Around the Globe

Around the Globe

Urjit finds unlikely saviour in Manmohan at grilling

RBI governor Urjit Patel, caught in a maelstrom since demonetisation was rolled out, found an unlikely saviour in ex-RBI governor Manmohan Singh on Wednesday.
It took place while the parliamentary standing committee on finance was subjecting Urjit to a Spanish inquisition.

Respect India's territorial sovereignty: India to China

In the midst of growing unease in their ties, India today asked China to respect its territorial sovereignty and said its ascent should not be seen as a threat to China's rise.

Foreign Secretary S Jaishankar also criticised Pakistan for "blocking" SAARC, saying the regional grouping has become "ineffective" due to insecurity of one member nation.

BSNL to launch 1000 wifi hotspots to address 4G challenges

Public-sector BSNL is all set to set launch 1000 high-speed wifi hotspots across the state to address the challenges posed by its absence in the 4G data services.

Kerala Circle CGM of BSNL, R Mani told reporters here that the proposed hotspots would provide 4.5G speed and it would be commissioned within a months' time.

Huge cost to buy the 4G spectrum was the hindrance for the state-run service provider to plunge into 4G service but it is expected to happen by this March, he noted.

Tata firm to invest in Rs 5,900-cr Swan LNG project

In the first investment decision since N Chandrasekaran named as the Tata Group chief, Tata Realty and Infrastructure Ltd is taking 10 per cent stake in a Rs 5,900-crore floating LNG import terminal being set up by Nikhil Merchant-led Swan Energy in Gujarat.

This will be the first investment by Tata Group in gas business. Tata Realty and Infrastructure (TRIL), which was set up in 2007 to pursue opportunities in the real estate and infrastructure sectors, is a wholly-owned subsidiary of Tata Sons, the holding company of the Tata Group.

Trying to convince China that India's rise not harmful to its ascent: Jaishankar

In the backdrop of growing unease in Sino-India ties, India today said it has been trying to convince the Chinese government that its ascent is not harmful to the rise of China and that both countries should be sensitive on matters relating to sovereignty.

In an address at the Raisina Dialogue, Foreign Secretary S Jaishankar took strong objection to the China-Pakistan Economic Corridor (CPEC) which passes through Pakistan-occupied-Kashmir, saying there should have been some reflection on India's unhappiness over it.

Trai seeks AG's opinion on Jio's tariff plans

Telecom regulator Trai has asked for attorney general's views on billionaire Mukesh Ambani-led Reliance Jio's free voice and data offering till March that rivals have called "predatory".

The Telecom Regulatory Authority of India (Trai) sought the top government legal advisor's opinion on the tariff plans submitted by Jio, a top source said.

Britain will leave EU single market

Britain will leave the EU’s single market when it exits the European Union, prime minister Theresa May (in pic) said on Tuesday, putting an end to speculation that London might try to seek a “soft Brexit.”
In a long-awaited speech, in which she sought to define the country’s future as a global player that aims to trade freely far beyond Europe, May said the final exit deal would be put to the Parliament for a vote.

Xi red flags protectionism, pushes back against Trumpism

Chinese President Xi Jinping cautioned against protectionism as he pushed back against criticism of globalisation by Donald Trump and other Western populists. “Protectionism is like locking yourself in a dark room, which would seem to escape wind and rain, but also block out the sunshine,” Xi told the World Economic Forum on Tuesday, the first Chinese head of state to address the annual gathering in the Alpine resort town of Davos. “No one is a winner in a trade war.”

Akhilesh to lead SP, Cong tie-up in state

After clinching the election symbol “cycle” from his father, new Samajwadi Party chief Akhilesh Yadav has stitched together an alliance with the Congress to take on a resurgent Bharatiya Janata Party (BJP) and comeback hopeful Bahujan Samaj Party (BSP).
Senior Congress leader Ghulam Nabi Azad formally made public the alliance with the Samajwadi Party confirming what had been a foregone conclusion.

NBCC bags Rs 4,441 cr contract to re-develop AIIMS colonies

State-owned real estate major NBCC has bagged a Rs 4,441 crore-contract to redevelop AIIMS residential colonies in West Ansari Nagar and Ayur Vigyan Nagar here. Under the contract, NBCC will build 3,928 new houses comprising type II to type VI category flats in place of the existing 1,444 houses. Smart city features like solar lighting, heating and wastewater recycling will also be included in the redevelopment plan.

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