at close; metals, banks perform well.
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