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Safeguarding indigenous nuclear programme should be India’s top focus
The US was instrumental in getting India out of its nuclear isolation with the 2008 civil nuclear dealIt is expected that a pact would be signed between Westinghouse and state-run Nuclear Power Corp. of India Ltd, or NPCIL, during US President Donald Trump’s visit
1 min read24 Feb 2020Westinghouse capable of delivering India nuclear reactors: Rick Perry
US energy secretary Rick Perry says Westinghouse is emerging out of bankruptcy and is now capable of delivering the planned six nuclear reactors to India on time
2 min read17 Apr 2018Brookfield affiliate to buy Westinghouse for $4.6 billion
Brookfield Business Partners says that it and institutional partners would use $1 billion of equity and $3 billion of long-term debt financing to buy Westinghouse Electric
1 min read9 Jan 2018Toshiba seeks $5.4 billion cash injection to avoid delisting
Toshiba plans to sell shares to raise $5.4 billion and will explore a divestment of its Westinghouse-related assets in a bid to avoid being removed from the Tokyo Stock Exchange
1 min read20 Nov 2017Kanoria Foundation’s Shristi Hotel looking to buy business hotels, resorts
Shristi Hotel has set aside Rs1,500 crore to acquire business hotels and resorts in Mumbai, Chennai and Bengaluru
1 min read9 Nov 2017Westinghouse: Bankruptcy in US won’t impact India nuclear power project
Westinghouse has a restructuring plan in place and expects to be out of bankruptcy by early 2018, thus not affecting the India nuclear power project
1 min read27 Oct 2017Indian-American entrepreneur offers fast track mini nuclear reactors to India
An Indian-American entrepreneur has pitched for fast track mini nuclear reactors, saying they are economical and could be constructed within two years
4 min read8 Oct 2017Toshiba buying back 10% stake in Westinghouse unit for $522 million
Toshiba is buying back a 10% stake in Westinghouse Electric from minority shareholder Kazatomprom for 59 billion yen ($522 million), taking full ownership of the bankrupt US unit
1 min read3 Oct 2017US nuclear firm Westinghouse sees end to bankruptcy proceedings in 2018
Westinghouse CEO Jose Gutierrez says the firm emerging from Chapter 11 proceedings could happen quickly once a solution was found for the remaining two US reactors under construction in Georgia,
2 min read16 Sep 2017India takes three steps to implement nuclear deal: US
India has taken three steps to implement the civil nuclear deal with the US to enhance confidence of the firms in the country's nuclear industry, says a top US diplomat
1 min read8 Sep 2017Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared