Washington, Feb 23 (PTI) US President Joe Biden on Tuesday announced a series of economic sanctions against Russia as he accused his Russian counterpart Vladimir Putin of aggression against Ukraine. Biden, announcing America’s first tranche of economic sanctions against Russia, told reporters at the White House that “there's no question that Russia is the aggressor. [...]
New Delhi, Feb 22 (PTI) An Air India plane carrying around 240 Indians from Ukraine landed at the Delhi airport on Tuesday night, amid rising tensions between the Eastern European nation and Russia. The flight AI 1946 landed at the Indira Gandhi International Airport here at around 11.40 pm. It took off from Boryspil International [...]
Mumbai, Feb 22 (PTI) Finance Minister Nirmala Sitharaman on Tuesday said the Russia-Ukraine tension and a surge in crude oil prices pose risk to the financial stability of the country and the government is closely monitoring the situation. The finance minister was on a two-day post-Budget outreach programme in the country's financial capital, starting Monday. [...]
New Delhi, Feb 22 (PTI) The Supreme Court Tuesday held that granting freebies to doctors by pharmaceutical companies to boost sales of medicines is "clearly prohibited by law” and dismissed a plea of a firm seeking deduction under the Income Tax Act on account of giving incentives to medical practitioners. The top court termed as [...]
Mumbai, Feb 22 (PTI) Finance Minister Nirmala Sitharaman on Tuesday said the government is looking into the governance lapses that had happened at the National Stock Exchange (NSE) but declined to comment on whether there was an adequate correctional step in terms of actions taken against those who were held responsible for the lapses. Earlier [...]
New Delhi, Feb 22 (PTI) Hospitality industry body FHRAI on Tuesday said it has submitted a representation to Union Civil Aviation Minister Jyotiraditya Scindia seeking his intervention to avoid disruptions in flight movements at the Port Blair Airport. The Andaman & Nicobar Command has directed shutting down the only runway of Veer Savarkar International Airport [...]
India Ratings has revised upwards its outlook on the microfinance sector to 'neutral' from 'negative' next fiscal, on the back of a revival in growth that could clip at 30 per cent. The agency expects the sector to grow 20-30 per cent in both FY22 and FY23 in comparison to the below 10 per cent [...]
India will have 1 billion smartphone users by 2026 with rural areas driving the sale of internet-enabled phones, a Deloitte study said on Tuesday. India had 1.2 billion mobile subscribers in 2021, of which about 750 million are smartphone users. It is poised to be the second-largest smartphone manufacturer in the next five years. "The [...]
Mumbai, Maharashtra, India – Business Wire India Tourism Australia is delighted to be welcoming back travellers from India with borders now open for quarantine-free travel, for fully vaccinated visa holders. Pre-Covid, India was Australia’s fastest growing inbound tourism market for three years. In 2019, Australia welcomed almost 400,000 visitors from India and was the sixth [...]
Forecasting a lower-than-previously projected 10 per cent GDP growth for the fiscal year 2022 due to the third wave of the pandemic, foreign brokerage Barclays said the Indian economy is likely to have expanded by 6.6 per cent in the December quarter. The economy had a relatively stable Q3 with several sectors returning to pre-pandemic [...]
