Taking advantage of weak global crude prices, down 42.5 percent since July 2014, the government is spending Rs.4,948 crore ($800 million) to shore up strategic oil reserves in the first phase of such a project, which can be used during emergencies to power India for around a fortnight. Two giant, rock-cut caverns will soon be […]
Chinese President Xi Jinping, who is in Islamabad on a two-day state visit, will unveil a $45 billion investment plan that can help Pakistan end its chronic energy crisis and help transform it into a regional economic hub. The investments offer a real opportunity to change the scope Sino-Pakistan relationship “from geo-politics to geo-economics,” said […]
A week after it revised its outlook on India to positive from stable, international credit rating major Moody’s pegged India’s growth at 7.5 percent for 2015. “India’s economy is on a cyclical upswing. Forward looking indicators suggest domestic demand is gathering momentum,” said Faraz Syed, associate economist, Moody’s Analytics. According to the ratings agency, low […]
The European Commission on Wednesday formally accused Google of abusing its dominant presence to favour its own products in internet searches, and announced an antitrust probe into the Android mobile operating system. “The European Commission has sent a statement of objections to Google alleging the company has abused its dominant position in the markets for […]
Diesel, which is normally used in automobiles, buses, trucks and even railway engines and is considered “dirty”, has been turned into a clean fuel for cooking and lighting in rural areas courtesy a device developed at the Nimbkar Agricultural Research Institute (NARI), an NGO in Phaltan, Maharashtra. Called “Lanstove”, the diesel-powered gadget is claimed to […]
The World Bank and the International Monetary Fund (IMF), also called the Bretton Woods twins, have forecast India’s growth to speed up to 7.5-8 percent next fiscal, outpacing China, thanks to the reforms focus of Prime Minister Narendra Modi’s government. In separate studies released on Tuesday – South Asia Economic Focus by the World Bank […]
Asserting that the all-pervasive internet had become an aspect of modern living, an Indian IT industry body on Tuesday favoured net neutrality so that it is accessible for the common good of all. “India should move in the direction of net neutrality as the benefits of the internet are manifold. We are in favour of […]
The familiar lion-logo of Prime Minister Narendra Modi’s “Make in India” campaign was painted all over this German town, as he made a strong pitch to attract more foreign capital, especially in 25 identified sectors — from automobiles to wellness. From large billboards at prime locales to trams and busses, all were draped with the […]
With India as the official partner at this year’s Hanover Messe, touted as the world’s largest industrial fair, Russia’s top innovation fund, the Skolkovo Foundation, has drawn up plans to engage with India Inc for joint projects in a host of areas, its top brass has said. Around 350 companies from India are expected to […]
AS Prime Minister Narendra Modi embarks on a visit to France, the first stop of his three-nation tour, it’s worth bearing in mind that the country’s hexagonal geography and its multi-dimensional policies and technology skills have the potential to match India’s 21st-century aspirations. At the same time, the French are looking at India as a […]