The government has shortlisted Cyril Amarchand Mangaldas for giving legal advice on upcoming mega IPO of India's largest insurance company LIC, an official said. Four law firms - Crawford Bayley, Cyril Amarchand Mangaldas, Link Legal and Shardul Amarchand Mangaldas & Co - had made presentations before the Department of Investment and Public Asset Management (DIPAM) on September 24. Following presentations, Cyril Amarchand Mangaldas has been selected as legal advisor for the initial public offering (IPO) of Life Insurance Corporation (LIC), the official told PTI.
Britain's Prime Minister-elect Liz Truss will spend Monday putting finishing touches to her new cabinet after being elected Conservative Party leader and is expected to unleash a complete shake up of outgoing leader Boris Johnson's top team.
The government has appointed 10 merchant bankers including Goldman Sachs (India) Securities, Citigroup Global Markets India, and Nomura Financial Advisory and Securities India to manage the mega initial public offering of country's largest insurer LIC. Other selected bankers include SBI Capital Market, JM Financial, Axis Capital, BofA Securities, JP Morgan India, ICICI Securities, and Kotak Mahindra Capital Co Ltd, a circular on the divestment department website said. "Government has finalised the book running lead managers and some other advisors for the IPO of LIC," DIPAM Secretary Tuhin Kanta Pandey tweeted. The divestment department had invited applications for the appointment of merchant bankers on July 15.
There was no clear winner between former chancellor Rishi Sunak and Foreign Secretary Liz Truss on Tuesday after the UK's prime ministerial candidates went head-to-head in their first television debate as finalists and clashed fiercely on their economic policies and tax plans.
China represents the "largest threat" to Britain and the world's security and prosperity this century and there is evidence to suggest it has targeted countries from the US to India, UK prime ministerial candidate Rishi Sunak said on Monday.
The 42-year-old British Indian MP for Richmond in Yorkshire maintains his lead in the race to replace Boris Johnson as nominations formally opened for the contest.
The meeting between Jaishankar and Pompeo comes at a time both India and the US are at loggerheads with China.
In New Delhi, Singh will continue US administration's ongoing consultations with India, and advance a range of issues in the US-India economic relationship and strategic partnership.
External Affairs Minister S Jaishankar will arrive in New York on Sunday to participate in the high-level 77th session of the UN General Assembly, which kicks off on September 20 with the opening of the general debate.
Pakistan on Wednesday said it has formally informed India about its decision to allow the transportation of an Indian humanitarian shipment of 50,000 metric tonnes of wheat and life saving drugs to neighbouring Afghanistan through its territory on an 'exceptional basis for humanitarian purposes.'
Prime Minister Narendra Modi said on Monday that the partnership between India and Germany could serve as an example of success in a complex world as the two sides inked several agreements focused on sustainable development under which India would receive USD 10.5 billion assistance by 2030 to boost the use of clean energy.
Sri Lanka's former finance minister Basil Rajapaksa, who is the youngest brother of President Gotabaya Rajapaksa, was stopped from boarding a flight to Dubai on Monday evening, local media reported.
Foreign Secretary Harsh Vardhan Shringla has met top Biden administration officials, including Secretary of State Antony Blinken and Deputy Secretary Wendy Sherman, and held substantive discussions with them on the strategic bilateral ties and regional and global issues like the current situation in Afghanistan after the Taliban seized Kabul.
'I want to thank the Prime Minister of India for supporting us'
"President Biden has had warm and productive early conversations with his counterparts in Australia, India, and Japan, and looks forward to engaging even more directly with our partners in the Indo-Pacific as soon as possible," a senior administration official told PTI.
China criticised the forthcoming meeting of the Foreign Ministers of India, Australia, Japan and the United States in Tokyo, saying it is opposed to the formation of "exclusive clique" harming third party's interests.
The UK's prime ministerial race frontrunner, Rishi Sunak, spoke of his pride in what his Indian parents-in-law -- Infosys co-founder Narayana Murthy and Sudha Murty -- had achieved, as he fought back over media commentary around wife Akshata's family wealth.
Defence Minister Rajnath Singh on Wednesday conveyed to US Defence Secretary Lloyd Austin India's concerns over Washington's decision to provide sustenance package for Pakistan's F-16 fighter jet fleet.
India and Japan on Thursday agreed to enhance military exercises and defence cooperation as the two countries emphasised that the bilateral special strategic and global partnership plays a crucial role in ensuring a free, open and rules-based Indo-Pacific, amidst China's aggressive behaviour in the region.
Former Chancellor Rishi Sunak extended his lead in the United Kingdom prime ministerial race on Wednesday with the highest number of votes at 88 in the first round of voting by Conservative Party MPs, which narrowed down the race from eight to six candidates on the shortlist.
The Enforcement Directorate (ED) has begun the process of freezing at least five bank accounts of Arpita Mukherjee, the associate of arrested West Bengal minister Partha Chatterjee, where they have found at least Rs 2 crore, a senior official said on Saturday.
"I cannot deliver the mandate on which I was elected," she said speaking outside Downing Street.
Rishi Sunak rushed to the side of a television host after she fainted live on air during a UK prime ministerial election debate, which was cancelled mid-way through.
The Taliban is showing its strong discontent as the high hopes given to it by the Pakistani military have been dashed, observes Ambassador M K Bhadrakumar.
The US hopes India will "reconsider" its decision to ban wheat exports, with Washington "encouraging" countries not to restrict exports as that will exacerbate food shortages, amidst Russia's invasion of Ukraine. India, the world's second-biggest wheat producer, has banned wheat exports in a bid to check high domestic prices amid concerns of wheat output being hit by scorching heat waves. The decision would help control retail prices of wheat and wheat flour, which have risen by an average 14-20 per cent in the last one year, besides meeting the foodgrain requirement of neighbouring and vulnerable countries.
Sri Lankans were on the edge on Tuesday as they waited whether embattled Gotabaya Rajapaksa will honour his offer to resign as president, amid signs that key members of the erstwhile powerful ruling family were attempting to flee in the face of massive public anger against them for mishandling the economy that has bankrupt the country.
Rishi Sunak has revealed that his former boss, Boris Johnson, has not returned any of his messages and calls since he resigned from his cabinet as chancellor, implying tension between the duo as the British Indian former minister battles it out in a tough race to be elected the next leader of the UK's governing Conservative Party.
'We know that our Indian partners are committed to that rules-based international order. There are any number of tenets in that order. One of them is that borders cannot be redrawn by force'
The United States will continue to support India with equipment and other things it needs along the Line of Actual Control (LAC) with China, a top American admiral has told lawmakers, asserting that Washington and New Delhi share a 'tremendous partnership'.
Prime Minister Mahinda Rajapaksa became the only member of the family to retain a cabinet position in his younger brother Gotabaya Rajapaksa's new cabinet of 17 ministers appointed on Monday, as the island nation was facing the worst economic crisis.
The crux of the UK prime ministerial frontrunner Rishi Sunak's message was around honesty as he clashed with his four remaining rivals in the first televised debate of the race to replace Boris Johnson as the Conservative Party leader.
India will look to play a key role in the APEC, EU and Africa regions to increase its competitiveness.
Rishi Sunak on Tuesday scripted history when he was appointed by King Charles III as Britain's first Indian-origin prime minister after being elected unopposed as the new leader of the governing Conservative Party on Diwali.
In a big blow to embattled British Prime Minister Johnson, two of his senior Cabinet colleagues, including Chancellor Rishi Sunak, resigned on Tuesday, as they expressed their loss of confidence in his leadership amidst a spate of scandals.
In the midst of rising global concern over China's military expansionism, India and three other member nations of the Quad on Thursday vowed to uphold a rules-based international order underpinned by respect for territorial integrity and sovereignty, freedom of navigation and peaceful resolution of disputes.
During the meeting, President Xi addressed the ministers and discussed the bilateral issues among the countries and the issues affecting the South-Asian regions.
'Mr Modi believes the world is like him. He thinks every one has a price or can be intimidated. He will never understand that those who fight for the truth have no price and cannot be intimidated,' Gandhi said in a tweet.
The Enforcement Directorate on Friday said it has issued a show cause notice to the country's largest cryptocurrency exchange for undertaking transactions worth over Rs 2,790 crore in alleged violation of the Foreign Exchange Management Act (FEMA). WazirX, registered under the company named Zanmai Labs Pvt Ltd, was incorporated in December, 2017 as a domestic cryptocurrency start-up and its directors Nischal Shetty and Hanuman Mhatre, along with the company, have been named in the notice issued by the central probe agency after completion of investigation. The agency issued a statement saying that it stumbled upon the transactions of the company during an ongoing money laundering probe into the "Chinese-owned" illegal online betting applications.
India's total purchase of oil from Russia in a month is probably less than what Europe does in an afternoon, External Affairs Minister S Jaishankar said.
'India has a strong and proud tradition of strategic autonomy, and we respect that'
