Rajnath Singh launches online portal 'SRIJAN' to promote indigenisation in defence production
According to the Ministry of Defence, the portal will display those items that are being imported currently so that the Indian industry can design, develop and manufacture them domestically as per its capability
BEML stake sale: Centre likely to offload 28% in state-run company through strategic disinvestment, to retain 26%
The Cabinet Committee on Economic Affairs in October 2016 had given in-principal approval for strategic disinvestment of 26% equity shares in BEML Ltd.
How Fed rate cut will affect India, divestment policy should look beyond revenue collection; all this and more on Moneycontrol Pro
The Fed indicated that the US economy is largely stable. Thus, a global growth slowdown & trade uncertainty largely explain the cut.
Narendra Modi lays foundation for three metro lines in Mumbai, inaugurates first greenfield industrial smart city
Narendra Modi on Saturday laid the foundation stone for three metro lines, which will together add more than 42 km to the metro network of Mumbai.
Finance Ministry reworking strategic sale procedure to ensure outright sale of central public sector enterprises
Currently, there is no set timeline for concluding strategic sale of a state-owned company and the entire process, in some cases, drags on for months, if not years.
Prime Minister's Office holds meeting to speed up strategic sale of PSUs identified by Niti Aayog
Niti Aayog has identified 35 PSUs, including Air India, Air India's subsidiary AIATSL, Dredging Corporation, BEML and Scooters India for strategic sale.
BEML, HEC sign pact for making mining equipment; to leverage each other's capabilities
BEML had not participated in tenders for the last 3-4 years in these two products, officials said.
BEML Q1 net loss widens to Rs 107 crore
The company had posted a net loss from ordinary activities after tax of Rs 68.10 crore in the year-ago period
Rail stocks derail, fall up to 7% as Budget disappoints markets
Share prices of companies that cater to the railway sector plunged by up to 7 per cent today after the Rail Budget 2015-16 failed to boost investors' sentiment.
Tatra deal: Delhi HC reserves order on bail plea of Lt Gen (retd) Tejinder Singh
The Delhi High Court on Thursday reserved its order on the bail plea of Lt Gen (retd) Tejinder Singh, who has been arrested for allegedly offering Rs 14 crore bribe to the then Army chief VK Singh for clearing files pertaining to procurement of Tatra-all terrain vehicles.
CBI shuts Tatra case, says insufficient evidence to file chargesheet
In its closure report filed before a special CBI court, the agency said there was no basis to the allegations that TS illegally supplied these trucks as the Indian Army had a valid contract with Czech based company Omnipo.
Govt may lift buying ban on Tatra trucks for armed forces
The ban on these heavy duty trucks had resulted in delay in the setting up of missile regiments for the army and the IAF.
Tatra trucks scam: CBI expecting replies from UK, other countries soon
CBI is expecting to get replies of its judicial requests from the UK and other countries in connection with its probe into alleged irregularities in the Tatra all-terrain vehicle supply to army which would help it in finalising its charge sheet in the case.
Two defence deals during Gen VK Singh's tenure under scanner
Polish authorities are probing a deal where BEML was to manufacture 204 ARRV vehicles under full technology transfer from Polish arms firm Bumar.
BEML's $275 mn deal with Polish firm under scanner
A $275 million deal between state-owned firm BEML and Polish arms firm Bumar for supply of 204 armoured recovery and repair vehicles (ARRV) has reportedly got into trouble for alleged irregularities following an audit in Poland.
Defence ministry consults CBI on reinstating Natarajan
Defence Minister AK Antony had suspended Natarajan in June in connection with the Tatra case after CBI recommended this for carrying out a fair probe in the case.
CBI to confront Rishi and Natarajan in Tatra deal
The agency will also question two former Chairmen and Managing Directors of BEML along with Natarajan, sources said.
News Wrap: India gets S&P warning; AI sacks 300 pilots
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BEML-Midwest probe likely to be over in 2 weeks: Andhra CID
The AP CID said it is likely to complete its probe into allegations and counter allegations made by BEML's Natarajan and K Raghava Reddy, the chairman of its joint-venture partner Midwest Granite, on cheating and misuse of funds in two weeks.
Tatra truck probe: BEML chief VRS Natrajan suspended
The CMD of the public sector unit, VRS Natrajan, was suspended today after a recommendation by the CBI which is investigating allegations of corruption in acquiring Tatra trucks for the Indian army.