INDIAN AVIATION INDUSTRY
Since 2014, MoD inked around 180 deals with local industry
"A contract for manufacture of frigates under Project P 17A was signed in February 2015 with Mazagon Dockyards Limited (MDL), Mumbai valued worth Rs 45,000 crore while two frigates under Project P1135.6 are slated to be manufactured by Goa Shipyard Limited (GSL) under a contract signed in October 2018 worth Rs 14,100 crore," said Defence Ministry.
India's air passenger traffic grows 3.6 per cent in Oct; pace slower than seen in 2018: IATA
The International Air Transport Association (IAT...
Tech industry sees two pain points in data protection bill
The PDP Bill proposes voluntary verification of users on social media platforms an...
Slowdown grounds business jets as the rich tighten purse strings
India Inc is looking to tighten its belt amid the economic slowdown as it gives up on jets.
5 largecaps & midcaps global brokerages are bullish on in Indian market
Global brokerages are bullish on select blue chips and midcaps.
Air India starts compensating flyers for 49-hour delay
Air India has paid a compensation of €600( approx Rs 47,700) each to several passengers for the delay in its London to Mumbai flight on May 28.
Steel industry doing well, stock correction a good chance to buy
Domestic steel players have taken a 2-3 per cent price increase on Monday.
Indian tech firms are looking beyond traditional hubs to set up shop in the US
As towns go, Austin is an alluring mix. Its throbbing college scene rolls on without a bump into quaint tourism, with the occasional laidback Texan strolling by colourful shopfronts overflowing with quirky gifts. Zoho delivered most of its customer support from India, but moved some of those functions to Austin recently, and there are plans to expand that unit, he said.
Welspun Groups family office acquired a majority stake in One Industrial platform
Welspun Group Promoters, through a closely held family office investment has acquired majority stake in warehousing platform - One Industrial Spaces, an integrated fund, development and asset management organization focused on the warehousing sector in India.
Amit Rajan on why pharma MNCs are beating Indian counterparts
Patent protection, ban on fixed dose combinations among factors helping pharma MNCs
Saab wants control if it wins $15 billion India jet-fighter deal
The Swedish manufacturer is in the running to supply 114 Gripen fighters in a deal valued at more than $15 billion as PM Modi seeks to modernize armed forces reliant on mostly Soviet-era equipment in the face of threats from Pak and China. Saab faces a requirement that at least 85% of the planes be built locally in partnership with Indian firms.
India’s economy is sputtering. But its stock market powers ahead
Economic growth is at the lowest since before Prime Minister Modi came to power in 2014.
Indian government's loan bonanza seen a temporary salve and a long-term pain
Reviving a practice not used in three decades, India's government in September ordered state-run banks to hold more than 400 loan "melas" or fairs across the country over the following month - a measure aimed at boosting economic growth at six-year lows and lending growth at its weakest in three years.
No adverse impact of American chickenlegs on domestic industry, FSSAI has no info on impact on human health: Piyush Goyal
“No report of adverse effect on the domestic poultry sector including Namakal district in Tamil Nadu, due to import of chicken legs from the United States to India, has been received in the ministry,” commerce and industry minister Piyush Goyal said in a written reply to a question in Lok Sabha.
Civil aviation minister's statement on Air India privatisation 'highly damaging': Employees' union
In a letter to PM, the Aviation Industry Employees' Guild said "Coming from the civil aviation minister...this statement is highly damaging, uncalled for at this stage and has massive financial implications for Air India, as our passengers will start cancelling their flight bookings and/or prospective passengers refrain from booking seats on AI flights..."
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