Business

Taking stock of Growth Story of Indian Republic


India is an emerging market and offers multiple opportunities to the diaspora to invest By Rajesh Mehta & Uddeshya Goel   “The sword of revolution is sharpened on the whetting stone of ideas.”   As we celebrate the 73rd year Republic Day, these words by the charismatic Indian revolutionary, Bhagat Singh, strongly beholds the versatile mindset of Indians and...

Number of Indian billionaires grew to 142 in 2021


New Delhi: The number of Indian billionaires grew from 102 to 142, while 84 per cent of households in the country suffered a decline in their income in 2021, which was also a year marked by tremendous loss of life and livelihoods, according to non profit Oxfam India's latest report. It indicates that the collective...

Microsoft buys ‘Call of Duty’ maker Activision Blizzard for $69 bn


San Francisco: In the biggest deal ever in the world of gaming, Microsoft has announced to acquire Activision Blizzard, the maker of popular games like Call of Duty (CoD) and Warcraft, for a whopping $68.7 billion. When the transaction closes, Microsoft will become the world's third-largest gaming company by revenue, behind Tencent and Sony. The planned...

India extends ban on international commercial flights till Feb 28


New Delhi: India’s civil aviation regulator, the DGCA, on Wednesday extended the ban on scheduled international commercial flights till February 28, 2022. At present, India suffers from a third Covid wave which is said to be driven by the Omicron variant. In a notification, the DGCA extended the ban on scheduled international commercial flights till February...

India budget: Govt expected to lower deficit target for FY23


New Delhi: Robust direct and indirect tax collections are expected to give enough headroom to the Center to lower the fiscal deficit target for FY23. Accordingly, industry watchers have estimated the FY23 fiscal deficit target to range from 5.8-6.4 per cent, the media reported this week. The FY22 deficit has been pegged at Rs 15.06 lakh...

Political leaders from various Indian states ask Musk to set up Tesla shop


Punjab Congress chief Navjot Singh Sidhu, Telangana Industries Minister KT Rama Rao, Maharashtra minister Jayant Patil and West Bengal minister Md Ghulam Rabbani have invited Tesla CEO Elon Musk to set up shop in their states, days after the industrialist tweeted that the American electric car major was trying to work through some challenges with the...

Reliance to invest Rs 5.95 lakh crore in green energy projects in Gujarat


In a bid to make Gujarat net zero and carbon free, Mukesh Ambani's Reliance Industries Limited has signed a MoU for an investment of Rs 5.95 lakh crore in green energy and other projects in the state. An official of RIL said that over a period of 5 to 10 years, the company would invest...

Taste ‘Alphonso’ in US this season, ‘Langra’, ‘Chausa’, ‘Dushehri’ soon


New Delhi: Soon the 4.4 millions Indians residing in the US or the entire 332 million people of the US can taste the Indian mangoes again as the Central government has secured the approval of the US Department of Agriculture (USDA) for export of Indian mangoes to the US in the new season. As part...

British judge rules BR Shetty to pay Barclays $131 mn


New Delhi/London: Barclays can enforce a $131 million judgment to recover unpaid bills from embattled NMC Health founder B.R. Shetty following the failure of a foreign exchange venture, a British judge has ruled, The National reported. The UK-based international bank had sought to claw back its losses after the businessman's Abu Dhabi-based UAE Exchange Center...