The collapse of Jet Airways has everything to do with the falling number of wide-bodied aircraft.
In his monthly Mann Ki Baat radio broadcast, Modi hailed the potential of India and said the basis of its strength is the country's farmers, artisans, weavers, engineers, small entrepreneurs, the MSME sector and people from many different professions."
The Tejas Mark 1A outperforms the Sino-Pakistan JF-17 Thunder in avionics and weaponry, but the finance ministry's tax burden makes the Indian LCA costlier and hurts it in the export market.
Prime Minister Narendra Modi on Sunday called for the setting up of a high-power police technology mission under the leadership of the Union home minister to adopt future technologies for grassroot policing requirements.
Great Eastern Shipping Company Ltd decided not to pursue divestment programme of the government to divest Shipping Corporation of India Shares.
Scott Bayman cited Indian Airlines' and Air India's purchase of Airbus and Boeing aircraft, respectively, as prime examples of this growing transparency.
Foreign portfolio investors (FPIs) who invest from Mauritius into Indian companies that dole out bonus debentures will get impacted by the tax avoidance provisions on bonus stripping. The FY23 Budget has extended these provisions - applicable only to MFs, so far - to shares and units of REITs, InvITs and AIFs. The move will especially affect large institutional investors who sell original units within nine months after the record date because the loss arising from sale of original units would have to be ignored for the purposes of computing taxable income and cannot be set off against any other capital gain.
According to a senior government official, the plan is to do "collective bargaining" for certain medical devices and implants by assuring a bulk requirement to the manufacturers. "The requirement for these devices runs into millions. We assure them that the requirement is going to be in bulk. In return, they should offer us better rates," he said.
Diversified conglomerate General Electric has posted a 47 per cent decline in profit for the second quarter at $2.67 billion, as the global financial turmoil took a severe toll on the firm's financial and other business.
Customers are conscious about prices but they don't want to compromise on quality, according to GE's main man John Flannery. Faisal Kidwai reports
The development comes amid a growing clamour for the boycott of Chinese products in India, combined with the government's push for Aatmanirbhar Bharat.
The centre in Riyadh will be staffed by Saudi females and will start by catering to Saudi Aramco and GE as anchor clients.
N Chandrasekaran, managing director and chief executive officer of Tata Consultancy Services, has consistently said he wishes to take the company beyond mature economies such as America and Europe, into emerging markets.
In a recently published report the New York Daily News said that mega American companies like Microsoft Corp, General Electric and American Express are moving thousands of customer service call-centre jobs to India.\n\n\n\n
PM also invited US-based GE and other global firms to invest in the defence sector.
Siemens Healthineers, one of the largest manufacturers of made-in-India CT scanners, has sold 80-100 such machines in the last 45 days. The medical technology firm typically sells 250 machines in a year.
London hopes to convince New Delhi's naval planners to power India's second indigenous aircraft carrier with the Queen Elizabeth's integrated all-electric propulsion system.
Chief of Defence Staff Gen Bipin Rawat, his wife Madhulika Rawat and 11 others were killed when an Indian Air Force helicopter carrying them crashed on Wednesday near Coonoor in Tamil Nadu in apparently foggy conditions, killing 13 people on board, the IAF and other officials said.
A spokesperson attached to GE's Jack Welch Research Center in Bangalore said after the new people join, employee numbers in Bangalore would cross the 4,500-mark. GE's technology product research and development team is currently 3,800-people strong, with an additional 350 people employed in global research.
GE and Malaysia Airlines have said they are continuing their existing contracts with Satyam. In the newly constituted board's first meeting, Deepak Parekh had said two of Satyam's global clients have vouched for the firm but declined to give further details. Meanwhile, over half a dozen of Satyam Computer's rivals have started exploring ways to take over the business from its various clients, a global technology consultancy firm has said.
"Now the gof India has decided to soon initiate procurement from local industries to reduce import dependence," he said. Reddy, the Union Minister of State for Home, said for many years India was dependent on worldwide Original Equipment Manufacturers (OEMs) for procuring arms and ammunition.
The department found various expatriates were acting as business heads for Indian operations and certain employees were actively involved in concluding sales for the foreign entities of GE in India.
The apex court has settled the long-pending dispute between companies such as Samsung, IBM, HP & others and the tax department.
'Prime Minister Modi has initiated a host of reforms in the right direction, and I would like to see that continuing.'
GE India's new president & CEO, John Flannery, plans to resurrect the company's fortunes by localising operations.
'Wherever in the world there is political instability, those countries are beset with severe crises today. But India is in a much better position than the rest of the world due to the decisions taken by my government in the national interest,' President Droupadi Murmu said in her address to both Houses of Parliament.
Kumar will succeed Dinesh Keskar, who returned to Boeing Commercial Airplanes earlier this year.
In an exclusive interview to NDTV, Jeffrey Immelt, CEO of the $180-billion American giant GE, says he is paranoid and is gearing up for any eventuality.
With a potential liability of Rs 750-800 crore, sources say Clix Capital's stand on the matter would be crucial in finalising the merger valuation.
Most successful and ambitious business leaders feel persuaded that they have no competent successor, says R G Vilakudi.
The company which had reported a sales of $2.8 billion (last reported figure) in 2007, however said it remained confident about the growth opportunities in India in the medium to long-term, owing to huge spending that is expected to happen in the infrastructure development.
Ashish Narsale/Rediff.com brings you amazing gadgets and mobile devices from CES 2022.
Pakistan has launched new terror outfits staffed by cadres of the dreaded Lashkar-e-Tayiba and Jaish-e-Mohammed under 'local names' to mislead the world that it has nothing to do with the terrorism prevalent in Jammu and Kashmir, Director General of Police (DGP) of the union territory Dilbag Singh said.
Day 1 saw Microsoft make the highest number of offers while Intel emerged as one of the top recruiters on Day 2.
The policy proposes a single-window platform for facilitation of the Indian software product industry, to help fast-track legal and regulatory issues over import and export, as well as setting up and winding up enterprises.
Tejpreet Chopra, former chief executive of GE India, and Rahul Sankhe, business development director of SunEdison Energy India Private Ltd, criticised certain aspects of the Jawaharlal Nehru National Solar Mission that ambitiously targets 20,000 MW of solar energy in India by 2022 in three phases.
