India engineering goods exports jump to $82 billion during April-December 2021
NEW DELHI: Exports of Engineering Goods jumped to USD 81.8 billion during April-December 2021 (Provisional) as compared to USD 52.9 billion during same period in the previous year (2020), registering a stupendous growth of 54%. Engineering Goods sector constitutes the largest, more than 27%, share of India’s total exports basket during the period. As compared […]
Germany, France, Italy and Spain join countries suspending AstraZeneca coronavirus vaccine
BERLIN :A cascading number of European countries — including Germany, France, Italy and Spain — suspended use of AstraZeneca’s COVID-19 vaccine Monday over reports of dangerous blood clots in some recipients, though the company and international regulators say there is no evidence the shot is to blame. Pune-based drugmaker Serum Institute of India partnered with […]
End of Angela Merkelera begins as Germany’s Christian Democrats picks new party leader
BERLIN:Germany’s Christian Democratic Union (CDU) elect a new chairman on Saturday, aiming to unite their conservative party behind a new leader who they hope can succeed Angela Merkel as chancellor when she steps down after federal elections in September. At stake is the leadership of Europe’s biggest economy in the era after Merkel, who has […]
Wipro to acquire IT verticals of Metro AG in a $700-million deal
NEW DELHI: India-based information technology firm Wipro has announced a significant strategic digital and IT partnership deal with METRO AG, the leading global wholesale company that is redefining the food service distribution industry. As a part of this transaction, Wipro will take over the IT units of METRO AG — METRO-NOM GMBH in Germany and […]
What’s next for Pfizer’s COVID-19 vaccine after UK rollout
Britain began the mass-vaccination of its population against COVID-19 on Tuesday, becoming the first Western nation to do so in a global endeavour that poses one of the biggest logistical challenges in peacetime history. Margaret Keenan, a 90-year-old grandmother from Britain, became the first person in the world to receive the Pfizer vaccine outside of […]
Morgan Stanley to shift $120 billion to Germany in post-Brexit move: Source
FRANKFURT:Morgan Stanley is planning to shift around 100 billion euros ($121 billion) in assets to Frankfurt from Britain next year as a consequence of Brexit, a person with knowledge of the matter said on Thursday. Frankfurt’s banking scene has been one of the primary beneficiaries of Britain’s exit from the European Union as many big […]
Lufthansa cancels all flights between India and Germany from September 30
NEW DELHI: German airline Lufthansa on Tuesday said it will cancel all planned flights between Germany and India from September 30 to October 20. The airline’s move comes after Indian authorities rejected Lufthansa’s planned flight schedule for October. The airline said in a statement, “Lufthansa had applied for the continuation of special flights it was […]
Germany grants BioNTech, CureVac $745 million to speed up COVID-19 vaccine work
BERLIN: Germany awarded $745 million in funding to biotech firms BioNTech and CureVac on Tuesday to speed up work on COVID-19 vaccines and expand German production capacity. In a warning against political pressure to rush the process, Research Minister Anja Karliczek stressed that safety should remain the utmost priority to ensure vaccines will be accepted […]
Lufthansa to operate 160 flights between India, Germany in September
NEW DELHI: German airline major Lufthansa on Tuesday said that it will operate 160 flights between India and Germany in September. This is a four-fold increase in flights to and from Delhi, Mumbai and Bengaluru. “In September alone, Lufthansa will be offering Indian customers 160 flights between India and Germany, more than five per day […]
Donald Trump plan to slash US troops sparks concern in Germany
Germany on Sunday voiced concern at reports that President Donald Trump plans to cut the number of US troops stationed in Germany, amid fears it could weaken a key pillar of NATO defence in the region. German Foreign Minister Heiko Maas said both countries stood to gain from close cooperation even if the transatlantic relationship […]
Germany, Brussels seal pact on Lufthansa rescue plan: Sources
NEW DELHI:Germany and the European Commission have reached agreement on a giant Berlin-funded rescue plan for coronavirus-hit Lufthansa, a Commission spokeswoman and a source close to the negotiations said Friday. Since the pandemic hit Europe, the Lufthansa group — which also includes Brussels and Austrian Airlines and Swiss — has been bleeding one million euros […]
Germany to invest €1 billion for green urban mobility in India
NEW DELHI: German Chancellor Angela Merkel on Saturday pledged to invest €1 billion ($1.12 billion) over the next five years on environmentally-friendly urban mobility in India. Merkel, whose visit to the country coincided with one of the worst spells of air pollution in Delhi/NCR, also emphasised on the need to replace diesel-run public transport with […]
India, Germany ink 17 new agreements
NEW DELHI:Seventeen agreements have been signed between India and Germany in the fields of agriculture, maritime technology, ayurveda and yoga among others, the External Affairs Ministry (MEA) said Friday. Five joint declarations of intent were also exchanged between India and Germany, the ministry said in a statement. The joint declarations of intent included cooperation on […]
NCLT okays merger of Monsanto India with Germany’s Bayer CropScience
NEW DELHI: The National Company Law Tribunal (NCLT) on Friday approved the merger of biotech company Monsanto India Ltd with Bayer CropScience. In June 2018, German chemical and pharma major Bayer AG had announced completion of the USD 63 billion mega-deal to acquire US-based biotech major Monsanto to create the world’s biggest agro-chemical and seed […]
IndiGo gets its first longer range A321neo plane
MUMBAI: Budget carrier IndiGo has become the first domestic airline to have longer range Airbus A321neo plane in its fleet with the first aircraft arriving Saturday morning in New Delhi from the European aviation major Airbus’ Hamburg facility in Germany, an airline source said. The maiden A321neo (new engine option), VT-IUA, landed at 9.06 am […]
Germany proposes high-speed network between Chennai-Mysore to cut travel time by 5 hours
NEW DELHI: Travel time between Chennai and Mysore will be cut down by more than five hours by 2030 if the Railway Board approves a plan for a high-speed rail network between the two cities proposed by the German government. The feasibility study for the 435 km route was submitted to Railway Board chairman Ashwani […]