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Navy cancels Reliance Naval's Rs 2,500-cr NOPV contract

The Indian Navy has cancelled Reliance Naval and Engineering Ltd's (RNEL) Rs 2,500-crore naval offshore patrol vessels (NPOVs) contract, owing to delay in delivery of the vessels, according to......

Will defence ministry okay Anil Ambani's Reliance Naval?

Warship building projects worth at least Rs 630 billion have ground to a standstill.The defence ministry has halted tendering in wait for a government decision on whether to allow, or to exclude,......

Ensure all weapons trial are fair: Antony

Defence Minister A K Antony on Monday cautioned the three services chiefs to be 'transparent' in the process of weapon trials and procurement as he cleared proposals worth around Rs 6,000 crore for......

Coast Guard to get vessels to fight pollution

With three indigenous Pollution Control Vesselsset to be inducted in its fleet by 2008, the Indian Coast Guard will join a select group of maritime force of nations that have special ships to......

Mehul Choksi's firm, others owe Rs 37,020 crore to PNB

All these companies were provided loans by PNB as part of consortium lending. Winsome Diamond & Jewellery, Gitanjali Gems and ABG Shipyard are among the big wilful defaulters who together owe more......

LIC's gross NPA ratio in debt portfolio rises to 7.5% in Dec

In absolute terms, the outstanding book value of NPAs of LIC in the debt portfolio across life, pension and unit-linked funds is to the tune of Rs 32,685.39 crore at the end of December 2019. The......

The UK businessman saving Indian companies from insolvency

Sanjeev Gupta of Liberty House, a global supplier of metals and engineering solutions, who has emerged front-runner for a number of stressed companies, plans to fund a string of companies through a......

'Banks to recover 48% from NPA accounts in RBI list'

The haircut for major banks stands at 52 per cent, if the dues of Jaypee Infrastructure, Lanco Infrastructure and Era Infrastructure are kept out of the calculation. Illustration: Uttam......

Some of India's top firms face debt trap

Lanco Infratech is missing from the list as it is yet to declare its consolidated results for FY16 India’s top 10 business houses are the biggest borrowers from banks but it’s the next......

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