On February 19, India's largest private low-fare airline IndiGo announced the resignation of one of the two founders, Rakesh Gangwal, from the airline's board and his intentions of offloading his stake in the airline over the next five years. The announcement came on a Friday, giving the stock markets the weekend to absorb the news but the markets registered a tepid response on Monday's opening. In contrast, in July 2019, when the fight between the two founders and erstwhile friends first became public, the markets reacted savagely. The IndiGo scrip at the time fell 19 per cent, wiping out millions of rupees of shareholder wealth before bouncing back. For readers who may be hazy on the details of the dispute, here is the context.
Contradicting statements have been made about who really blew up the Pakistan terror boat
Japanese Prime Minister Shinzo Abe said for the first time on Monday that the Tokyo Olympic Games may need to be postponed if the event cannot be held in its 'complete form' due to the coronavirus pandemic. Abe said that while cancelling the Games was not an option, a delay was now on the cards if that was the only way to hold the event in its complete form.
A total of 27,920 people have been cured of the disease with 1,685 in the last 24 hours, taking the recovery rate to 34.06 per cent, the ministry said.
The Union ministry of shipping along with other government agencies is stepping up efforts for the release of 39 Indian sailors who have been held captive by Somali pirates, Union Minister G K Vasan said on Tuesday.
In a midnight operation in the high seas, a Pakistani fishing boat said to be carrying explosives was intercepted by the Indian Coast Guard off the coast of Gujarat, but the vessel exploded and caught fire before sinking along with 4 occupants.
Home Minister Rajnath Singh on Thursday said all tourists at Havelock Island in the Andamans are safe and efforts are on for their early evacuation.
The decommissioned aircraft carrier of the Indian Navy, INS Vikrant, which played an important role in the 1971 Indo-Pak war, has been sold for Rs 60 crore.
Yuri Alemao, Altone D'costa and advocate Carlos Alvares Ferreira, the three Congress MLAs who didn't join the eight of their former party men in jumping ship speak up about their decisions and their motivations to stay with the 137-year-old Congress.
Union Minister for Shipping G K Vasan on Saturday said the government was committed to safely bring back the 39 seafarers, held captive by Somalian pirates.
'I stand here as a helpless father.' A retired soldier awaits the release of his son languishing in a Kenyan prison.
With the induction of these four systems, the underwater surveillance capability of the Indian Navy will get a boost, besides providing a fillip to the quest for self-reliance in this critical area of technology.
A Taiwanese warship on Friday "mistakenly" fired a supersonic "anti-ship missile" towards China as it celebrated 95th anniversary of the ruling Communist Party amid assertions by President Xi Jinping ruling out independence for Taiwan.
Each port will construct one smart city.
India is believed to have challenged in a court in The Hague an arbitration tribunal verdict that overturned its demand for Rs 10,247 crore in back taxes from Cairn Energy Plc -- the second time in three months that it has refused to accept an international award against retrospective tax.
There is a deep-seated sense of rejection that the new generation Tamil youth have felt for a decade and more now, observes N Sathiya Moorthy.
With 53 Indian sailors still held captive by Somali pirates, India on Thursday said the safety and security of Indians remains the priority of government and efforts were on to seek their safe release. With the release of the RAK Afrikana, held by Somali pirates with 11 Indian sailors among its crew, the number of Indian sailors held by Somali pirates is now 53 who were captured during the hijacking of five ships.
The government on Monday budgeted Rs 1.75 lakh crore from stake sale in public sector companies and financial institutions, including 2 PSU banks and one general insurance company, in the next fiscal year beginning April 1. The amount is lower than the record Rs 2.10 lakh crore which was budgeted to be raised from CPSE disinvestment in the current fiscal year. However, the COVID-19 pandemic impacted the government's CPSE stake sale programme, and the target has been lowered to Rs 32,000 crore in the Revised Estimates.
The Long Range Surface to Air Missile jointly being developed by India and Israel is an answer to potential threats from Pakistan's anti-ship missile.
The United States has made it clear to India that it is "discouraging" it from proceeding with its acquisition of S-400 missile defence systems from Russia but Washington will have to weigh "important geostrategic considerations" while taking a decision on growing calls for a presidential CAATSA waiver to New Delhi, President Joe Biden's nominee for Coordinator for Sanctions Policy has told lawmakers.
The final decision was supposed to be taken this month, however, it has been postponed.
Around 1,350 Indians have been evacuated from Yemen and efforts are on to rescue over 2,000 others from various parts of the strife-torn country where situation has deteriorated significantly due to escalation in fighting between warring groups.
A large number of American companies like Google, Uber and IBM are offering their resources to help India successfully fight the battle against the deadly coronavirus pandemic.
All the five have been isolated in Pathnamathitta general hospital and are under observation. Their tests were confirmed on Saturday night.
China's state-run Sichuan Airlines has suspended all its cargo flights to India for 15 days, causing major disruption to private traders' efforts to procure the much-needed oxygen concentrators and other medical supplies from the country despite Beijing reiterating its readiness to help India to deal with the latest surge of COVID-19 cases.
The biggest procurement green-lighted was the Rs 217 billion purchase of 111 naval utility helicopters.
Both the Independent legislators were absent on the first day of the session.
Fifteen ships belonging to both the Coast Guard and the Indian Navy are a part of the search mission, in addition to the advanced Boeing Poseidon P81 surveillance aircraft.
An online system generates import-export code.
According to data released by the commerce and industry ministry, exports stood at $25.01 billion in the month. The fall is only the second time exports contracted in the past year.
The suspension will come into effect from 1200 GMT on March 13 at the port of departure. The decision was taken at the meeting of group of ministers held under the chairmanship of Health Minister Harsh Vardhan.
The military is mobilising to play a central role in holding patients exposed to the coronavirus.
India accused the two Italian marines on board the MV Enrica Lexie, an Italian flagged oil tanker, of shooting dead two Indian fishermen off the Kerala coast on February 15, 2012.
'If the mandis were not working in Delhi, or the onion market in Nashik got affected, or there were disruptions because of unloading or loading in any sector in south India, we intervened.'
Road builders have been asking for one to resolve various contract disputes and renegotiate others.
An Italian delegation, including officials from their Legal and foreign ministries, arrived in New Delhi on Sunday and met Indian officials in connection with the killing of two Indian fishermen by the guards on board an Italian ship.
In the third reshuffle since coming to power, Prime Minister Modi raised the strength of his Council of Ministers from 73 to 76.
Hellenic Olympic Committee President Spyros Capralos told reporters a meeting had been held with a Greek health risk management company to be ready 'in case anything happens'.
Vietnam, which is involved in a territorial dispute with China, is keen to get it hands on the supersonic missiles that can be fired on land, water and under water.
