ICICI Bank on Monday said it has partnered with Alibaba.com, the leading platform for global wholesale trade, to launch a trade facilitation centre, a single window facility to provide easier trade finance to the small and medium enterprises in India. The collaboration for the centre will enable the Indian entrepreneurs who are members of Alibaba.com […]
Trade and Investment Minister Andrew Robb will make his third visit to India this year to continue building support to finalise a strong and mutually-beneficial Comprehensive Economic Cooperation Agreement (CECA) by the end of 2015. Mr Robb arrives in New Delhi today for a three-day visit, and will attend the revitalised Australia-India CEO Forum […]
Taiwanese iPhone maker Foxconn Technology is examining the possibility of setting up a manufacturing facility in Hyderabad. Foxconn Group president Calvin Chin and FIH Mobile Ltd chairman Vincent Whtong met Telangana Chief Minister K. Chandrasekhar Rao here on Thursday. They said the conditions in the state were favourable for setting up industrial units and lauded […]
As Prime Minister Narendra Modi commenced his two-day visit to Seoul Monday, South Korea has offered to set up a $10-billion fund to support several of his ambitious projects, from bullet trains to smart cities, the country’s envoy to India Joon-gyu Lee has said. “My country is offering India a financial package amounting to a […]
India and Mongolia forged a strategic partnership, building on the “bonds of hearts and minds” over the “barriers of distance”, as Narendra Modi on Sunday became the first Indian prime minister to visit the landlocked northeast Asian nation which has declared India as its “third neighbour” as well as “spiritual neighbour”. The two countries also […]
Recalling the Kargil conflict of 1999 between India and Pakistan, former military strongman Pervez Musharraf on Sunday said New Delhi would never be able to forget the three-month-long battle when his armed forces “grabbed India by the throat”. “There was a second line force, too, which caught India by the throat and that was latter […]
Prime Minister Narendra Modi on Saturday said he shares a close friendship with Chinese President Xi Jinping, which he described as “plus one”. Addressing a 5,000-strong Indian community at the Shanghai Expo Centre here, Modi said ancient Chinese Buddhist scholar Hieun Tsang had written that in western India, especially Gujarat, there was a lot of […]
Twenty six pacts worth $22 billion! That was the sum and substance of the pacts signed between the businesses of India and China on Saturday, the major ones accounted for by the Adani and Bharti groups, coinciding with Prime Minister Narendra Modi’s visit here. The pacts were signed against the backdrop of Prime Minister Modi […]
In a worrying start to this fiscal, India’s merchandise exports declined sharply by 14 percent in April and stood at $22.05 billion due mainly to the overall conditions in the global market, while gold imports shot up by 85 percent. The exports contracted from $25.63 billion during April 2014. According to data on exports and […]
The World Bank’s private financing arm IFC said on Tuesday it will invest $25 million (about Rs.160 crore) in partnership with Tata Housing to finance affordable housing for low-income households across India. “IFC’s investment is the first step towards a long-term partnership to facilitate the development of affordable housing in India and other emerging markets,” […]