The department of investment and public asset management is racing against time to launch the LIC IPO, which could become the largest-ever listing on the Indian bourses. This would lead to some delay in the strategic divestment of IDBI Bank.
With the Russia-Ukraine war roiling financial markets globally, the government may defer the mega IPO of LIC and wait for an opportune time to get the maximum value of its holding in the state-owned insurance behemoth, sources said. "It's a full blown war now so we will have to assess the situation for going ahead with the LIC IPO," a government source said. Finance Minister Nirmala Sitharaman, too, had indicated review of the IPO in view of the evolving geopolitical situation.
Only a few thousand chargers dot the Indian landscape, some in working condition, others not, with some held hostage to the power supply vagaries of local utilities, reports S Dinakar.
China, the Ukraine crisis and Quad will dominate the discussions, observes Dr Rajaram Panda.
The World War I had been triggered by an assassination in then relatively unknown Serbia.
Much to the surprise of Beijing, Nepal's Parliament on Sunday ratified the contentious US-funded $500 million Millennium Challenge Corporation compact along with an interpretive declaration a day ahead of the February 28 deadline set by Washington.
Thousands of people on Wednesday queued up outside Singapore's Parliament House to have a glimpse of the country's founding father Lee Kuan Yew lying in state as his casket was taken there for public viewing.
The share of public sector undertakings (PSUs) in the total market capitalisation of listed companies--at an all-time low of 10 per cent currently --- may get a leg-up from the government's divestment push. Recently the government announced the successful sale of national carrier Air India to Tata Sons, India's first privatisation of a PSU since 2002-03. The transaction is expected to be completed by December.
"We have long witnessed unfortunate attempts to employ force to change the status quo at our unresolved borders", Singh said at the inaugural ceremony of Aero India-2021, the country's premier Defence and aerospace show, at Yelahanka Air Force Station in Bengaluru.
The Global Hawk can carry out surveillance of a stretch of land or ocean for over 30 hours continuously, physically scanning up to 100,000 sq km each day.
The Rafales could begin combat operations by September-October, reports Ajai Shukla.
The president and First Lady Melania Trump will travel to New Delhi and Ahmedabad during the visit.
An overwhelming majority of Indians (84 per cent) feel it is safe to return to their workplaces, according to a Deloitte survey that suggests consumers in India are showing a positive spending intent and brighter outlook towards the future. The latest monthly analysis (wave 220) of Deloitte's Global State of the Consumer Tracker, signals a cautious consumption revival in the country, aided by the decreasing number of Covid-19 cases and an improved vaccination drive. The Global State of the Consumer Tracker is an online survey based on responses from 1,000 people each in 18 countries including India.
We do not know, because there has been no discussion, no transparency and most likely no real thinking on this matter at our end, observes Aakar Patel.
The dividends for the economy from such a rapid rise in capital expenditure would be huge, observes A K Bhattacharya.
Capable of flying at Mach 2.5 (two-and-a-half times the speed of sound), the F-15EX is the world's fastest fighter aircraft. It carries 13.5 tonnes of weapons load, more than the Rafale or the Sukhoi-30MKI.
This is causing a shortfall of critical ammunition within the army at a time when the MoD is making emergency purchases from the global arms market to cater for a possible clash with China.
The ministry said 24.44 per cent of the total active cases in the country have been reported from 10 districts including Bengaluru Urban, Pune, Delhi, Ernakulam, Nagpur, Ahmedabad, Thrissur, Jaipur, Kozhikode and Mumbai.
Unfazed by the Supreme Court upholding winding up of the company, shareholders of Devas Multimedia will continue to seek seizure of Indian government assets abroad to collect $1.2 billion the firm has been awarded by arbitration tribunals for cancellation of a satellite deal but are open for talks to settle the issue, their counsel said. "The decision by the Supreme Court does not change anything. The Modi government and the Indian courts cannot rewrite the facts. "Their flimsy allegations of fraud will never stand up in courts outside of India," said Matthew D McGill, partner at Gibson, Dunn & Crutcher, and lead counsel for several Devas' shareholders.
The market could be influenced by events elsewhere in the world and regardless of what happens to India's economy
Adani group on Tuesday said it has taken over the management of Mumbai International airport from the GVK group. The group last August had announced that it would acquire GVK Group's stake in Mumbai airport. Adani group will have 74 per cent stake in Mumbai's Chhatrapati Shivaji Maharaj International Airport, post the stake purchase transaction, with 50.5 per cent being bought from GVK group and 23.5 per cent from minority partners including Airports Company South Africa (ACSA), and Bidvest Group, it had said.
The Xi Jinping regime might try to quell internal distress by directing nationalism and militarism against India, warn Ajay Shah and Gautam Bambawale.
India's electric mobility goal, which has so far been riding on two wheels, is all set to graduate to four wheels. At least, the journey has begun. Hyundai Motor India said it would invest Rs 4,000 crore till 2028 to launch half-a-dozen electric vehicles (EVs) in India. It would eventually straddle premium and mass segments. The first of these - the electrified version of an internal combustion engine (ICE)-powered model - will go on sale as early as next year.
This was good enough for Fernandes to hire Chandilya to lead his India business.
India abstained from a procedural vote taken in the United Nations Security Council to call for a rare special emergency session of the UN General Assembly on Russia's aggression against Ukraine, even as New Delhi welcomed Moscow and Kyiv's decision to hold talks at the Belarus border.
'The crisis has strengthened America's resolve to work towards building its relationship with India as a bulwark against Chinese aggression'
Serving pilots question the Kozhikode plane crash report findings.
In 2017, a consortium led by Russian state oil company Rosneft agreed to buy Essar Oil for $12.9 billion in India's biggest foreign acquisition of a homegrown company. Rosneft's buyout of Essar's assets was meant to herald a wave of energy investments in India - over six decades after Esso, Caltex and Shell invested in India's refining sector in the 1950s. But the government has tripped up in its efforts to sell Bharat Petroleum Corporation Ltd (BPCL), formerly Burmah Shell, a blue chip public sector company. Bidders include a couple of global funds and resources firm Vedanta.
The Congress on Friday questioned the silence of the government on the veracity of a video which purportedly shows injured Indian soldiers in captivity of the Chinese and said if it is genuine, then Prime Minister Narendra Modi must ensure that China is held globally accountable for indulging in war crimes.
Whether it liked it or not, the Ukraine crisis forced India to choose between the aggressor Russia and the US-led free world, a decision it hated to make, Virendra Kapoor points out. In the end, it abstained from the vote in the Security Council.
India's largest carrier IndiGo will cut 20 per cent of its flights due to lower demand as a rapidly spreading coronavirus upends the recovery of air travel. The airline was operating around 1,200 flights as on Saturday. Other airlines are being forced to cancel flights as states tighten restrictions to combat the spread of the virus, and people are dropping last-minute travel plans. Airlines carried 2,518 passengers on 260,251 flights on Saturday, compared to 2,794 passengers on 358,856 flights the day before.
Evidence indicates that restoration of functioning of the education system as it was in pre-Covid times, as early as possible appears prudent in the current Indian context, they said.
The United States, which is the largest seller of high-tech defence equipment globally, has a strong end-user monitoring agreement, and as a matter of practice takes all allegations of misuse of defence articles very seriously.
The BCCI, along with its medical service provider VPS Healthcare, will facilitate the conduct of over 30,000 RT-PCR tests on all IPL players, support staff and other stakeholders during the remaining 31 games of the cash-rich league in the UAE.
'India enjoys the maneuverability of a coming big power.' 'It is this possibility that has persuaded Moscow to humour India and stayed Washington from getting punitive about India's neutrality on the Ukraine issue.'
'Supplies should start moving to the Serum Institute without any impediments.'
The paper also includes musing that SARS -- which hit China in 2003 -- could have been a man-made bioweapon deliberately unleashed by "terrorists".
Dr Bhabha and Dr Sarabhai didn't feel guilty for their ambitions; it was for those 'mad scientists' that India is a powerhouse -- both at the atomic level and in the vastness of space, observes Kumar Abishek.
'If you behave like a nail, the adversary will behave like a hammer.'
Developed countries are relaxing restrictions on economic activity at a faster rate than expected. Global demand for consumer goods, intermediates and commodities is growing at a fast pace. Most exporters are flushed with orders, says T N C Rajagopalan.
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