Govt initiates action to scrap VVIP chopper deal

Cracking the whip, India on Friday initiated action to scrap the deal for purchase of 12 VVIP helicopters from Italian firm AgustaWestland in the wake of allegations that kickbacks to the tune of......

How Parrikar is failing the armed forces

Our large military requirements make for an enormous buyer's leverage, which the defence ministry fritters away in piecemeal purchases Few tears will be shed, especially in the corridors of power,......

Finnish phone maker HMD plans to make India its manufacturing hub

Finnish phone manufacturer Human Mobile Devices (HMD Global), which acquired the Nokia brand name from Microsoft, is planning to make India a key manufacturing hub for its phone exports.......

Fear of failure? Firms let IPO nods lapse on pricing mismatch, volatility

The initial public offering (IPO) market has seen some momentum of late with robust responses to recent issues. Illustration: Dominic Xavier/Rediff.com However, only some have been able to ride......

Over Rs 5,000-crore IPOs likely to hit markets this month

Close to half a dozen initial public offerings (IPOs), worth over Rs 5,000 crore, are expected to hit the markets in December as investor sentiment perks up. Illustration: Dominic......

Nepal's decision on imports may hit India hard

Nepal’s decision to ban the import of non-essential items amid depleting forex reserves may hit Indian exports. The country’s central bank — Nepal Rastra Bank — last week......