Why oil can spoil India’s budget math
Mumbai: One of the biggest drivers of India’s superlative macro-economic performance in the recent past has been a relatively under-appreciated element: oil. Since 2014, the dramatic fall in crude oil prices has helped India contain her twin deficits, and tame inflation. But with oil exporting countries planning to curtail oil supply, raising the possibility of […]
N. Chandrasekaran begins long road to restoring Tata group’s image
Bangalore/Mumbai: Amid the carnage on Wall Street in 2008, as Bank of America Corp. was trying to forge its rushed merger with Merrill Lynch & Co., Natarajan Chandrasekaran boarded a plane for New York to try to reassure the two financial behemoths that an Indian IT company could make the systems of their strikingly different […]
Brexit trade deal with India ‘at risk’ without visa reform
One of Britain’s most important post-Brexit trade partnerships+ could be at risk due to Theresa May’s refusal to reform visa restrictions for Indian citizens. The British Prime Minister has insisted leaving the EU would allow Britain to find other partners abroad and India, the world’s fastest growing major economy, was the first country she visited, […]
Indian Outsourcing Firms Prep for Curbs on H-1B Visa Workers Under Trump
NEW DELHI—President-elect Donald Trump doesn’t take office in Washington until Friday, but he is already forcing firms in India’s mammoth $108 billion technology-outsourcing industry to rethink their hiring practices in the U.S., their largest market. While Mr. Trump has chastised U.S. firms for offshoring American jobs, Indian outsourcing firms could be set to see renewed […]
Indian investor jailed in insider trading case in US
NEW YORK: An Indian-origin ex-private equity investor has been jailed for 20 months for tipping off two friends about the proposed 2013 acquisition of Cooper Tire & Rubber Company by India-based Apollo Tyre, an insider trading scheme that netted over $1 million in illegal profits. Amit Kanodia,, 49, of Brookline, was sentenced yesterday by US […]
‘Haley to embody vibrant parts of American society before UN’
WASHINGTON: As a “proud daughter” of Indian-American immigrants, Nikki Haley, tapped by US President-elect Donald Trump to be the ambassador of US to the United nations, will embody vibrant parts of the American society before the world forum, the Trump Transition team has said. South Carolina Governor Haley, whose Sikh parents immigrated from Punjab, is […]
After Indian flag doormat, Amazon withdraws offensive flip-flops
After Amazon withdrew a Tri-coloured doormat offensive to Indian sensitivities from its Canadian platform in the face of warnings by external affairs minister Sushma Swaraj, the e-commerce major has now also pulled out flip-flops bearing the picture of Mahatma Gandhi, a senior official said on Thursday. “We have been in touch with Amazon both in […]
Barack Obama calls Narendra Modi, PM thanks him for boosting strategic ties
NEW DELHI: Just ahead of Donald Trump’s inauguration as the President of the United States, President Barack Obama called up Prime Minister Narendra Modi to review “all round progress” in the relations between US and India. As he wished the outgoing US President well for his future endeavours, Modi thanked Obama for strengthening the strategic […]
Kashmir an ‘unfinished agenda’ of partition: Raheel Sharif
Asked whether peace and economic prosperity could be achieved in South Asia without the resolution of Kashmir dispute, Raheel was quoted by the Express Tribune as saying, “There are three words to explain how to move forward and these are Kashmir, Kashmir and Kashmir.” Raheel termed Kashmir as the “unfinished agenda” of the partition, saying […]
Jallikattu protests continue to rock TN; AR Rahman, Rajinikanth show support
Top Tamil Nadu celebrities Rajinikanth, Kamal Haasan, AR Rahman and Viswanathan Anand came out in support of Jallikattu on Thursday, as protests against a court ban on the traditional and popular bull-taming sport continued to rock the southern state. Oscar-winning music composer Rahman tweeted he would fast on Friday to “support the spirit” of […]