Weak brand image and poor marketing continues to affect the prospects of Indian exports to the European Union, a top official of the European Commission said in Chennai.
Google has termed as "tainted" the investigations done against it by CCI, contending that the two informants on whose complaint the fair trade regulator has initiated the enquiry were working at the same office that was investigating the tech major. This was "against the principles of natural justice", Google said in the petition filed before the National Company Law Appellate Tribunal (NCLAT), adding the Competition Commission of India (CCI) should have refrained from initiating an investigation based on a complaint filed by their own employees. "At the very least, the Commission could have debarred the Informants from working in the DG office while the investigation was ongoing, to ensure that the investigating officer was able to impartially assess the case without any influence, such that no concerns could arise on the independence of the investigation," said Google.
In a significant development, India is believed to have placed a funding request of around $55 million in its first call with the Pandemic Fund of the World Bank, sources said. The fund has been set up to finance critical investments in a bid to strengthen pandemic prevention, preparedness, and response capacities at national, regional, and global levels, with a focus on low- and middle-income countries. It was created in the aftermath of the Covid-19 global pandemic.
India has joined 14 other nations and the European Commission in signing a crucial pact to coordinate hydrogen research and technology development.
Three multilateral agencies -- the World Bank, UK's Department for International Development and the European Commission -- will provide $1 billion for the government's education project 'Sarva Siksha Abhiyan'.
Notably, Ukrainian forces disabling bridges across the Dnipro river and attacking Russian supply lines made it very difficult for Russia to defend the occupied territory.
The European Union on Tuesday decided to lift a ban on the import of mangoes from India after the country made improvements in plant health controls and certification system, clearing the way for them to return to the 28-member bloc.
It is being suggested that apps, such as WhatsApp and Telegram, should share their APIs with each other to ensure there is interoperability, just as it exists across email services.
Commerce and Industry Minister Anand Sharma and European Union Trade Commissioner Karel De Gucht concluded another round of talks on Monday at the European Commission headquarters in Brussels, which the Commission said 'provided a renewed momentum to bring the negotiations forward'.
The enduring legacy of trade routes lies in shared stories and religious diversity. Can the India-Middle East-Europe Economic corridor harness this legacy to empower nations, asks Arundhuti Dasgupta.
The European Commission has unveiled plans for a radical reform of the European Union's economic governance to tackle the underlying causes of the current debt crisis in the euro area.
A transatlantic international commission will conduct a probe into the ethnic violence against Uzbek minorities in south Kyrgyzstan that killed 2,000 people and left at least 4,000 displaced.
The proposed comprehensive free trade agreement between India and the 27-nation EU bloc includes relaxation of visa norms for professionals.
Europe's leaders have expressed delight over the awarding of this year's Nobel Peace Prize to the European Union and hailed it as a tremendous honour and encouragement for their endeavour to promote unification, amid derision from the British press which called the decision "frivolous".
Internet major Google is facing probes by fair trade regulators in India, Europe and three other jurisdictions for alleged anti-competitive practices.
The European Commission has approved the acquisition of the German speciality polyester manufacturer Trevira by Reliance Industries Ltd, the largest Indian private sector company.
The European Commission has approved a relief package that its member states can announce in support of the airline industry.
Ahead of the Indo-European summit scheduled on November 30 in New Delhi, the Commission yesterday said the statistics underscore the growing importance of the emerging Indian economy in the world food trade and the overall trade with Europe, which has grown by 80 per cent since 2000.
Of the eight RBI governors who have held office since the 1991 economic liberalisation, Bimal Jalan had the longest stint and S Venkitaramanan, the shortest. Current Governor Shaktikanta Das will overtake Bimal Jalan before completing his second term in December, points out Tamal Bandyopadhyay.
The negotiations on a EU-US FTA will set the standards not only for the future transatlantic trade and investment, including regulatory issues, but also for the development of global trade rules.
Portugal will have to pay an interest rate of 5.7 per cent on the loan from the EU and the IMF.
John Clancy, spokesperson for the European Commission's trade directorate, told Business Standard this week's talks would focus on 'tariffs and services'.
Football's transfer system needs to be reformed to allow a fairer distribution of wealth in the game, the European Commission said in a report.
EU says Google unfairly pushes own apps with Android
Social networking site, Facebook, has faced sharp criticism from the European data protection officials for putting users privacy at risk due to the changes it brought to its service, a media report said.
The sources said friends of India prevailed over those of Pakistan in the European Parliament on Wednesday.
Prathap Reddy, chairman, Apollo Hospitals group, said the group was aiming to provide the best of West and East in healthcare.
According to the Global Entrepreneurial Report India is the global leader for entrepreneurism.
In a statement on Tuesday, the European Commission said it had requested 'information from certain pharma companies asking them to submit copies of their patent settlement pacts.'
Under the slogan "Fakes cost more", the European Union is to throw its weight behind a global campaign against counterfeiting. A rare Ferrari and kung-fu-kicking monks will help launch the drive in Brussels on Monday. Jose Manuel Barroso, the European Commission president, is to open a counterfeiting summit attended by businesses, charities and campaign groups
The European Commission on Thursday announced a set of proposals aimed at increasing the economic and fiscal coordination of European Union member states.
According to a source on the Indian side, New Delhi and Brussels have agreed to eliminate tariffs on 90 percent of all tradable goods. But, India wants the EU to up their offer to include 95 percent of goods, while the EU wants India to offer a slash in tariffs on 98 percent of goods.
The EU is still an India in the making.
Strong performance by its US subsidiary Novelis and better returns in the copper business helped Hindalco Industries post consolidated revenue growth of 2 per cent quarter-on-quarter (Q-o-Q) to Rs 54,100 crore in the July-September quarter of 2023-23 (Q2FY24). Novelis' Flat Rolled Products (FRP) volumes grew 6 per cent Q-o-Q to 933,000 tonnes (down 5.2 per cent Y-o-Y) on better North American and European volumes. The consolidated earnings before interest, taxes, depreciation, and amortization (EBITDA) declined 2 per cent Q-o-Q to Rs 5,610 crore despite lower input costs in India and better Novelis performance.
The decision was taken along with six partner countries backing the so-called International Thermonuclear Experimental Reactor project.
About 73 per cent of the fake medicines seized at the European borders last year was routed through the UAE, a newspaper report has said.
European Commission charges follow a two-year investigation.
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