The Gupta family has relocated to Dubai amid corruption charges against them in South Africa.
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.
Police FIR reveals the bank had replaced 44 loan accounts of HDIL with 21,049 fictitious loan accounts. These 21,049 were actually not created in the core banking solution of the bank, but were mere entities in the advances master indent submitted to RBI for conducting its inspection for the year ended March 2018.
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.
The new government may also introduce a separate scheme for revival of stranded gas-based power projects
Sources involved in the bidding process confirmed that the entity had submitted a bid but expressed doubt over its acceptance
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.
Export oriented units have approached the finance ministry for abolishing "sunset clause" in the Income Tax Act to get tax exemptions beyond March 2009, so as to attract more investments and maintain their competitiveness globally.
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.
From Ranbaxy to Religare, Aashish Aryan takes you through a maze of legal cases involving Malvinder Mohan Singh and his younger brother Shivinder Mohan Singh. Both are in police custody following a complaint of fund siphoning.
The affected nurse is being treated and is recovering well, junior foreign minister V Muraleedharan said. Meanwhile, China has locked down five cities, including Wuhan, suspending all public transport in an unprecedented move to contain the coronavirus that has infected over 630 people and left 17 others dead.
Failure to sell Air India, IDBI may have prompted a change in strategy.
The sale of the NPA account is to happen through e-auction on January 30, as per the bid invite.
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.
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.
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.
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.
Government believes privatisation would increase the airline's efficiency and make it profitable, enriching the value of the remaining stake with it.
Here are a few cameras that will help you bring home the memories With holidays around the corner, travelling to exotic places is on our minds, says Abhik Sen
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
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.
Home buyers would be able to invoke Section 7 of the IBC against errant developers.
A panel led by the secretaries of the DEA and the DIPP would conduct a quarterly review on the pending proposals.
Govt reconstitutes body, says will not interfere in senior PSB appointments
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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.
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.
JSW will pay at least Rs 4,000 crore Rs 40 billlion.
Reliance Industries Ltd is seeking export-oriented unit status from the government for its existing 33 million tonne per annum refinery in Jamnagar.
New pictures of Britain's baby Princess Charlotte at six months old taken by her mother Kate were on Sunday released by Kensington Palace.
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
Volkswagen faces paying out billions of dollars in fines and compensation after it admitted rigging tests on some of its diesel cars to make them appear cleaner.
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