Naresh Goyal-owned group companies, including the airline's general sales agent in India and abroad, and a car rental firm, are among those who have filed claims.
This would provide a major boost to the indigenous design and construction capability of submarines in India.
The government is planning to liberalise the terms and conditions for the sale of the national carrier. The Centre is still pursuing the option of selling the airline's subsidiaries before the airline itself, in order to deal with an outstanding debt of around Rs 27,000 crore.
The new government may also introduce a separate scheme for revival of stranded gas-based power projects
Fujifilm leaps ahead of mirrorless camera competition by launching its GFX 100, a 102MP medium format CMOS sensor camera and two new Fujinon large format cinema zoom lenses named the Premista series.
Sources involved in the bidding process confirmed that the entity had submitted a bid but expressed doubt over its acceptance
Failure to sell Air India, IDBI may have prompted a change in strategy.
There were 35 defects that still remained to be resolved. Of these, 29 could not have been resolved during the monsoon since they required testing in absolutely calm seas. Nor is the Khanderi being commissioned with a full complement of its primary weapon, the torpedo.
In another development, SBI Capital Markets, which had issued the expressions of interest on April 8, extended the deadline for submission of initial bids to April 12.
The sale of the NPA account is to happen through e-auction on January 30, as per the bid invite.
The money is expected to be disbursed by the lenders consortium led by SBI after the Jet management submits an operational plan on how it intends to use the money till May 7.
The defence ministry has lost sight of what it intended to achieve -- which was to nurture private defence firms that would compete on equal terms with the 9 defence PSUs and the 41 Ordnance Factory Board factories.
According to officials, more clarity might be required with regard to foreign fund managers in the context of Air India divestment.
The government proposes to divest 76 per cent of Air India, along with its shareholding in Air India Express and its ground-handling subsidiary, AISATS.
Ernst & Young LLP India has been appointed as transaction adviser for the strategic divestment process.
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Air India buyer has to take over interest-bearing debt of Rs 16,500 crore a large portion of which is aircraft related, meaning they are backed by aircraft value
Government believes privatisation would increase the airline's efficiency and make it profitable, enriching the value of the remaining stake with it.
Home buyers would be able to invoke Section 7 of the IBC against errant developers.
Govt reconstitutes body, says will not interfere in senior PSB appointments
Good news for economically-weaker sections (EOS) in Delhi. The city government Wednesday decided to built around 35,000 flats for them which are likely to be ready in two years.
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A panel led by the secretaries of the DEA and the DIPP would conduct a quarterly review on the pending proposals.
Entities like CarDekho, Cartrade and a host of other online players went live even as Carnation, former Maruti managing director Jagdish Khattar's first entrepreneurial venture, was searching for the right business model, says Ajay Modi.
Scrapping of the EoU status to petroleum refineries was one of the demands of the Samajwadi Party after it decided to support the United Progressive Alliance government, which is set to face a trust motion in the Lok Sabha. "Amar Singh had met me, but there were no discussions on the EoU issue," said the commerce minister. Nath said everyone has the right to demand changes but it did not mean that the government would act on it.
The board will make the financial and legal data available to those shortlisted companies who will qualify in the EoI criteria.
Out of nearly 30 public sector undertakings and assets under 'strategic sale' plan, only the ONGC-HPCL plan has been completed
Oil and Natural Gas Corp, which had last year firmed up an investment of Rs 34,012 crore (USD 5.076.37 billion) in bringing to production 10 oil and gas discoveries in its Bay of Bengal block KG-DWN-98/2 (KG-D5), plans to invest another Rs 21,528.10 crore (USD 3.2 billion) in developing the ultra-deepsea UD-1 find.
The move to extend the income tax benefits enjoyed by units covered by the Software Technology Parks of India Act and those set up in export oriented units by another year -- up to March 31, 2011 will benefit around 6,000 STPI units and 2,486 EoUs. In its budget-related wish list, the commerce ministry had recommended a three-year extension of the scheme, while the industry has been asking for five.
In a big-ticket measure, the direct tax benefits to 100 per cent export-oriented units (EoUs) have been extended till March 31, 2010. These benefits, available under Section 10 B of the Income Tax Act, were to expire on March 31, 2009.
Even as Finance Minister P Chidambaram said that a final decision on expiry of tax benefits to export-oriented units and Software Technology Parks of India had not been taken yet, government sources indicated that an extension of the concessions was unlikely.
Finance ministry opposed to exemptions in principle: Official.
The commerce ministry has proposed a three-year extension of tax benefits given to Export-oriented Units in an attempt to encourage export industries at a time when global demand is expected to slump further.
Now that you've ticked off that island, private jet and French cottage, how about splurging on technology? Abhik Sen lists some of the finest gadgets money can buy for your home and office
JSW will pay at least Rs 4,000 crore Rs 40 billlion.
In the witness box, on bald embarrassing display, was not just Sub-Inspector Ganesh Dalvi, but the entire system of police investigation too.
Foreign Trade Policy: More incentives for exports, focus on ease of trading
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