Business

No leadership structural changes on the anvil: Tata Sons


Mumbai: Tata Sons Ltd's Chairman Natarajan Chandrasekaran has clarified that "no leadership structural changes are on the anvil, as speculated in certain sections of media". A source-based report by a newswire had stated that Tata Sons is considering "historic revamp of its leadership structure by creating a Chief Executive Officer's role to help improve corporate...

Reforms to change framework of Indian telecom sector: Minister


New Delhi: As the Union Cabinet approved several reforms and relief measures for the telecom sector, Union Minister for Communications, Ashwini Vaishnaw said that these measures will change the entire framework of the Indian telecom sector. Among several decisions, the Cabinet has approved a four-year moratorium on all dues by telecom operators including the adjusted...

India, US launch ‘Climate Action and Finance Mobilisation Dialogue’


New Delhi: India and the United States have launched the Climate Action and Finance Mobilization Dialogue (CAFMD) with Union Environment Minister Bhupender Yadav and US Special Presidential Envoy for Climate Change, John Kerry, reiterating pledges to enhance actions to meet the goals of the Paris Agreement. The CAFMD is one of the two main tracks...

US carmaker Ford pulls out of India market


After operating for 25 years in India, American auto major Ford Motor Co has decided to pull the plug on local manufacturing. The US automaker said that it would "take a hit of about $2 billion as it does not see a path to profitability in India." The company, which has once tasted success...

America Waning


By  Neera Kuckreja Sohoni In “The Republic of Wrath” (Basic Books, NY, 2020), author James Morone speaks of a “deep current running through the American story”.  Each generation “insists that the immigrants they despise are different - a far greater threat to the nation - than those who came before”. (p.110) After settling in and solidifying...

RSS distances itself from ‘Panchajanya’ article targeting Infosys


New Delhi: The Rashtriya Swayamsevak Sangh (RSS) distanced itself from an article published in Panchajanya, a journal championing Hindu cause, that attacked Infosys’ Chairman Nandan Nilekani over glitches in the income tax portal. The clarification by Sunil Ambekar, All India Prachaar Pramukh (communications chief) of the RSS, activists said, may have come after “somebody...

India may let foreign investors buy up to 20% in LIC IPO


New Delhi: The Indian government is considering allowing foreign institutional investors to buy up to a total of 20% in state-owned Life Insurance Corporation (LIC), a government source said, as it presses ahead with a stake sale, reports Reuters. The listing of LIC is set to be India’s biggest ever initial public offering (IPO), with...

Why Infosys is latest RSS target


Why Infosys is latest RSS target By Radhika Ramaseshan  The Rashtriya Swayamsevak Sangh (RSS) directly targeted India’s IT pioneer and major Infosys through its in-house Hindi mouthpiece, “Panchajanya”, demanding accountability for the glitches that cropped up in the new income tax filing portal developed by Infosys, days after the company’s CEO, Salil Parekh was summoned by...

‘US economic recovery slowing due to Delta variant spread’


Washington: The US economic recovery from the Covid-19 pandemic is slowing due to the spread of the Delta variant and a sizable segment of unvaccinated people, Joseph Brusuelas, chief economist at accounting and consulting firm RSM US LLP, has said. "In the United States, infections have increased to a rate of 157,000 per day, with...