Washington: Ahead of Prime Minister Narendra Modi’s State Visit to the US, American corporate sector leaders have said they are upbeat and excited about India and want to see a deepening of technological convergence between the two countries in industries like semiconductors, defence, cybersecurity and telecoms. On Tuesday, the US India Business Council (USIBC) hosted its…
Washington: A trade advocacy group that represents US businesses has urged Prime Minister Narendra Modi and President Joe Biden to work towards achieving bilateral trade of USD 500 billion per annum. The two countries achieved bilateral trade of USD 190 billion last year. “By reaching that ambitious bilateral trade target (of USD 500 billion), together we…
New Delhi: Defence Minister Rajnath Singh on Tuesday said when India, the most populous nation of the world, does not find a seat as a permanent member of the United Nations Security Council, it tends to “undermine the moral legitimacy” of the global organisation. Addressing a gathering at a seminar held here to mark 75…
Colombo: The renewable energy project to generate 500 MW in Sri Lanka’s north and eastern regions undertaken by India’s Adani Group will be completed by December next year, Energy Minister Kanchana Wijesekara has said. Sharing the progress of the project, Wijesekara on Monday wrote on Twitter, “Progress of the 500 MW Renewable Energy Project in…
New Delhi: Handmade rugs maker Jaipur Rugs is embarking on a global expansion with plans to establish presence in Asia Pacific and Europe, targetting a total of 35 stores in the next five years, according to company Director Yogesh Chaudhary. The company, which on Tuesday opened its latest store in Dubai, is aiming to reach around…
New Delhi: The Indian labour market is indicating positive sentiments for the July-September quarter of this year and businesses in the IT industry continue to report the brightest hiring outlook, a survey said on Tuesday. According to the ManpowerGroup Employment Outlook Survey of nearly 3,020 employers, the labour market is indicating positive sentiments in the third…
New Delhi: Billionaire Mukesh Ambani’s Reliance Industries Ltd climbed eight spots to the 45th rank, the highest for an Indian company on Forbes’ latest Global 2000 list of public companies worldwide. The Global 2000 ranks the largest companies in the world using four metrics: sales, profits, assets, and market value, Forbes said while releasing the 2023…
New Delhi, Retail inflation declined to a 25-month low of 4.25 per cent in May mainly on account of softening prices of food and fuel items. Inflation based on the Consumer Price Index (CPI) stood at 4.7 per cent in April and 7.04 per cent in May 2022. This is the fourth straight month when retail…
Islamabad: Pakistan’s efforts to unlock access to the already agreed USD 6.5 billion loan package with IMF is in a quagmire after the cash-strapped country unveiled a subsidy and development-packed budget of Rs 14.46 trillion which experts say will do little to allay the concerns of the global lender. The Pakistan government on Friday unveiled a…
Kolkata: Myanmar Commerce Minister U Aung Naing Oo on Monday expressed hope that a Rupee-Kyat trade arrangement between the two nations is finalised by June-end. Oo said trade volume between the two countries will double once the arrangement being worked out as Myanmar which has been hit by US sanctions is unable to earn sufficient foreign…
