Indian-American Raj Subramaniam has become the President and CEO of FedEx, the US-based multinational transportation and courier delivery giant has announced. Subramanian would replace Frederick W. Smith, chairman and CEO, who will step down on June 1. “As we continue to transform as a company and reimagine what’s next, we will keep our people-service-profit philosophy […]
The annual salary of South Korean President Moon Jae-in for 2022 was set at 240.6 million won ($202,815) as the Cabinet approved the personnel and management ministry’s pay raise plan for public servants on Tuesday. According to the plan, public servants will get a 1.4 per cent raise for their salary for 2022. Prime Minister […]
Indian Oil Corporation will invest Rs 9,028 crore for setting up of a new crude oil pipeline system, with a capacity of 17.5 MMTPA, from Mundra (Gujarat) to Panipat (Haryana). Under this project, IndianOil would also build nine crude oil tanks of 60,000 KL each at Mundra, which, apart from meeting operational requirements, would also […]
Australia today signed a landmark free trade agreement with the United Kingdom that will make Australian exports to the UK cheaper, create new opportunities for workers, young people and businesses and further strengthen the special relationship between our two countries. This is the most comprehensive and ambitious free trade agreement that Australia has concluded, other […]
Global debt rose to a record $226 trillion in 2020 as the world was hit by the raging Covid-19 pandemic and a deep recession, the International Monetary Fund (IMF) announced. Global debt rose by 28 percentage points to 256 per cent of gross domestic product (GDP) in 2020, the largest one-year debt surge since World […]
US President Joe Biden has signed the law to ban Chinese tech companies like Huawei and ZTE from getting approval for network equipment licences in the country. The ‘Secure Equipment Act of 2021’ had received bipartisan support prior to it being signed by the President, ZDNet reported on Friday. Last year, the Federal Communications […]
Petrol and diesel prices rose again on Thursday after a two-day break, taking its retail rates to record high levels across the country. Accordingly, in the national capital, petrol and diesel prices increased by 35 paise per litre to Rs 104.79 per litre and Rs 93.53 per litre respectively. In India’s financial capital, Mumbai, petrol […]
In order to promote digital transactions, the Reserve Bank of India (RBI) on Friday enhanced the transaction limit using Immediate Payment Service (IMPS) of banks to Rs 5 lakh. RBI Governor Shaktikanta Das said that the limit has been raised in view of importance of the IMPS system and for enhanced consumer convenience. The current […]
Minister for Trade, Tourism and Investment Dan Tehan will travel overseas to boost trade and investment opportunities and represent Australia at multilateral engagements. Mr Tehan will travel to Indonesia, India, the United Arab Emirates, France, Italy, Belgium, and the United Kingdom. In India he will be meeting Minister for Commerce and Industry Shri Piyush Goyal. […]
BOT Operators at Visakhapatnam Port Trust (VPT) have demanded immediate reforms in the port sector, from Shipping Minister Shri Sarbananda Sonowal for effective utilization of the port infrastructure. Without suitable policy reforms, these BOT operators will not be a part of the growth path of VPT by effectively utilizing the port infrastructure and are on […]