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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

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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

India’s Adani Group signs deal for Sri Lanka’s West Container Terminal Port, to have 51 percent stake

India's Adani Group has signed a deal worth $700 million with the Sri Lanka Ports Authority (SLPA), the country’s state-owned port firm, and its local partner John Holdings Kneells PVC to develop and run the West Container Terminal (WCT) Port in Colombo

Indian IT firm HCL Technologies hires 1000 IT professionals in Sri Lanka

HCL Technologies, a multinational Indian IT firm, said it hired 1,000 IT professionals in Sri Lanka since June last year when the company started its operations in the island nation as the Rajapaksa government has been pushing the sector in which it sees great growth potential

India, US to co-host Indo-Pacific Business Forum on October 28-29

The United States and India will co-host the fourth annual Indo-Pacific Business Forum (IPBF) October 28- 29 that will bring together leaders in government, industry, media, and non-profits from across the Indo-Pacific, a White House statement said Friday on the occasion of the Quad Summit

India inks USD 2.7 million deal with Airbus to buy 56 military transport aircraft; big boost for Indian aerospace industry

India's Defence Ministry on Friday inked a nearly Rs 20,000-crore (USD 2.7 mn) deal with Airbus Defence and Space, Spain to procure 56 C-295 medium transport aircraft which will replace the ageing Avro-748 planes of the Indian Air Force

After meeting Modi, hi-tech CEOs see India as big investment destination

India has great potential for attracting investments and manufacturing under the various programmes introduced by Prime Minister Narendra Modi as companies try to diversify their global footprints, according to hi-tech CEOs who met him in Washington Thursday