A total of 13 Indian banks may have won a battle against Kingfisher Airlines founder Vijay Mallya, but there are many hurdles for the banks ahead. A UK high court judge ruled that an Indian judgment against Mallya can legally be enforced on his assets in Wales and England.
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Indian aviation sector is likely to see an investment of Rs.1 lakh crore in the next five years with an aim to increase the capacity of the airports. The Cabinet Committee on Economic Affairs gave its approval on Wednesday towards the expansion and upgradation of the terminals in Guwahati, Chennai and Lucknow airports. The Airport Authority of Indian mentioned that they are working on the upgra... Read Full Article
India is a part of the club of the biggest military spenders in 2017 as the government has enhanced the operational capability of its armed forces due to tensions with Pakistan and China. India is at the fifth spot, after the USA, China, Saudi Arabia and Russia. The five countries together account for 60% of the total global military spending. The global military expenditure rose to $1,73... Read Full Article