What Joe Biden’s Cabinet picks say about how he plans to govern
By ALEXANDRA JAFFE WASHINGTON: Joe Biden promised that his presidency would mean a return to normalcy. His Cabinet picks help demonstrate how he plans to deliver. The president-elect announced his final nominees this past week, completing a diverse team of two dozen people. He noted Friday that this will be the “first Cabinet ever” to […]
Big steel, cement firms operating as a cartel; need to place regulator: Nitin Gadkari
NEW DELHI: Big players in the steel and cement industry are indulging in cartelisation to jack-up prices, Union Road Transport Minister Nitin Gadkari has said, pitching to place a regulator for the sectors. It will be difficult to achieve Prime Minister Narendra Modi’s dream of making India a USD 5 trillion economy if the steel […]
Indian economy heading towards V-shaped recovery in 2021: Assocham
NEW DELHI: India’s economy is showing decisive signs of a ‘V-shaped’ recovery in 2021 with the return of consumer confidence, robust financial markets, an uptick in manufacturing and exporters braving it out in the global market with never-say-die spirit, Assocham said on Sunday. The industry chamber said it expects immense accruals of economic benefits from […]
United States House could vote this week to impeach Donald Trump
WASHINGTON: The Latest on President Donald Trump and impeachment (all times local): 10:10 a.m. House Majority Whip Jim Clyburn says the House could vote this week to impeach President Donald Trump but delay sending the legislation to the Senate until after many of incoming President Joe Biden’s Cabinet secretaries are confirmed for their posts. The […]
China to continue suspending flights to and from Britain
BEIJING: China will continue to suspend flights to and from Britain, the country’s airline regulator said on Sunday. The Civil Aviation Administration said in a notice that the new suspension will take effect on Monday. Source: Reuters, Reporting by Yew Lun Tian; Editing by William Mallard
Apple, Hyundai to agree on electric car tie-up early this year
SEOUL:Hyundai Motor and Apple Inc plan to sign a partnership deal on autonomous electric cars by March and start production as early as 2024 in the United States, local newspaper Korea IT News reported on Sunday. The report follows a statement on Friday from Hyundai Motor that it was in early talks with Apple after […]
India ushering in rapid structural reforms to become USD 5 trillion economy by 2025: Piyush Goyal
NEW DELHI: India is strengthening the entire ecosystem to achieve Prime Minister Narendra Modi’s dream of becoming a USD 5 trillion economy by 2025 through rapid structural reforms, Union Minister Piyush Goyal said on Saturday. Addressing the Pravasi Bharatiya Diwas conference, the Commerce and Industry Minister said: “We are working simultaneously to bring about a […]
UP’s New Excise Policy aims Rs 6,000 crore excess revenue next fiscal
NEW DELHI: The Uttar Pradesh government has given its approval to the Excise Policy 2021-22, expecting revenue to jump by Rs 6,000 crore during the fiscal. The approval was granted by the state cabinet headed by Chief Minister Yogi Adityanath. The cabinet meeting took place on Friday night. “To provide good quality liquor at economic […]
Overall sales now trending very close to usual times, says D-Mart
NEW DELHI: Avenue Supermarts Ltd, which owns and operates the supermarket chain D-Mart, on Saturday said its overall sales and sales mix are now trending very close to usual times, though the consumption changes post COVID-19 still persists. Lesser trips and higher basket values continue to be the norm and products such as apparel, laundry, […]
Modi government buys 531 lakh tonnes paddy till January 8 at MSP for over Rs 1 lakh crore
NEW DELHI: The Narendra Modi government (Centre or government of India) has procured 531.22 lakh tonnes of paddy so far during this kharif marketing season from over 70 lakh farmers at MSP, costing a little over Rs 1 lakh crore, amid the ongoing protest by farmers at Delhi borders seeking repeal of three new farm […]
Kim Jong Un’s big plan to grow North Korea’s economy faces harsh reality
By Josh Smith SEOUL:Kim Jong Un’s ambitious new plan for the next five years is aimed at developing North Korea’s shattered economy, but the proposals may falter in the face of major crises that have already stalled the young leader’s current projects. In remarks released this weekend, Kim blamed international sanctions as well as unanticipated […]
Sriwijaya Air crash places Indonesia’s aviation safety under fresh spotlight
By Jamie Freed, Stanley Widianto SYDNEY/JAKARTA: Indonesia’s chequered air safety record is again in the spotlight after a Sriwijaya Air jet carrying 62 people crashed into the Java Sea minutes after takeoff on Saturday, marking the country’s third major airline crash in just over six years. Before the crash there had been 697 fatalities in […]
Airtel appoints Pradipt Kapoor as CIO
NEW DELHI: Bharti Airtel today announced the appointment of Pradipt Kapoor as Chief Information Officer (CIO). In his new role, Pradipt will drive Airtel’s overall Engineering strategy and be a key player in helping realize the company’s digital vision. He will be member of the Airtel Management Board and report to Gopal Vittal, MD & […]
Parler goes offline after Google, Apple and Amazon ban over US Capitol siege
NEW DELHI: Apple Inc and Amazon.com Inc have suspended Parler from their respective App Store and web hosting service, saying the social networking service popular with many right-leaning social media users has not taken adequate measures to prevent the spread of posts inciting violence. The action by Apple and Amazon follows a similar move by […]
COVID-19 vaccination to start in India on January 16; 3 crore healthcare, frontline workers to get shots first
NEW DELHI: India will launch its COVID-19 vaccination drive from January 16 in what Prime Minister Narendra Modi has called the world’s largest inoculation programme with priority to be given to nearly three crore healthcare and frontline workers. The decision, the government said on Saturday, was taken at a high-level meeting where Modi reviewed the […]
Nio launches first electric sedan model as Tesla delivers China-built SUV
CHENGDU,CHINA/SHANGHAI: Chinese electric vehicle (EV) maker Nio Inc on Saturday launched its first sedan model, eyeing a greater share of the world’s largest car market. The launch of the ET7, at an event in the western city of Chengdu, came as rival Tesla started selling its China-made Model Y sport-utility vehicle in the Chinese market. […]