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Regulation

Manohar Parrikar

Defence Procurement Policy Should be More Friendly: Defence Minister

Defence Minister Manohar Parrikar said the current defence procurement policy is tedious and reforms are needed to make it more friendly. Feb 19, 2015
SpiceJet Airlines

SpiceJet Announces New Offer; Fares Start at ₹2,999

SpiceJet announced yet another discount scheme aimed at moping up cash through advance bookings during the lean period. Feb 19, 2015
Baba Kalyani

Make in India: Bharat Forge-Rafeal JV to Manufacture Spike Anti-Tank Missile in Hyderabad

Kalyani Group will hold 51% in the joint venture with the rest vesting with Rafael and will manufacture the Apike anti-tank missile for the Indian Armed Forces Feb 19, 2015
FBI Agent

US Federal Authorities Probe Mirach's 'Forged' Letter to Sahara India

Federal Authorities have began investigating Mirach Capital's alleged forged BofA letter to Sahara India in connection to their deal on boutique hotels. Feb 19, 2015
Multi-role Rafael jet

Rafale Jet Deal: Final Decision Only After March, Says Indian Defence Minister

The long-delayed Rafale deal is to be decided only after March, said the Defence Minister. Feb 18, 2015
Israeli Defense Minister Moshe Ya'alon

Israeli Defence Minister Arrives at Aero India Expo; Arms Supply Deals Lined up

Moshe Ya'alon, Israel's Defence Minister is in India to participate in the Aero India 2015 and to expand military ties. Feb 18, 2015
Snapdeal

Snapdeal Acquires Exclusively.com, Forays into Luxury Goods and Services

In a transaction that is going to raise the stakes for online retail web portals, Snapdeal has acquired designer wear portal to consolidate its position in the clothing and fashion business. Feb 18, 2015
Aero India Bangalore

Aero India 2015 LIVE: Modi Not Content With Assembling Defence Equipment, Wants Tech Transfer

The Aero India Expo kicks off in Bangalore to record participation by defence vendors Feb 18, 2015
State Bank of India (SBI) chairwoman Arundhati Bhattacharya

Budget 2015: Mega Projects Will Help Boost Credit Offtake, Says SBI Chairperson

SBI's Bhattacharya said she expects the government spending on major projects to help improve credit growth. Feb 17, 2015
Supreme Court of India

Supreme Court Worried About Sahara's Ability to Repay ₹30,000 crore to Depositors

"You are struggling to pay Rs 10,000 crore. How will you pay Rs 30,000 crore after coming out?", the apex court asked Sahara's counsel Feb 17, 2015
Airbus A330 plane

'Make In India': Bengaluru Company to Supply Wing Component to Airbus' A330

It is the largest contract signed by Airbus with any Indian private manufacturer till date and catapults Dynamatic Technologies to a global tier-I supplier to Airbus Feb 17, 2015

Aero India: Israeli Defence Minister's Visit could See India Sign Deals Worth $1.5 Bn

Israel's Defence Minister Moshe Ya'alon would be in India for a two-day visit, coinciding with Aero India show in Bangalore. Contracts worth $1.5 bn are expected to be signed between the two democracies. Feb 17, 2015
Suresh Prabhu

Rail Budget 2015: RFID to Track Locomotives, Wagons, Coaches; WiFi at Major Stations on Cards

CCTV cameras in ladies' coach, digitised land mapping, could also be part of Rail Budget Feb 16, 2015
Road construction in India

Budget 2015: Govt to Double Allocation to ₹45,000 crore to Fast-track Road Projects

The allocation of money is seen as critical to revive the highways sector, which is likely to have a target of constructing about 8,500 km of roads next fiscal, despite inadequate participation by the private sector Feb 16, 2015
Infosys' CEO Sikka speaks during a news conference at company's headquarters in Bangalore

Infosys Buys US-based Tech Firm Panaya for $200 million

The all-cash deal is is the company's first acquisition after Vishal Sikka joined the company last June Feb 16, 2015
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