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Modern Stars: D-Mart’s RK Damani tops the list of “Top 200 Self-Made Entrepreneurs”

November 30, 2023 Vinayak Barot

Virendra Pandit New Delhi: Radhakishan Damani, founder of retail chain D-Mart, may be leading the list of the “Top 200 Self-made Entrepreneurs of the Millennia 2023”, announced on Thursday, the focus of Modern India is elsewhere. For, eight of the Top 10 most valuable companies in the list are startups. “The IDFC FIRST Private […]

Business

Immigration: Indians third largest “illegal” immigrants in the US, says Pew Research

November 22, 2023 Vinayak Barot

Virendra Pandit New Delhi: Not only have nearly eight lakh Indians officially renounced their citizenship since 2018, but the number of illegal immigrants from India to other countries, particularly to the West, is also growing steadily. New research has revealed that Indians form the third-largest illegal immigrant population in the United States. According to […]

Business

Roving Periscope: As OIC meet fails, and Israel digs deeper in Gaza, aid falters

November 17, 2023 Vinayak Barot

Virendra Pandit New Delhi: With the near-collapse of the 57-nation Organization of Islamic Cooperation (OIC) meeting on the Gaza situation this week, Israel penetrated deeper into the war-torn Strip while international aid to the Palestinian enclave was halted because of the breakdown of communications for the second day on Friday, threatening the survival of […]

Business

E-commerce: Amazon, Flipkart, and others to make deliveries using EVs in India

November 8, 2023 Vinayak Barot

Virendra Pandit New Delhi: E-commerce majors Amazon and Flipkart, and other players, have launched programs in India envisaging cent percent deliveries using electric vehicles. Currently, Amazon India has a fleet of 6,000 EVs for making deliveries across 400 towns and cities in the country. It will increase the fleet to 10,000 in the next […]

Business

Economy: Pakistan’s debt servicing cost may go up to PKR 8.5 trillion

November 7, 2023 Vinayak Barot

Virendra Pandit New Delhi: Nearly bankrupt, Pakistan has informed the International Monetary Fund (IMF) that its debt servicing costs may go up to PKR 8.5 trillion in the current financial year and that efforts are being made to lower this projection through adjustments in debt maturity profiles. A substantial portion of this debt is […]

Business

Roving Periscope: Hamas ‘predicts’ the USA’s Soviet-type collapse!

November 4, 2023 Vinayak Barot

Virendra Pandit New Delhi: As Israel relentlessly encircled Gaza City in the northern Gaza Strip, killing many and wounding even more people, the Hamas terror outfit ‘predicted’ that the USA, the chief supporter of the Jewish state, would “collapse just like the USSR”, at a time US Secretary of State Antony Blinken returned to […]

Business

The Gaza War: As Israel penetrates deeper, the UN warns of a humanitarian catastrophe

October 31, 2023 Vinayak Barot

Virendra Pandit New Delhi: As Israel penetrated deeper into the Gaza Strip and the death toll mounted amid wanton destruction, the United Nations has warned that “an immediate ceasefire has become a matter of life and death for millions” of the Palestinians. Philip Lazzarini, who heads the UN agency for the Palestinian refugees, briefed […]

Business

Season’s worries: Ahead of Assembly elections, onion prices up, demand down

October 31, 2023 Vinayak Barot

Virendra Pandit New Delhi: It happens almost every year when the gap between two crops shoots the prices up. As five state assemblies go to the polls in the coming weeks, the onion prices have gone through the roof across India in the last 10 days. This price rise has pulled down the bulb’s […]

Business

Energy: Sri Lanka renews Lanka-IOC petroleum license for 20 years

October 30, 2023 Vinayak Barot

Virendra Pandit New Delhi: Sri Lanka has renewed the Lanka-Indian Oil Corporation (LIOC)’s petroleum products license for another 20 years. The Lanka-IOC is the local subsidiary of the IOC in the island nation next door to India. The media reported on Monday that the license, originally issued in 2003, was to expire in January […]

Business

Electricity: ‘By 2050, India’s ACs would consume more power than entire Africa’

October 24, 2023 Vinayak Barot

Virendra Pandit New Delhi: India is geographically larger than Europe, minus Russia’s European part, and the British called the South Asian country a ‘subcontinent.’ By 2050, however, the air-conditioners installed in a rising India will alone consume more electricity than an entire continent—Africa—will do. India’s demand for electricity for running household air conditioners is […]