Business News

Sushma invites Kerry to India for second round of 'Strategic and Commercial Dialogue'

Washington, Sept. 23 - External Affairs Minister Sushma Swaraj on Tuesday said that the discussions in the Indo-U.S. Strategic and Commercial Dialogue had been most 'productive and fruitful' and extended an invitation to U.S. Secretary of State John Kerry and his other cabinet members to visit India next year for the second round of the dialogue.

"In my meeting with Secretary Kerry earlier this morning, we shared our strategic priorities, interests and concerns on issues of mutual interest including security and counter-terrorism, convergences in India's Act East policy and the U.S. rebalance in Asia. Secretary Kerry and I agreed to work towards ensuring India's membership of APEC," Swaraj addressed the press conference here.

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Need to address impediments to increase Indo-US trade five-fold: Pritzker

Washington D.C, Sept 23 - Highlighting the shared vision of President Barack Obama and Prime Minister Narendra Modi to increase the US-India trade five-fold, Secretary of Commerce Penny Pritzker said on Tuesday that it cannot be achieved without input and perspective of the private sector of both the countries.

She said that to achieve the goal, 'laser-like focus' was needed across all levels of the two governments, to address the impediments faced in doing more business together.

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Satisfied with way India, US working on energy side, says Piyush Goyal

Washington D.C., Sept. 22 - Expressing his satisfaction with the way India and United States are working together to expand their bilateral relationship in the energy sector, Union Minister of State (Independent Charge) for Power Piyush Goyal said dialogue on energy cooperation between the two countries has been very engaging.

"The dialogue on the energy side was very engaging. We have been able to talk through a lot of technological and innovative solutions to our challenges to low cost energy access to the people of India. We have been able to look at great integration of grid for renewable energy, clean energy, clean coal technologies, what we need to do for energy efficiencies," Goyal told ANI.

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Sitharaman invites US investment in India

Washington DC, Sept 22 : Minister of State (Independent Charge) for Commerce and Industry and Minister of State for Finance and Corporate Affairs Nirmala Sitharaman has called upon American investors to invest in the development of infrastructure in India.

Speaking at the 40th leadership Summit of US-India Business Council ( USIBC), she said the Indian Government had taken several measures, both executive and legislative, to ease business environment. "Indian states have been ranked and we are emerging as one of the most favoured business destinations for the investors," she added.

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Five-fold increase in Indo-US trade ambitious and apt, says Nisha Desai Biswal

Washington D.C., Sept.22 - United States Assistant Secretary of State for South and Central Asia Nisha Desai Biswal has said that Washington wants to see India rising and become a global economic engine, and that is why the ambitious target of increasing bilateral trade between the two nations five-fold to 500 billion dollars is apt.

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Hillary Clinton rocking fashion with democracy

New York, Sept 2 - Along with being in the race of top Presidential candidate, Hillary Clinton is now taking over the fashion industry as well, as she is the new much talked about diva in the indus

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US extends anti-dumping duty on Indian preserved mushrooms for five years

Washington/New Delhi, Aug. 31 - The United States has extended the anti-dumping duty on Indian preserved mushrooms for another five years.

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Are luxury fashion brands going through their biggest turmoil?

New York, Aug. 28 - Seems like turmoil is heading towards the luxury brands globally as these big players of the fashion industry are getting hit by protests and low stock prices.

Tabloid media revealed that a member of People for the Ethical Treatment of Animals (PETA) recently protested in front a Burberry's boutique by standing on fur and covering herself with artificial blood, the Business Insider reported.

Another problem, which is making its way towards the fashion industry is the steeping stock prices of major brands across the globe.

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Despite skepticism, US confident it can monitor Iran deal

Washington : Iran's intelligence agencies have penetrated CIA front companies, executed Western agents and captured a sophisticated US drone.

So why should anyone believe American intelligence officials when they express confidence that they can monitor Iran's compliance with the just-completed nuclear agreement?

The main reason, according to a classified joint intelligence assessment presented to Congress, is that the deal requires Iran to provide an unprecedented volume of information about nearly every aspect of its existing nuclear program, which Iran insists is peaceful.

That data will make checking on compliance easier, officials say, because it will shrink Iran's capacity to hide a covert weapons program.

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UK committed to supporting India's growth ambitions and invest in 'Make in India'

Washington/Mumbai, Aug.6 - A senior British diplomat posted in Mumbai, India, has said that the David Cameron-led Conservative Party Government is committed to supporting India's growth ambitions, and in helping to bring capital from around the world to invest in the 'Make in India' scheme introduced and promoted by Prime Minister Narendra Modi.

Mr. Kumar Iyer, Britain's Deputy High Commissioner in Mumbai and Director General UK Trade and Investment, praising India for supporting the first international green bond for climate friendly investment to float in the India market, said, "This bond is the latest in a series Rupee denominated issuances pioneered in London and in which London is leading the way."

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US regulators slap record USD 105 million fine on Fiat Chrysler

Washington, July 27 - Regulators in the United States have imposed a record fine of USD 105 million on Fiat Chrysler over recall failures.

Reports quoted the National Highway Traffic Safety Administration, as saying that Fiat Chrysler will also offer to buy back as many as 1.5 million vehicles, and that an independent monitor will audit the US-Italian company's recall performance for three years.

The firm had earlier announced another recall over software faults in one of its models.

The USD 105 million fine overtakes the NHTSA's previous fine record of USD 70 million on Japanese car maker Honda in January this year.

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Amazon shares close 9.8 percent higher on surprise quarterly profit

Washington, July 25 - Online giant Amazon's shares have closed 9.8 percent higher after it posted an unexpected profit on Thursday.

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WTO to cut tariffs on IT products worth over a trillion dollars

Washington, July 25 - The World Trade Organisation (WTO) has agreed to cut tariffs on IT products worth over a trillion dollars.

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Xiaomi launches a 4K smart TV and smart water purifier

Washington, July 17 : Xiaomi has launched a new version of its smart TV and a smart water purifier.

According to the Techcrunch.com, Xiaomi's Mi TV 2S is a 48-inch TV set that is 9.9mm thin. It comes with a Samsung UHD display with support for 4k, a quad-core 1.4GHz processor powering the set and the usual array of HDMI, USB, Bluetooth, etc.

Xiaomi has also added a subwoofer and a Dolby-powered soundbar.

The Mi TV 2S is priced at USD 483 and USD 644 for a 'Theatre Edition' which includes a sound system.

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Xolo launches Black smartphone for Rs 12,999 on Flipkart

Washington, July 10 : Xolo has launched its Black smartphone for the customers on the Flipkart from July 13.

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