Indrajit Basu

Indrajit Basu


India signs intel-sharing deal with the US

India signs information-sharing deal with the US

(ATF) The long-awaited Basic Exchange and Cooperation Agreement, that is expected to make Indian missiles deadlier and build closer ties between India and the US amid ongoing conflict with China, was finally signed today by senior officials from both countries.The landmark pact will provide India access to high-end military technology, …

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Amazon-Ambani fight for Future Group is just starting, lawyers say

Amazon-Ambani fight for Future Group just starting, lawyers say

(ATF) Amazon has had an initial win in the battle to acquire Kishore Biyani’s Future Group over Mukesh Ambani’s Reliance Retail Ventures – but some say this is just a temporary setback for Asia's richest man.The US retail giant won a favourable ruling on Sunday in its bid to block …

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Covid caution as festival fervour mounts

Covid caution as festival fervour mounts

(ATF) Every autumn Kolkata braces for its biggest annual jamboree, Durga Puja – a Hindu festival that celebrates the triumph of good over evil. It is often called India’s largest community-driven event as the sprawling eastern city’s streets come alive with boisterous revellers dancing, drumming and thronging the “pandals”– towering …

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An Indian summer for Wall Street banks

An Indian summer for Wall Street banks

(ATF) For some of the Wall Street banks, 2020 is shaping up to be a heyday for fee income.Some of the major lenders' business in India, according to a Reuters report on Thursday, raked in their second-highest fee income since the global financial crisis in the first nine months of …

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India fights dual battle as Covid, hunger stalk millions

India fights a dual battle as Covid and hunger stalk millions

(ATF) On a normal day Nirmala, a 45-year old healthcare worker in the Indian state of Jharkhand, leads a gang of women in the country’s war against malnutrition. These days though, as one of India’s million-plus Anganwadi - a type of rural child care system – she is tackling an …

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Mukesh Ambani cares for bricks as much as he does for clicks

Mukesh Ambani favours bricks as much as he does for clicks

(ATF) After raising more than $20 billion from global investors, including Facebook, for its digital business Jio Platforms, Reliance Industries now thinks India should focus on the brick-and-mortar sector.Chairman Mukesh Ambani said he envisaged transforming the nation to help smaller businesses and startups pull out of the pandemic-led worst recession …

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India wakes up to march of electric vehicles

India wakes up to march of electric vehicles

After more than a decade of sitting on the fringes, electric cars may have finally started gathering speed in India. Over the past year, the country witnessed the release of four EV models taking the tally to six. Last week saw the launch of Mercedes Benz’s $140,000 EQC, India's first …

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