Political

Business

Communist Vietnam: In a $27 bn fraud, a billionaire woman sentenced to death

April 11, 2024 virendra pandit

Virendra Pandit New Delhi: In a rare case of its kind in a Communist-ruled country, a leading billionaire woman realtor has been sentenced to death in Vietnam for defrauding over 42,000 people of USD 27 billion, which is equivalent to six percent of the Southeast nation’s GDP, the media reported on Thursday. According to reports, […]

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Business

Amid Gaza War: Over 6,000 Indian workers going to Israel to rebuild construction sector

April 11, 2024 virendra pandit

Virendra Pandit New Delhi: Amid the ongoing ‘fight-to-finish’ conflict between Israel and the Hamas-ruled Gaza Strip, which has brought the real estate sector to a halt, nearly 6,000 Indian workers are going to urgently restart the construction projects stalled for over six months because of the ban on Palestinian workers’ entry. The workers from India […]

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Business

Roving Periscope: Ailing, but China rejects Fitch’s downgrade, claims its economy is stable

April 11, 2024 virendra pandit

Virendra Pandit New Delhi: Despite reeling under economic reverses since the outbreak of COVID-19 and its domino effect, particularly after its real estate sector went almost bust, China has, however, rejected Fitch’s fresh rating and claimed that its economy is “stable.” According to the media reports, China’s Finance Ministry denounced a report by Fitch Ratings […]

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Business

Canada polls: No Indian interference in 2021 elections, official probe finds

April 10, 2024 virendra pandit

Virendra Pandit New Delhi: Debunking their own intelligence agencies’ claims, an official investigation into the 2021 elections in Canada has concluded that India did not interfere in the polls won by the current Prime Minister Justin Trudeau, the media reported on Wednesday. A panel of senior Canadian officials monitoring the 2021 elections in the North […]

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Business

Roving Periscope: In the fragile Chinese economy, a cement co goes bust in 15 minutes!

April 10, 2024 virendra pandit

Virendra Pandit New Delhi: The fragility of China’s economy on Wednesday led to a listed cement producer’s market value crashing 99 percent in just 15 minutes! According to the media reports, China Tianrui Group Cement Co suddenly came into the spotlight when it suspended stock trading on Wednesday following a sell-off that nearly wiped out […]

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Business

Law: SC junks its ruling, gives relief to Delhi Metro against Reliance Infra

April 10, 2024 virendra pandit

Virendra Pandit New Delhi: In a rare move, the Supreme Court of India on Wednesday lifted a Rs. 4,700 crore burden off the Delhi Metro Rail Corporation (DMRC), criticizing its own 2021 verdict that saddled a public utility with an exorbitant amount that has now swelled to nearly Rs. 8,000 crore. A three-judge Bench of […]

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Business

Roving Periscope: Pak gets 2 snubs in 2 days from 2 ‘friends’—the Saudis and the US

April 9, 2024 virendra pandit

Virendra Pandit New Delhi: A day after Saudi Arabia advised Pakistan to settle its “bilateral” issues with India, including Kashmir, Washington also refused to support Islamabad on its claims about New Delhi’s alleged role in killing nearly 20 terrorists. The US, which, like India, is in the middle of elections, is following a checks-and-balance policy—expressing […]

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Business

Weather: India may have normal monsoon rains this year, says Skymet

April 9, 2024 virendra pandit

Virendra Pandit New Delhi: Nearly two months ahead of the onset of rainy season, a private weather forecaster has predicted that India is likely to receive normal monsoon this year, giving respite to both the people, and the farmers—besides the government currently engaged in the Lok Sabha election. According to Skymet, monsoon rains are expected […]

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Business

Immigration: “Unsustainable levels”, says New Zealand as it tightens rules

April 8, 2024 virendra pandit

Virendra Pandit New Delhi: Concerned at how foreigners are making a beeline to enter it, New Zealand said on Sunday that it was making immediate changes to its employment visa program after a near-record migration in 2023 which it said was “unsustainable.” The changes include measures such as introducing English language requirements for low-skilled jobs […]

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Business

Employment: Over 30 mn jobs created in India’s real estate sector since 2014, says study

April 8, 2024 virendra pandit

Virendra Pandit New Delhi: Supported by several policy reforms undertaken by the Narendra Modi government since 2014, employment in the real estate sector surged from 4 crore in 2013 to 7.1 crore in 2023, a joint report by real estate consultant Anarock and sectoral body National Real Estate Development Council (NAREDCO) said on Monday. The […]

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