India bans Alibaba apps, JD Logistics readies $5 billion IPO: Retailheads
This week, India added 43 Chinese apps to its lengthy blacklist including Alibaba platforms. Chinese online retailer JD.com’s quest to publicly list its affiliate companies came a step closer to reality with both logistics and healthcare subsidiaries preparing their stock market debuts. China’s media regulator tightened its grip over the livestream industry. A Tencent-backed online recruiting platform was again under fire for failing to screen job postings.RetailheadlinesChina’s e-commerce and retail market offers a fire hose of products, choices, business models, rapidly changing content, and...
India blocks 43 mobile apps, mainly Chinese, citing security concerns
The Indian government on Tuesday blocked access to 43 smartphone applications mainly from China, including the popular shopping app AliExpress, citing security concerns."This action was taken based on the inputs regarding these apps for engaging in activities which are prejudicial to sovereignty and integrity of India, defense of India, security of state and public order," a statement released by the Ministry of Electronics and Information Technology said.Also included in the latest ban were a number of apps for e-commerce, dating and entertainment.The Indian government previously blocked the ...
DBS India eyeing retail banking boost after merger with Lakshmi Vilas Bank
By Atul RanjanNEW DELHI, NNA- The imminent takeover of India's troubled Lakshmi Vilas Bank Ltd. by DBS Bank India Ltd. (DBIL) will help the latter grow its consumer banking arm in India, to serve individuals and businesses especially in the south, according to industry analysts.Many experts believe that the planned merger will be a win-win for both the sides. Embattled Lakshmi Vilas Bank (LVB) will receive a lifeline, while DBIL will get access to its more than 200 billion rupees of funds in the form of deposits, a wide loyal customer base and established network of over 560 branches.Observers...
NNA Business News
BSE Sensex closes above 44,000
November 23, 2020 Update: The BSE Sensex closed above 44,000 on Monday, driven by stock purchases in Reliance Industries and information technology counters like Tata Consultancy Services and Infosys. The index was up 195 points as the broader market outperformed it. The BSE MidCap index was up 1.25%, while the BSE SmallCap index climbed 1.37%.The BSE Sensex was impacted by the possibility of an early rollout of coronavirus vaccines, although fears about the impact of additional lockdowns weighed. In particular, Monday saw strong buying in IT, pharmaceutical and energy stocks, although banking...
Uzbekistan and India hold political consultations
By TrendOn 20 November 2020, the 14th round of Uzbek-Indian political consultations in the format of a video conference was held. This was reported by the press service of the Ministry of Foreign Affairs of Uzbekistan, Trend reports citing Uzdaily.The delegation of the Republic of Uzbekistan was headed by First Deputy Minister of Foreign Affairs Farkhod Arziev, the delegation of the Republic of India – Deputy Minister of Foreign Affairs Vikas Svarup.During the negotiations, the state and prospects for the development of Uzbek-Indian multifaceted relations were discussed, the schedule, agenda a...
India-Sri Lanka commercial diplomacy
India’s rising leadership role in the region, growing engagement with Asean and within forums such as the South Asian Association for Regional Cooperation (SAARC) is helping to protect the common interests of India and its southern island neighbour Sri Lanka.The increasing interdependence of India and Sri Lanka across many fronts reflects common strategic interests. For its part, Sri Lanka is pursuing a new foreign policy direction in light of the increasing importance of collaboration between South and East Asia, mainly focusing on commercial diplomacy with India.As the largest nation in Sout...
The Bangkok Post
US soars past 12 million coronavirus cases
More than 12 million people in the U.S. have now been infected with coronavirus.The virus has spread rapidly in recent weeks, as the country hit 10 million cases Nov. 9 and the 11 million mark Nov. 15.More than 255,000 people in the U.S. have died from COVID-19, according to data from Johns Hopkins University.The U.S. has recorded more cases and deaths than any other country. India, home to an estimated 1.3 billion people, has tallied 9 million cases and 130,000 deaths. Brazil has reported 6 million cases and 168,000 deaths.A record 665,000 new cases were reported worldwide Friday. The U.S. wa...
New York Daily News
India’s coronavirus cases pass the 9-million mark
The number of coronavirus cases in India crossed the 9-million mark on Friday, with the capital New Delhi reporting a growing caseload despite a nationwide downward trend of daily infections.The South Asian country has the world’s second-highest number of Covid-19 infections after the United States, but the spread of the virus has showed signs of slowing down.The last one million infections have come in 22 days compared to the previous million increments in 18 and 13 days, respectively.India reported 45,882 new cases since Thursday, taking its total to 9,004,365, according to the morning updat...
India’s coronavirus cases pass the 9-million mark
The number of coronavirus cases in India crossed the 9-million mark on Friday, with the capital New Delhi continuing to report rising cases despite a nationwide downward trend of daily infections.The South Asian country has the world’s second-highest number of Covid-19 infections, after the United States, but the number of new cases daily have been declining after hitting a peak in September.The country recorded 45,882 new cases since Thursday, taking its total to 9,004,365, according to the morning update on the federal Health Ministry website.There were 584 fatalities connected with the viru...
Modi project that would define his legacy and India’s future
Sheela Bhatt, Special to Gulf News“If all goes as planned, the people of India will have their own modern temple of democracy ready before Diwali of 2022,” Bimal Patel, Ahmedabad-based architect who has designed the new Indian Parliament complex in New Delhi, told Gulf News.Prime Minister Narendra Modi has put his weight behind the grand project which is being expedited as a top priority. Since Independence a very few public projects have enraged the intellectuals as much as the project of redevelopment of the four sq km area of “Central vista” spread out between the Rashtrapati Bhavan and the...