India

A day after advocating a nationwide lockdown and curtailment of economic activity to control the spread of Covid-19, CII President Uday Kotak on Monday called on the industry to take voluntary measures to break the chain of transmission of the virus. Reiterating ‘safeguarding lives’ as the highest collective national priority amidst the second wave of
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Unseasonal rain might halt farming activities over eastern and central India over the coming seven days, the weather bureau said. It has issued orange alerts for West Bengal, Odisha, Madhya Pradesh, and parts of central Maharashtra, which advises authorities to be prepared in case of any damage due to these weather events. “Thunderstorm with lightning/hail/gusty
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The Revolut logo displayed on a smartphone and a PC screen. Pavlo Gonchar | SOPA Images | LightRocket via Getty Images LONDON — Revolut, an online banking start-up based in the U.K., is planning an expansion into India. The London-based company announced Thursday that it had tapped Paroma Chatterjee, a former executive for Indian start-ups
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India is keen to advance talks with the European Union (EU) towards an agreement on investment facilitation and protection for mutually beneficial outcome, Commerce and Industry Minister Piyush Goyal said on Tuesday. The minister also emphasised on the need for proportional and simultaneous discussions on both trade and investment so that the two sides have
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The Insolvency and Bankruptcy Board of India (IBBI) is setting up two online platforms for selling distressed assets under Insolvency and Bankruptcy Code, opening up markets for soured debt involving resolution plans, interim finance and liquidation assets. The move will likely unlock big opportunities amid lockdown restrictions. This will likely make life easy for both
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The Indian economy’s recovery is likely to be ‘K-shaped’ instead of a ‘V,’ as rising inequality is poised to hit consumption and growth prospects, according to the country’s former central bank Governor Duvvuri Subbarao. “An important consequence of the pandemic has been the sharpening of inequalities,” he said in an interview Friday. “Growing inequalities are
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Union minister Anurag Singh Thakur on Thursday said India is open for stronger trade and investment with the European Union (EU). Portugal’s Minister of State for Internationalization Eurico Brilhante Dias called on Thakur ahead of the 5th Joint Economic Commission India-Portugal meeting in Delhi. The meeting would discuss the ongoing negotiation process of trade and
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A beneficiary gets vaccinated by health staff during a pan India Covid-19 vaccination drive at Aundh district hospital, on January 16, 2021 in Pune, India. Pratham Gokhale | Hindustan Times | Getty Images India reported more than 100,000 new Covid-19 cases over a 24-hour period for the third time this week as South Asia’s most
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The government will examine the United States’ proposed retaliatory tariffs on up to 25% on around 40 Indian products in response to India’s equalisation levy on non-resident ecommerce operators and take measures in line with public and commercial interests, officials have said. The United States Trade Representative (USTR) has proposed to impose retaliatory tariffs on
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India has opposed Japan’s suggestion to include the Asean countries in the Supply Chain Resilience Initiative (SCRI) which seeks to reduce dependence on China and build resilient supply chains in the IndoPacific region. While Japan is keen to on-board the 10-member Association of South East Asian Nations (Asean), officials said New Delhi wants to safeguard
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