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.
The Competition Commission of India (CCI) on Tuesday said it has approved Reliance Retail Venture's acquisition of German firm Metro AG's wholesale operations in India. Reliance Retail Ventures Ltd (RRVL) is a subsidiary of Reliance Industries Ltd (RIL) while Metro Cash & Carry India is engaged in the wholesale operations in India. In December last year, it was announced that RRVL had signed definitive agreements to acquire a 100 per cent equity stake in the company for a total cash consideration of Rs 2,850 crore.
India's leading national commodity exchanges have asked the government to immediately lift the ban on futures trading on certain agricultural commodities.
When India's Commerce and Industry Minister Anand Sharma met his counterpart in Beijing last year, he spoke mainly about India's yawning trade deficit and China agreed that this was a problem that needed fixing.
Dev Uthani Ekadashi will be observed on November 23, when voting for the 200-member Rajasthan assembly will also be held.
The government has allowed the Enforcement Directorate to share information about economic offenders with 15 more agencies, including SFIO, CCI and NIA, a move that will expedite nailing of law-breakers. The finance ministry notified changes to the Prevention of Money Laundering Act (PMLA), 2002, on November 22. Through the notification, the Enforcement Directorate (ED), which deals primarily with cases of money laundering and violations of foreign exchange laws, would be able to share data with a total of 25 agencies, including the 10 specified earlier.
Bhatt said there is a shortage of 8,129 officers in the Indian Army that includes Army Medical Corps and Army Dental Corps.
The Adani group will be generating almost 90 percent of its Ebitda (earnings before interest, tax, depreciation, and amortisation) from infrastructure business by 2025 as compared to 83 per cent generated from these businesses currently, top company officials told bankers recently. Of the infrastructure business, 49 per cent of the profits are currently contributed by energy and utility, another 25 per cent by transport and rest by cement and logistics businesses. This will go up substantially as several new projects like Navi Mumbai airport and other projects get commissioned and contribute to the overall Ebitda pie, bankers were told.
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.
The European Commission will propose scrapping tariffs on jet fuel imports starting January 1, an official said on Friday.
Unable to penetrate the fast-growing Indian wine market, the American wine industry has charged New Delhi with adopting "highly protectionist measures" to shield the domestic industry.
The original MRTP Act did not contain the phrase UTP; it was introduced in 1984 through an amendment. The phrase is open to interpretation yet, though the Supreme Court bench differed on its definition, the issue has not been sent to a larger bench.
The amount constitutes 45 per cent of the railways' total wage bill.
After Tatas and Reliance, yet another corporate giant - the Rs 20,000 crore (Rs 200 billion) Essar Group is entering the inter-state power trading business.
Over the years, Khalistani extremists were further "emboldened" and started "operating with impunity" from Canada.
A parallel system of futures trading in commodities, operating outside recognised commodity exchanges, better known by its colloquial epithet Dabba, has been thriving unchecked and is believed to be now generating bigger trading volumes than the regular exchanges.
NSEL had earlier suspended trading and merged the settlement cycles of all one-day forward contracts.
The US market regulator has charged three individuals, including an investment banker with UBS, for running an insider trading ring.
"I am in favour of generally multilaterally liberalising trade and I think the rest of the world is moving towards doing that in a parallel track," says Montek Singh Ahluwalia.
The government is targeting export of goods and services worth $2 trillion by 2030.
The SEC's complaint charges Khan, Chaganlal, Mendonsa, and Akbari with violating the antifraud provisions of the federal securities laws.
Parliamentary Affairs Minister Prahlad Joshi has said that 31 bills will be taken up in the monsoon session. Among these include the Digital Personal Data Protection Bill, 2023.
Trading in agri commodities on Saturdays to be reviewed later; more changes likely in the coming months to align with global pattern.
Top American Senators on Monday called on Beijing to do more to stop violations of US intellectual property rights after the US International Trade Commission in a report said it found out Chinas infringement of IPR and discrimination against American industries.
British Prime Minister Boris Johnson, who landed in Ahmedabad on Thursday morning on a two-day India visit, was accorded a grand welcome at the airport in Ahmedabad. Soon after, he visited Sabarmati Ashram in the company of Gujarat Chief Minister Bhupesh Patel.
WhatsApp has stated that it does not intend to collect user data for advertising purposes.
The meeting chaired by Prime Minister Manmohan Singh was attended by Commerce and Industry Minister Kamal Nath and Planning Commission Deputy Chairman Montek Singh Ahluwalia. Industry leaders, including Ratan Tata, Rahul Bajaj, Mukesh Ambani and Sunil Bharti Mittal, who are members of the council, also participated in the discussions.
John Clancy, spokesperson for the European Commission's trade directorate, told Business Standard this week's talks would focus on 'tariffs and services'.
The country has also asked India to further reduce tariffs on goods.
The critics say the move is against the interest of the consumers and favours big corporate companies.
Offline brokers usually incur much higher costs than online brokers.
Imagine ten pallbearers and that one of them stumbles badly, and you get the picture of the risk inherent in slicing risk.
Thiruvananthapuram-born Dr Zachariah P Zachariah, a prominent cardiologist in Fort Lauderdale, Florida, has been exonerated of all charges in a long-standing US Securities and Exchange Commission insider trading case.
Indices reversed all its losses during late trades.
Mahindra & Mahindra chairman emeritus Keshub Mahindra passed away this morning in Mumbai due to old age. Mahindra, 99, breathed his last this morning at home peacefully, said a person close to the family. After joining the company in 1947, he became the chairman in 1963.
Ahead of the talks, the United Kingdom said it will offer India the best of British know-how on building battle-winning aircraft.
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