Education fee cap for military martyrs' children removed

Mar 22 2018

A Rs 10,000 cap on the education fee paid to the children of military personnel killed in the line of duty has been removed, the government announced.

No FDI in defence, ports, coal in April-December: Govt

Mar 19 2018

As many as 6 sectors, including defence industries and ports, have failed to attract any FDI during Apr-Dec period of the current fiscal, Parliament was informed.

Trade bodies urge Nirmala to allot land for defence procurement

Mar 17 2018

In a press release, the trade bodies including CII urge Sitharaman to allot land for a centre of excellence too to share technologies related to defence equipment.

At least three killed by blast in Afghan capital Kabul

Mar 17 2018

An explosion in the Afghan capital Kabul killed at least three people and wounded two in an apparent attack on a foreign contractor company, officials said.

India takes nuclear non-proliferation very seriously: Sitharaman

Mar 16 2018

"We are signing nuclear treaties as a commitment to non-proliferation and are not supportive of illegal spread,” she said.

Pak and Russia discusses defence and security relations

Mar 15 2018

Pakistan and Russia discussed defence and security relations and held talks on various global and regional issues of mutual interest, the Foreign Office said.

Parliamentary panel raps Centre over attack on defence establishments

Mar 13 2018

A parliamentary panel rapped the government over repeated terror attacks on defence establishments and raised concern over their perimeter security.

Def PSUs need to be revitalised, made more dynamic: Sitharaman

Mar 12 2018

Defence PSUs and ordnance factories in the country have a lot of potential but they need to be revitalised and made more dynamic, Sitharaman said.

Forest Fire: Garud commandos, helicopters pressed into service

Mar 12 2018

Sitharaman said an advanced light helicopter will be pressed into service for rescuing those trapped in the forest fire in Tamil Nadu, due to the hostile terrain.

Sushma Swaraj calls on French President, talks trade partnership

Mar 10 2018

Swaraj called on Macron here and discussed ways to further enhance the India-France Strategic Partnership that was forged in 1998.

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Acquires Cynosure Inc and Cynosure Interface Solutions for $31mn and Rs13cr respectively

To add platform capabilities in the insurance segment which contributes 15% of total business

The Acquisition is expected to close within the next 3 months


Sells Essar Steel loan to Deutsche Bank

Has sold its $385 mn Foreign currency loan extended to Essar Steel

Bank has taken a 38% haircut

Rs 1600 cr is expected earnings to the bank from the deal

Economic Times Reports


To Sell 50% stake in prime Mumbai office assets to Blackstone for $1.3bn

The co is also in discussions to sell its residential and commercial projects in Chennai

To convene shareholder’s meet on 23rd March in regard to the proposed divestment

Mint Reports


Gets Order Worth Rs 230 Cr From NTPC

To perform the pressure part metallurgy upgradation for 3 660MW super critical steam generators

Will help NTPC commission the 3x 660MW plant started 12years


Declared L1 bidder for EPC Project in UP worth Rs 677cr from NHAI

The completion period for the project is 30 months

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