Government finalises policy to allow private investment in defence

The Defence Acquisition Council on Saturday finalised the broad contours of a much-awaited policy under which select private firms will be roped in to build military platforms like submarines and......

Why India still hasn't built a combat vehicle

Defence ministry incompetence hobbles development of battle-taxis for the Indian Army, discovers Ajai Shukla. IMAGE: The Future Infantry Combat Vehicle project was approved in 2008, but has seen......

Mining firm Vedanta made 'illegal' political donations?

Vedanta Resources, which was pulled up for its role in the mining scam in India, is under the scanner yet again. This time for making a contribution of Rs 28 crore made to political partiesin the......

At 1,662 cr, Cong leads with corporate donations

When a senior minister in Uttar Pradesh makes a statement such as 'steal a little, but don't loot', then this bit of data regarding corporate donations to political parties in the past three years......

Warburg Pincus ups India play

Invests $1.1 billion in 6 months, against $3.7 billion in 20 years Private equity (PE) giant Warburg Pincus has fast-paced investments in India and deployed $1.14 billion in the past six months,......

A fourth of BSE 500 scrips below January 2008 levels

Infrastructure and real estate prominently feature as wealth destroyers, says Ashley Coutinho.Illustration: Dominic Xavier/Rediff.com About a fourth of BSE 500 stocks are trading below the levels......

Markets pare gains to end flat; auto, IT gain, aviation stocks fall

The 30-share Sensex ended up 27 points at 25,868 after hitting a high of 26,059 and 50-share Nifty ended up 14 points at 7,857. Indian equities erased early gains to end flat amid profit taking in......

A peek into the flashy lifestyles of India's richest businessmen

Indian billionaires do not believe in sitting on their wealth. They'd rather go out and a buy a plane or two, or an expensive car, or maybe a horse. Here's a look at the lifestyles and interests of......

Chandhok adds to points tally

India's Karun Chandhok added to his points score in the fourth race weekend of the 2008 GP2 Series at Magny-Cours in France on Sunday. The 24-year-old from Chennai, who prior to the race weekend,......