Building 6 conventional submarines is one of the Indian Navy's most important weapon construction programmes.
'India is not so distant from years of high and entrenched inflationary expectations that it should start trying to play games with the economy the way the West's central bankers think they are entitled to,' argues Mihir S Sharma.
While the Congress party has said that the deal was transparent as payment of Rs 2 crore was received by Vadra from Kapoor through cheque and was reflected in income tax returns, the ED is probing if the painting was owned by her or the AICC.
A round-up of Wednesday's action in the UEFA Champions League.
UK's Cairn Energy Plc plans to bring lawsuits in the US and other countries to pierce the corporate veil between the Indian government and its owned companies such as in oil and gas, shipping, airline and banking sectors, to seize their overseas assets to recover $1.2 billion ordered by an international arbitration tribunal. The firm has moved courts in the US, UK, Canada, France, Singapore, the Netherlands and three other countries to register the December 2020 arbitration tribunal ruling that overturned the Indian government's Rs 10,247 crore demand in back taxes and ordered New Delhi to return $1.2 billion in value of shares it had sold, dividends seized and tax refunds withheld to recover the tax demand. With the government so far refusing to honour the arbitration award and instead choosing to challenge it, Cairn is looking to enforce it by seizing overseas Indian assets, Dennis Hranitzky, head of the sovereign litigation practice at Quinn Emanuel Urquhart & Sullivan, a law firm representing the company, told PTI.
Women dominate Indian banks's clerical and officer rolls, but few make it to the executive office these days, notes Tamal Bandyopadhyay.
Switzerland makes public 2,600 dormant a/c; 4 from India.
Britain's Cairn Energy has secured a French court order to seize 20 Indian govt properties to recover arbitration award, it is learnt.
The money stashed away in tax havens is estimated at between $5.6 trillion and $32 trillion, numbers to make your eyes pop, asserts T N Ninan.
Nifty PSU bank index dropped nearly 2%
Real Madrid are hoping the fit-again Cristiano Ronaldo can lead them into the Champions League final although strike partner Karim Benzema remains a doubt for Wednesday's return match with Manchester City.
Not just mid- and small-sized firms, even big ones will either sell group companies or stakes in their listed entities to tide over crisis; more sell-offs seen in coming months.
The airliners will be withdrawn from Air India, sent to France to fit airborne radars, then handed over to DRDO to be integrated with the complex software that will allow these aircraft to function as 'eye-in-the-sky' controllers of air force battles.
'India's move has grossly violated China's territorial sovereignty, seriously violated relevant agreements, protocols and important consensus reached between the two countries'
Sterling fell to a 31-year low against the dollar on Monday as a sell-off stemming from Britain's decision to quit the European Union gathered pace, with the euro also pressured as Brexit clouded the future of the rest of the bloc.
The 1.3-kilometre-long bridge aims to boost connectivity to the Kashmir Valley and it is being constructed at a cost of Rs 1,486 crore as part of the Udhampur-Srinagar-Baramulla Railway Link project
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The move draws a line under the Swiss government's rescue of UBS nearly five years after the bank threatened to collapse under the weight of more than $50 billion in losses on mortgage securities.
'Putting tanks on the Ladakh border is not enough to combat China, what is needed to ensure resilience against any cyber-attacks or attacks in outer space or China flexing its economic muscle, as it did with Australia.'
According to a recent study, 89 per cent working women from India believed that it is important to have ambitions compared to the global average of 59 per cent
'The NIA has shared with states concerned a list of 125 suspected activists who have close links with the JMB leadership'
Switzerland's other major big bank, UBS, said in August it was trimming 3,500 jobs to save 2 billion francs annually.
The Indian money in Swiss banks had fallen by 45 per cent in 2016, marking their biggest ever yearly plunge, to CHF 676 million (about Rs 4,500 crore) -- the lowest ever since the European nation began making the data public in 1987.
There is little that Andreas Schmid, the Swiss-born chairman of Flughafen Zurich AG (Zurich Airport International AG), and Yogi Adityanath, chief minister of Uttar Pradesh (UP), could have in common. But Schmid, whose company is building the Noida airport in partnership with the UP government, finds himself on the same footing as the firebrand Hindutva leader who rules the state. Both hope the Rs 30,000-crore ($4 billion) project, hanging fire for 20 years, shows some progress when UP goes to the polls in 2022.
The US launched an investigation, focusing on whether the tax in India and other countries discriminated against American companies, were retroactive, and reflected unreasonable tax policy.
A round-up of Tuesday's action in the UEFA Champions League.
Mathew Ryan asked his family if anyone wanted to come and watch him play in the World Cup in Russia, there was an enthusiastic response - from 27 of them.
Broader gains were capped as investors awaited corporate results from major firms
The swollen Seine receded on Sunday, but between flood damages, strikes and terror fears, France was firmly stuck in the doldrums just five days before the Euro football tournament. Thick grey clouds hung over Paris as the muddy Seine slowly inched back from a three-decade high that saw it burst its banks in places, forcing the Louvre and Orsay museums to shut their doors to evacuate priceless works. But while crowds thronged to photograph the river -- Paris's star attraction this weekend -- residents in nearby towns picked through their devastated homes, with insurers estimating damages of at least 600 million euros ($681 million). Several towns remained on alert after the floods left four people dead in the Paris region this week, and over 11,000 homes were without electricity. In Paris several metro stations remained shut as a precaution.
Rediff.com encapsulates all the sporting action from the past week in this eye-catching photo feature.
World Championships bronze medallist Lakshya Sen and men's doubles combination of Chirag Shetty and Satwiksairaj Rankireddy registered contrasting victories to reach their first Yonex-Sunrise India Open 2022 final, while PV Sindhu was knocked out, in New Delhi on Saturday.
The FATF continuing Pakistan in the 'Grey' list means its downgrading by IMF, World Bank, ADB, EU and also a reduction in risk rating by Moody's, S&P and Fitch.
Belgians tasted bitterness in their beer on Tuesday after their dreams of a first World Cup final were ended by the narrowest of margins by their bigger French neighbours.
Paris tourist sites reopened, workers cleaned up broken glass and shop owners tried to put the city on its feet again, a day after running battles between yellow-vested protesters and riot police left 71 injured and caused widespread damage to the French capital. Take a look at the widespread damage caused to the city during the protests.
A new framework has been put in place for automatic exchange of information between Switzerland and India to help check the black money menace with effect from January 1, 2018. The funds held by Indians through fiduciaries alone used to be in billions till 2007 but began falling after that amid fears of regulatory crackdown. It is now at second-lowest level in 20 years.
However, if the rupee depreciates much, the economy in dollar terms would be that much smaller.
Paris is suffering the worst flooding in more than 100 years on Saturday forcing the Louvre to evacuate 250,000 pieces of art to safety from its basements.
The mandates which Pakistan has failed include action against all United Nations-designated terrorists like Jaish-e-Mohammed chief Azhar, Lashker-e-Tayiba founder Hafiz Saeed and the outfit's operational commander Zakiur Rehman Lakhvi.
Banned UEFA President Michel Platini's Panamanian bank account was declared to the authorities in Switzerland, where he lives, his lawyer said in an interview published by French newspaper Le Figaro on Tuesday.
Uruguay forward Edinson Cavani scored twice to earn the South Americans a 2-1 win over European champions Portugal in their World Cup round of 16 clash on Saturday and set up a quarter-final against France.
Adding oomph to an ageing brand?. When the first wrinkles appear, the search for the fountain of youth must begin!
