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 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.
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.
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 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.
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.
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 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.
The defence ministry today approved military purchases worth over Rs 5,500 crore, including 12 high power radars for the Indian Air Force.
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.
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
Bain joins KKR in race for Max Healthcare stake
PE firms look to buy 47% stake from Life Healthcare for $450-540 Mn
To decide on buy back of shares on Aug. 20
JET AIRWAYS CLARIFIES
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
NSE TO JET AIRWAYS
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