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World Trade and Development Report: India for Preferential Status to Developing Nations

Ut World November 26, 2021 0

On Thursday, the administration emphasized the importance of maintaining the WTO’s special and differential treatment for developing and poor nations, as well as a consensus-driven approach, as essential principles, a viewpoint held by trade experts as well. “At the upcoming WTO Continue Reading

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Paytm CEO’s Goal to Deliver India’s Largest-Ever IPO Backfires

Ut World November 19, 2021 0

Vijay Shekhar Sharma brushed away tears of pleasure as he recalled his climb from “commoner” to CEO of a digital payments behemoth that recently completed India’s largest-ever IPO. Before striking the opening gong at the Bombay Stock Exchange at 10 a.m. local time on Thursday, the founder and CEO of One 97 Communications Ltd., operator […]Continue Reading

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HCL Tech to Train and Hire High School Graduates in the United States

Ut World November 11, 2021 0

HCL Tech, an IT services provider, has announced an apprenticeship program in the United States to train and hire high-school graduates in order to boost its localization efforts in global markets. Apprentices who complete the program successfully will be offered full-time employment with HCL and will be able to pursue a debt-free college degree at […]Continue Reading

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FinMin to Federal Ministries and Departments: Clear Air India Dues, Buy Seats in Cash

Ut World October 28, 2021 0

All key ministries and government entities have been asked by the Finance Ministry to discharge Air India’s debts as soon as possible. The Department of Expenditure (DoE) also stated that government agencies may only purchase tickets from Air India in cash, as the carrier which is set to be acquired by the Tata group, no […]Continue Reading

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India’s September Trade Deficit Widens to Record $22.6 Billion

Ut World October 15, 2021 0

According to government data released on Thursday, India’s merchandise trade imbalance stretched to a record $22.6 billion in September, the largest in at least 14 years, as crude oil and gold imports soared. The Reserve Bank of India is unlikely to be troubled by the rising trade deficit because the trade surplus in services and […]Continue Reading

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Vehicle Sales Drop 41 Percent in September

Ut World October 15, 2021 0

The Society of Indian Automobile Manufacturers, or Siam, reported on Thursday that passenger vehicle sales in September plunged 41% to 1,60,070 units, down from 2,72,027 units in the same month a year ago. High commodity prices and a chip shortage exacerbated automakers’ woes, resulting in lower sales. In the same month last year, the car […]Continue Reading

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Tata Motors invests Rs 7,500 crore in electric vehicle business

Ut World October 13, 2021 0

Tata Motors is making a global investment in the electric vehicle business. US-based TPG Rice Climate and Abu Dhabi-based ADQ will invest Rs 7,500 crore. Tata Motors will transform its electric vehicle business into a separate company. The TPG-ADQ alliance will have an 11% –15% stake in the company. The new company is valued at […]Continue Reading

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Reliance Announced its Master Franchise Agreement with 7-Eleven Inc in India

Ut World October 8, 2021 0

On Thursday, Reliance Retail Ventures Limited (RRVL) announced that it had signed a master franchise deal with 7-Eleven Inc (SEI) to open 7-Eleven convenience stores in India. It further stated that the first 7-Eleven store will open in Andheri East, Mumbai, on Saturday, October 9, 2021. This would be followed by a rapid deployment in […]Continue Reading

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Telecom companies fined Rs 3,050 crore

Ut World October 2, 2021 0

In 2016, Reliance Jio was fined Rs 3,050 crore by Bharti Airtel and Vodafone-Idea (VI) for denying interconnection facilities. Vodafone-Idea owes Rs 2,000 crore and Bharti Airtel Rs 1,050 crore. Within weeks of announcing various reforms to support telecom companies in crisis, the government tightened its grip on fines. Airtel is preparing to approach the […]Continue Reading

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Elon Musk and Jeff Bezos Set to Offer Satellite-Based Internet Access

Ut World October 1, 2021 0

In the high-speed broadband and internet industry, Jeff Bezos and Elon Musk, the world’s two richest businesspeople, are prepared to take on Airtel’s Sunil Mittal and Reliance Jio’s Mukesh Ambani, as they have contacted the Indian government with distinct plans to offer satellite-based internet access. According to sources, Musk’s satellite internet Continue Reading