India has decided to acquire Boeing's Chinook and Apache helicopters, an Indian defense ministry official said on Saturday, in a deal valued at $2.5 billion that could ease strained ties between New Delhi and Washington.
Tags: New Delhi
Delhi's Homeless In Winter Chill Find Comfort In Moveable Shelters
This year's winter in Delhi, India has been particularly cold with temperatures hitting 14 degrees Celcius affecting thousands of homeless who live on pavements under the open skies. NGOs have come to their rescue providing temporary shelters made of materials like bamboo, reinforcing rods, canvas, and net to keep away disease borne mosquitoes. At least 7 bodies have been found in several areas in Delhi of homeless people having died of winter cold. The government has also provided services to rescue homeless in distress.
Modi’s Startup India offers 80% reduction in patent filing fees, empowerment of women and more
Indian Prime Minister Narendra Modi reveals the details of his much talked-about project, Startup India. Some key highlights are revised IP registration policies, faster exit and entry, income tax exemptions, and benefits for a woman entrepreneur. Modi hopes with this plan in action, India will soon become the hub for global startups.
Fog Casts a Heavy Veil in Delhi: 60 Train Schedules Cancelled
Intense fog in Delhi, India, caused great disruptions in train schedules. Nearly 60 trains were cancelled while around 10 were delayed due to poor visibility. The air pollution problems in Delhi is quite acute and the government should should work towards a resolution.
India's finance minister vows to push land purchase reform
India will push ahead with reform to a land purchase law blamed by business for slowing industrial projects, even if there is resistance to loosening the rules, Finance Minister Arun Jaitley said on Sunday.
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New Delhi, India-based microfinance institution Satin Creditcare Network Limited (SCNL) bagged $4.7 million (INR28.44 crore) in a funding round led by Norway-based impact investor NMI Fund III KS (NMI) to fuel its growth and diversification.
Minnesota, US-based food processing firm Cargill purchased the Leonardo olive oil brand from New Delhi, India-based premium wellness food provider Dalmia Continental for an estimated price of INR100 crore.
Rare Enterprises, the company of ace investor Rakesh Jhunjhunwala, picked up 6.85 lakh shares of India-based liquor firm Radico Khaitan via open market in a deal valued at INR11.50 crore.
Zyden Gentec Ltd.'s shares fell by 5% to INR15.25 per share after Punjab National Bank's recent stake sale. PNB had sold 335,141 of its shares in the pharmaceutical company, which represents a 3% equity ownership.
State-owned steel maker Steel Authority of India (SAIL) and the country's largest energy explorer, the Oil and Natural Gas Corporation, are in preliminary talks about jointly exploring coal-bed methane in Indian coal blocks. SAIL wants to use coal-bed methane to reduce input costs.
Private equity firm Carlyle Group has acquired a minority stake of 28% in Indian super-specialty hospital chain Global Health for INR960 crore. Carlyle as of September this year had invested $1.1 billion in India.
A memorandum of understanding was finalized between Tata Group and Singapore Airlines leading the way to the formation of a new airline to service the Indian market.
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