Popular Articles

Indian Overseas Bank cuts lending rate by 0.5%
Indian Overseas Bank (IOB) today slashed benchmark prime lending rate (PLR) by 0.5 per cent to 12 per cent in line with its peers.

Exports from STP units up 15% to Rs 2,07,358 cr
The government today said exports from Software Technology Parks (STP) increased 15.1 per cent to Rs 2,07,358 crore in 2008-09.

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ITC reaps growth benefits from its green capital
When US Secretary of State Hillary Clinton said on her visit to ITC’s Green Centre in Gurgaon that it was a “monument to the future”, she was emphasising what ITC had seen long before most of the world did.
International Business

Defence pact with Russia to boost defence capability: India

India today voiced confidence that its agreement with Russia on a 10-year military and technical cooperation from 2011 would help enhance the operational capability of its defence forces in the next decade. - UP to start new recruitments to overcome staff crunch - Agri futures fall on low physical demand - Govt may import rice to meet shortfall - Rising Chinese steel capacity a worry for other nations - IIMs may double CAT window next year - Transport bandh hit some CAT students The agreement which was among the three defence pacts signed between India and Russia after the annual summit talks between Prime Minister Manmohan Singh and Russian President Dmitry Medvedev provides for acquisition, licensed production, upgrades and modernisation of defence equipment as well as the development of new and advanced weapon systems. "The agreement would help enhance operational capability of Indian Defence forces in the next decade by providing various Defence equipment systems," Foreign Secretary Nirupama Rao told newsmen wrapping up the prime minister"s talks with the Russian leadership that also included prime minister Vladimir Putin, who as the earlier Russian President sowed the seeds for Russia"s strategic partnership with India. "... (it) will also facilitate capacity development of the Indian Defence Industry," she said. Taking bilateral defence ties to a new high, the agreement on After Sales Support for the Russian Arms and Military equipment supplied to India is being seen by Indian officials as an excercise to facilitate timely and adequate supply of spares and services for maintaining a high level of readiness and integrated maintenance of Russian made military equipment supplied to India.


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