Rupee is not sliding, dollar is strengthening, says India’s Finance Minister in US
WASGINGTON: Finance Minister Nirmala Sitharaman has said that the rupee has not weakened but it is the dollar that has strengthened, as she defended the 8 per cent slide in the value of Indian currency against the greenback this year. Speaking to reporters after attending the annual meetings of the International Monetary Fund (IMF) and […]
Expanding India-US union for knowledge-based economy valuable: Vivek Lall
WASHINGTON: There is great merit in expanding the partnership between India and the United States towards a knowledge-based economy, a top Indian American corporate leader said on Tuesday, asserting that a successful collaboration would result in a number of joint efforts in matters of mutual interest. With India and US demographics, industrial might, and technological […]
India’s Finance Minister to leave for US on Tuesday to attend IMF, World Bank meetings
NEW DELHI: India’s Finance & Corporate Affairs Smt. Nirmala Sitharaman will be traveling to the USA on an official visit beginning October 11, 2022. During her visit, Sitharaman will be attending the Annual Meetings of the International Monetary Fund (IMF) and the World Bank, the G20 Finance Ministers and Central Bank Governor (FMCBG) Meetings. The […]
Industry choosing US over China, Japan to manufacture chips: Joe Biden
WASHINGTON: Global chips manufacturing industry is opting for the United States (US) over countries like China and Japan to set up their plants, President Joe Biden said as he announced two major investments by these companies here. China, Japan, South Korea, the European Union — all these places are investing tens of billions of dollars […]
US announces 1.5-year extension for some expiring immigrant work permits
By Lalit K Jha WASHINGTON: The Biden administration has announced that certain categories of immigrants, including those seeking green cards and spouses of H-1B visa holders, would be permitted to use their expired work permits for an additional 18 months, offering a reprieve to thousands of Indians working in this country and prevent further disruption […]
India, US discuss Indo-Pacific, regional issues ahead of 2+2 dialogue
NEW DELHI: India and the US have discussed their flourishing defence partnership and opportunities for enhanced cooperation with like-minded partners to sustain a free and open Indo-Pacific as officials from the two countries held a meeting to lay the groundwork for the key 2+2 Ministerial Dialogue later this year, the Pentagon has said. The meeting […]
In boost for Indian IT, US to conduct rare 2nd lottery for H-1B applicants
NEW DELHI: The US Citizenship and Immigration Services (USCIS) said that a decision was taken after determining that the computerised draw of lots for H-1B visas conducted early this year did not give them enough number of Congressional mandated H-1B visas. The H-1B visa, most sought-after among Indian IT professionals, is a non-immigrant visa that allows […]
“Americans first”: US defends export ban on Covid-19 vaccine raw materials to India
WASHINGTON: Defending US’s restrictions on the export of key raw materials for the manufacture of COVID-19 vaccine that threatens to slow India’s vaccination drive, a senior State Department official has said the Biden administration’s first obligation is to take care of the requirements of the American people. When asked when the Biden administration would decide […]
SII CEO urges US to lift raw material export ban to up Covid-19 vaccine production
NEW DELHI: Serum Institute of India (SII) CEO Adar Poonawalla on Friday said the US needs to lift its embargo on raw material exports to help ramp up vaccine production. SII is currently manufacturing anti-coronavirus vaccine Covishield, developed by Astrazeneca and Oxford University. The vaccine is not only being used in India, but exported to […]
Cairn wants India to honour its word and pay $1.4 billion, shareholders to seek enforcement
NEW DELHI: British oil firm Cairn Energy plc on Sunday said its shareholders, including top financial institutions of the world, expect the use of the company’s “strong powers of enforcement” to recover USD 1.4 billion from the Indian government should it not keep its word of honouring international arbitration tribunal awards on retrospective taxes. Cairn […]
Chinese leader Xi Jinping takes jabs at US in Korean War commemoration
BEIJING: Chinese leader Xi Jinping condemned unilateralism, protectionism and extreme egoism in a jab at the United States made during a rally Friday to mark the 70th anniversary of China’s entry into the 1950-53 Korean War. China refers to the conflict, in which it sent troops to aid North Korean forces against a United Nations […]
North Korea denounces US two years after Singapore summit
North Korea criticised Donald Trump in a stinging denunciation of the United States on Friday, the second anniversary of a landmark summit in Singapore where the US president shook hands with leader Kim Jong Un. It was the latest in a series of vitriolic statements from Pyongyang aimed at both Washington and Seoul, and came […]
Virus-hit Hertz declares bankruptcy in US and Canada
Global car rental company Hertz became the latest economic casualty of the coronavirus pandemic Friday, filing for bankruptcy in the US and Canada after more than a century in business. “The impact of COVID-19 on travel demand was sudden and dramatic, causing an abrupt decline in the Company’s revenue and future bookings,” Hertz said in […]
India, US sign Rs 1200 crore deal for missile protection suites for new VVIP planes
NEW DELHI: India has signed a Rs 1,200 crore deal with the United States for buying protection suites to protect the two new Boeing VVIP planes from missile attacks that will be used to ferry the President and the Prime Minister. “The missile protection suites on the two Boeing-777 extended range planes to be codenamed […]
India, US ink $3 billion defence deals
NEW DELHI: India and the US on Tuesday signed defence deals worth $3 billion, President Donald Trump announced as Prime Minister Narendra Modi said the two countries have decided to take the ties to comprehensive global partnership level. On Day 2 of his visit to India, US President Donald Trump, in a joint statement with […]
Bharti Airtel raises $750 million from investors based in Asia, Europe and US
NEW DELHI: Telecom operator Bharti Airtel on Wednesday said it has raised $ 750 million (about Rs 5,330 crore) from investors based in Asia, Europe and the US through a hybrid financial instrument. Bharti Airtel said in a statement that “its wholly-owned subsidiary Network i2i Limited, has priced … offering of $ 750 million 5.650 […]