ani News

Xiaomi ropes in 2 new smartphone manufacturing partners in India

Xiaomi ropes in 2 new smartphone manufacturing partners in India

New Delhi: Hit by supply chain disruptions during the global pandemic, Chinese smartphone maker Xiaomi on Thursday said it has hired two new smartphone manufacturing partners, BYD and DBG in India to set up factories in the country, thereby pushing its "Make in India" drive to the next level.The DBG...

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Fitch expects gradual recovery for Indian aviation with risk of higher competition

Fitch expects gradual recovery for Indian aviation with risk of higher competition

Chicago, US: Fitch Ratings expects average revenue passenger kilometres for India's airlines to remain 40 per cent below 2019 levels in 2021 despite recovering from being 65 per cent lower in 2020.Domestic passenger traffic remains weak since flights resumed in late May after a two-month restriction...

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ADB ups India's GDP growth forecast to minus 8 pct

ADB ups India's GDP growth forecast to minus 8 pct

Manila, Philippines: The Asian Development Bank (ADB) on Thursday raised growth forecast for India in current fiscal year to minus 8 per cent from minus 9 per cent projection in September while keeping the outlook for next fiscal year at 8 per cent.At the same time, it said economic activity in deve...

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L&T Tech Services wins $100 million plant engineering project from global O&G major

L&T Tech Services wins $100 million plant engineering project from global O&G major

Bengaluru, Karnataka: L&T Technology Services (LTTS) said on Thursday it has been selected by a global oil and gas major to be the primary engineering partner for supporting two integrated refining and chemicals manufacturing facilities in the United States.It did not name the client but said th...

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Data Protection Bill: Joint committee to meet on Oct 28

Data Protection Bill: Joint committee to meet on Oct 28

New Delhi: Two sittings of the Joint Committee on Personal Data Protection Bill, 2019 will be held on October 28 and 29, as per a notice issued to the members.While representatives from Twitter and Amazon Web Services will present their oral evidence before the Joint Committee on September 28, those...

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Brand Rishi: The man in the house who's got what Boris lacks

Brand Rishi: The man in the house who's got what Boris lacks

Washington [US]: As UK Prime Minister Boris Johnson flounders amid the coronavirus pandemic, Rishi Sunak has been a beacon of calm and competence, intervening swiftly to spend billions of pounds supporting jobs as the economy went into lockdown free fall, The New York Times reported.Sunak, the son-i...

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Sensex tumbles: Weak cues, banking stocks suffer

Sensex tumbles: Weak cues, banking stocks suffer

Mumbai: Equity benchmark indices tumbled over half per cent during early hours on Wednesday tracking Asian peers as halted COVID-19 vaccine trials soured investor risk appetite.Besides, the International Monetary Fund (IMF) revised its projection of contraction in India's GDP for current fiscal year...

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Bharat Dynamics writes government a cheque for dividends

Bharat Dynamics writes government a cheque for dividends

Secunderabad (Telangana): Bharat Dynamics Limited (BDL), a Hyderabad based Defence Public Sector Undertaking has paid final dividend of Rs 35.018 crore to the government of India.A press statement from the Defence Wing of the Government of India, read, "Commodore Siddharth Mishra (Retd), Chairman an...

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Bilateral trade opportunity for Indian exporters is $38 billion

Bilateral trade opportunity for Indian exporters is $38 billion

New Delhi: Global businesses can increase exports to India by more than 21 billion dollars annually, according to the latest Standard Chartered Trade Opportunity Report.The study, which included 10 of India's key trading partners, also found that Indian exporters could boost exports to these markets...

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Covid Impact: Recession in India and South Asia but silver lining says World Bank

Covid Impact: Recession in India and South Asia but silver lining says World Bank

Washington (USA): India's economy, the largest in south Asia, is expected to contract by 9.6 per cent in the current fiscal year (2020-21) because of Covid-19 pandemic, the World Bank said on Thursday.At the same time, south Asia is set to plunge into its worst-ever recession as the devastating impa...

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