New Delhi: Pipavav Defence and Offshore Engineering Company Ltd (PDOECL) is in "advanced stages" of discussions with DCNS for a strategic partnership, which may include selling some stake to the French defence major. "We are at an advanced stage of discussion with the French company, DCNS, a world renowned warship and submarine builder, for a strategic partnership that will allow for the transfer of state-of-the-art technologies to PDOECL.
"An investment from DCNS in our company is also on the cards," Pipavav's Chairman Nikhil Gandhi said in a communique to the shareholders. He did not elaborate further. In June 2012, Pipavav had said that it has decided to establish the strategic partnership with DCNS for bringing in its technologies, methods and skills.
DCNS product portfolio includes Scorpene submarine. Industry sources said that talks between the two firms are on for quite some time for forging the partnership, which include negotiations on Pipavav offloading some of its equity to DCNS.
However, both the firms are yet to finalise the size of the stake sale and its route, they said. The stake sale's route could be through issuing new equity to DCNS, thereby diluting the present share capital of Pipavav, they added. This could not be confirmed from the company. An e-mail and SMS sent to Nikhil Gandhi on the issue remained unanswered....
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04:45 PM, Apr 17, 2013
The port of Pipavav should have made money hand over fist ever since it started operations in 1998. After all, located deep in the Saurashtra region in south Gujarat, it is a gateway port that caters to landlocked regions like Delhi, the National Capital Region, Punjab and also the rich states of Maharashtra, Gujarat and Rajasthan. It handles more reefer trains (refrigerated trains that carry fish, meat, etc) than any...
10:59 AM, Apr 21, 2012
New Delhi: The Delhi High Court on Tuesday issued notice to the Central Bureau of Investigation (CBI) on the pleas of three officials of the Reliance Group for quashing charges framed against them in the 2G case. Justice ML Mehta sought the response of investigative agency by March 22. Reliance Group managing director Gautam Doshi, group president Surendra Pipara and senior vice president Hari Nayar moved high court challenging the...
08:00 PM, Mar 13, 2012
Davos: The founder of Wikipedia hailed the online encyclopedia's role in helping halt US legislation aimed at cracking down on Internet piracy, saying the proposed bills needed to be stopped because they were flawed. The idea to black out Wikipedia's English pages for 24 hours came from the site's volunteer editors, who voted overwhelmingly in favour of the move. Wikipedia was among a number of sites that argued the Stop...
12:43 PM, Jan 27, 2012
New Delhi: After US lawmakers stopped anti-piracy legislation in its tracks, Facebook expressed their relief in a post and thanked its users for their support and feedback. Like Wikipedia and others, Facebook, however, didn't go dark in protest against SOPA and PIPA, but it expressed its opposition to the anti-piracy bills. But after lawmakers put the bills on hold (until there is wider agreement on a solution), Facebook expressed their...
01:20 PM, Jan 21, 2012
Washington: US lawmakers stopped anti-piracy legislation in its tracks on Friday, delivering a stunning win for Internet companies that staged an unprecedented online protest this week to kill the previously fast-moving bills. Senate Democratic leader Harry Reid said he will postpone a critical vote that had been scheduled for January 24 "in light of recent events." Lamar Smith, the Republican chairman of the House of Representatives Judiciary Committee, followed suit,...
01:22 AM, Jan 21, 2012
New Delhi: Wikipedia will shut down its operations till Wednesday morning. The online encyclopedia, the world's seventh most popular website, is protesting anti-piracy laws that will be debated next week in the US Congress. SOPA or Stop Online Piracy Act and PIPA or Protect Intellectual Property Act primarily target sites like Pirate Bay, from where people illegally download movies and music. The problem is the laws are so loosely framed,...
07:59 AM, Jan 19, 2012
New Delhi: January 18 - Internet Blackout Day - is a date that will live in ignorance, as the world's largest encyclopaedia Wikipedia started a 24-hour blackout of the English version of the website. Wikipedia joined other big and small websites in a protest against pending US legislation aimed at shutting down sites that share pirated movies and other content. Wikipedia and other proponents of a free Internet believe that...
12:10 AM, Jan 19, 2012
New Delhi: Google users in cannot see the Google logo on its home page. Not because it has put up yet another innovative Google, but because the search engine giant has also joined the Internet blackout against proposed US legislation on online piracy. Unlike Wikipedia, Google hasn't blacked out its entire website but only its logo. This is only viewable to Google users in the US, though other users from...
06:58 PM, Jan 18, 2012
The English-language Wikipedia (http://en.wikipedia.org) will be blacked out for 24 hours across the globe from 05:00 AM UTC (10:30 AM IST) on January 18 in ...
07:49 PM, Jan 17, 2012
New Delhi: Three top executives of Reliance Telecom Ltd on Thursday moved the Delhi High Court challenging the trial court order framing charges against them in the 2G spectrum case. Justice VK Shali asked Reliance ADAG officials - Group Managing Director Gautam Doshi, Senior Vice President Hari Nair and Group President Surendra Pipara - to file short synopsis in addition to their petition against framing of criminal charges against them...
01:30 PM, Dec 22, 2011
New Delhi: After over seven months' stay in Tihar prisons, five top corporate executives accused in the 2G case were tonight released after being granted bail by the Supreme Court. The Supreme Court had earlier in the day granted bail to Swan Telecom Director Vinod Goenka, Unitech Wireless (Tamil Nadu) Ltd Managing Director Sanjay Chandra, and three top officials of Reliance ADA Group - Gautam Doshi, Surendra Pipara and Hari...
09:58 PM, Nov 23, 2011
New Delhi: Five top corporate executives accused of cheating, forgery and conspiracy in the 2G spectrum allocation scam have been granted bail by the Supreme Court, raising hopes of other accused including former telecom minister A Raja and DMK MP Kanimozhi, who have been jailed for more than six months. Following the first bail order in the 2G case by a two-judge bench of the Supreme Court comprising Justice GS...
08:54 PM, Nov 23, 2011
New Delhi: DMK MP Kanimozhi and former telecom minister A Raja must have heaved a sigh of relief after hearing the Supreme Court order of granting bail to five corporate executives charged in 2G spectrum allocation case, as the decision raises hopes for their release too. A few hours after the court order, Kanimozhi, Kalaignar TV MD Sharad Kumar and film producer Karim Morani moved the High court for early...
02:34 PM, Nov 23, 2011
New Delhi: As the 2G scam trial moves to Tihar jail, on Wednesday the Supreme Court will deliver its verdict on the bail pleas of Unitech's Managing Director Sanjay Chandra, Swan Telecom's Director Vinod Goenka as well of Reliance ADAG officials Gautam Doshi, Hari Nair and Surendra Pipara. All five have been lodged in Tihar jail for over six months. The Reliance executives, Gautam Doshi, Surendra Pipara and Hari Nair...
06:26 AM, Nov 23, 2011
New Delhi: The Supreme Court on Monday will hear the bail pleas of five corporate executives involved in the 2G scam. Unitech Wireless' MD Sanjay Chandra, Swan Telecom's Director Vinod Goenka and Reliance Anil Dhirubhai Ambani group's executives Hari Nair, Gautam Doshi and Surrendra Pipara will be appearing in court for the hearing. Meanwhile, CBI has instructed its lawyer to oppose their bail plea. On Sunday, the CBI decided to...
07:13 AM, Oct 31, 2011
Mumbai: State-run Mazagon Dock and private shipbuilder Pipavav Defence on Monday formed the country's first public-private partnership venture to build warship and submarines for the Navy. Pipavav Defence & Offshore Engineering Company (PDOL) and Mazagon Dock will have an equal stake in the joint venture - Mazagon Dock Pipavav. The partnership will also help Mazagon Dock to fast-track delivery of its Rs 1 lakh crore order book. "This partnership is...
06:18 PM, Sep 12, 2011
New Delhi: Reliance Anil Dhirubhai Ambani Group (ADAG) Chairman Anil Ambani met his company's executive Gautam Doshi at the Tihar Jail in New Delhi. Tihar Jail authorities had given Anil Ambani the permission to meet Doshi on Wednesday evening. Ambani was also granted the permission to meet another ADAG executive Surendra Pipara, who is admitted to the All India Institute of Medical Sciences (AIIMS). Doshi, Pipara and another senior ADAG...
05:23 PM, Jun 08, 2011
New Delhi: The Delhi High Court has rejected the bail application of all the five corporate executives in the 2G spectrum scam case. The five corporate executives - Gautam Doshi, Hari Nair, Surendra Pipara of Reliance Anil Dhriubhai Ambani Group, Swan Telecom Director Vinod Goenka and Unitech Wireless (Tamil Nadu) Ltd Managing Director Sanjay Chandra will continue to be in Tihar Jail. "The gravity of offence itself is sufficient to...
02:39 PM, May 23, 2011
New Delhi: The three top Reliance executives and two other corporate leaders, sent to Tihar Jail by the trial court for their alleged involvement in the 2G spectrum scam, cannot expect any relief before April 26. The new address of Unitech Wireless (Tamil Nadu) Ltd Managing Director Sanjay Chandra, Swan Telecom Director Vinod Goenka, ADAG Group MD Gautam Doshi and two other ADAG officials Surendra Pipara and Hari Nair is ...
03:59 PM, Apr 23, 2011
