Divided CII opts for 49% defence FDI limit

Industry sources who attended the meeting said some defence company owners are arguing for higher FDI simply  to divest their holdings later for a hefty profit to foreign vendorsThe......

Pipavav Shipyard: Jhunjhunwala likely to buy stake

Billionaire investor Rakesh Jhunjhunwala is likely to pick up stake in Nikhil Gandhi-promoted Pipavav Defence and Offshore Engineering Company Ltd (Pipavav Shipyard) through convertible share......

Benefits of port liberalisation

In contrast to the rest of India, where it is the government that predominantly owns and manages ports, Gujarat has implemented various forms of port liberalisation since the 1990s. This has helped......

ADAG pulls out of Mumbai sea-link project

The consortium led by Anil Dhirubhai Ambani Group company (ADAG) RELINFRA has decided not to seek an extension of the bid for the Rs 6,000-crore, 22-km sea link project between Sewri and......