Business

Business

Economy: IMF ups Chinese growth to 5% in FY24, 4.5% in FY25

May 29, 2024 virendra pandit

Virendra Pandit New Delhi: The International Monetary Fund (IMF) has upgraded Chinese economic growth forecasts after its ‘strong’ results in the first quarter of this year, the media reported on Wednesday. According to the global lender, China’s economy will grow 5 percent this year, after a ‘strong’ first quarter, compared to the previous forecast of […]

Business

Defense: India-France to begin talks from May 30 for a fresh Rs.50k-cr Rafal-M deal

May 28, 2024 virendra pandit

Virendra Pandit New Delhi: Negotiations between India and France for a fresh deal worth Rs. 50,000 crore for the supply of 26 Rafale-M aircraft to the Indian Navy will begin on March 30, the media reported on Tuesday. France had submitted its response to India’s tender for buying 26 Rafale Marine jets for the Indian […]

Business

Next pandemic: “It’s absolutely inevitable,” warns top British scientist

May 28, 2024 virendra pandit

Virendra Pandit New Delhi: Days after Singapore reported FLiRT, a new variant of Omicron, the COVID-19 strain, a British scientist has warned that the next pandemic is “absolutely inevitable.” Stressing learning from the hard-won lessons of COVID-19, Sir Patrick Wallance, former Chief Scientific Advisor to the United Kingdom Government, cautioned, “We are not ready yet,” […]

Business

Full circle: Now Russia invites the Taliban to St. Petersberg economic forum

May 27, 2024 virendra pandit

Virendra Pandit New Delhi: In the 1980s-90s, the US-aided Islamist fundamentalist groups had created the Taliban militia to evict the Soviet occupation forces from Afghanistan. Four decades on, Russia has invited the same Taliban to join an economic meeting in St. Petersberg next month. Since the Taliban seized power again in Kabul in August 2021 […]

Business

Roving Periscope: “Plot to carve out a Christian state,” says Sheikh Hasina

May 27, 2024 virendra pandit

Virendra Pandit New Delhi: Bangladesh Prime Minister Sheikh Hasina Wajed has dropped a geopolitical bombshell by stating that the West is “plotting to carve out a Christian state” out of Muslim-majority Bangladesh and Buddhist-dominant Myanmar, and referred to an offer from a “White man” in this regard, the media reported on Monday. Accusing the West—without […]

Business

Disaster: Mountain collapses, burying 2,000 alive in Papua New Guinea

May 27, 2024 virendra pandit

Virendra Pandit New Delhi: The Papua New Guinea National Disaster Center said on Monday that last Friday past midnight’s massive landslide in a remote village in the northern part of the country buried over 2,000 people alive. “The landslide buried more than 2,000 people alive and caused major destruction to buildings, and food gardens and […]

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Business

Largest container ship to arrive in India drops anchor at Adani Ports, Mundra

May 26, 2024 Vinayak Barot

Mundra Port, the flagship of Adani Ports and Special Economic Zone Ltd (APSEZ), India’s largest port and logistics company, has created yet another record by welcoming the largest container ship ever to call at an Indian port. The vessel, MSC Anna, docked on 26 May, marking a significant milestone for both the port and the […]

Business

Roving Periscope: China flexes muscles against Taiwan, again—and returns!

May 25, 2024 virendra pandit

Virendra Pandit New Delhi: It was yet another and usual war rhetoric to put psychological pressure. Routine military exercises, threats, and then returning to bunkers. Somewhat like the Iran-Israel ‘war games.’ Taiwan, which said it detected 62 Chinese military aircraft and 27 navy ships in its latest ‘threats’ to the island nation in the last […]

Business

Space: NASA will train Indian astronauts for a joint mission to the ISS; the QUAD satellite mooted

May 25, 2024 virendra pandit

Virendra Pandit New Delhi: A day after his meeting with Indian Space Research Organization (ISRO) Chairman Dr. S. Somanath, US Ambassador to India Eric Garcetti said on Friday that the National Aeronautics and Space Administration (NASA) will soon provide advanced training to Indian astronauts to send a joint mission to the International Space Station (ISS) […]

Business

Torrent Pharma Q4 Results, Net profit jumps 57%

May 24, 2024 Vinayak Barot

Drug firm Torrent Pharmaceuticals Ltd on Friday (May 24) reported a 56.5% year-on-year (YoY) jump in net profit at ₹449 crore for the fourth quarter that ended March 31, 2024. In the corresponding quarter, Torrent Pharmaceuticals posted a net profit of ₹287 crore, the company said in a regulatory filing. The company’s revenue from operations […]