More on Economy/Business

Crisis-hit Sri Lanka's budget expected to be one of the 'trickiest' in history

In an indication that Sri Lanka’s financial woes are far from over, a senior economist has said the country’s 2022 budget will not be able to provide relief to the public given the shaky nature of the budgetary management and lack of sources to finance it

Saudi Arabia announces USD 4.2 bn bailout for cash-strapped Pakistan

Saudi Arabia has agreed to revive its financial support to Pakistan, including about USD 3 billion in safe deposits and USD 1.2bn to USD 1.5bn worth of oil supplies on deferred payments, officials said

Maldives calls on international experts to promote its blue economy

The Maldives has a great scope for collaborating with international experts to promote its blue economy, President Ibrahim Mohammed Solih said on Tuesday as the country looks to promote other sectors to reduce its dependence on tourism

India’s Adani group considering investment in Sri Lanka’s renewable energy sector

India's Adani Group, which has recently been awarded the contract to develop and run Sri Lanka’s strategic Western Container Terminal of Colombo Port, is also exploring the possibility of investing in the country’s renewable energy and wind sector

Pakistan’s economic recovery to be hit by continued FATF grey listing

The Financial Action Task Force, a Paris-based global anti-terror watchdog, has retained Pakistan on its Grey List, also known as the Enhanced Monitoring List, and asked the country to do more "to investigate and prosecute" senior leaders and commanders from the UN-designated terror groups

Dubai to develop infrastructure in Jammu and Kashmir

In a powerful signal, Dubai has signed an agreement to build infrastructure in Jammu and Kashmir even as the Kashmir valley sees a resurgence in violence and targeted attacks against religious minorities and security forces

Sri Lanka to seek $500 million credit line from India amid deepening forex crisis

Sri Lanka is expected to sign for a $500 million credit line facility with India as it suffers a severe forex crisis and is unable to pay for energy imports beyond January next year. Energy secretaries of both countries are expected to sign a deal soon, said Sri Lankan Finance Secretary S R Attygalle

'Biden admin, US companies welcomed India's economic reforms'

India’s Finance Minister Nirmala Sitharaman has said the Biden Administration and leaders from the corporate sector in the US have welcomed recent economic reforms introduced by the government of Prime Minister Narendra Modi

Satya Nadella and Microsoft's leadership team gets 2021 C.K. Prahalad Award for Global Business Sustainability Leadership

Microsoft's leadership team, including its Indian American CEO Satya Nadella, were given the 2021 C.K. Prahalad Award for Global Business Sustainability Leadership at an event in Austin, Texas

Army veteran entrepreneur produces much-needed arms and equipment for Indian armed forces

Alpha Design Technologies has already indigenously manufactured and supplied equipment for a wide range of tanks, missiles, helicopters and various weapons and is indigenously developing Software Defined Radios (SDRs)

India's Adani Ports says no to cargo from Iran, Pak, Afghanistan

Adani Ports, India's largest private multi-port operator, has said that the terminals it runs will not handle cargo from Iran, Afghanistan and Pakistan starting November 15

Air India goes back to the Tatas as a private airline

After years of speculation, Tata Sons have finally won the bid to re-acquire national carrier Air India

World Bank South Asia report: Region to grow by 7.1 percent; India by 8.3 percent, Bangladesh 6.4 in 20-21; Maldives by 22.3 percent

The South Asia region is estimated to grow by 7.1 percent in the year 2021-22 amid the global surge in demand and targeted measures to contain the pandemic, the World Bank said in its latest report, adding the recovery, however, remains “fragile” and “uneven” across the countries in the region

'Public-private partnerships critical to pandemic response, big challenges': US CEOs recall coming together to help India during its Covid crisis

Top American CEOs, who were at the forefront of galvanising the business community to help India during its COVID-19 crisis early this year, on Wednesday reflected upon the outpouring of support for their efforts to save lives

UAE investors asked to be part of the Indian growth story: Indian economy is open, asserts Modi

The Indian economy is open to innovation and investment, Prime Minister Narendra Modi told UAE investors, and promised to keep up the reforms momentum in the economy