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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......

Nirav Modi has been dethroned!

 If there were an Olympics for bank frauds in India, Rishi Agarwal, founder and former chairman of ABG Shipyard Ltd, a nephew of the Ruia brothers of the Essar group, would bag the gold, pushing......

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......

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