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India and Russia sign energy, defense deals worth billions
October 15, 2016 by admin · Leave a Comment
India and Russia signed billions of dollars of defense and energy deals on Saturday at a summit that sought to inject new life into a relationship that has been tested by shifting global alliances and conflict in the Middle East. Under the biggest agreement, a group led by Russian state oil major Rosneft said it would pay $12.9 billion for a controlling stake in both India's Essar Oil and port facilities that it owns. The countries, …
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India and Russia sign energy, defense deals worth billions
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U.S. Air Force defends bomber competition process
November 10, 2015 by creative · Leave a Comment
U.S. Air Force Secretary Deborah James defended on Tuesday the process that selected Northrop Grumman Corp to build the next-generation U.S. bomber, saying it was “very deliberate” and included a number of independent reviews. James said the Air Force stood by its decision, announced last month. GAO is due to rule on the issue by Feb. 16, 2016.
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U.S. Air Force defends bomber competition process
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China says no tough rules for foreign bank card firms
November 10, 2015 by publisher · Leave a Comment
China will not impose tough licensing restrictions on overseas bank card providers seeking to enter the country's $7 trillion card payment market, a senior central bank official said on Tuesday. “We will actively and cautiously open up China's card payment market according to laws and regulations, and encourage fair competition,” Fan said. Foreign card companies, including Visa Inc and MasterCard Inc , have been lobbying for more than a decade for direct access to China's fast-growing cards market, which is projected to become the world'…
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China says no tough rules for foreign bank card firms
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GE, Alstom land $5.6 billion deals to supply Indian railway
November 10, 2015 by creative · Leave a Comment
General Electric and Alstom have won contracts worth a combined $5.6 billion to supply India's railways with new locomotives, as the vast but dilapidated state-owned network looks to foreign companies to help it modernise. France's Alstom has been picked to…
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GE, Alstom land $5.6 billion deals to supply Indian railway