Political

Business

Business: ED raids Hero MotoCorp chief Pawan Munjal’s residence, offices

August 1, 2023 Vinayak Barot

Virendra Pandit New Delhi: In one of the highest profile corporate raids, the Enforcement Directorate (ED) on Tuesday swooped at the residence and offices of Hero MotoCorp’s Executive Chairman Pawan Munjal in the national capital to conduct a search and investigate a case of alleged diversion of funds. The raid came on the heels […]

Business

Roving Periscope: The US re-engages Taliban, may push them against China

August 1, 2023 Vinayak Barot

Virendra Pandit New Delhi: Few could have missed the real reason why the US forces, armed to the teeth, suddenly fled from Afghanistan in 2021, in the dead of night, and without even informing then President Hamid Karzai, their own protégé. No superpower worth its firepower would stew in its own juice. Of course, […]

Business

Investments: Taiwan’s Foxconn to invest Rs. 1,600 crores in Tamil Nadu

July 31, 2023 Vinayak Barot

Virendra Pandit New Delhi: Foxconn, the world’s largest electronics manufacturer, on Monday proposed to invest Rs. 1,600 crores in Tamil Nadu to build an electronics component facility that would likely employ about 6,000 people. Foxconn signed an agreement in this regard after a recent meeting with Tamil Nadu Chief Minister M K Stalin. This […]

U.S. President Biden welcomes Italy’s Prime Minister Meloni at the White House

Business

Roving Periscope: Italy to leave BRI, says joining it was “atrocious”

July 31, 2023 Vinayak Barot

Virendra Pandit New Delhi: What many Asian countries sensed early, and acted swiftly, has now dawned upon Europe also: Italy, the only major European country to have joined the China-promoted financial trap called the Belt and Road Initiative (BRI), has admitted that joining the network was an “atrocious” decision. Italy joined BRI in 2019 […]

Business

Friend-spotting: After India, Sri Lanka woos France, Japan

July 29, 2023 Vinayak Barot

Virendra Pandit New Delhi: A week after a grateful Sri Lankan President Ranil Wickremesinghe’s state visit to New Delhi, the cash-strapped island nation is looking for more rescuers to bring its battered economy back on rails. India was the only country to help Sri Lanka with a credit line of USD 4 billion in […]

Business

Roving Periscope: Saudi to facilitate oil flow to China via Pakistan refinery

July 29, 2023 Vinayak Barot

Virendra Pandit New Delhi: Neary two weeks before the term of the Shehbaz Sharif government ends on August 14, Pakistan on Thursday signed an MoU with Saudi Arabia for the establishment of a USD 10 billion greenfield oil refinery at Gwadar Port in the restive, mineral-rich southwestern province of Baluchistan where the USD 62 […]

Business

Economy: India to be the world’s 3rd largest by FY28, says SBI Ecowrap

July 28, 2023 Vinayak Barot

Virendra Pandit New Delhi: India is likely to emerge as the world’s third-largest economy by 2027-28 and at least two of its states—Maharashtra and Uttar Pradesh– would break the USD 500 billion mark, the State Bank of India’s Economic Research Department’s report, SBI Ecowrap, said. At its current rate of growth, the South Asian […]

Business

Semiconductors: PM Modi promises “red carpet”; Vedanta tying up with partners

July 28, 2023 Vinayak Barot

Virendra Pandit New Delhi: Prime Minister Narendra Modi on Friday said India aims to emerge as a hub of the chipmaking industry and promised to “roll out a red carpet” for global semiconductor manufacturers. Inaugurating the second global summit of SemiconIndia in Gandhinagar, he said semiconductor firms are committing investments in India which wants […]

Business

Roving Periscope: Whistleblowers claim the US possesses UFOs, non-humans

July 27, 2023 Vinayak Barot

Virendra Pandit New Delhi: It may become a confirmation of an ‘open secret’ many claimed to know since the end of the Second World War in 1945 when, for the first time, some people were said to have seen what later became popularly known as the Unidentified Flying Objects (UFOs). A former US intelligence […]

Business

Race for rice: India’s ban on exporting non-basmati triggers panic buying in the US

July 27, 2023 Vinayak Barot

Virendra Pandit New Delhi: Close on the heels of Russia exiting the Black Sea Agreements and bombing Ukraine’s last granaries, thus triggering a possible food scarcity in many countries, India’s ban on white rice exports has also panicked many people worldwide. After the International Monetary Fund (IMF) expressed concern at India’s June 20 ban […]