The warships will be armed with BrahMos supersonic cruise missiles which can reach targets 295 km away.
The S&P BSE Sensex surged 160 points to close at 25,262.
Deal with current owner Exide may be signed next week
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Allegations of a particular market player being favoured over others were flying thick and fast in the early days of the scam.
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Nearly 40 developers participating in HDFC Indian Homes Fair in London would showcase thousands of property.
The main concern among industry and market experts is that the governance in these companies needs to be strengthened and the focus on social insurance has to come down.
The Survey shows fiscal consolidation despite slowdown in growth.
The main reason was that CPI inflation would likely remain below 4 per cent till July.
Markets in green tracking firm global cues.
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Senior company officials said the funds would be used to expand its financial services business in rural India where the group would be opening more branches.
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Since April 1, promoters of Jaiprakash Associates have released more than 225 million Jaiprakash Power Ventures shares (valued at Rs 425 crore) pledged with lenders.
In the broader market, BSE Midcap and BSE Smallcap indices mirrored the gains in headline indices and rose 1% and 0.9% respectively.
Strategy being reworked to launch ETFs, revive Suuti; proceeds may be Rs 24k crore
HSBC maintained "overweight" rating on Indian equities, saying "fundamentals are strong".
The good news for the group has come from the port business.
The 30-share Sensex ended 53 points higher at 28,439 and the 50-share Nifty closed 18 points higher at 8,494.
BSE Mid-cap index ended lower by over 2.5% and BSE Small-cap index tumbled over 3%.
From Dabur to HUL, here are 10 stocks with significant rural exposure in the auto, agri-chemical and fast moving consumer goods sectors, which should see an uptick in sales growth.
Select metal stocks rebounded while power stocks extended losses after SC verdict on coal block allocations.
The panel was set up to suggest ways to reform India's monetary policy.
The New Year 2015, however, may see shares worth over Rs 50,000 crore (Rs 500 billion) being put on the table by the government, including by way of part-sale of its holdings in PSUs and its residual minority stakes in some private sector entities.
Caution prevailed across the bourses ahead of the Union Budget.
Urjit Patel as the new RBI governor whose focus is on taming inflation has lowered the probability of interest rate cut soon
'The IPO window has been more or less open since the new government in 2014.'
The S&P BSE Sensex plunged 301 points to close at 25,490 and the Nifty50 fell 86 points to end at 7,815.
Sensex was up 184 points at 25,580 and the Nifty added 71 points to end the day at 7,654
To check fiscal deficit, government needs to drastically cut Plan expenditure.
Adani Enterprises plans to invest a total of $25 billion in the next five years.
The broader markets underperformed benchmark indices as the BSE Mid-cap and Small-cap tumbled over 2%.
'National assets, created over the years through tax-payers's money, should not be handed over to business houses at throwaway prices.'
His father is a former finance minister. His brother is a minister in the Modi government. But Sumant Sinha wants nothing to do with politics and tells Shreya Jai why he is bullish on the renewable energy sector.
While office and mall properties enjoyed revival and saw some big PE deals, residential real estate was hit by double whammy - stagnating prices and demonetisation
The industry's reactions to the Budget have been mixed.
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The nomination of cluster heads for defence, infrastructure and finance business is awaited.
During his lifetime and after, Ambani aroused extreme responses in others.
Business reacted with caution to the reforms of 1991, and demanded protection from multinationals and imports. Twenty-five years later, traces of that demand can still be found, reports Bhupesh Bhandari.
China's economy is in transition, with rising wage costs and massive overcapacity.
Mr Rahul Gandhi himself has given seven different prices in different speeches with regard to the Rafale, that is the 2007 offer.
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