By Ayaskant Das New Delhi: The Narendra Modi government’s decision to offload up to 15 per cent of its share in Hindustan Aeronautics Limited (HAL) has met with opposition from employees of India’s lone, state-run aircraft manufacturer. But industry veterans feel a gradual disinvestment of the nation’s aerospace […]
New Delhi: The COVID-19 pandemic and the lock down announced by the Narendra Modi government has bled the Civil Aviation industry in India. The government today told Parliament of India that the impact of the COVID-19 lock down was so severe on the aviation industry that the domestic […]
New Delhi: India’s Chief of Defence Staff (CDS) General Bipin Rawat‘s office is now prioritising procurement proposals of the armed forces based on immediate needs, and purging the approvals granted for acquisition of equipment that are now obsolete and don’t fit into the scheme of military plans. A […]
New Delhi: India’s Narendra Modi government can take a leaf out of former British Prime Minister Margaret Thatcher and the privatisation of companies like defence major BAE Systems to carry forward its disinvestment plans for state-owned companies that are profitable. The Economic Survey 2020-21, presented to the Parliament […]
New Delhi: India’s Narendra Modi government has approved procurement proposals worth Rs 4,09,244 crore ($57 billion) since taking office for the first time in May 2014 till September this year. “The government, in the last five years, that is, from 2014-15 to 2018-19 and in the current year […]
Bengaluru: India’s lone aircraft-maker Hindustan Aeronautics Limited (HAL) has posted a 32 per cent revenue growth in the second quarter of the current financial year compared to the same period in the last fiscal. The revenue from operations was Rs. 3,451 crore ($479 million) in the quarter ending […]