Tag: India

Adani out; it’s MDL Vs L&T to build $6.3-billion submarines for India Navy

New Delhi: India’s state-run Mazagon Dock Shipbuilders Limited (MDL) and private firm Larsen & Toubro have been chosen to battle it out for a Rs 45,000-crore ($6.3 billion) tender for building six next generation conventional submarines for the Indian Navy. Five Original Equipment Manufacturers — French Naval Group, […]

India largest workers union to protest defence public sector corporatisation, disinvestment, and FDI

New Delhi: India’s largest workers union, Bharatiya Mazdoor Sangh (Hindi, translates to Indian Labour Union), today said it will protest Jan. 3 the proposed corporatisation and disinvestment of the defence Public Sector Undertakings (PSUs) and state-owned industries, and has called for a stop to Foreign Direct Investments (FDIs). […]