Delhi-based low-cost carrier SpiceJet is looking at restructuring its core leadership team as part of US investor Wilbur Ross's strategy of turning around the company.
An Indian American businessman was sentenced to 35 months in jail and slapped a US$ 60,000 fine by a US court for shipping restricted military technology to Indian government entities engaged in missile and fighter jet production.Parthasarathy Sudarshan was convicted of acquiring electrical components with applications in missile guidance and firing systems in the US and supplying them to the Vikram Sarabhai Space Centre and Bharat Dynamics Ltd between 2002 and 2006.
The stars are with Barack Obama, says an Indian astrologer in the United States. "Whatever the polls may convey, the cosmic timetable and the karmic events all seem to point in favor of Barack Obama to occupy the Presidential seat in January 2009," Malini Parthasarathy, a former senior management specialist at the World Bank, and an astrologer, says.
The deal values the stock exchange at $3.3 billion.
All in all, this album tries to bring in a little of everything and through some clever usage of old hits and new music, succeeds in providing reasonably interesting fare.
Sudarshan had smuggled sensitive components to Vikram Sarabhai Space Centre and Bharat Dynamics Ltd, which is involved in development and production of ballistic missiles in India. To further conceal from the US government that goods were going to entities in India on the Department of Commerce Entity List, Sudarshan routed the products through its Singapore office and then send the packages on to India, authorities claimed.
Now for the first time, the top team in North Block has the predominance of IAS officers.
Tuesday's violent clashes unfolded a day after the severe snub the Pakistan Supreme Court gave to the Musharraf establishment.
Shome joined on October 1, 2004, for three years and his tenure had recently been extended till October 2009. However, he has decided to move on, sources in the finance ministry said he had not decided which of the options open before him will be exercised.
The government is likely to increase the number of transactions that require reporting from seven to tighten scrutiny and check evasion.
Federal officials have said this is unlikely to happen.
The Defence strongly refuted the contention that Sudarshan is a "flight risk" and at this point even surrendered his current valid passport issued by Singapore.
'A recent compromise by the state government is accepting NEET exams for medical entrance.'
SEZs will help alleviate the infrastructure deficit in the country.
SEZs will help alleviate the infrastructure deficit in the country.
Analysts said even though the Indian economy is expected to slow down to 7.2 per cent in fiscal 2020, it is still the best bet for investment for foreign investors.
With average capacity utilisation now touching 76 per cent, Indian companies are going back to the drawing board to add capacity but the plans to build new factories and plants are still some months away.
Merck is all set to introduce three of its money-spinning drugs - Cosopt, Invanz and Pneuvax in India.
Readers Varun Parthasarathy sent us this image from Chicago.
It has been a year since the Reserve Bank of India (RBI) initiated prompt corrective action (PCA), an exercise that puts weak banks under central bank scrutiny, against the 94-year-old Lakshmi Vilas Bank (LVB). But recently, this low-profile Chennai-headquartered bank found itself attracting some unwonted publicity when 60 per cent of its shareholders voted against a proposal to re-appoint seven directors, including one of the promoters, K R Pradeep (who holds around 2 per cent), and the company's managing director & chief executive officer S Sundar.
With a view to boost the vibrant pharma industry in the state, Andhra Pradesh government plans to set up mini-pharma cities
Interrelations of India, Pakistan and Afghanistan on Thursday took centre stage at the Jaipur LitFest where panelists discussed the upswing in talks between Pakistan and Afghanistan besides India's ties with its neighbour.
The dreaded fringe benefit tax is unlikely to be withdrawn in the next year's Budget despite mounting pressure from the apex industry chambers.
The government on Monday said the tax revenue of VAT implementing states has shown an increase of 27.1 per cent during the first quarter of this fiscal year-on-year.
The CII delegation includes many eminent names.
According to reports, the very severe cyclonic storm, located over west-central and adjoining south Bay of Bengal, has weakened into a severe cyclonic storm.
Ramco solutions for Tirupati Devasthanam
The centre on Tuesday sought to allay fears that VAT will be inflationary and expressed confidence that the new tax system will be introduced by all the states from April 1.
The value-added tax system proposed to be introduced from April 1, 2005 replacing the sales tax system, would be fine-tuned over time to free it from distortions, advisor to the finance ministry Parthasarathi Shome said on Monday.
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