defence ministry


Govt approves procurement of 6 patrol vessels for Navy

Aug 13 2018

The defence ministry approved a long-pending proposal to procure six indigenously manufactured next generation offshore patrol vessels (NGOPVs) for the Navy at a cost of Rs 4,941 crore, officials said.

Defence ministry agrees to part with land for Bengaluru projects

Aug 04 2018

Defence Ministry has agreed to part with some of its land here for the Karnataka government's infrastructure projects to deal with traffic congestion and other issues in the state capital.

Parliamentary panel asks Defence Ministry to ensure foolproof system to evaluate ACRs of employees

Aug 03 2018

A parliamentary panel has recommended the Ministry of Defence to put in place a foolproof and transparent system to evaluate annual confidential reports (ACRs) of employees.

Retd Captain moves HC against 7 yrs rigorous jail in 2006 Navy War Room leak case

Jul 25 2018

Captain (retd) Salam Singh Rathore, sentenced to seven years' rigorous imprisonment in an offshoot of the 2006 Navy War Room leak case, today approached the Delhi High Court challenging his conviction.

South Korean defence ministry to reduce guard posts along North Korean border: Yonhap

Jul 24 2018

South Korea’s defence ministry said it plans to reduce guard posts and equipment along the demilitarised zone on its border with North Korea, the Yonhap news agency reported.

Govt clears list of clothing items required to be procured by soldiers using special allowance

Jun 29 2018

After months of deliberations, the Defence Ministry has approved a list of items which will have to be purchased by each soldier from an annual clothing allowance of Rs 10,000, official sources said.

Chinese general to visit India as re-set in ties gathers pace

Jun 28 2018

A senior Chinese general will soon visit India, China’s Defence Ministry said on Thursday, as the neighbors step up efforts to reset ties following an ice-breaking summit between their leaders.

French special forces on the ground in Yemen: Le Figaro

Jun 16 2018

French special forces are present on the ground in Yemen with forces from the United Arab Emirates, French newspaper Le Figaro reported on Saturday, citing two military sources.

Defence Ministry approves military purchases worth over Rs 5,500 crore

Jun 07 2018

The defence ministry today approved military purchases worth over Rs 5,500 crore, including 12 high power radars for the Indian Air Force.

China scolds US for withdrawing invite to naval drills

May 24 2018

China’s Defence Ministry expressed regret after US withdrew an invitation to China to attend a major US-hosted naval drill, saying that closing the door does not promote mutual trust and cooperation.

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Aircel moves SC to make Airtel clear dues

Alleges that the co withholding Rs453 Cr of bank guarantees paid on its behalf

Bank guarantees have lapsed and Aircel wants Airtel to pay the money

Alleged that Airtel is trying to usurp the sum

Aircel says without the money it may get liquidated

ET reports


Bain joins KKR in race for Max Healthcare stake

PE firms look to buy 47% stake from Life Healthcare for $450-540 Mn

ET reports


To decide on buy back of shares on Aug. 20


Co planning $400 Mn stake sale is speculative in nature

Jet Auditor BSR may quit if issues are not resolved is factually incorrect

Have been pro-actively working on multiple revenue enhancements

Evaluating various funding options to meet liquidity requirements on priority

Relationship with Etihad Airways very strong

No delays in discharging any loan obligations to any of the lenders

Default status in tabular statement only due to technical errors, rectified now

Clarifies that reports of stake sale are purely speculative

Also Clarifies that rumors of auditor quitting if issues not solved are factually incorrect

Seeks lenders help in bid to avoid default

Airline wants waiver of loan covenant on existing debt facility of $185mn

Co has to repay or refinance at least $500mn of existing debt to avoid default

Told lenders it won’t be able to meet min $50mn profit condition for FY19

Consortium of lenders yet to decide on Jet’s request

Airline’s total debt was Rs 9430 Cr as on 31st March 18

Mint reports


Have noticed a difference in your responses dated August 9 & 10

Clarify whether mgmt extension from audit committee as per Aug 10 response

Or did Audit Committee not recommend results to board as per Aug 9 response?

In Aug 10 response, details of "Certain Matters Not Closed" not provided

Provide exact reasons for which audit committee has not approved results

Again ask you to give us date when board meet to consider results will be held

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