"The Government of India has issued an interim order for the blocking of 59 apps, including TikTok, and we are in the process of complying with it. We have been invited to meet with concerned government stakeholders for an opportunity to respond and submit clarifications," Nikhil Gandhi, head of TikTok India, said.
While most other big companies like Tata, Mahindra and Reliance remain non-committal on FDI, Nikhil Gandhi was the lone voice supporting 51 per cent FDI through the automatic route.
The contract was cancelled two weeks ago due to the delay in the delivery of the vessels, sources said. The contract to build five warships was signed with the company in 2011, much before the Reliance Group took over the Gujarat-based shipyard from its erstwhile owner Nikhil Gandhi.
According to market sources, Jhunjhunwala will acquire a significant minority stake in Pipavav.
TikTok is up against not just government sanction but also a set of feisty home-grown brands that have raised the 'vocal for local' banner to stake claim to the platform's vast small-town reach, point out T E Narasimhan and Sai Ishwar.
The ban in India would hit Chinese internet companies that were making headway in the world's fastest-growing mobile market.
Some US prominent lawmakers have urged the American government to follow suit as it is believed that the short video-sharing app is a major security risk to the country.
Urvi Malvania reports on the restructuring expected at Disney India under new MD Mahesh Samat.
Using Facebook video or YouTube for content distribution is not new.
Several CII defence committee members confirm this is now the official CII position, which conforms to that of industry bodies, Ficci and Assocham.
CEOs are not happy with scorecard so far but are ready to invest more as they think one year is too short a time to revive the economy
The dust over the controversy around foreign direct investment (FDI) in the defence sector appears to have settled.
Anil Ambani will take over as the chairman of Pipavav Defence
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