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Pakistan: Budget may seek yet another bailout deal with the IMF!

June 10, 2024 virendra pandit

Virendra Pandit New Delhi: Pakistan, which is in talks with the International Monetary Fund (IMF) for a fresh loan of between USD 6 and 8 billion to avert a default for its nearly bankrupt economy, is now preparing a budget for the current financial year that would reflect these contingencies. Islamabad’s coalition government, led by […]

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EU election debacle: Macron dissolves French Parliament, announces snap polls

June 10, 2024 virendra pandit

Virendra Pandit New Delhi: In a surprise move, President Emmanuel Macron dissolved the National Assembly, the Lower House of France’s Parliament, sending shocked voters back to the snap polls in the coming weeks to choose new lawmakers, after his party was handed a humbling defeat by the far-right in the European Parliament elections on Sunday. […]

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Roving Periscope: Modi 3.0 gets going with Canada, the Maldives, and others

June 10, 2024 virendra pandit

Virendra Pandit New Delhi: A day after beginning his government’s third straight term, Prime Minister Narendra Modi and his likely External Affairs Minister S. Jaishankar on Monday started refreshing India’s relations with other countries, especially with Canada and the Maldives with whom New Delhi’s bonhomie took a nosedive in the last few months. PM Modi […]

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Pakistan: Police claim to foil attacks, arrests 15 alleged “terrorists” in Punjab

June 8, 2024 virendra pandit

Virendra Pandit New Delhi: In a country known as the global terror nursery, heavily infested with extremists, militants, and terrorists of all hues—masquerading as “freedom fighters” for various causes—police said it foiled a major attack and arrested 15 alleged terrorists of banned outfits in the Punjab province of Pakistan, the media reported on Saturday. Islamabad […]

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The Gaza War: Israel rescues 4 hostages alive, says its army

June 8, 2024 virendra pandit

Virendra Pandit New Delhi: Eight months into the ongoing Gaza War since the Hamas invasion of Israel, when the Palestinian terrorist group killed nearly 1,300 Israelis, raped several women, and took over 250 hostages, the Israeli Defense Forces (IDF) said on Saturday that it has, in a rare case, rescued four hostages alive from Hamas […]

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Modi 3.0: Indian-Americans to celebrate the swearing-in event in 22 US cities

June 8, 2024 virendra pandit

Virendra Pandit New Delhi: Thousands of Indian-Americans, who support Prime Minister-designate Narendra Modi, will celebrate his oath-taking ceremony for a third consecutive term on Sunday across 22 cities in the United States. The Modi supporters will celebrate the event in a big way, a senior leader from Overseas Friends of BJP-USA, said, the media reported […]

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CPEC: China and Pakistan vow to protect it from “detractors and adversaries”

June 7, 2024 virendra pandit

Virendra Pandit New Delhi: China and Pakistan on Friday pledged to protect the China-Pakistan Economic Corridor (CPEC) from its “detractors and adversaries,” as Prime Minister Shehbaz Sharif met his Chinese counterpart Li Qiang and assured Beijing of providing ‘complete security’ to Chinese personnel working on the USD 65 billion project. Without naming the “detractors and […]

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Nepal: PM Prachand recalls ambassadors from 11 countries, including India

June 7, 2024 virendra pandit

Virendra Pandit New Delhi: Weeks after changing his alliance partners in government, Nepal’s Prime Minister Pushpa Kamal Dahal “Prachand” has decided to recall Kathmandu’s ambassadors to 11 countries, including India. The Nepalese PM, whose Cabinet took this decision on Thursday, will attend the swearing-in ceremony of his Indian counterpart Narendra Modi for a third straight […]

Business

Adani Ports receives LOI for O&M of container terminal at Kolkata port

June 7, 2024 Vinayak Barot

Ahmedabad, 7 June, 2024: Adani Ports and Special Economic Zone Limited (APSEZ), India’s largest port developer-cum-operator, has received the letter of intent (LOI) for the operation and maintenance (O&M) of the container facility at the Netaji Subhas Dock at the Syama Prasad Mookerjee Port in Kolkata. APSEZ won the five-year O&M contract through a competitive […]

Business

Markets: Sensex, Nifty50 zoom after RBI, Modi-return sends positive signals

June 7, 2024 virendra pandit

Virendra Pandit New Delhi: With Narendra Modi’s re-election to lead the NDA government for a third consecutive term, signaling political and economic stability and investors’ confidence, and the RBI keeping optimism about the economy alive, India’s benchmark equity indices zoomed back on Friday. The Reserve Bank of India also upped the real GDP growth projection […]