Prime Minister Narendra Modi met Joe Biden at the White House on Friday in his first bilateral meeting with the US president during which the two leaders are expected to discuss a wide range of priority issues, including combating Covid-19, climate change, economic cooperation as well as Afghanistan.
The proposed amendments to the Consumer Protection (E-Commerce) Rules, 2020, that are envisioned to protect consumer interests, may further compound the impact of multiplicity of regulations on the e-commerce sector, the Indo-American Chamber of Commerce (IACC) had told the ministry of consumer affairs. IACC, the apex bilateral chamber for Indo-US business, had told the government that the proposed amendments would increase compliance liabilities that risk severely impairing the growth of the sector.
Few people know Ratan Tata as well as R K Krishna Kumar does. Widely perceived to be among the managers closest to Tata, Krishna Kumar assesses Ratan Tata, the man and business leader, in this exclusive interview to Rediff.com's Vaihayasi Pande Daniel.
After years of disappointing growth, the economy and the markets are poised for a breakout, notes Akash Prakash.
'Wherever in the world there is political instability, those countries are beset with severe crises today. But India is in a much better position than the rest of the world due to the decisions taken by my government in the national interest,' President Droupadi Murmu said in her address to both Houses of Parliament.
This doctor couple put their faith in India. And in return India has put faith in them.
Major carmakers in the country are loading barrels for the coming battle in the field, reports Arnab Dutta.
The share of public sector undertakings (PSUs) in the total market capitalisation of listed companies--at an all-time low of 10 per cent currently --- may get a leg-up from the government's divestment push. Recently the government announced the successful sale of national carrier Air India to Tata Sons, India's first privatisation of a PSU since 2002-03. The transaction is expected to be completed by December.
Venture Intelligence data shows that during January to July 2020, investors infused $998 million in 31 deals. The total number of deals reported in 2019 was 42 worth $404 million.
Sixteen states -- Maharashtra, Chhattisgarh, Uttar Pradesh, Karnataka, Delhi, Tamil Nadu, Madhya Pradesh, Gujarat, Haryana, Rajasthan, Punjab, Kerala, Telangana, Uttarakhand, Andhra Pradesh and West Bengal -- are displaying an upward trajectory in daily new cases.
The Serb set up the breakaway PTPA on the eve of the US Open in September and resigned as head of the player council but last month he confirmed that he had been nominated by his fellow professionals for the current elections which he accepted.
In a tweet, Prime Minister Narendra Modi said India is deeply honoured to be a 'long-trusted' partner in meeting the healthcare needs of the global community and that supplies of the vaccines to several countries will commence on Wednesday, and more will follow in the days ahead.
Brinkmanship in the Taiwan Strait will not only be a recipe for disaster to both China and Taiwan, but also to international peace and stability, warns Rup Narayan Das.
'India should play the role of a good neighbour, a mediator. and they should stand beside the people of Afghanistan. As a woman, as a human being, I will advise the Indian government to play the role of a peacemaker'
The NTAGI has also stated that those having laboratory test proven SARS-CoV-2 illness should defer COVID-19 vaccination for six months after recovery, the sources said.
Being part of category-I implies lower compliance burden, simplified know-your-customer norms and documentation requirements, and fewer investment restrictions.
Harsh Vardhan said that 51 crore COVID-19 vaccine doses will be made available by July and 216 crore more between August and December.
Billionaire Mukesh Ambani-run Reliance Industries Ltd's retail arm on Thursday raised Rs 9,555 crore from Public Investment Fund (PIF) of Saudi Arabia, taking total fundraise in the last two months to Rs 47,265 crore. PIF will take a 2.04 per cent stake in Reliance Retail Ventures Ltd (RRVL), the Indian firm said in a statement. The investment values RRVL, the retail arm of Reliance Industries Ltd, at a pre-money equity value of Rs 4.587 lakh crore.
'If the new regime in Kabul wants diplomatic recognition, or to unlock the billions that are currently frozen, they will have to ensure safe passage for those who wish to leave the country, to respect the rights of women and girls, to prevent Afghanistan from, again, becoming an incubator for global terror, because that would be disastrous for Afghanistan'
Former ESPN Star Sports MD Sawhney has already been working alongside outgoing Chief Executive Richardson for the last six weeks to ensure a smooth transition.
eBay and PayPal will be sharper and stronger, and more focused and competitive as leading, standalone companies in their respective markets.
'An individual who maybe has had two vaccines, or has had two vaccines, and a booster, is going to be pretty well protected.'
For an industry which saw sales shrinking in 2013-14, this is hope indeed.
The apex court, while hearing a separate plea on the issue on June 7, had directed the state and the Faridabad municipal corporation to remove "all encroachments" in the Aravali forest area, saying "land grabbers cannot take refuge of rule of law" and talk of "fairness".
A 15 per cent corporate tax rate for services companies in SEZs, setting up a fund for deep-tech startups and establishing clusters to demonstrate design-to-manufacturing capabilities of tech firms were some of the key demands made by the IT sector at the pre-Budget consultation on Monday. The participants shared their views and suggestions regarding Big Data, incentives for encouraging setting up of data centres, fiscal incentives for data localisation, incentives for pushing digital penetration in rural areas, and corporate guarantee to startups for competing with other nations.
Former England all-rounder Phillip DeFreitas claims to have received during his playing days as he opened up on the raging issue of racism in sports. The 54-year-old DeFreitas, who took 140 and 115 wickets in 44 Tests and 103 ODIs respectively for England, said the multiple death threats that he received affected his international career as he couldn't focus on cricket.
Foreign investors, according to them, will now wait-and-watch how the economy takes shape in the backdrop of doubts over monsoon, interest rate trajectory and other global events such as the US - China trade war.
Record equity divestment by the Reliance Group in its telecom and retail businesses garnering around $23 billion revved up the deal street in 2020, which otherwise would have gone down as one of the dullest on record, and dealmakers are seeing sunnier days in 2021 given the large scope for consolidation in a slew of sectors ravaged by the pandemic. With Jio Platforms alone garnering over $16 billion (Rs 1,18,318 crore) by selling 25.24 per cent stake and Reliance Retail notching up $6.4 billion (Rs 47,265 crore) by divesting around 9 per cent shareholding, the deal street signed off with $85 billion in the deal kitty across 1,270 transactions. This is higher by about 10 per cent over 2019. What is significant is that over a third of the total deal value came from Reliance transactions, say investment bankers.
Organisations today are more focused on candidates' skills that will not only add business value to the organisation but also help them thrive.
For Kohli, a trophy-less cabinet doesn't do justice to the champion performer that he has been for a decade.
A day after the Reserve Bank of India (RBI) lifted its ban on HDFC Bank on issuing new credit cards, the country's largest private sector lender on Wednesday said it had resources and plans in place to "further reinforce pole position in the credit card segment" and that it would "come back with a bang". "We will aggressively go to the market, with not just our existing suite of credit cards but also new offerings in the form of co-brands and partnerships," Sashidhar Jagdishan, managing director and chief executive officer of HDFC Bank, said in a letter to his employees. The bank's management had earlier indicated that the lender had been sourcing liability customers aggressively over the past few months.
The sentiment in the real estate industry turned optimistic during October-December 2020 and the outlook for the next six months is positive on the back of revival in demand for both residential and office properties, according to a survey by Knight Frank India-FICCI-Naredco. The 27th edition of 'Real Estate Sentiment Index Q4 2020 survey' of developers, banks, financial institutions and private equity players operating in the sector was released on Monday in a video-conference. As per the report, the 'Current Sentiments Score', for the first time in 2020, entered the optimistic zone at 54 points in Q4 (October-December) 2020, a significant jump of 14 points over the previous quarter.
'There was so much grace, depth and serenity in him.'
Here's the full text of address to the nation by President Ram Nath Kovind on the eve of the Republic Day 2022.
As the pandemic unfolded, the India-China relationship has come under severe stress. To restore normalcy, agreements between the two countries must be respected scrupulously in their entirety. Where the Line of Actual Control is concerned, any attempt to unilaterally change the status quo is unacceptable, declares External Affairs Minister Dr Subrahmanyam Jaishankar.
'After multiple days of losses, any relief rally is welcome. However, the trend hasn't changed.'
Currently, the country is using two 'made-in India' jabs -- Covishield and Covaxin -- to inoculate its billion-plus population and has administered 20 crore doses since launching the world's largest vaccination drive in mid-January. A third vaccine, Russian-made Sputnik V, has been approved by the government and is being used on a smaller scale at present.
Private equity (PE) is set to play a bigger role in banks. Of 21 recommendations accepted by the Reserve Bank of India (RBI) out of 31 made by its Internal Working Group (IWG), its stance on non-promoter holdings in private banks is seen with excitement, though it doesn't refer to PEs explicitly. On non-promoter holdings in these banks, the RBI said this will be capped at 10 per cent of the paid-up voting equity share capital in the case "of natural persons and non-financial institutions and entities"; and "at 15 per cent for all categories of financial institutions, entities, supranational institutions, public sector undertaking, or the government." While this is a modification of the IWG's stance for the non-promoter holding in banks at up to 15 per cent, it does open up a huge window for PEs, all the same. This is because, while the RBI has remained silent on the eligibility of industrial houses for bank licences, fresh high-quality capital in large amounts can only come from PEs.
'With more and more young people relocating outside their home states for work, an all-India MLDA of 21 would be a good way to ensure that more Indians can go with the flow,' recommends Kanika Datta.
The deal, as well as some other strategic and financial investments in works, will help Ambani cut debt at RIL.
