Tag Archives: India

‘Living in two realities’: Indian diaspora reckons with crisis abroad

By | May 1, 2021

A previous version of this story incorrectly stated that the wife of Ejaz Warsi’s relative remained critically ill. Warsi’s relative’s sister remains critically ill. The article has been corrected. Avani Singh hops on Zoom around 11 p.m. every night with her mother in New Jersey and uncle in India, strategizing how to keep her coronavirus-stricken grandfather alive. They… Read More »

India records 18,711 new Covid cases in a day, highest in nearly 2 months

By | March 7, 2021

New cases of coronavirus infection in India were recorded above 18,000 for the second consecutive day taking the country’s tally of COVID-19 cases to 1,12,10,799, the Union Health Ministry said on Sunday. This is a near two-month high for India with the country reporting 18,645 cases on January 9. The active cases registered an… Read More »

India to contest Cairn arbitral award, other suits filed by firm: Sources

By | February 19, 2021

India will file an appeal against the Cairn arbitration award soon and will defend its sovereign rights to tax, sources said a day after Cairn Energy CEO Simon Thomson sought swift enforcement of the over-$1.2 billion award during his meeting with top finance ministry officials. Sources said the government will strongly contest other suits… Read More »

India to become 5th largest economy in 2025, 3rd largest by 2030: CEBR

By | December 26, 2020

India, which appears to have been pushed back to being the world’s sixth biggest economy in 2020, will again overtake the UK to become the fifth largest in 2025 and race to the third spot by 2030, a think tank said on Saturday. India had overtaken the UK in 2019 to become the fifth… Read More »

Indian auto industry expected to see stronger growth in 2021-22: Nomura

By | December 26, 2020

The Indian auto industry is expected to see stronger growth in 2021-22, after recovering from the devastating effects of the COVID-19 pandemic, with electric vehicle sales, especially two-wheleers, also likely to see positive movements, according to Nomura Research Institute Consulting & Solutions India. However, in the personal vehicles segment, the levels reached in 2018-19… Read More »

China to leapfrog US as world’s biggest economy by 2028: Think tank

By | December 26, 2020

LONDON (Reuters) – China will overtake the United States to become the world’s biggest economy in 2028, five years earlier than previously estimated due to the contrasting recoveries of the two countries from the COVID-19 pandemic, a think tank said. “For some time, an overarching theme of global economics has been the economic and… Read More »

Indian govt challenges Vodafone arbitration ruling in Singapore: Report

By | December 24, 2020

NEW DELHI (Reuters) – India has challenged in Singapore an international arbitration court’s verdict against it over a $2 billion tax claim involving Vodafone Group Plc, a senior government official told Reuters on Thursday on condition of anonymity. Broadcaster CNBC first reported the news.   (Reporting by… Read More »

India, US mutual fund industry earns ‘top’ grade for disclosure: Report

By | December 20, 2020

The mutual fund industry of India and the US received “top” grade for robust disclosure practices in areas such as fees and transparency of fund holdings, according to a global study by Morningstar. However, India could work to improve the level of details provided by fund firms in discussions of performance and risk within… Read More »

Apple supplier Wistron could not manage scaled up India plant: Govt report

By | December 19, 2020

Apple supplier Wistron’s Indian factory in Karnataka state could not cope up with the rapid scaling up of manpower and breached several laws, a government inspection has revealed following violence at the site last weekend. Several thousand contract workers at Wistron angered over alleged non-payment of wages destroyed property, factory gear and iPhones at… Read More »