Reliance Jio Infocomm Ltd. (Jio), India’s leading 4G and mobile broadband digital service provider, is constructing the largest international submarine cable system centered on India
Political stability must for economic recovery, says Pakistan PM; calls for ‘Charter of Economy’
The IMF’s refusal to revive the $6 billion bailout package over the government’s initial refusal to implement austerity measures made things worse for the government. In recent weeks, the Sharif government has reduced fuel subsidies drastically and increased electricity tariffs.
World Bank cuts India’s 2022-23 growth to 7.5%, but will keep top spot; South Asia growth to get affected
In South Asia as a whole, the report said, “The Russian Federation’s invasion of Ukraine has weighed on growth in the South Asia region (SAR) after a solid recovery in the second half of last year and amplified pre-existing vulnerabilities”
Pakistan plans IT park in Karachi to boost exports and create jobs
Significantly, the country’s IT exports are rising and has already crossed over $2 billion in the first eight months of the current financial year. In 2021, the Overseas Investor Chamber of Commerce and Industry (OICCI) said in its report that the country had the potential of $10 billion in annual IT exports.
Power-surplus Nepal hopes to earn $100 million from electricity exports to India
From Thursday this week, Nepal started selling electricity, around 37 MW to Indian buyers, Nepal Electricity Corporation spokesperson Suresh Bhattarai confirmed to The Kathmandu Post. More bids are invited to sell 200 MW in India’s power exchange market on a long-term basis.
More on Economy-Business
Helping transform lives and livelihoods: Tribals supply medicinal plant giloy for ayurveda majors
A group of a few dedicated boys led by an able leader, with enabling support from government organizations, has done wonders in Thane district of Maharashtra
Pune-based startup makes PPE suits with ventilation
Health workers, particularly in tropical countries like India, may soon be relieved of sweating out long hours in heavy suffocating PPE kits in the hot summer months
Google joins 30 tech companies to support work visas for immigrant spouses
Search engine giant Google has joined 30 other tech companies to protect the work visas for spouses of highly skilled tech immigrants, a measure that will help Indian techies in America
Techstars Bangalore selects start-ups for its 3rd Cohort in India
Techstars Bangalore has announced the names of nine Indian startups for its 3rd cohort in India
Dr. Reddy’s Laboratories announce launch of Russia's Sputnik V vaccine in the Indian market
Dr. Reddy’s Laboratories Ltd on Friday announced that the first consignment of imported doses of the Russian Sputnik V vaccine that landed in India on May 1, received regulatory clearance from the Central Drugs Laboratory, Kasauli, on May 13
India's Bharat Biotech invites vaccine makers to manufacture Covaxin to scale up production
Hyderabad-based pharmaceutical company Bharat Biotech is willing to invite other companies which want to produce Covaxin to help meet the shortage in production, a top Indian government advisor said
Dr Reddy Labs enters into voluntary licensing agreement with Eli Lilly for Covid treatment in India
Dr Reddy’s Laboratories on Wednesday announced that it has entered into a royalty-free, non-exclusive voluntary licensing agreement with Eli Lilly and Company (“Lilly”) for the manufacture and commercialization of the drug Baricitinib in India
India-made environment-friendly chocolates find growing market
A few start-ups in southern India are adopting sustainable and conscious practices to develop organic chocolate bars which have a niche but growing market in India
Nokia to make phones in Bangladesh
Finnish telecommunications giant Nokia is set to launch its first production unit in Bangladesh, officials said
Cathay Pacific undertakes delivery of emergency medical supplies to India
With India facing grave medical crisis, Cathay Pacific Cargo is flying vital relief shipments to India. Although passenger flights have been suspended between Hong Kong and India, in the past few weeks Cathay Pacific Cargo has been operating freighters and cargo-only passenger flights
Bangladesh to import rice from India
Bangladesh will import 50,000 tonnes of parboiled rice from India through the railways for the first time. The proposal was okayed by the cabinet committee on purchase at a meeting chaired by Finance Minister AHM Mustafa Kamal, Daily Star said
Landmark Israel, India and UAE trilateral renewable energy deal
The Embassy of Israel in India has announced the first-of-its-kind trilateral cooperation between Israel, India and the UAE
Roche India gets emergency use approval for its antibody cocktail that prevents severe infection
Pharma major Roche India has announced that it has received Emergency Use Approval (EUA) from Central Drugs Standards Control Organisation (CDSCO) for its antibody cocktail for treating COVID-19
India's domestic air traffic goes down by 29 pc in April
As a result of second wave of Covid-19 Indian carriers hit turbulence in April 2021 with a sharp decline in the number of flyers, said ICRA, the investment information and credit rating agency, today
