By T. S. Shankar Mumbai-based Jet Airways and its founder-chairman Naresh Goyal are hogging the media limelight for his business acumen in building a world-class private airline capitalising on the then Indian government’s ‘open sky policy’ in the early 1990s and then destroying it on a whim. Naresh […]
New Delhi: India today said it has put in place simplified procedures for guarantees of foreign banks submitted by defence contractors during tenders, to speed up military acquisitions. “The Acquisition Wing of (the) Ministry of Defence (MoD) has promulgated a Standard Operating Procedure (SOP) to facilitate clarity in […]
(Editor’s Note: Updated with the outcome of today’s meeting of the lenders at paragraph 4.) By N. C. Bipindra New Delhi: Indian defence ministry’s hope of industrialist Anil Ambani‘s shipbuilding venture being revived through a take over by another company or operator has got into rough weather after […]