Bansal has picked up a majority stake in Chaitanya Rural Intermediation Development Services, a company which runs microfinance institution Chaitanya India Fin Credit.
"I think very soon. We are doing very well. (US Trade Representative) Robert Lighthizer who is right here negotiating with India... I think, very soon we will have a trade deal," Trump told reporters when asked if there is any trade deal is expected between India and the US.
Days before Narendra Modi arrives in the US to speak at the UN, meet Barack Obama, gupshup with the likes of Nadella, Pichai, Zuckerberg, and address desis in Silicon Valley, his ministers will help set the commercial and strategic tone for the prime minister's visit.
It is now probing the quality of AIDS medicines supplied by the company to developing countries under US government-funded programmes. Estimates suggest that Ranbaxy has received over $9 million from the programme so far. Ranbaxy had a turnover of $1.5 billion in 2007-08, of which a quarter came from US sales.
The Budget emphasises on capacity building and empowerment of marginalised sections of society including farmers.
'Dr Singh, visibly relieved, said, 'Yesterday night I couldn't sleep. I stayed awake, praying throughout. You have saved the country'.' A fascinating excerpt from former atomic energy chief Dr Anil Kakodkar's memoir Fire And Fury: Transforming India's Strategic Identity.
On the eve of the Nuclear Suppliers Group's extraordinary plenary meeting to decide on nuclear commerce with India, Foreign Secretary Shiv Shankar Menon will brief the current chair Germany and two other key members of the 45-nation NSG.
The United States and the European Union on Friday led the international community in promptly welcoming the International Atomic Energy Agency's approval of India-specific safeguards agreement, saying it will boost non-proliferation efforts and hoped that the Nuclear Suppliers' Group will too give a waiver to New Delhi for nuclear commerce.
The delegations is expected to discuss the progress of two VVER-1000 (1000 MW each) plants, which will be commissioned soon, with Indian officials led by NPCIL Chairman and Managing Director S K Jain. They will also discuss the progress made on eight more proposed Russian reactors for India, Nuclear Power Corporation of India Limited sources said.
Two US Congress members have expressed doubts over the quality of inspections conducted by the US Food and Drugs Administration (FDA) on Indian drug manufacturing facilities.
Despite the devastating terror attack on Mumbai, the US-India Business Council has decided to take its largest ever trade delegation of American commercial nuclear executives to India in January next year.
Prime Minister Narendra Modi on Sunday said ties between India and Mongolia are not driven by competition against others but it is a relationship of immeasurable positive energy that comes from their spiritual links and shared ideals.
Market regulator SEBI on Tuesday said it will be able to take action against the culprits in Satyam accounting fraud case in the next one year.
India hopes to wrap up a safeguards agreement with the International Atomic Energy Agency later this month in Vienna, before approaching the Nuclear Suppliers Group, for changes to permit international nuclear commerce. India needs to reach a safeguards agreement and then get the nod of the 45-member NSG for operationalising the India-United States civil nuclear agreement.
Amidst uncertainties looming over the fate of Indo-US nuclear agreement, the US has asked India to go for some "tough choices" in making the deal a possibility. "President Bush pressed for the civilian nuclear agreement with India against strong opposition because he's committed to our long-term strategic partnership. Now India needs to make some tough choices," Commerce Sectary Carlos Gutierrez has said.
"Relevant cooperation is in strict accordance with the two countries' international responsibility and is for peaceful aim. We also receive the supervision of the International Atomic Energy Agency (IAEA)," Chinese Foreign Ministry spokesperson Hua Chunying said.
The three-month deadline for the finance ministry to take a decision on the recommendations of the commerce ministry has ended this week.
This was announced by Commerce and Industry Minister Kamal Nath at the conclusion of the 2nd meeting of India-Russia Forum on Trade and Investment, coinciding with the visit of Russian Prime Minister Victor A Zubkov in New Delhi on Wednesday.
Two United States senators have asked the US Food and Drug Administration (USFDA) to provide details of market approvals given to all medicines sold by India's largest drug-maker Ranbaxy in that country.
Commerce and Industry Minister Kamal Nath has said that a broad political consensus was necessary on the deal. Nath pointed out that it was because of this consensus that economic reforms have continued despite changes in governments and prime ministers. He said that it needs to be looked more as an energy deal rather than nuclear deal. To ease the tight power situation, he said India is looking for clean coal technology as also alternative sources of energy.
60-year-old Mehbooba Mufti had been under preventive detention since August 5 last year, when the Centre announced abrogation of Article 370 of the Constitution granting a special status and bifurcation of the erstwhile state into two union territories -- Ladakh, and Jammu and Kashmir.
Even as Pakistan continues to urge the international community to accept its membership to the Nuclear Suppliers Group, highly placed sources in the United States who are involved with the tracking of nuclear commerce have claimed that Islamabad is still selling nuclear materials to North Korea.
This would be the highest level of engagement between the two countries after Obama's trip to New Delhi in January to attend the Republic Day parade as the chief guest of Prime Minister Narendra Modi.
"What is required is to convince the NSG of the non-proliferation benefits of the deal," Stratford, director at the Office of Nuclear Energy Affairs in the US State Department, said.
US foreign direct investment inflows into India will increase to $1 billion annually by 2010, according to Indo-American Chamber of Commerce.
Consultancy Services CEO S Ramadorai was named Manager Entrepreneur of the Year.
Hailing Prime Minister Narendra Modi and the Bharatiya Janata Party government, top industry captains pledged mega investments at the Vibrant Gujarat Global Summit
If Modi rethinks on pro-biz policies, investors will suffer.
The United States wants India to do more in developing a world-class infrastructure, energy security, creation of true national markets and protection of intellectual property rights to attract American investments.
In a first, Prime Minister Narendra Modi on Wednesday met the secretaries of all the government departments collectively and asked them to directly get in touch with him to resolve issues and expedite decision-making.
A civil services aspirant from Mumbai, Nehal Chudasama hopes to bring home the title of Miss Universe.
Romania on Tuesday invited investments from India in steel, pharmaceuticals and agriculture sector, even as it offered to share its expertise in the energy sector.
Amid China's growing assertiveness in South China Sea, India, Japan and the US at their first ever trilateral ministerial dialogue in New York.
The appointment of new expenditure secretary comes a month-and-a-half ahead of the Budget for 2020-21 to be presented on February 1.
US Ambassador Richard Verma said there was a need to strengthen democracy in Pakistan while putting pressure on the country to tackle terrorism and bring to book perpetrators of terror attacks.
The deal brings the two start-up stalwarts - Bansal and Ola co-founder and chief executive officer Bhavish Aggarwal - together in the backdrop of growing foreign control in this space.
Prime Minister Sushil Koirala on Thursday met leaders of all 31 political parties to discuss key issues, including a key power trading pact, to be taken up with Prime Minister Narendra Modi during his maiden official visit to Nepal.
The UN Conference on Trade and Development (UNCTAD) said in a report on Monday that a lower but positive economic growth in India in the post-Covid-19 pandemic period and India's large market will continue to attract market-seeking investments to the country. The World Investment Report 2020 by UNCTAD said that India was the 9th largest recipient of FDI in 2019, with 51 billion dollars of inflows during the year, an increase from the 42 billion dollars of FDI received in 2018, when India ranked 12 among the top 20 host economies in the world.
