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India to buy 200 BrahMos, MiG 29 engines in Rs 39K cr deal

 India on Friday sealed five major defence acquisition contracts worth Rs 39,125 crore including procurement of BrahMos supersonic cruise missiles, radars, weapon systems and aero-engines for MiG-29......

Limited choices in strategic partners in defence

 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......

Pay up our dues or Delhi plunges into darkness: BSES discoms

 Reliance Infra-backed BSES discoms have sought Rs 450 crore "dues" from Delhi government and the Municipal Corporation of Delhi to overcome their immediate "financial difficulties" and avoid black......

Mukesh may sell stake in RGTIL

 After agreeing to sell 30 per cent stake in the 23 blocks in India to BP, Mukesh Ambani is reportedly looking for buyers for its gas transportation and marketing company.As part of its tie-up with......

Markets retreat from record highs; Sensex falls 216 pts

 Equity benchmarks Sensex and Nifty pared early gains to close lower on Monday as investors offloaded telecom, power and utility stocks amid a bearish trend in global markets and profit booking.......

Mukesh Ambani's port, power firms get ready for big boom

 The two companies have approached banks to raise up to Rs 8,000 crore as debt to fund their expansion plans. It turns out that Reliance Industries Ltd (RIL) is not the only Mukesh Ambani company......

Natural gas price to rise to record level this week

 Prices of natural gas, which is used to generate electricity, make fertiliser and is converted into CNG to run automobiles, is likely to rise to record levels at the rate review scheduled this......

Mukesh Ambani's personal firms also selling assets to cut debt

 Bankers said as part of its debt reduction plan, Canada’s Brookfield-sponsored India Infrastructure Trust acquired a pipeline for Rs 13,000 crore from East West Pipeline Ltd, an arm of......

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