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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......

Bad loans of state banks = defence + education + roads + health spends

The crisis in Indian banking has now reached a point where the NPAs of many public-sector banks are higher than their net worth If the unpaid loans made by India’s public-sector banks were......

Shipbuilding: Reinstate modified subsidy

 Indian shipbuilding industry is a minor player with an early single digit market share in the global shipbuilding market. Given the fact of excess capacity in the global ship building market......

5 stocks that stand to gain from Budget proposals

As large companies stole headlines after Budget proposals being positive for many, smaller ones went unnoticed. But if markets are right, many of the smaller companies are worth considering as they......

Navy helps public sector shipyards beat slowdown

For a change, government-owned companies are doing better than their private sector counterparts. In an otherwise bleak operating environment for shipbuilders, state-owned shipyards such as Mazagon......

RBI cracks whip on loan recast

The Reserve Bank of India has proposed a steep rise in the provisioning requirement for loan restructuring - to 5 per cent from April 1, against 2.75 per cent at present.The new norms would be......

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