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Sri Lankan President Gotabaya Rajapaksa declares state of emergency; PM Mahinda Rajapaksa refuses to quit

Colombo, May 6 (PTI) Embattled Sri Lankan President Gotabaya Rajapaksa declared a state of emergency with effect from Friday midnight, the presidential media division said, the second time in just over a month amidst growing countrywide anti-government protests over the unprecedented economic crisis. The state of emergency gives the police and the security forces sweeping [...]

Sri Lankan President Gotabaya Rajapaksa declares state of emergency

Colombo, May 6 (PTI) Embattled Sri Lankan President Gotabaya Rajapaksa declared a state of emergency with effect from Friday midnight, the presidential media division said, the second time in just over a month amidst countrywide public protests over the worst economic crisis. The state of emergency gives the police and the security forces power to [...]

India, Italy have huge opportunities to boost economic ties: Piyush Goyal

New Delhi, May 6 (PTI) There are huge opportunities for increasing cooperation in areas like tourism, design, digital world, services, goods and education between India and Italy to boost economic ties, commerce and industry minister Piyush Goyal said on Friday. He said that the large size of the domestic market, availability of talent pool and [...]

Lenders to get 10-15 bps margin gains from rate hike: Report

Mumbai, May 6 (PTI) The unexpected interest rate hike by the RBI on Wednesday will have the banking system on average making a 10-15 bps gains on the yields, with private banks making larger gains as 57 per cent of their loans are linked to external benchmark rate and 40 per cent to the marginal [...]

Lanka protests: Activists warn to lay siege to Parliament amid nationwide strike demanding Rajapaksas’ ouster

Colombo, May 6 (PTI) Sri Lankan student activists on Friday warned to lay a siege to Parliament as trade unions launched a crippling island-wide strike to demand the resignation of President Gotabaya Rajapaksa and his government over their inability to tackle the economic meltdown which has caused unprecedented hardships to the public. Thousands of student [...]

India, Italy have huge opportunities to boost economic ties: Piyush Goyal

New Delhi, May 6 (PTI) There are huge opportunities for increasing cooperation in areas like tourism, design, digital world, services, goods and education between India and Italy to boost economic ties, Commerce and Industry Minister Piyush Goyal said on Friday. He said that large size of domestic market, availability of talent pool, and the world [...]

Post-1947, country suffered due to wrong economic policies, visionless leadership: Gadkari

Pune, May 6 (PTI) Union minister Nitin Gadkari on Friday said that due to the "wrong economic policies, corrupt governance and visionless leadership" post-Independence, the country suffered greatly, but with Prime Minister Narendra Modi at the helm, people are now talking about "self-reliant, happy, prosperous and powerful" India.Speaking at the inaugural ceremony of the Jain [...]

Eye on bigger deals, L&T decides to merge L&T Infotech and Mindtree

Mumbai, May 6 (PTI) Aiming at bigger deals from clients looking for digital services, L&T Group on Friday announced a merger of L&T Infotech and Mindtree, which will create the country's sixth largest information technology company with combined revenue of USD 3.5 billion. The engineering, projects and construction major, which already owns a majority stake [...]
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