Adani Port To Stop Handling Containerised Cargo From Iran, Pakistan, and Afghanistan
Adani Ports and Special Economic Zone (APSEZ) issued new guidelines on October 11. The statement said that the Mundra Port will bar containerised cargo from three nations namely Iran, Pakistan and Afghanistan, from November 15. Adani Ports, part of the Adani Group conglomerate, said in a statement, “This trade advisory will apply to all terminals […]
Zostel Requests SEBI To Suspend OYO’s IPO
Zostel, an Indian hospitality-based startup has written to the Securities and Exchange Board of India (SEBI), requesting the market regulator to reject OYO’s draft prospectus for an initial public offering (IPO). In the midst of the failure of the hospitality sector during the pandemic, SoftBank-backed OYO Hotels managed to file the draft red herring prospectus (DRHP) for […]
Pandora Papers: Indian Government Orders Probe Into Those Implicated
The recent revelations from the International Consortium of Investigative Journalists (ICIJ) report – the “Pandora Papers” – have once again highlighted the use of tax havens by the rich and powerful to hide their money from global tax rules. The report leak consists of over 12 million documents, with over 600 journalists worldwide working to […]
Tax Havens: How The Powerful Hide Their Money
The recent “Pandora Papers” consist of 12 million documents and files that expose the hidden wealth, tax avoidance and, in some cases, the money laundering done by world leaders, politicians and billionaires. The leaks reveal the secret deals and hidden assets of more than 330 politicians and high-level public officials in more than 90 countries […]
Ford’s India Exit: How Will It Impact Stakeholders?
Ford India is currently chalking up the announcement of its settlement package that is to be offered to its employees. This comes in the wake of the US-based auto major’s decision to shut down its manufacturing facilities in India under its restructuring exercise. Earlier this month, the company announced that it will sell only imported […]
India-UAE Trade Pact To Reach $100 Billion Under The CEPA
India and the United Arab Emirates (UAE), in an effort to deepen trade ties have formally launched negotiations for a mutually beneficial Comprehensive Economic Partnership Agreement (CEPA). The plan aims to lift trade between the two countries by 70 percent in five years. According to the trade ministers of both countries, the talks will end […]
The World Bank’s ‘Doing Business’ Scandal And Its Impact on India
The World Bank, on September 16, announced its plans to discontinue the issuing of the “Doing Business” report. An internal audit found the exertion of “undue pressure” by top bank officials to influence the country ranking data in favour of China. The investigation was prompted after internal reports of “data irregularities” were reported in its […]
Zomato Co-founder Gaurav Gupta Quits Two Months After Successful IPO Listing
Zomato’s senior executive, Gaurav Gupta, known to have spearheaded the recent initial public offering (IPO) and led discussions with investors and the media, resigned on September 14. “I am taking a new turn in my life and will be starting a new chapter, taking a lot from this defining chapter of my life – the […]
How Can Indian FemTechs Tackle The Taboo Around Women’s Health?
Indians have grown up in an atmosphere where women’s health issues are often considered taboo, and public debates surrounding such practices have often been shunned. For example, with over 355 million menstruating females, only 36 percent use sanitary napkins, while the rest have to resort to old rags, husk, ash, leaves, mud and soil and […]
Centre Considers Letting Foreign Investors Buy Up To 20 Percent In LIC IPO: Government Source
According to a government source, the Indian government plans to allow foreign institutional investors to buy up to a 20 percent stake in state-owned Life Insurance Corporation (LIC). LIC is currently preparing itself for its initial public offering (IPO), considered to be India’s biggest-ever IPO, with the government aiming to raise up to ₹900 billion […]
