NEW DELHI: Congress leader Rahul Gandhi on Wednesday accused Prime Minister Narendra Modi of waiving off loans amounting to Rs 16 lakh crore for his billionaire friends. Rahul stated that this act is a “crime” that the country will never forgive.Gandhi pointed out that the waived-off money could have supplied gas cylinders to the entire
(Bloomberg) — Tesla Inc. Chief Executive Officer Elon Musk is set to visit India and meet with Prime Minister Narendra Modi, sparking speculation about the US company’s investments in the South Asian nation just ahead of the start of national elections. Most Read from Bloomberg Musk is expected to visit India this month, the Economic
The southern seaport of Hambantota was handed to a Chinese state-owned company in 2017 on a 99-year lease for US$1.12 billion, sparking security concerns from Beijing’s regional rival India. Gunawardena added that China would assist Sri Lanka’s restructuring of external debt, a key condition to maintaining a US$2.9 billion bailout from the International Monetary Fund
Skift Take 2023 was a record year for Indian hospitality in terms of hotel investments as well as new branded hotel openings and signings. — Bulbul Dhawan The Indian hospitality industry witnessed investments to the tune of $401 million in 2023, real estate company JLL revealed in a new report. This was nearly four times
Disney (DIS) once embraced the opportunity to expand into India. Now it’s backing away. Five years ago, the media giant’s $71 billion 21st Century Fox deal gave it access to the Indian TV network Star, which hosts dozens of sports and entertainment channels, along with its streaming service Hotstar. But the House of Mouse is
Former President Donald Trump is now selling Bibles as he runs to return to the White House. Trump, who became the presumptive Republican nominee earlier this month, released a video on his Truth Social platform on Tuesday urging his supporters to buy the “God Bless the USA Bible”, which is inspired by country singer Lee
Indian Finance Minister Nirmala Sitharaman has taken a firm stance on Bitcoin (BTC) and other digital assets, emphasizing that they cannot be considered currencies. Sitharaman says she expects the G20 — the intergovernmental forum comprised of 19 sovereign countries, the European Union (EU), and the African Union (AU) — to draft a regulatory framework for
The Enforcement Directorate has filed a chargesheet under anti-money laundering laws against 299 entities, including 10 individuals of Chinese origin. This action follows an investigation into allegations of defrauding investors through schemes involving mining cryptocurrencies like Bitcoins, stated the ED. The ED stated that a special court in Dimapur, Nagaland, has acknowledged the prosecution complaint filed
New Delhi: A majority of World Trade Organization (WTO) members rejected the China-backed group’s proposal on investment facilitation for development, saying it could only be done by consensus, some non-government advocacy groups have said. This vindicates the stand of India and South Africa against any such move that is not on the table at WTO
The stellar rally in Indian equities that’s made them an investor favorite has run into headwinds that go beyond elevated valuations. Earnings misses, the attractiveness of rival markets amid expectations of a dovish policy shift by the Federal Reserve and a nascent recovery in Chinese equities are casting doubts over India extending a rally that