Business & Partnership

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US ends waivers for India to buy Iranian oil

In a blow to India’s energy security and efforts to diversify its oil imports, the United States announced on Monday it is ending the waiver given to India to buy Iranian oil and has threatened sanctions if it did not comply with the embargo.

More on Economy and Business

Indian business delegation to Meet Nepal President, PM

A high-level CII delegation led by Mr B Muthuraman, President, CII, and Vice Chairman, Tata Steel Ltd. is slated to call on H E Dr Ram Baran Yadav, President of Nepal, and H E Dr Baburam Bhattarai, Prime Minister of Nepal, in Kathmandu on 6th April. The CII delegation will also interact with Hon'ble Mr. Anil Kumar Jha, Industry Minister of Nepal during the 3-day visit.

A time for India to stand up and be counted

The World Bank is at a turning point, and India has a major voice in deciding its future. The serious candidates (Finance Minister Dr. Ngozi Okonjo-Iweala of Nigeria and Dr. Jim Yong Kim of the United States) present the 180 countries who sit on the Board of the World Bank with a clear choice between visions of the World Bank.

India Inc in Nepal: Has the political will to woo Indian investment come back?

Last month, Hindustan Lever subsidiary Unilever Nepal remained shut for two weeks after its workers put up demands related to pay hikes and more perks. The trade union, affiliated to the Maoists, had locked the factory gates to press for their demands. The management could reopen the factory only after an assurance from Nepal's prime minister Baburam Bhattarai to a delegation of Unilever representatives and other business leaders of the Federation of Nepalese Chamber of Commerce and Industries (FNCCI).

Amid slowdown, India ramps up aid for neighbours

A difficult economic situation notwithstanding, India will be stepping up its assistance programme to its neighbouring countries in the coming fiscal.

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