Political

Business

CPEC: To protect USD 62 bn investment, China throws a USD 1.3 billion lifeline at drowning Pakistan

March 4, 2023 virendra pandit

Virendra Pandit   New Delhi: Amid apprehensions that the Afghan Taliban-supported Tehreeke-e-Taliban Pakistan (TTK) and the Baluch terrorists could target the China-Pakistan Economic Corridor (CPEC) infrastructure projects and Gwadar Port, Beijing on Saturday approved a USD 1.3 billion loan for cash-strapped Islamabad to wean it away from declaring a Sri Lanka-type default in the coming […]

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Business

Road to 2024: China the strongest and the most disciplined “enemy”, says Nikki Haley

March 4, 2023 virendra pandit

Virendra Pandit   New Delhi: The level of superpower rivalry between the US and China showed up on Friday when Republican presidential aspirant, Indian-American politician Nikki Haley, warned that China is the strongest and the most-disciplined “enemy” that America has ever faced. The next US presidential election is due on November 5, 2024. In a […]

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Business

Roving Periscope: Adani stocks bouncing back; Rs.68k crores added on Friday alone

March 4, 2023 virendra pandit

Virendra Pandit   New Delhi: After witnessing a washout of over USD 100 billion worth of market capitalization since the January 24 Hindenburg Report’s allegations, the stocks of Adani Group companies are bouncing back on the bourses with investors, after their initial panic, returning to the intact ‘India Story.’ While the Adanis are currently busy […]

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Business

Roving Periscope: Quad to support Pacific Island countries, ASEAN

March 3, 2023 virendra pandit

Virendra Pandit    New Delhi: A day after Chinese Foreign Minister Qin Gang warned against “bloc politics” at the G-20 Foreign Ministers’ Meeting (FMM) here, the Quadrilateral Security Dialogue (Quad) asserted that the four-nation group of democratic countries opposed any “unilateral actions” seeking to change the status quo or increase tensions in the Pacific Ocean […]

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Business

Markets: Global sentiment up, Sensex gains 900 points; Adani stocks rally

March 3, 2023 virendra pandit

Virendra Pandit    New Delhi: With a bull run on Dalal Street on the current week’s last trading day on Friday, the S&P BSE Sensex gained 900 points (1.6 percent) closing at 59,809 points in intra-day trade, while benchmark index Nifty50 rallied over 272 points (1.6 percent) to close at 17,594, as all sectors swam […]

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Business

Roving Periscope: ‘Outcome document’, not “joint statement” in G-20 FMM, too

March 2, 2023 virendra pandit

Virendra Pandit    New Delhi: The ongoing Russian invasion of Ukraine, which began on February 24, 2022, cast its shadow on the last year’s G-20 meeting in Indonesia. This year, the conflict may be eclipsing the G-20 bloc’s ongoing meetings in India. As in the recent Bengaluru meeting of finance ministers and central bank chiefs, […]

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Business

G-20 FMM: Global governance has failed to prevent wars; common interests ignored, says PM Modi

March 2, 2023 virendra pandit

Virendra Pandit    New Delhi: Prime Minister Narendra Modi on Thursday said multilateralism is in crisis today and the failure of the global architecture of governance is affecting developing countries the most. Inaugurating the first foreign ministers’ meeting (FMM) of G-20 nations here in 2023, he said “The architecture of global governance created after the […]

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Business

The Hindenburg row: SC forms 6-member expert panel; Adani welcomes

March 2, 2023 virendra pandit

Virendra Pandit   New Delhi: The Supreme Court on Thursday directed market regulator SEBI to complete an investigation within two months into the allegations of the Hindenburg Research against the Adani Group companies and set up a high-level committee to review regulatory mechanisms and protect investor interests in the light of the US-based short-sellers’ January […]

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Business

Telecom: With 3 years’ target surpassed in 6 months, India to expand 5-G services

March 1, 2023 virendra pandit

Virendra Pandit    New Delhi: In a rare feat, as the Indian telecommunication companies have surpassed the three-year 5-G rollout target given to them within six months, the government is all set to enhance the adoption of 5-G applications across various key segments in India. According to the media reports, quoting VL Kantha Rao, Additional […]

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Business

Roving Periscope: 30 lakh textile, other workers may lose jobs in Pakistan

March 1, 2023 virendra pandit

Virendra Pandit    New Delhi: Amid reports that a broke Islamabad is also considering rationing food supplies even to the all-powerful armed forces, and that many companies are paying only 15-days’ salaries to their staff, Pakistan is likely to see millions of employees and workers being thrown out of jobs in the coming weeks. With […]

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