Page 101 - India

Carlyle Group weighing entry into private credit market in India

Executives from the US private equity investor's Hong Kong office have visited India to understand the country's private lending opportunities in recent months

Interest rate hold likely as inflation at its weakest in 18 months

Easing inflation will bring relief to policy makers when the economy is facing headwinds from geopolitical tensions and slowing global demand

No metro city in country is as safe as Mumbai: Dy CM Devendra Fadnavis

Maharashtra Deputy Chief Minister Devendra Fadnavis on Thursday said Mumbai is the safest among metropolises in the country. Fadnavis, who also handles the home portfolio, was speaking after inaugurating the Women's Security Project of Navi Mumbai Police. After the Nirbhaya gangrape and murder case of 2012, awareness about women's safety increased, laws dealing with crimes against women were tightened in Maharashtra and now women's complaints are heeded immediately, he said. Although the number of crimes against women has increased, it is important to note that more and more women are coming forward to report such crimes, Fadnavis said. No other metropolis in the country is as safe as Mumbai, he said, adding that in Mumbai and Navi Mumbai women feel safe because of the prompt response of police and the Nirbhaya squad. Women in these cities can travel alone even late at night due to the vigilant and efficient police system, Fadnavis added. As our country and cities are big, maxi

UK supports priorities set by India during G20 presidency: British envoy

The UK government fully supports the priorities that have been put out by India under its G20 Presidency, British High Commissioner to Singapore Kars Owen said on Thursday. Private sector support and inputs are absolutely critical for G20 proposals to make any real impact. Openness to trade and investment is critical for our long-term prosperity, Owen said at the International Outreach Forum of B20 India organised here on "Resilient Supply Chains for Trade and Connectivity". She affirmed that the UK has developed a supply chain resilience framework that sets out five areas of priority -- diversification, stockpiling and surge capacity, onshoring, demand management, and international partnerships. Confederation of Indian Industry (CII) as the B20 India Secretariat organised the Forum which deliberated on the next steps for resilient supply chains and discussed how multilateral platforms such as B20 can help to reorganise supply chains with economic efficiency. Eduardo Pedrosa, ...

Suzuki Motor to invest aggressively to grow auto industry in India

Suzuki Motor Corporation will continue to invest aggressively to grow the automobile industry in India, a senior company official said on Thursday. "We will continue to make investments aggressively to grow the industry and make people happy in India and continuously contribute to Atmanirbhar Bharat," Suzuki Motor Corporation Executive VP Kenichi Ayukawa said. In a tweet shared by the Finance Ministry, Ayukawa said Maruti Suzuki India has announced an increase in annual production capacity by one million units last month. "This could never have happened without the continuous support from the government of India," Ayukawa, who previously headed Maruti Suzuki India, stated. He noted that India is now the third-largest automobile market which is expected to expand in the future. "The automobile industry requires long-term, large scale capital investment. In this regard, the consistent support by the government to the manufacturing sector is very very important, also including the PL

Centre must work within boundaries of basic structure of Constitution: SC

The Supreme Court Thursday said the Centre must exercise its powers within the boundaries created by the Constitution and the Delhi government be allowed to function in its domain, saying the principles of democracy and federalism are essential features and form part of the basic structure. The significant observations were made by a five-judge constitution bench headed by Chief Justice D Y Chandrachud in the judgement holding that the Delhi government has legislative and executive powers over administration of services except for public order, police and land. The Union of India must exercise its powers within the boundaries created by the Constitution. NCTD having a sui generis (unique) federal model, must be allowed to function in the domain charted for it by the Constitution, said the judgement on the issue of a festering feud over services between the ruling AAP dispensation and the Centre. The top court observed that though the National Capital territory of Delhi (NCTD) could

India marks 25th anniversary of 1998 nuclear tests in Rajasthan's Pokhran

The 1998 Pokhran nuclear tests sent a message to the world that although India is a peace-loving nation, it would not let anyone to harm its sovereignty, integrity and unit, Defence Minister Rajnath Singh said on Thursday on the 25th anniversary of the tests. India conducted five nuclear tests of advanced weapon designs between May 11 and 13 at Rajasthan's Pokhran desert that propelled the country into a select group of nations having capabilities to develop nuclear weapons. The tests, carried out during the then Atal Bihari Vajpayee-led government, were the culmination of a committed team effort and backed by the development of the necessary know-how and expertise over decades. The tests triggered strong reactions from many countries. India maintained that it carried out the tests to have 'credible minimum deterrence' and it will follow the approach of "no first use", noting that it would not be the first one to launch a nuclear weapon. In 2003, India officially came out with its

India accounts for over 75% of Truecaller's net sales in Q1, avg users jump

India accounted for 75.5 per cent of the total net sales of Truecaller across revenue streams -- Truecaller for Business, Premium subscriptions and Ads -- in the first quarter of this year

57% of all fraud incidents in India are platform frauds: PwC Report

More than half of all fraud incidents in India were 'platform' fraud, a novel form of economic crime that involves fraudulent activities associated with social media, e-commerce, enterprise and finTech platforms, said a PwC India report on Thursday. The onset of the pandemic has led to an increase in platform fraud, said the second edition of PwC's Global Economic Crime and Fraud Survey 2022: India Insights, titled 'Platforms: The new frontier of fraud in India'. "The surge in remote work, e-commerce, delivery applications and contactless payments has further contributed to the rise of this type of fraud. 57 per cent of all fraud incidents in India were platform fraud," it said. It further said more than 26 per cent of Indian organisations lost over USD 1 million due to platform fraud, and 44 per cent of the perpetrators were found to commit fraud for financial gain. PwC said it surveyed 111 organisations across India from diverse industries such as technology, financial services,

Honour to be back in India at such historic time in US-India ties: Garcetti

Shortly after presenting his credentials to President Droupadi Murmu, US Ambassador Eric Garcetti on Thursday said he would focus on raising the bilateral partnership to "new heights" with both sides working together on "defining issues" of the time. The US embassy in India was without an ambassador since January 2021 after then envoy Kenneth Juster's resignation following a change of guard at the White House. "It was an honour to present my credentials to the president and it is an honour to be back in India at such an exciting and historic time in the US-India relationship," Garcetti said. "I look forward to working with the Indian people to raise our partnership to new heights," he added. Separately, in a tweet, the ambassador said he is excited about working towards deepening the US-India ties. "Thank you to the Government of India for your close and fruitful partnership with the United States. I'm excited to deepen #USIndia ties as we work together on defining issues of our .

Pakistan instability, uncertainty will affect India: Mehbooba Mufti

PDP president Mehbooba Mufti on Thursday said while the political situation in Pakistan was nothing new, the instability and uncertainty in the neighbouring country will have an impact on India. She also said that the ruling party in Pakistan, instead of fighting the opposition politically, uses agencies to put them in jail and that the "same process unfortunately is being used" in India. Whatever is happening in Pakistan, unfortunately, is nothing new. Right from Zulfikar Ali Bhutto, whenever a government comes, the opposition is jailed. It will have an effect on us. The instability and uncertainty there will impact us but this disease has somehow infected our country also. If you see Rahul Gandhi was disqualified from Parliament membership, (Manish) Sisodia was jailed, Mehbooba told reporters in Tral area of Pulwama district. Commenting on the arrest of former Pakistan prime minister Imran Khan, Mufti said the ruling party in Islamabad was using agencies to jail the opposition ...

ICC Rankings: India slips to 3rd spot, Australia remains world No 1 in ODIs

India dropped to third position behind Pakistan and three points adrift off world number one Australia in the latest ICC ODI men's Team rankings announced on Thursday. Five-time world champions Australia improved their rating from 113 to 118 following the annual update, maintaining a slender lead over Pakistan (116 points) and India (115 points). According to the ICC release, "Prior to the annual rankings update, Australia were at the top with 113 points with India behind them on decimal count. "Pakistan were ranked third, with 112 points and briefly went to the top of the charts after their victory in the fourth ODI against New Zealand this month. Pakistan could have stayed at the top position had they managed to complete a 5-0 clean sweep against New Zealand. With only three rating points now separating the top three teams, an interesting battle at the top of the rankings is imminent in the year of the World Cup. The ICC's annual rankings considered all ODI series completed sin

Ajeya Warrior exercise to increase India, UK army interoperability: Envoy

As the UK and India will conclude the seventh edition of the biennial exercise, Ajeya Warrior on Thursday, Indian High Commissioner to the UK Vikram Doraiswami said

India Semiconductor Mission signs MoU with Purdue University in US

Union Minister of Electronics and IT, Ashwini Vaishnaw, who is in the US, informed that the Indian Semiconductor Mission signed an MoU with Purdue University for capacity building, research and development, and industry participation.Taking to his official Twitter handle, Ashwini Vaishnaw stated, "MoU between India Semiconductor Mission (ISM) and Purdue University, US, for cooperation in capacity building, R & D and industry participation."Ashwini Vaishnaw also met the leadership team at Intel in the United States.Earlier on Tuesday, Ashwini Vaishnaw met Google CEO Sundar Pichai at Google Headquarters and held a discussion on India Stack and the 'Make-in-India' program.Ashwini Vaishnaw tweeted, "Met @sundarpichai at the @Google HQ. Good discussion on India Stack and Make in India program."Responding to Vaishnaw's tweet, Sundar Pichai thanked the minister for visiting Googleplex. He tweeted, "Thank you for taking the time to visit us at the Googleplex, Minister @AshwiniVaishnaw. ...

China objects India's proposal to blacklist JeM leader Abdul Rauf Azhar

China has objected to a proposal by India to blacklist senior Jaish-e Mohammed (JEM) terrorist Abdul Rauf Azhar at the United Nations. It is learnt that China objected to the proposal from India to add the leader of a Pakistan-based terror organisation to the UN Security Council's 1267 ISIL and Al Qaida Sanctions list. Rauf Azhar, born in 1974 in Pakistan, had been sanctioned by the US in December 2010. In August last year, China put a hold on the proposal by India and the US to designate Rauf Azhar as a global terrorist and subject him to an assets freeze, travel ban and arms embargo. The US Department of Treasury had in December 2010 designated Abdul Rauf Azhar, a senior leader of Jaish-e Mohammed (JEM), for acting for or on behalf of JEM".

India, Canada discusses mutual recognition of qualifications, dual degrees

India and Canada held discussions on the possibility of dual degrees and mutual recognition of educational qualifications with a view to promote economic ties between the countries, an official statement said on Wednesday. Setting up of campuses was also deliberated upon so that youth of both the countries can contribute to economic development, the commerce ministry said. Commerce minister Piyush Goyal was in Canada on an official visit and these issues came up for discussion during his meeting with his Canadian counterpart Mary Ng. "Goyal mentioned that dual degrees, mutual recognition of our educational qualification throughout professional bodies... were discussed in the meetings," it said. The Indian minister also sought investments from Canada and "invited Canadian business persons to participate in the journey of growth of the Indian economy. He said that India is focusing not only on high quality standards in goods and services but also on high quality delivery of goods an

ICC has got no written assurance on Pak's participation in ODI WC: Reports

The International Cricket Council has got no written assurance from the Pakistan Cricket Board over its national team's participation in the upcoming 2023 World Cup in India even as impasse regarding the Asia Cup continues. "India coming to Pakistan and Pakistan going to India doesn't depend either on BCCI or PCB. So, PCB can't give any assurance to ICC about its participation in the global event. "It is the Pakistan government that will give approval just like in case of BCCI, it can only come to PCB subject to government clearance," an ICC board member privy to developments told PTI on Wednesday. Pakistan are likely to play India in Ahmedabad with bulk of their matches expected to be held in southern India cities like Bengaluru and Chennai. Meanwhile, the Asian Cricket Council (ACC) is all but set to shift the Asia Cup to Sri Lanka after most of the member nations decided to reject the 'Hybrid Model' idea floated by PCB chairman Najam Sethi. According to the proposal, Pakistan w

Resources need to be efficiently utilised to make India developed: CAG

Comptroller & Auditor General of India (CAG) Girish Chandra Murmu has emphasised that India's resources have to be efficiently utilised for the country to become a fully developed nation. Speaking at a conclave on the Management Issues in Railway Public Enterprises on Tuesday, he said that India is already the fastest-growing major economy in the world. "It has one of the largest railway networks, which is crucial to the country's overall transport and logistic planning. "While the Railways has a lot of responsibilities and makes immense contributions to the economy, the conclave will enable us to hold more meaningful interactions to create an efficient economy," the CAG said. Murmu said that every government entity has been created with an intention and certain corporations have been created for special purposes. But at the end, we must achieve a meaningful reform. There should be accountability and responsibility in terms of financial accounting and performance accounting. We ..

India, EU holds 4th Strategic Partnership Review Meeting in Delhi

Along with a wide range of other topics, connectivity cooperation between India and the European Union was discussed in a recent Strategic Partnership Review Meeting in Delhi

India to participate in EU's 2nd Indo-Pacific ministerial forum in Sweden

The meeting will bring together around 60 foreign ministers from the Indo-Pacific region and the EU, along with representatives of Indo-Pacific regional organisations and other partners