Go First's lenders have agreed in principle to support the airline's request for Rs 400 crore interim funding to restart its operations. The airline temporarily halted operations on May 2, and its insolvency plea was admitted by the National Company Law Tribunal (NCLT) on May 10. On Wednesday, the airline's resolution professional Shailendra Ajmera submitted a business plan and a request for over Rs 400 crore funding to airline's committee of creditors (CoC).
'He is such a big defence expert that he alone decided that the Rafale aircraft will be manufactured by a company that has never built one ever'
Several CII defence committee members confirm this is now the official CII position, which conforms to that of industry bodies, Ficci and Assocham.
The defence ministry on Friday scrapped a scam-tainted tender worth over Rs 6,000 crore to procure 197 light helicopters from foreign vendors and decided to allow indigenous players to manufacture these choppers for the armed forces.
'Business families like the Godrej group are increasingly realising that an amicable settlement is better.' 'Else, the wealth of all shareholders gets destroyed.'
One hopes in his next term, Narendra Modi will take up the mission of inculcating respect for following rules in Indians as a mission. Therein lies the chance for India to become a developed country, asserts Colonel Anil A Athale (retd).
Although the BJP has never been ballistic about the BJD and Narendra Modi has avoided being critical of Naveen Patnaik, the BJP is optimistic that the party can improve its electoral fortunes in Odisha on its own, notes Rup Narayan Das.
Media reports said a South African arms manufacturer had paid commission on Indian defence deals.
The foremost lesson is that technology has got commoditised.
India does not have the facilities needed for developing advanced aerospace products. There is only one wind tunnel in the country, the almost six decade old one in the National Aeronautics Laboratory.
Rolta India is planning to set up a sensor manufacturing plant even as it aims to touch the Rs 1,000 crore (Rs 10 billion) turnover mark by the end of financial year 2007-08.
10 non-bank and non-finance stocks from the BSE500 Index universe that offer an optimal blend of low valuation, reasonably robust revenue and earnings growth in recent quarters, a strong balance sheet, and most importantly, positive cash flow from their operations.
Expected to offer Gripen NG fighter aircraft or a possible joint collaboration in manufacturing single engine light combat planes.
Now, in the case of subsidised R&D, private companies hope that MoD audit requirements will make it mandatory to test the products that they develop.
The ministry of defence has cleared the names of eight private companies for the manufacture of spares and parts needed for the combined forces, Joint Secretary of Department of Defence production and supplies, Alok Perti, said.
The Defence Acquisition Council on Wednesday approved proposals worth Rs 4,444 crore, including the purchase of four helicopters for survey vessels at Rs 2,324 crore, but deferred a decision on a joint bid of Tata Sons Ltd and Airbus for replacing IAF's Avro transport fleet.
'The Chinese being focussed more seawards is definitely better for India with China being the looming threat along our land borders,' says Brigadier S K Chatterji (retd).
Powerful senators write to US Defense Secretary Hagel to support a robust defence relationship with India to achieve shared goals and form an unwavering bond between the world's two largest democracies. Aziz Haniffa in Washington, DC
There were speculations that the venue for the mega event may be shifted.
US Defence Secretary Ashton Carter will sign a fresh 10-year defence framework agreement with India on Wednesday
India's lunar mission Chandrayaan-3 holds immense potential for gathering critical data and will significantly contribute to the understanding of the Moon, a former top National Aeronautics and Space Administration (NASA) official has said, describing India-United States space partnership further moving to the moon.
Will private firms really boost Make in India in the defence sector? Ajai Shukla seeks answers.
EAM Jaishankar's mission is aimed at strengthening India's strategic autonomy in a complex international environment, observes Ambassador M K Bhadrakumar.
The change of heart in the US and India was propelled by the increased threat of China to both countries, explains Ambassador T P Sreenivasan.
Richest Indian Gautam Adani-led group's flagship firm on Wednesday filed an offer letter with stock exchanges for a proposed Rs 20,000 crore follow-on public offer (FPO). The FPO of Adani Enterprises Ltd (AEL) is planned to open on January 27 and close on January 31, according to the offer letter. Of the Rs 20,000 crore proceeds of the FPO, Rs 10,869 crore will be used for green hydrogen projects, work at the existing airports and construction of a greenfield expressway.
The strategic pacts were inked after the summit between Prime Minister Narendra Modi and his Japanese counterpart Shinzo Abe during which they also discussed international and regional issues of mutual importance including UN security reforms.
Stocks of public sector undertakings (PSUs) have been on fire in the past year as investors cheered an improvement in key operating metrics and embraced counters of these state-owned enterprises, analysts suggest. The S&P BSE PSU Index has gained over 90 per cent in the past year, rising much higher than the S&P BSE Sensex, which has rose nearly 19 per cent during this period, according to ACE Equity data. The BSE PSU Index, reports show, has delivered a compound annual growth rate (CAGR) of 28 per cent (including dividends reinvestments) over five years and risen by almost 60 per cent in the past year.
India's economy grew 6.1 per cent in the fourth quarter of 2022-23, pushing up the annual growth rate to 7.2 per cent, official data showed on Wednesday.
While Pakistan enjoys rough parity with India in legacy weapon systems, it is beginning to enjoy superiority in drone warfare, thanks to the RPVs supplied by China, explains Ajai Shukla.
'At 1.58% of GDP, the defence budget is one of the lowest since the Chinese aggression of 1962.' 'The government of the day has lost sight of the fact that defence of the country is as important as its growth,' says Brigadier S K Chatterji (retd).
Larsen & Toubro (L&T) will aim to invest $3-4 billion in green hydrogen projects, along with its joint venture (JV) partners, said a senior executive from the company. These investments are planned over three to five years, depending on cost economics. The engineering conglomerate is also in talks to acquire the Nuclear Power Corporation of India's (NPCIL's) share in one of its forging JV companies for a consideration of Rs. 100-150 crore. "We are considering investments worth $3-$4 billion in the green hydrogen space, in collaboration with partners," said S N Subrahmanyan, chief executive officer and managing director of the company.
The defence ministry on Tuesday approved the procurement of military equipment and weapons worth Rs 28,000 crore that included swarm drones, carbines and bulletproof jackets.
Jaishankar arrived in Maputo from Uganda where he held talks with the country's top leadership, including President Yoweri Museveni, and discussed possible cooperation in the areas of trade, infrastructure, energy and defence.
It is the first mega exercise involving the two aircraft carriers after induction of the indigenously-built INS Vikrant in September.
A day after taking charge as Defence Minister, Manohar Parrikar on Monday said he would focus on "targeted completion" of works to strengthen the armed forces.
Many big countries are facing difficulties in doing so for their citizens, Modi said.
The issues around trade gaps, especially around steel and aluminium tariffs imposed by the US, will be addressed separately.
Full liberalisation of the defence industry is necessary for both combat-readiness and security of long-term supplies, says Nitin Pai.
The talks between Singh and Esper came a day after Prime Minister Narendra Modi held a telephonic conversation with US President Donald Trump.
Sixteen aircraft will be delivered in a flyaway condition by the Airbus Defence and Space of Spain within 48 months of signing the contract while the remaining 40 planes will be manufactured in India, according to the defence ministry.
