Business & Economics

NJ Governor Phil Murphy begins Economic Mission Trip to India September 13

SOUTH PLAINFIELD, NJ(TIP):  With great expectations, New Jersey Governor Phil Murphy  leads a seven-day, six-city economic mission trip to India  beginning September 13. The delegation will visit six cities, including Delhi, Agra, Hyderabad, Mumbai, Ahmedabad, and […]

United States

Encouraged by Xi’s remarks but want concrete steps to avert new tariff: WH

WASHINGTON(TIP): The Trump Administration on Wednesday, April 11, said it was encouraged by the remarks of Chinese President Xi Jinping but ruled out reversing its recent move to impose 25 per cent tariff on import […]

Business & Economics

India’s Budget focuses on farm sector, gives little to middle class

National Health Protection scheme announced NEW DELHI (TIP): In his last budget before general elections, India’s Finance Minister Arun Jaitley on Feb 1 unveiled a slew of measures for agriculture as well as the rural […]

Business & Economics

What to watch in 2018

As the new year begins, here are the smartest predictions of what’s coming in politics, tech and business in 2018.                                                      By Erica Pandey The Big picture: In many ways 2018 will mirror 2017. The […]

Business & Economics

INDIA NOTIFIES PHASED MANUFACTURING PLAN FOR MOBILE PHONES

NEW DELHI (TIP): The Ministry of Electronics and IT has notified phased manufacturing programme to boost indigenous production of mobile phones by providing tax relief and other incentives on components and accessories used for the […]

Business & Economics

Euro zone economy outperforms US with robust start to year

BRUSSELS (TIP): The euro zone economy started the year with robust growth that outstripped that of the United States and set the stage for a strong 2017, preliminary estimates showed. The improving economy may weaken […]

Americas

Not Terminating NAFTA, for Now: President Trump

WASHINGTON (TIP): In an apparent reversal of his stated position on NAFTA, U.S. President Donald Trump told the leaders of Canada and Mexico on Wednesday, April 26, that he will not terminate the NAFTA treaty […]

India

1% of Indians own 53% of country’s wealth, says UN report

NEW DELHI (TIP): Indicating that inequality in India is increasing, a UN report released on Thursday said that the richest 1% own 53% of the country’s wealth. It also said that unlike other countries, development […]

Business & Economics

Trump signs executive order on H1B visa review

WASHINGTON (TIP): US President Donald Trump on Tuesday, April 18, ordered federal agencies to look at tightening the H1B visa program used to bring high-skilled foreign workers to the US, as he tries to carry […]

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Business & Economics

INDIA’S RETAIL INFLATION INCHES UP TO 3.8% IN MARCH ON FESTIVAL DEMAND

NEW DELHI (TIP): Rise in the prices of sugar, confectionary, snacks and fruits pushed up India’s consumer price inflation (CPI) firmed up to 3.81% in March from 3.65% in February, government data showed on Wednesday. […]

Asia

TRUMP BACKS AWAY FROM LABELING CHINA A CURRENCY MANIPULATOR

WASHINGTON (TIP): President Donald Trump said on Wednesday that his administration will not label China a currency manipulator, backing away from a campaign promise, even as he said the US dollar was “getting too strong” […]

There are high expectations from Justin Trudeau, the new Prime Minister of Canada whose Liberal Party handed a big blow to Stephen Harper, the Conservative Prime Minister of Canada. 19 major Indo-Canadian organizations have urged Trudeau to fast-track the long-pending free trade agreement with India.
Americas

Canadian Prime Minister Justin Trudeau To Visit India Soon

New Delhi:  Canadian Prime Minister Justin Trudeau is expected to visit India either late this year or early next year, the country’s High Commissioner to India Nadir Patel said on Friday. “The India-Canada relationship is […]

President Donald Trump and Chinese President Xi Jinping shake hands during a dinner at Mar-a-Lago
Asia

US-China Summit: Chinese President Xi Jinping Arrives in the US

MAR-A-LAGO, FL (TIP): US President Donald Trump and Chinese President Xi Jinping opened their high-stakes summit at Trump’s Florida beach resort on Thursday, April 6 evening, with the volatile situation in Syria where Syrian government […]

Business & Economics

Brexit has already made UK less attractive place to do business, KPMG study says

LONDON (TIP): The UK has already become a less attractive place to do business as a result of the Brexit vote, according to a new survey. Professional services firm KPMG questioned 100 of the largest […]

File photo of a meeting between PM Narendra Modi and Chinese President Xi Jinping at Tashkent
Asia

Why China is pressuring India to join OBOR meeting

BEIJING (TIP): China is putting pressure on India to participate in an international conference on its One Belt, One Road or Silk Road programme next May after realizing that showcasing the China-Pakistan Economic Corridor (CPEC) […]

Business & Economics

SBI RAISES $500 MN IN 3-YEAR DOLLAR DEBT

MUMBAI (TIP): India’s largest lender State Bank of India has raised $500 million in forex debt in three-year dollar money as part of its medium term notes (MTN) programme, making it the second fund raising […]

Business & Economics

SNAPDEAL SEARCHES FOR FUNDS, TAKEOVER SPECULATION GROWS

HONK KONG/MUMBAI (TIP): Indian online retailer Snapdeal is seeking investment to shore up its finances after unsuccessful talks with Chinese funds and Alibaba Group Holding Ltd as it battles to remain competitive, sources with direct […]

Indian Americans

Indian Americans’ income nearly double that of other Americans: US Census Bureau report

WASHINGTON (TIP): In 2015, the household median income in the US was half as compared to that of an Indian American household. According to a report by the US Census Bureau, the median household income […]

Asia

China wants ‘BRICS plus’ to include ‘friendly’ countries, plan might hurt India’s interests

China‘s Foreign Minister Wang Yi has come up with the idea of extending the remit of BRICS by inviting other developing countries under a new banner, BRICS Plus. Addressing his annual press conference on Wednesday […]

Business & Economics

JAPAN SAYS NO BARRIERS TO AUTO IMPORTS AFTER US FIRES TRADE SALVO

TOKYO (TIP): Japan on Friday rejected U.S. demands for more access to Japan’s auto market, saying the government has already taken steps to eliminate tariffs and non-tariff barriers. The rebuff by the government’s top spokesman […]

Business & Economics

Toyota, Suzuki chief meets Modi, discuss ‘Make in India’

NEW DELHI (TIP): Toyota president Akio Toyoda and Suzuki chairman Osamu Suzuki on Thursday called on Prime Minister Narendra Modi to discuss future technological development and plans for Make in India. The Toyota-Suzuki business partnership […]

Business & Economics

LAMBORGHINI AIMS TO SELL 50 SUPERCARS A YEAR IN INDIA BY 2020

GENEVA (TIP): Italian super sports carmaker Lamborghini is betting big on the Indian market and expects its sales in the country to double by 2020. In order to popularise the brand, the company also plans […]

FDI #FIPB
Business & Economics

GOVERNMENT LOOKING AT MORE FDI REFORMS

Relief for investors in defence, telecom and broadcasting NEW DELHI: India is set to make further changes in its overseas investment regime, scrapping the need for approvals in sectors where licences are also required, such […]

Business & Economics

Snapdeal, Truecaller tie up for better shopping experience

NEW DELHI (TIP): Online marketplace Snapdeal, which is also the third largest e-commerce company of India, said on Thursday that it has partnered with Truecaller to enhance consumer experience by integrating Truecaller Priority in the […]

Seen in the picture from L to R: Poet Vaira Muthu, Justice PN Prakash, Justice Dr Lakshmanan, Dr Seetharaman and Lt Gen Ahluwalia.
Business & Economics

‘Indian economy is resilient to global headwinds’: Dr. Raghavan Seetharaman

CHENNAI (TIP); The US ruling on cancellation of H-1B visa rules poses risk towards IT companies immigrants and offshore projects, expectation is that costs may escalate for these companies operating in US. Global growth is […]