Global pharmas misleading Indian consumers in guise of Green Light
By Khalid Raza Khan At a time while the nation feels pride in India earning global trust in the healthcare sector, which had led to the country being called the world’s pharmacy, at a time when the global human race was on threat and looking towards India with a great hope which was earnestly fulfilled […]
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 […]
India’s Defence Ministry signs Rs 423 crore contract with US for procurement of arms
NEW DELHI: The defence ministry has signed a contract with the US government to procure MK 54 torpedo and expendables such as chaff and flares for the Indian Navy’s anti-submarine warfare aircraft P-8I at a cost of Rs 423 crore, its spokesperson said on Friday. The Indian Navy has a total of 11 P-8I aircraft, […]
HAL signs Rs 5375 crores deal with GE Aviation
NEW DELHI: Hindustan Aeronautics Limited (HAL) has placed an order of for USD 716 million (Rs 5375 crores) for 99 F404-GE-IN20 engines and support services with GE Aviation, USA to power the Tejas Light Combat Aircraft. The contract was signed here today at HAL Corporate Office. “This is largest ever deal and the purchase order […]
Twitter transfers India head Manish Maheshwari to US
NEW DELHI: Twitter has transferred to the US its India head Manish Maheshwari, against whom an FIR was registered in Uttar Pradesh in connection with a probe related to a video of an alleged hate crime. While the company did not specify any reason for the change, it said Maheshwari will move to the US […]
Joe Biden nominates Los Angeles Mayor Eric Garcetti as his envoy to India
WASHINGTON: US President Joe Biden on Friday nominated Los Angeles Mayor Eric Garcetti as his ambassador to India. If confirmed by the Senate, Garcetti, 50, would replace Kenneth Juster, who served as India’s Ambassador to the US during the Trump administration. Early this week, Juster was appointed as distinguished fellow at the Council on Foreign […]
Joe Biden signs competition order targeting big business
By Aamer Madhani and Marcy Gordon WASHINGTON: President Joe Biden signed an executive order on Friday targeting what he labelled anticompetitive practices in tech, health care and other parts of the economy, declaring it would fortify an American ideal that true capitalism depends on fair and open competition.” The sweeping order includes 72 actions and […]
Thousands of Indian youth face deportation in US, seek White House’s help
WASHINGTON: A group of Indian youngsters from across America, facing imminent prospects of deportation, has met senior Biden administration officials at the White House and influential lawmakers, appealing them to “let us stay in the US”. There are 200,000 such young Americans, who have spent their entire childhood and teenage in the US, who are […]
USA to share 20 million more doses of Covid-19 vaccine with world, says Joe Biden
WASHINGTON: The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, will share 20 million more COVID-19 vaccine doses with other countries, taking the total number of such shots to 80 million, President Joe Biden said on Monday. “Over the next six weeks, the United States […]
US Covid-19 guidance: Great day for America as fully vaccinated people do not need masks outside
By ZEKE MILLER and MICHAEL BALSAMO WASHINGTON:In a major step toward returning to pre-pandemic life, the Centers for Disease Control and Prevention eased mask-wearing guidance for fully vaccinated people on Thursday, allowing them to stop wearing masks outdoors in crowds and in most indoor settings. “Today is a great day for America,” President Joe Biden […]
Imposing sanctions on India would be victory for Russia: Republican Senator
WASHINGTON: A top Republican Senator has said that imposing CAATSA sanctions on India for buying the multi-billion-dollar S-400 missile system from Russia would be a geostrategic victory for Moscow. Senator Todd Young, a member of the Senate Foreign Relations Committee, wrote in the Foreign Policy magazine that if the Joe Biden administration imposes sanctions on […]
Franklin Templeton Mutual Fund has no plans to exit its operations in India
NEW DELHI: Franklin Templeton Mutual Fund on Friday said its commitment to India remains ‘steadfast’ and the fund house has no plans to exit its operations in the country. This comes following media reports suggesting intervention by the fund house’s US-headquartered parent seeking the diplomatic route for a “just and fair” hearing by market regulator […]
Forex reserves fall by USD 4.255 billion to USD 580.299 billion
NEW DELHI: India’s foreign exchange reserves declined by USD 4.255 billion to USD 580.299 billion in the week ended March 5, according to RBI data. In the previous week ended February 26, the reserves rose by USD 689 million to USD 584.554 billion. It had touched a record high of USD 590.185 billion in the […]
US owes India $216 billion as American debt soars to $29 trillion: Lawmaker
WASHINGTON: The US, the world’s largest economy, owes India $216 billion in loan as the country’s debt grows to a record $29 trillion, an American lawmaker has said, cautioning the leadership against galloping foreign debt, the largest of which comes from China and Japan. In 2020, the US national debt was $23.4 trillion, that was $72,309 […]
Joe Biden administration introduces ambitious immigration bill in Congress
By Lalit K Jha WASHINGTON: In a major move that will benefit hundreds and thousands of Indian IT professionals in America, the Biden administration has introduced an ambitious immigration bill in Congress which among other things proposes to eliminate the per-country cap for employment-based green cards. The US Citizenship Act of 2021 proposes a pathway […]
Amazon India to commence electronic devices manufacturing in India
NEW DELHI: India’s Electronics & Information Technology, Communications and Law &Justice Minister Ravi Shankar Prasad today held a virtual meeting with Amit Agarwal, Amazon’s Global Senior Vice President and Country Head for India. Range of issues related to digital sector were discussed during this meeting. After this meeting Amazon India has made an announcement to […]