In a statement Anish Shah, the CEO of Indian auto major Mahindra and Mahindra group said, it will explore sourcing more components from other companies to boost its electric vehicle (EV) portfolio. While earlier Mahindra had focussed on developing EV components… Read More ›
Indian
India strengthens cyber security rules
In a statement the India’s cybersecurity watchdog said, New Delhi will not dilute upcoming cybersecurity rules that require social media, technology companies and cloud service providers to report data breaches swiftly, despite growing industry concerns. The Indian Computer Emergency Response… Read More ›
Germany pledges $10.51 billion to help India achieve climate change goals
In a statement to the media, German Chancellor Olaf Scholz said, Germany has pledged $10.51 billion (10 billion euros) to help India achieve its climate goals following a meeting with Indian Prime Minister Narendra Modi in Berlin. Both leaders highlighted… Read More ›
Johnson offers India know-how to build fighter jets, license for faster defense deliveries
In his first visit to India, British Prime Minister Boris Johnson is set to offer New Delhi know-how to build its own fighter jets and a licence for faster deliveries of defence equipment as it tries to wean India away… Read More ›
Mercedes-Benz gains lead in India with domestic assembling while Tesla continues to work on challenges
In a tweet Tesla’s CEO Elon Musk said, it is “still working through a lot of challenges with the government” in India, in response to a question on a potential launch date for its electric cars in the country. Last… Read More ›
British Trade Minister Anne-Marie Trevelyan arrives in India to secure post-Brexit trade deals
On Wednesday, British Trade Minister Anne-Marie Trevelyan arrived in India in an effort to boost economic ties between the two countries. The development marks Britain trying to sign trade deals after its departure from the European Union – the world’s… Read More ›
Reliance industries purchases controlling stake in five star Mandarin Oriental New York hotel for $98.15M
India’s Reliance Industries Ltd has agreed to purchase a controlling stake in Mandarin Oriental New York, a five-star hotel in midtown Manhattan, through the purchase of its Cayman Islands-based parent for $98 million. In a stock exchange filing on Saturday, Reliance… Read More ›
India Russia sign 28 investment pacts
In a statement Indian Foreign Secretary Harsh Vardhan Shringla said, New Delhi and Moscow have signed 28 investment pacts including deals on shipbuilding, steel, energy and coal. Putin’s visit to India comes at a time when Russia has just commenced… Read More ›
India-US agree to expand trade ties on agricultural products
In a significant development, India and the United States agreed to expand trade on some agricultural products, including US distiller dried grains, cherries, alfalfa as well as Indian mangoes, grapes, shrimp and water buffalo meat. In a joint statement following… Read More ›
Russia starts delivery of S-400 air missile system to India
In a statement the head of Russia’s military cooperation agency said, Moscow has commenced delivery of the S-400 air defence missile systems to India, non-withstanding threat of US sanctions. The commencement of deliveries of Russian weapons to India places New… Read More ›