Govt to play enabler not handler, India never had more decisive government: PM Modi Prime Minister Narendra Modi on Monday cited his dispensation's push for wide-ranging reforms, including the privatisation of Air India, to assert that the country never had a more "decisive government". Launching the Indian Space Association (ISpA), an industry body aspiring to be the voice of the country's space sector, Modi noted that fields like mining, coal, defence and space have been opened to private players, and said his government's clear policy about public sector enterprises is to open those to private industry where its presence is not required. While opening a host of sectors, the government has built a regulatory environment in which priority has been given to national interest as well as the interests of different stakeholders, he said.
Changes have been made in several indices including Nifty 500, Nifty 200, Nifty 100, Nifty Midcap 150, Nifty Smallcap 250 and host of sectoral indices including FMCG, IT, media, pharma, commodities and services sector.
England have the chance to reach a first major final since their 1966 World Cup triumph when they take on Denmark at Wembley in Wednesday's Euro 2020 semi-final, but they will need to banish a history of stumbling at this stage.
Chairman A M Naik said H2 of 2020-21 will herald better economic and business activity in terms of tendering, good liquidity, as well as revival of labour and supply chains.
Has the army confronted China, equipping itself with emergency purchases that have been largely paid for by pensioners, asks Ajai Shukla.
Mobility company Ola's chief financial officer Swayam Saurabh and chief operating officer Gaurav Porwal are leaving the company. These developments come at a time when the SoftBank-backed company's core ride-hailing unit is planning to go public and for which it raised $500 million from Warburg Pincus and Temasek in July this year. These investment firms had partnered with the company founder Bhavish Aggarwal for this round.
Building 6 conventional submarines is one of the Indian Navy's most important weapon construction programmes.
PowerGrid was the top gainer in the Sensex pack, spurting 2.76 per cent, followed by NTPC, M&M, L&T, Hindustan Unilever, HDFC, and Infosys.
DRDO's Air Independent Propulsion system will allow Indian Navy submarines to operate for up to two weeks without having to surface to recharge its batteries.
Kane Williamson suffered an "inflamed AC joint in his left shoulder" while fielding in a Twenty20 match against India last week and will miss Wednesday's match in Hamilton and Saturday's clash in Auckland, New Zealand Cricket said on Tuesday.
New Zealand opening batsman Martin Guptill has been dropped for the Test series against Pakistan and the uncapped Jeet Raval is poised to make his debut.
Batsman Neil Broom has also been offered a contract after he was recalled to the national side following a lengthy absence to replace Ross Taylor while he recovered from eye surgery.
Infrastructure firm Larsen and Toubro on Thursday said it would form a joint venture company with the South Africa-based Befula Investments to explore opportunities in the power sector in the African nation.
he 30-share Sensex ended at 20,062 down 49 points or 0.25% and the 50-share Nifty ended at 6,095 down by 20 points or 0.32%.
News of all that's transpired on and off the football field.
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
South African-born batsman Devon Conway and left-arm spinner Ajaz Patel also received their first central contracts, NZC said in a statement
The first consortium includes Afcons Infrastructure, IRCON International and JMC Projects, while the second group of companies include NCC, Tata Projects and J. Kumar Infra Projects.
All-rounder James Neesham has returned to the New Zealand Test squad for their three-Test tour of India.
Glenn Phillips and Todd Astle are in line to make their ODI debut after being among the six players added to the New Zealand squad for the three-match series against India, beginning in Mumbai on October 22.
New Zealand, on Monday, recalled temperamental all-rounder Corey Anderson for the five-match ODI series against India next month and he will play as a specialist batsman.
The deal size and project completion deadline were not disclosed in the announcement, but people in the know have pegged the deal at over Rs 6,000 crore, reports Aneesh Phadnis.
'The F-21's capabilities far exceed all other torpedoes currently in service.'
After the hit of the pandemic, India Inc is now worried about the adverse impact of inflation and higher commodity prices on their revenues and margins. The inflation scare is the strongest among manufacturers of consumer goods such as automobiles, consumer durables, and fast-moving capital goods (FMCG). Companies across sectors fear they will not be able to pass on the hike in input costs to their consumers due to weak demand, which, in turn, would lead to a hit on margins and profitability in the forthcoming quarters.
Completed projects saw an improvement of 29.2 per cent over the June quarter, which is valued at Rs 0.31 trillion.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
'Our automakers export 50 per cent of what they manufacture and once the policy comes into play, which is in the next 2-3 years, we would become a Rs 10 trillion industry.'
Rediff readers shared these pictures of the Shore temple in Tamil Nadu.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The growth was led by family-owned companies and business groups with presence in pharmaceuticals, information technology services, and consumer products.
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.
All-rounder Corey Anderson has been ruled out of New Zealand's tour of Australia with a back injury and been replaced by Mitchell Santner, the team said on Monday.
New Zealand's fast bowling department has been hit hard by injuries as Matt Henry, Doug Bracewell and Adam Milne have also been sidelined.
The faith that Martin Guptill will eventually transfer his limited-overs mastery into the Test arena has granted the embattled opener yet another reprieve but the patience of New Zealand's truest believers may finally be wearing thin.
Investors became richer by over Rs 6.34 lakh crore on Monday as markets gave a big shout-out to the Budget 2021-22, which analysts termed as 'unprecedented' against the backdrop of the pandemic-induced slowdown. Cheering the Budget proposals, the BSE benchmark Sensex zoomed 2,314.84 points or 5 per cent to close at 48,600.61. During the day, it jumped 2,478.63 points to 48,764.40. This was the best Budget-day gain for the markets since 1997, analysts said. Following the extremely positive market sentiment, the market capitalisation of BSE-listed companies rallied Rs 6,34,069.67 crore to Rs 1,92,46,713.70 crore.
Neesham replaced Doug Bracewell in the team while leg-spinner Ish Sodhi made way for Astle.
The 'request for proposal' for the indigenous construction of the six submarines will be issued soon, they added.
DRDO is offering a 30-35-tonne light tank that it says will be a match for what the army faces -- China's new Type-15 light tank.
Investment in market leaders with a safety-first approach could yield reasonable returns across sectors.
The first show of the season showcased collections from five new designers.
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