The IMF raised China’s GDP forecast for this year to 8.4%, a 10-year high, but warned that the world’s second largest economy’s growth was unbalanced and private consumption had not recovered as quickly as anticipated following the coronavirus crisis. The IMF also urged China to resolve its high corporate debt levels, which were a result […]
Category Archives: Business
India is expected to continue purchasing unrefined or crude petroleum from Iran, the moment the US sanctions are facilitated, assisting it with differentiating its import crate, a senior government official said. India prevented bringing in oil from Iran in mid-2019, after sanctions on the Persian Gulf country were imposed by the Trump organization. The US […]
While battling with Walmart Inc. in its largest overseas market, Amazon.com Inc. provided a rare glimpse into the Covid-era growth of its Indian sector. Since it began operating in the Asian nation about a decade ago, the US online giant has facilitated exports of Indian-made products worth $3 billion and generated over a million local […]
In a web interaction with Congress leader Rahul Gandhi, Bajaj gave news last year when he criticised Narendra Modi’s lock-in strategy. “Instead of the intended Covid-19 curve, the lockdown flattened the wrong curve from the economy”, said Rajiv Bajaj, Managing Director of Bajaj Auto. It could not be more mistaken for Bajaj. “Lockdowns were the […]
In an important development that could increase vaccine availability in India, Johnson & Johnson, the only manufacturer with a single-dose Covid-19 vaccine, has informed the Indian regulator that it will soon begin bridging clinical trials in the country. According to government sources, J&J will soon begin trials that will pave the way for its vaccine […]
The US, China, and India are now mainly driven by faster global growth. President of the World Bank, David Malpass said he was concerned about growing inequality because of the COVID-19 pandemic. He said that there are inequality concerns about vaccines and median incomes also, which for some countries are not growing very rapidly. “However, […]
The Varanasi court has given its go-ahead to the excavation of the Gyanvapi mosque, near the Kashi Vishwanath temple, to hear the need of a Hindu side that wanted research to prove, that the mosque was built by demolishing the temple in the 17th century during the reign of the Mughal emperor Aurangzeb. It said […]
In the majority of cases, a mailbox is exactly that: a mailbox. However, a mailbox built earlier this year, at an Amazon factory in Bessemer, Alabama, threatens to upend the whole procedure — or at the very least becoming a center for the union, if it fails the vote. On Thursday afternoon, the public poll […]
HMD Global, the manufacturer of Nokia-branded phones, is looking to make India its future export hub, and will be using a large part of the fund, that it has just raised from investors. HMD Global has recently raised $230 million from many investors such as Nokia Technologies, Google, and Qualcomm. HMD is currently looking to […]
According to sources familiar with the discussions, Tesla Inc is looking for locations to open showrooms in three Indian cities, and has hired an executive to lead its lobbying and business activities, ahead of its expected entry into the market. In January, Tesla registered a local company in India, where it plans to import and […]