UK’s Indo-Pacific tilt begins to take shape
Britain has made its first decisive post-Brexit free trade move with an application to join the 11-nation Asia-Pacific Comprehensive and Progressive Trans-Pacific Partnership (CPTPP).
Investors cheer Modi push for reforms to propel growth
For the first time since 1991, analysts are praising the intent of the Budget rather than its fine print. By clearly outlining a reforms roadmap and eschewing populist measures, the Modi government may have set the stage for double-digit growth in the next 3-4 years. That is why the bulls are running riot over the Indian stock markets.
UST and ThinkIQ partner to deliver end-to-end supply chain visibility and process yield optimization platform
UST , a leading digital transformation solutions company, announced its strategic partnership with ThinkIQ , a pioneer of Digital Manufacturing Transformation SaaS, to develop a solution that optimizes production yields by integrating advanced visibility with process optimization capabilities.
Indian Oil may form subsidiary for retail assets to unlock value
Indian Oil Corp could create a subsidiary for its retail assets to help unlock value, the head of finance at India's largest refiner said on Tuesday, a day after the government announced plans to monetise IOC's pipeline assets.
Indian shares hit record highs after services sector improves in January
Indian shares hit record highs on Wednesday and extended their post-budget rally, after a survey showed the country's dominant services sector picked up in January as demand improved.
Universal tap water scheme a massive stimulus for the Indian economy
The $40 billion allocated for providing water connections across the country will not only better health and hygiene standards and improve the ease of living for citizens, but it will also create huge demand for products such as steel, cement, sanitaryware and labour and help generate millions of jobs and provide a further fillip to India’s fast recovering growth engine.
Indian military gets booster dose, to build muscle, in the budget
Don’t look at the headline defence allocation numbers. The most important segment of the defence budget, the outlay for capital expenditure, has been increased 18.7 per cent to enable the armed forces acquire the latest weaponry it needs to tackle a possible two-front threat against China and Pakistan.
India’s 2021 budget brings major cheer for NRIs
Diaspora and entrepreneurs welcome scope for OPCs and simplified rules to avoid double taxation.
India’s relaxed rules on investment for insurers set to trigger interest from US, EU
According to the 2021-22 annual Indian Budget, the government will allow FDI of up to 74% in insurance entities, up from 49% currently, clearing the way for "foreign ownership and control with safeguards".
India and Qatar affirm their commitment for closer collaboration
The two countries exchanged views on issues of mutual interest at the regional and multilateral levels, including cooperation at the UN.