Category: World

BENGALURU: It’s final. Taiwan-based Apple contract manufacturer Wistron Corp on Friday approved the sale of its plant in Karnataka to Tata group. This paves the way for the salt-to-software conglomerate to become the first domestic entity to manufacture iPhones. “The transaction price is tentatively estimated at $125 million,” Wistron said in a statement. The company’s […]

The post Tata Group

Trade ministers from the world’s most advanced economies will seek strategies to make global supply chains more resilient and governments less vulnerable to economic coercion from the likes of China when they gather in Osaka this weekend. Group of Seven trade ministers convene on Saturday and Sunday against a backdrop of soaring geopolitical risk due […]

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Delhi Lieutenant Governor VK Saxena on Friday approved a proposal of chief minister Arvind Kejriwal to terminate the services of all civil defence volunteers with effect from November 1, with AAP government sources saying they will approach the Supreme Court if this happens, setting off a fresh tussle between the two sides. The lieutenant governor […]

The post Another tussle brewing

The Maharashtra BJP on Friday posted a four-year-old video of its leader and former chief minister Devendra Fadnavis announcing that he will return to helm the state, prompting speculation in political circles. “I will return for building a new Maharashtra,” the state BJP posted in the evening on social media platform X, along with the […]

The post Buzz over

Darshan Hiranandani, the CEO of the real estate and infrastructure company Hiranandani Group, reportedly gifted Mahua Moitra “only a scarf, some lipsticks and makeup items”, and not a list of expensive presents as claimed by advocate Jai Anant Dehadrai and BJP MP Nishikant Dubey. But Darshan’s car does “pick and drop” the Trinamool Lok Sabha […]

The post Mahua denies

Former Uttarakhand chief minister Harish Rawat has sought a fresh date from the CBI to give his voice samples in the 2016 ‘sting operation’ case citing health issues, a request that will be considered by the agency, officials said Friday. Earlier in the day, the CBI issued a notice to Rawat seeking his presence on […]

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MUMBAI: Reliance Industries Ltd (RIL), India’s biggest company by market capitalization, reported a 29.7% increase in consolidated net profit for the July-September quarter on account of higher sales and the robust overall performance of its businesses. Net profit rose to ₹19,878 crore from ₹15,332 crore in the year earlier. Revenue from operations was up

KOLKATABENGALURUCHENNAIMUMBAI: How much time should one devote to work? Do long working hours mean more productivity? How important is the work-life balance in fostering creativity? India Inc seemed to be divided on such questions after Infosys founder Narayana Murthy suggested a 70-hour work week for “youngsters” to make the country competitive globally. While some

NEW DELHI: Even as 5G, 6G, made-in-India phones and the role of tech revolution in bringing social justice dominated the seventh edition of the country’s flagship telecom summit ‘India Mobile Congress’, satellite communication managed to steal some of the thunder. At New Delhi’s Bharat Mandapam, which had last month hosted the G20 leaders,

MUMBAI: JPMorgan has upgraded the domestic markets to ‘overweight’ (OW) from ‘neutral’ on the “positive historical seasonality to general elections.” The investment bank joins US-based peer Morgan Stanley to flag preference for the Indian markets, which has been the leading performer in the emerging market (EM) pack since 2021. JPMorgan sees cyclical and structural tailwinds […]

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By Subrata Majumder The peculiarity of Hamas-Israel war is that unlike other wars or conflict, India do not succumb to the direct impact of the war. It is the spillover impact, which causes concern. Israel is not a major trading partner or major foreign investor in India. Neither, Palestine is. Israel accounts for less than

By K Raveendran Infosys founder Narayana Murthy’s call to the youth of the nation to declare ‘this is my country, I want to work for 70 hours a week’ has created such a storm that it has elicited response from every section of the society, including the veteran technocrat’s peers, employers, corporate personalities and of

By Harihar Swarup “Is not he a man”? Sonia Gandhi was said to have exclaimed at a meeting of the party’s Central Election Committee (CEC) earlier last week. There was a deathly silence in the room. “Aren’t there corruption charges against him? Sonia, according to the reports, was referring to Shanti Dhariwal, whose name

By Dr. Gyan Pathak Centre’s big claims on employment generation under PM Narendra Modi regime since 2014 is once again exposed. The recently released government’s Periodic Labour Force Survey (PLFS) 2022-23 has revealed that both the employment and unemployment situation in the country remains a matter of serious concern. Labour Force Participation Rate (LFPR) for […]

The post Employment Generation

NEW DELHI: India and the United Kingdom on Saturday reviewed the progress of negotiations of the proposed free trade agreement (FTA), talks for which have reached the final stage. The progress was reviewed by Commerce and Industry Minister Piyush Goyal and UK Secretary of State for Business and Trade Kemi Badenoch in Osaka, Japan. Both […]

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NEW DELHI: The ministry of power and the Bureau of Energy Efficiency (BEE) announced a revision to the Energy Conservation Act of 2001 on Wednesday, setting ambitious renewable energy consumption benchmarks for specified consumers until the financial year ending 2030. According to the notification, the BEE will shoulder the responsibility of data management. “The Bureau […]

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RAIPUR: Steel Authority of India Limited’s (SAIL) Chhattisgarh arm Bhilai Steel Plant (BSP) has developed a new product to be used in the high-speed Mumbai coastal road project. During a visit to customer premises in Mumbai last month, the contractor (involved in the project) desired that wire rod mill, if possible, should produce TMT Fe-550D […]

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AHMEDABAD: ArcelorMittal Nippon Steel India (AM/NS India), a joint-venture between ArcelorMittal and Nippon Steel, plans to develop a Deep Draft Greenfield Jetty having a capacity of 65 million metric tonnes per annum (MMTPA) at Suvali in Shivrampur village near Hazira. The proposed jetty project is envisaged to meet AM/NS India’s growing demand for raw materials […]

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Gaza is bracing for a deadlier wave of destruction with the Israeli forces expanding their ground operations in the blockaded strip ruled by Hamas, a Palestinian group that carried out the October 7 terror attacks in Israel. “Following the series of strikes of the last days, the ground forces are extending the ground operation tonight,” […]

The post Israel extends ground operations

MUMBAI: Investment in the Indian capital markets through participatory notes rose over a six-year high at Rs 1.33 lakh crore at September-end, making it the seventh consecutive monthly increase, on the back of robust macroeconomic fundamentals. This is the highest level since July 2017 — when investment through the route stood at Rs 1.35 lakh […]

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NEW DELHI: India and some other nations, including Switzerland, Brazil, China, Japan, Korea and Russia, have criticised the EU for deciding against terminating its safeguard measure on imports of certain steel products after carrying out a review. Most argued the EU’s safeguard duty, imposed after the Trump administration in the US slapped additional duties on […]

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NEW DELHI: Prime Minister Narendra Modi on Friday urged telecom and technology companies to create new domains that can be followed by other countries in future. Citing the example of UPI, a leading digital payments system, he said, “India has the power of a young demography and vibrant democracy. Today, when we are

NEW DELHI: The United States has decided to withdraw its support for an initiative at the World Trade Organisation on free cross-border data flows without localisation, a move that strengthens India’s approach on retaining control over its data. Washington has decided to withdraw its proposal on digital trade at the global trade body to retain […]

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MUMBAI: The Reserve Bank of India is likely to meet with banks next week to discuss the key issues of liquidity in the banking system and developments in sovereign debt yields, which serve as benchmarks for pricing corporate borrowing. “There are meetings scheduled on November 2 and November 3. The discussion points include the skewed […]

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NEW DELHI: State-run oil marketing companies (OMCs) have the capacity to absorb the global crude price shocks as they have made large profits (in the previous quarters) due to high prices, Union Minister for Petroleum and Natural Gas Hardeep Singh Puri told FE on Thursday. Though it has been widely felt that OMCs whose bottom […]

The post Government Hints

Mumbai: Air India on Friday announced the appointment of Klaus Goersch as the Executive Vice President and Chief Operations Officer, as well as various other senior level appointments. In the newly-created position at the airline, Mr Goersch will oversee flight operations, engineering, ground operations, Integrated Operations Control and cabin crew functions. Air India said incumbent […]

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The government has decided to offload 0.3 million tonnes (MT) under the open market sale scheme (OMSS) by the Food Corporation of India (FCI) in its weekly e-auction from next month, against 0.2 MT currently being offered for the bulk purchaser to cool down the prices. Sources told FE that because of surplus stocks held […]

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Global consumer goods major Unilever says the India market, its second-largest in the world, may see a deflation in pricing within skincare and fabric cleansing, as commodity inflation moderates. The India unit of the London-headquartered company reported a flat price-led growth last week for the September quarter as it cut product prices within laundry and […]

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MUMBAI: Shareholders of Reliance Industries Ltd have approved the appointment of Isha Ambani, Akash Ambani and Anant Ambani to the company’s board as Non-Executive Directors with the required majority. While Isha and Akash got approval from 98 per cent of shareholders, Anant got approval from 92 per cent of the shareholders. Institutional Shareholder Services Inc.,

By Dr. Gyan Pathak Congress president Mallikarjun Kharge has finally broken his silence over seat-sharing in the five poll bound states going to polls in November, but only to express party’s confident mood. “We will see this. Let the 5-state election take place first,” Kharge has said implying that there will be no seat-sharing arrangement […]

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By Amarjeet Kaur October 31 is approaching, the day of foundation of the first national level organization of trade unions in India. A collective of trade unions from all sectors, formal and informal, gathered at Bombay and AITUC was founded with Lala Lajpat Rai, a tall leader of the freedom movement at that time, as

By Prabhat Patnaik All fascistic outfits have one common characteristic: they reject outright all evidence that goes against the narrative they spin; and the Hindutva elements in power in India are no exception. Their narrative presents India as the fastest growing economy in the world where the people never had it so good; but if

By Sushil Kutty How the Bharatiya Janata Party has transformed the upcoming assembly polls into Modi Vs. Congress by sidelining state-level leaders is the flavour of this election season running up to and right into general elections 2024. The fact of the matter is there’s no doubt that it is Congress Vs. BJP in

Bengal Minister Jyotipriyo Mallick was arrested by the Enforcement Directorate (ED) in connection with an alleged case of corruption in rationing distribution early Friday morning. Meanwhile, Kolkata is decked up for the grand gala pujo carnival today, where over 100 Durga idols will be paraded, following which, they will be immersed. The program is scheduled […]

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