The commerce ministry has made a renewed push to allow firms in the special economic zones (SEZs) to sell goods in the domestic market at a low duty, as it prepares a raft of proposals to replace the existing law governing these duty-free enclaves with a new piece of legislation, official and industry sources told […]
Anthony Lacavera, the entrepreneur and investor who was shut out of Rogers Communications Inc.’s process to sell Freedom Mobile, has gone directly to Freedom’s current owner — Shaw Communications Inc., the Calgary-based telecommunications company that Rogers is attempting to acquire — with a proposal that would see Shaw collect a break fee from the Rogers […]
By Pralok Gupta The US-led Indo-Pacific Economic Framework for Prosperity (IPEF) is strategically important for India for four reasons. First, it will enhance India’s economic engagement in the region, which was dented after India’s withdrawal from the Regional Comprehensive Economic Partnership (RCEP) agreement. India’s last-minute withdrawal from RCEP was not seen in the right spirit […]
LIMA — Peru’s Cabinet met on Friday to try and find a truce to the ongoing conflict that has paralyzed operations at MMG Ltd’s Las Bambas copper mine, but ministers left in the afternoon without announcing a decision. Read More
Rashtriya Swayamsevak Sangh (RSS) chief Mohan Bhagwat has struck a conciliatory note by saying that the RSS will not participate in any movement to claim disputed religious sites. Against the backdrop of the Gyanvapi mosque case, Bhagwat said the feuding communities must try to arrive at a solution through parleys, and if a case reaches […]
President Joe Biden responds to Tesla CEO Elon Musk saying he’s got a “super bad feeling” about the US economy. Biden said other automakers are investing in the economy and he said about Musk, “so, you know — lots of luck on his trip to the moon.” Biden spoke to reporters in Delaware.
Twitter said a regulatory waiting period has expired, clearing a hurdle for its acquisition by Elon Musk in a proposed $44 billion deal. Liana Baker has more on “Bloomberg Markets: The Close.”
With consumers back in the shops and retailers doing fairly good business, mall owners are now signing leases at higher rentals. In fact, space in malls seems to be in short supply as retailers are looking for bigger showrooms. Occupancy levels are looking up with most malls reporting levels of 96-98%. While footfalls are yet […]
NEW YORK — Frontier Group Holdings Inc has agreed to offer a break-up fee in a bid to secure its $2.9 billion acquisition of Spirit Airlines Inc, people familiar with the matter said on Thursday. Read More