Canindia

Jack Ma – Canindia News

Hangzhou, Sep 20 (IANS) Alibaba chairman Jack Ma said efforts should be made to promote the healthy development of China-US trade even though it is hard to fulfill his previous promise of creating 1 million jobs for the United States under current circumstances. In an exclusive interview with Xinhua on Tuesday, Ma said his promise was based on friendly cooperation between China and the United States and a rational growth of China-US trade. “However, the previous basis for trade has…

0
Read More

Prabhu to G-20 nations – Canindia News

New Delhi, Sep 18 (IANS) Commerce and Industry Minister Suresh Prabhu, who led the Indian delegation to Argentina last week for G-20 Trade Ministers Meeting (TMM), urged G-20 members to focus on services to enhance global trade, the government said on Tuesday. The Ministers held a shared view that the global trade and economic situation was at a critical stage due to ongoing trade tensions, driven largely by protectionist measures by some countries. They resolved to enhance confidence in international…

0
Read More

G-20 agree on need to reform World Trade Organization – Canindia News

Mar del Plata, Sep 15 (IANS) Senior officials of the G-20 nations reached a consensus here on Friday on an initiative to reform the World Trade Organization (WTO). “It is clear that we all share the idea that it is extremely important to draft proposals so the WTO can be more responsive to the current challenges in trade,” Argentine Foreign Minister Jorge Faurie told a press conference in Mar del Plata. Detailed discussions on overhauling the WTO are set to…

0
Read More

NCLT/NCLAT shouldn’t interfere in insolvency resolution proceedings: SC – Canindia News

New Delhi, Sep 13 (IANS) The Supreme Court on Thursday said the National Company Law Tribunal (NCLT) and the Appellate Authority (NCLAT) should refrain from interfering in insolvency resolution proceedings by the Interim Resolution Professional and the Committee of Creditors of the lender banks of a sick enterprise under the Insolvency and Bankruptcy Code. Making it clear that the role of adjudicating bodies — NCLT and NCLAT — come only after resolution plan is finalised, a bench of Justice Rohinton…

0
Read More

Poonam Khetrapal re-elected in WHO – Canindia News

New Delhi, Sep 5 (IANS) Poonam Khetrapal Singh on Wednesday was elected as Regional Director of WHO South-East Asia for a second five-year term, World Health Organisation said. Singh’s candidature was unopposed, as the 11 member countries of WHO South-East Asia Region met at the ongoing Regional Committee session held here to elect the next Regional Director, the global health body said in a statement. Union Health Minister J.P. Nadda who chaired the Regional Committee meeting said: “She will surely…

0
Read More

Trump praises Macri’s handling of Argentine economic crisis – Canindia News

Washington, Sep 5 (IANS) US President Donald Trump on Tuesday praised the work of Argentine counterpart Mauricio Macri in the face of an economic crisis, and expressed his support for Buenos Aires’s request to accelerate the disbursement of an approved IMF credit. “President Macri is doing an excellent job with this very difficult economic and financial situation,” Trump said in a press release, adding that he had spoken by telephone with the Argentine head of state, Efe reported. Argentina’s central…

0
Read More

India Post bank to push financial inclusion, boost rural economy: Prasad – Canindia News

Kolkata, Sep 1 (IANS) Union Minister Ravi Shankar Prasad on Saturday said the operations of the India Post Payments Bank (IPPB) will strengthen the financial inclusion programme in India and make country’s “village systems” stronger. The Department of Posts is rolling out 650 branches and 3,250 access points of IPPB across India from Saturday and it aims to provide banking services to every citizen of India by leveraging the network of 1.55 lakh post offices of the department. Of this,…

0
Read More

‘Interesting possibilities for new business ventures in China’ – Canindia News

Shanghai, Sep 1 (IANS/AKI) Strong potential exists for Italian companies forging new business partnerships in China, Italy’s Economy Minister Giovanni Tria has said during a six-day visit to boost bilateral financial and trade ties here. “There are interesting possibilities for developing partnerships and a willingness to cooperate with Italy and with Italian firms,” Tria tweeted on Friday. Italy sets great store on collaborating with Chinese towns and cities, Tria underlined in the tweet, which he published after meetings on Friday…

0
Read More

White House – Canindia News

Washington, Sep 1 (IANS) The White House said on Friday that US President Donald Trump will travel to France, Ireland, Argentina and Columbia in November for bilateral and multilateral issues. According to a statement issued by the White House press secretary, Trump will travel to Paris, France, to participate in a November 11 commemoration of the 100th anniversary of the armistice that ended the fighting in World War I, Xinhua reported. Trump’s “participation in this event will highlight the sacrifices…

0
Read More

Pradhan urges Odisha govt to set aside politics on job creation – Canindia News

Bhubaneswar, Aug 30 (IANS) Union Petroleum Minister Dharmendra Pradhan on Thursday said Odisha’s development and creation of job opportunities for youth is not a political issue, but a collective responsibility. “I appeal to the state government to set politics aside and augment efforts being taken by the Central government in creating employment opportunities for the youth in Odisha,” said Pradhan at the National Scheduled Caste- Scheduled Tribe (SC-ST) Hub Regional Conclave and Exhibition in the state capital. “Odisha has about…

0
Read More

Modi government protecting GSPC from being declared bankrupt: Jairam – Canindia News

New Delhi, Aug 27 (IANS) Citing an RBI notification, Congress leader Jairam Ramesh on Monday demanded that the SBI should declare Gujarat State Petroleum Corp (GSPC) bankrupt and said the company owed Rs 12,000 crore to several banks. He accused the Modi government of trying to protect the company from being declared bankrupt. Ramesh said that on February 12, the Reserve Bank of India issued a circular stating that any company that owed more than Rs 2,000 crore to banks…

0
Read More

Jairam Ramesh – Canindia News

New Delhi, Aug 27 (IANS) Citing a Reserve Bank of India (RBI) notification, senior Congress leader Jairam Ramesh on Monday said that the State Bank of India should declare Gujarat State Petroleum Corporation (GSPC) as bankrupt by 5 p.m. The Congress leader said, On February 12, 2018, RBI issued a circular stating any company that owes more than Rs 20,000 crore to banks, should be declared bankrupt within 180 days. “GSPC’s highest debt is from SBI. According to RBI’s notification,…

0
Read More

Amid trade war concerns equity indices rise for 5th straight week (Market Review) – Canindia News

Mumbai, Aug 25 (IANS) The Indian equity market rose for the fifth consecutive week and scaled new highs during the August 20-24 period amid concerns of global trade war escalation. Healthy buying in pharma and metal stocks, among others, supported the gains on the indices, analysts said. On Thursday, both key indices — S&P BSE Sensex and the NSE Nifty50 — touched their respective intra-day all-time high levels of 38,487.63 points and 11,620.70 points, before settling at their record closing…

0
Read More

Trade talks with US constructive: China – Canindia News

Beijing, Aug 24 (IANS) A new round of meetings between Beijing and Washington to seek a way out of the trade war has been constructive and will continue, Chinese authorities said on Friday. At the invitation of the US, a Chinese delegation led by Vice-Minister of Commerce Wang Shouwen held talks on Wednesday and Thursday with the US delegation in Washington headed by Treasury Under Secretary David Malpass, China’s Commerce Ministry said in a statement. The exchange “on trade issues…

0
Read More

Indian economy expected to grow by 7.5% in 2018: Moody’s – Canindia News

Mumbai, Aug 23 (IANS) Global credit ratings, research, and risk analysis firm Moody’s Investors Service expects the Indian economy to grow by around 7.5 per cent in 2018 and 2019. However, the company expects the country’s economy to grow at a higher rate of 7.7 per cent in the first quarter of 2018. “We expect the Indian economy to grow around 7.5 per cent in 2018 and 2019. Economic activity grew by 7.7 per cent in the first quarter of…

0
Read More

Capital Float buys finance management app Walnut for Rs 209 cr – Canindia News

Bengaluru, Aug 21 (IANS) Bengaluru-based lending company Capital Float on Tuesday announced it has acquired Pune-based personal financial management app Walnut for $30 million (nearly Rs 209 crore). Walnut has over seven million downloads on Google Play Store, an average rating of 4.4/5 and is featured in Google Editor’s Choice list of Top 5 Financial applications. The acquisition followed Capital Float’s announcing its foray into the Consumer Finance vertical, emphasising a strong strategic focus on leveraging this lucrative borrower segment,…

0
Read More