• Thursday, February 27, 2025

How can temporary provision become permanent? asks India top court…

WHO can recommend the revocation of Article 370 in the northern Indian Union Territory of Jammu and Kashmir when no constituent assembly exists there? The Supreme Court on Wednesday (2) put this question to the petitioners who have challenged the abrogation of the constitutional provision that bestowed special status on…

Boost for Pakistan rice industry as India bans non-basmati white…

RICE exporters of Pakistan are having a field day after the Indian government banned export of non-basmati white rice to the international market. On July 20, the Narendra Modi government banned exports of non-basmati white rice to boost domestic supply and keep retail prices under check during the upcoming festive…

ED raids Hero MotoCorp’s Munjal, seizes cash, jewellery worth £2.3m

HERE are some news related to Indian economy and business for Wednesday, August 2, 2023: The Enforcement Directorate (ED) of India revealed that approximately Rs 25 crore (£2.37 million) worth of foreign and Indian currencies, gold, diamond jewellery and "incriminating" documents were seized during raids on Hero MotoCorp chairman Pawan…

Pakistan await security delegation nod for cricket world cup in…

THE cricket board of Pakistan is expected to get clearance for sending its national team for the 50-over world cup in India later this year, provided that a security delegation visits India first and give its nod. Pakistani prime minister Shehbaz Sharif has set up a committee to review and…

Reliance, Brookfield ink MoU to make renewable energy equipment in…

GLOBAL alternative asset manager Brookfield Asset Management has inked a memorandum of understanding (MoU) with India's Reliance Industries to explore possibilities for manufacturing renewable energy and decarbonisation equipment in Australia, boosting its energy transition and sustainable development goals. The island-nation's efforts towards reducing its carbon footprint and achieving emissions-reduction targets…

Modi unlikely to attend BRICS summit in South Africa in…

INDIAN prime minister Narendra Modi may virtually take part in the upcoming BRICS summit in South Africa scheduled later this month instead of attending in person, Reuters reported citing sources in New Delhi. While India's external affairs ministry declined to comment, the prime minister's office also did not respond when…

India, UK free trade agreement: Chief negotiators to hold 12th…

CHIEF negotiators of both India and UK will hold the 12th round of talks in New Delhi from August 7 as the two countries inch closer to inking negotiations for their proposed free trade agreement (FTA), an official said. Both India and the UK are looking at concluding the talks…

Foxconn EV unit wants to make new battery car in…

TAIWANESE electronics major Foxconn's venture planning to build a standardised electric vehicle platform is eyeing India or Thailand for producing small battery-powered car under development, its chief executive said. Mobility in Harmony (MIH), Foxconn's electric vehicle (EV) platform unit, would be willing to work with its parent or another firm…

Amid corruption probe, Singapore PM Lee bars Indian-origin minister from…

Singapore prime minister Lee Hsien Loong on Wednesday (2) barred the country's Indian-origin transport minister S Iswaran from duty and slashed his salary after he was arrested last month in relation to a corruption probe. Lee was speaking in the parliament on a recent spate of scandals that has rocked…

India card payments market to surpass £570b in 2027, predicts…

LEADING data and analytics firm GlobalData has made a forecast that India's card payments market could grow by nearly three times from Rs 21.7 trillion (£205.4 billion) in 2022 to Rs 60.2 trillion (£570 billion) in 2027, propelled by increased consumer spending. According to GlobalData's Payment Card Analytics, card payments…