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India, US to hold commercial dialogue on March 10 after gap of 3 years

India and the US will hold a commercial dialogue on March 10 after a gap of three years and discuss issues related to trade and investment with a view to further strengthen economic ties, an official statement said on Monday. The last India-USA Commercial Dialogue was held in February 2019. Since then, due to pandemic and other factors it could not be held. "It is proposed to re-launch the dialogue with a strategic outlook with focus on supply chain resiliency and diversification and new emerging areas, after a gap of three years," the commerce ministry said in a statement. US Secretary of Commerce Gina Raimondo will be visiting here between 7-10 March for the dialogue and India-US CEO Forum meet. "During the visit, India-USA Commercial Dialogue and CEO Forum will be held on March 10 to discuss cooperation in various sectors that could unlock new trade and investment opportunities between the two countries," the statement said. The Commercial Dialogue is a cooperative undertaking

US commerce secretary Gina Raimondo begins four-day visit to India

The Commercial Dialogue includes regular government-to-government meetings held in conjunction with private sector meetings, to facilitate trade, and maximise investment opportunities

Indian shares extend rally for 2nd time after strong economic data from US

Most of the Adani group stocks advanced, extending gains after U.S. boutique investment firm GQG Partners' $1.87 billion investment in the conglomerate on Thursday

Hero MotoCorp to collaborate with US-based Zero Motorcycles on e-bikes

Two wheeler major Hero MotoCorp on Monday said it has inked a pact with the US-based Zero Motorcycles to collaborate on premium electric motorcycles. The collaboration combines the expertise of Zero in developing power trains and electric motorcycles with the scale of manufacturing, sourcing and marketing of Hero MotoCorp, the country's largest two wheeler maker said in a statement. In September 2022, Hero MotoCorp's board approved an equity investment of up to USD 60 million in California-based Zero Motorcycles, a leading player in electric motorcycles and powertrains. "Our partnership with Zero Motorcycles is a significant milestone in our journey towards ushering in an era of sustainable clean technology in the mobility space. With Zero as our partner, we look forward to accelerate the transition of electric mobility in India and across our global markets," Hero MotoCorp Chairman & CEO Pawan Munjal said. The company has forayed into the electric scooter segment with the VIDA V1

Amazon plans to shut 8 Go convenience stores in US in cost-cutting effort

As part of its cost-cutting effort, Amazon plans to shut eight of its Go convenience stores in the US

As AI booms, lawmakers struggle to understand the technology

The inaction over A.I. is part of a familiar pattern, in which technology is again outstripping U.S. rule-making and regulation

CEAI urges RBI to stop routing foreign currency deals via US banking system

"This needs an urgent correction, lest we continue to lose every single day. If it is part of some Trade Agreement, it needs an urgent relook. Let this be addressed on top priority," he said

List of the countries that have implemented partial or total ban on TikTok

The U.S. and Canada issued orders this week to ban the use of TikTok on government-issued mobile devices, as privacy and cybersecurity concerns grow over the short-video app. TikTok, which is owned by the Chinese company Bytedance, has long maintained that it does not share data with the Chinese government and that its data is not held in China. It also disputes accusations that it collects more user data than other social media companies, and insists that it is run independently by its own management. Despite TikTok's claims, many countries around the world remain cautious about the platform and its ties to China. Here are the countries and regions that have implemented partial or total bans on TikTok. India India imposed a ban on TikTok and dozens of other Chinese apps, including the messaging app WeChat, in 2020 over privacy and security concerns. The ban came shortly after a clash between Indian and Chinese troops at a disputed Himalayan border killed 20 Indian soldiers and .

US attaches childcare strings to $52-billion subsidy for chip makers

The condition marks an unusual use of the federal government's powers. Officials said the rule was intended to address a worker shortage

US media drops Dilbert as creator calls Black people 'hate group'

Scott Adams, who introduced Asok the IIT-ian to America, is canned after asking white people to 'get away' from Black people

Omicron subvariant XBB.1.5 accounts for 85% new Covid cases in US: CDC

The highly transmissible Omicron subvariant XBB.1.5 now accounts for 85 per cent of all Covid-19 cases reported in the US this week, according to the latest estimates of CDC

US GDP revised lower on weaker consumer spending in fourth quarter

Inflation-adjusted gross domestic product (GDP) increased at a 2.7 per cent annualised rate during the period, Commerce Department data showed

Global economy is in a better place today: US Treasury Secy Janet Yellen

US Treasury Secretary Janet L Yellen on Thursday said the global economy is in a better place today than many predicted just a few months ago, and the outlook has improved. She also stressed on the need for working together to ease the debt overhang that is holding back too many countries. "While there are significant headwinds, it's fair to say that the global economy is in a better place today than many predicted just a few months ago. In the fall, many were worried about a sharp economic slowdown across the world. The challenges we face are real, and the future is always uncertain. But the outlook has improved since we gathered in the fall," Yellen said. Speaking to reporters here, she said, in its most recent estimates, the IMF forecasts global growth of 3.2 per cent during 2023 a notable upgrade from its October report. The progress on our global macroeconomy is a result of our collective work, and it underscores the importance of redoubling our efforts going forward, she ..

Right-wing star Vivek Ramaswamy enters 2024 US Presidential race

his thoughts: no race-based job quota, kill climate religion, decouple from China, no central bank e-currencies

RBI onshore, offshore intervention helps rupee outperform: Traders

The rupee was little changed at 82.80 on the day despite an overnight jump in U.S. Treasury yields, after an unexpected rebound in U.S. business activity

Tesla now cheaper than average new car in the US, says report

Even before those cuts, it was the third best-selling SUV in the US last year, after the Toyota RAV4 and the Honda CR-V

Putin walks out of nuclear pact, says US and Ukraine were ready to attack

'West intends to transform a local conflict into a phase of global confrontation

'Fake Ebitda' masks risk in debt-laden companies, says report

The S&P analysts this week said the latest data reinforces their view that those Ebitda figures are "not a realistic indication of future Ebitda

Former US president Jimmy Carter to get hospice care at home: Report

After a series of short hospital stays, the statement said, Carter "decided to spend his remaining time at home with his family and receive hospice care instead of additional medical intervention."

China may soon be supplying arms to Russia, warns Antony Blinken

US will suffer 'consequences' if it escalates balloon incident, says Beijing