While China's arms imports accounted for nine per cent of the global defence sales, the same figure for India was seven per cent
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.
Airports levy charges such as FTC, infrastructure charge, and into-plane charges on sale of jet fuel. The levy is passed through to airlines, pushing up costs.
Sundram Fasteners is planning to grow the Chinese venture further expanding on its product range covering fasteners, bearing housings, machined castings.
The proposed merger would likely harm future competition
Gold, forex assets, IT sector, pharma. Devangshu Datta explains why each of these is a good hedge against market shocks at this time.
The Indian Nuclear Energy Pool, meant to insure risks from nuclear reactors, may take longer to be set up. While the idea of forming a pool was mooted earlier this year, it has reached a deadlock owing to differences among the stakeholders on certain clauses.
Infosys will be a strategic partner under Deutsche Bank's Supplier Partnership Programme.
Aircraft lease rentals are fixed costs and account for around 15 per cent of an airline's expense and since these are paid in dollars are also subject to currency fluctuations.
Airlines have to deal with high operating costs - fuel, taxation, airport charges - in a very competitive environment.
Without Google's Android operating system, Huawei may have to put off new launches.
'The world over, everybody is asking for the same medicines, same APIs, same KSMs.' 'However, there is just one supplier -- China -- for the entire world.'
We have our own problems for sure and they are not trivial, but for now, our economy is in not too bad a shape, our politics is as personality-driven and authoritarian as that of most countries in the world. We must make the best of what we have and not be excessively unhappy looking at the grass on the other side of the septic tank which may not be greener after all!, observes Shreekant Sambrani.
The recall will cover cars manufactured between 2008 to 2012 that use safety airbags made by its supplier Takata
Samsung announced a global recall of the device after reports that the handset can explode while charging
In what is seen as a significant move, the DAP featured measures to reduce delay in procurement of essential items by the three services as it proposed a new enabling provision to acquire them through capital budget under a simplified procedure in a time-bound manner.
Pakistan, India and Saudi Arabia were the leading buyers of weapons in 2006 while the United States was the topmost supplier of arms to the developing world, a Congressional study has revealed. The report said Russia and Britain followed the US.
On a full year basis, the airline made a loss of Rs 934.8 crore. The company has incurred a net loss during the current and previous year and, the its current liabilities exceeded its current assets
Major automobile manufacturers like Maruti Suzuki, Hyundai, Mahindra & Mahindra, Tata Motors and Toyota Kirloskar on Tuesday reported decline in domestic passenger vehicle sales in May compared to the previous month as a spike in COVID-19 cases and lockdowns across various states hit production and dispatches. The country's largest carmaker Maruti Suzuki India (MSI), which shut production from May 1 to May 16 so as to divert oxygen from industrial use for medical purposes, reported domestic dispatches to dealers at 35,293 units last month, down 75 per cent from 142,454 units in April. The company said sales of its mini cars, comprising Alto and S-Presso, declined by 81 per cent to 4,760 units in May as against 25,041 units in April this year.
Assistant Secretary of State for International Security and Non-Proliferation Thomas Countryman said.
Fund managers said investors remained positive on the pharma manufacturing activity in India, which further strengthened during the Covid-19 period, on account of restrictions imposed on pharma imports from China.
Mani Ratnam is experimenting with a real-life historical in Ponniyin Selvan, points out N Sathiya Moorthy.
The retail major will directly source more than $600 million worth of goods this year.
Will the low cost Israeli Athos gun scuttle India's ATAGS gun?
Estimated to cost $44 billion, the project was expected to be commissioned by 2025.
A stake sale of Reliance's real estate portfolio would help it raise anything between $1-5 billion and could be one of the triggers for the company's shares to break out.
'The huge amount of investments being made by telcos in India for telecom gear, there is no way this demand could be met only by Europeans.' 'The Chinese are quick in installation and offer great value for money.'
A long term solution to reduce India's Current Account Deficit will be to increase India's share of global merchandise exports, so that we are able use our exports to fund our imports, points out Chidambaran G Iyer, Senior Fellow, Pahle India Foundation.
India and the US signed a historic agreement to cooperate in civil nuclear energy sector in October 2008.
The move is expected to help Nokia expand its presence in the key US market.
The 'One-China' policy states that Taiwan and Tibet are part of China's mainland.
Gates, who is to attend the World Economic Forum's Annual Meeting, on Monday said there is reason to be optimistic than ever about the future progress using vaccines to give all children a healthy start to life.
The headline seasonally adjusted IHS Markit India Manufacturing Purchasing Managers' Index (PMI) fell to 27.4 in April, from 51.8 in March, reflecting the sharpest deterioration in business conditions across the sector since data collection began over 15 years ago. The index slipped into contraction mode, after remaining in the growth territory for 32 consecutive months. In PMI parlance, a print above 50 means expansion, while a score below that denotes contraction.
Hyundai Motor India expects its SUV range to gain further traction in the domestic market with demand for personal mobility gaining momentum post the second wave of COVID-19, according to a senior company official. The company, which already leads the SUV space with models like Venue, Creta, Tucson and recently launched Alcazar, is looking to maintain its lead in the segment which is growing with each passing month.
Petrol and diesel prices were on Wednesday hiked by 24-25 paise per litre, the steepest increase since July 5 Union Budget, as a fallout of turmoil in global oil markets following drone attacks on Saudi Arabian crude oil facilities.
The GST Council also decided that a committee of officers will be constituted to examine the simplification of forms for annual return and reconciliation statement.
The company has also issued a ban on all non-essential domestic and international business travel, and is encouraging employees who may have returned from international travel to work from home for 14 days.
The job cuts in Finland, Hungary and Mexico are said to be driven by the world's largest mobile phone maker's plans to move its device assembly units closer to the component suppliers in Asia.
His remarks without naming any country came against the backdrop of tension between India and Pakistan after New Delhi revoked Jammu and Kashmir's special status.
BS-VI emission norms and the COVID-19 lockdown impacted the dispatches.
