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SAIL, ArcelorMittal JV deal likely in July
NEW DELHI: All hurdles in the formation of a joint venture (JV) between steel giants SAIL and ArcelorMittal have been removed and the final agreement may be signed next month, said Union Steel Minister Chaudhury Birendra Singh. “A feasibility report on the new JV has been prepared and all the pre-requisites formalities have been achieved. The final draft of the agreement is ready and it may be signed as early as next month,”
Jet to expand codesharing with 3 global airlines
NEW DELHI: Jet Airways said that it would expand its codeshare agreements with Air France, KLM Royal Dutch Airlines and Delta Air Lines. “The carriers will expand choice and connectivity options for guests flying between India and Europe. In the first instance, Air France and Delta are codesharing on Jet Airways’ current service between Mumbai and Paris,” it said. Air France, together with KLM Royal Dutch Airlines and Delta Air
Egypt’s GASC buys 175,000t of Romanian, Ukraine wheat
CAIRO: Egypt’s state grain buyer, the General Authority for Supply Commodities (GASC), said it had bought 175,000 tonnes of Romanian and Ukraine wheat in a tender. GASC did not provide price details and traders gave the breakdown of the purchase in dollars per tonne. Meanwhile, Egyptian farmers have produced between 8 and 9 million tonnes of wheat this season and sold 3.6 million tonnes of them to the government.
Infosys board has no rift with founders, says chairman
BENGALURU: Terming media reports on a ‘rift’ between the Infosys board and its founders on governance and compensation to executives inaccurate, software major’s Executive Chairman R. Seshasayee claimed that the relationship between the two was cordial, direct and respectful. “I should note that the Board’s relationship with the Founders is often the subject of certain inaccurate media reports. When the Board communicates with
Punjab allocates $1.37b for farm reforms
LAHORE: Pakistan’s Punjab province government has allocated a hefty amount of Rs140.50 billion ($1.37 billion) for agricultural reforms in the province. This was said by Provincial Agriculture Minister Muhammad Naeem Akhtar Khan on Saturday. He said, “Rs15 billion Kissan package will definitely bring about economic prosperity to farmers.” He added the government was focusing on agriculture sector and taking historic steps to
Pakistan notifies rules for futures exchanges
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has notified the Futures Exchanges (Licensing and Operations) Regulations, 2017, that have been issued under the Futures Market Act, 2016. The salient features of the regulations include application of fit and proper criteria to the majority shareholders, directors and senior management officers, providing a code of conduct for the board of directors and
Delhi to step up exchanges with startups from Germany, Saarc
NEW DELHI: To further develop the ecosystem for startups in India, the government is working on ways to step up the exchanges with startups from countries like Germany and in the South Asian region, Commerce Minister Nirmala Sitharaman said. “We have negotiated with Germany for an exchange of ideas with German startups under an existing arrangement between our countries,” Sitharaman said here at the launch of the Startup India
Myanmar and Thailand torch $1 billion of seized drugs
Yangon: Myanmar and Thailand started torching nearly $1 billion worth ..
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Villagers begin to mourn dead after deadly China landslide
XINMO (China): Villagers in China visited what used to be their relati..
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VP visits refugees fleeing fighting, Duterte unseen in days
BALO-I: The vice president of the Philippines expressed hope on Monday..
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Govt websites in US hacked with pro-Daesh messages
CHICAGO: Several government websites in the US states of Ohio and Mary..
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Seven killed in Indian Himachal Pradesh road accident
SHIMLA (India): Seven pilgrims, including six of a family, were killed..
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Pakistan marks sombre Eid after tanker blaze, terror attacks
ISLAMABAD: Pakistan on Monday began Eid celebrations on a grim note am..
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Abducted priest seen alive as militants hold out in Philippines
MARAWI (Philippines): A Roman Catholic priest abducted by militants wh..
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US-backed Syrian groups take Raqqa district
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5.4-magnitude earthquake hits Afghanistan
KABUL: Afghanistan has been hit by a 5.4-magnitude earthquake, accordi..
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Six police officers injured in London protest
LONDON: Six police officers were injured and four people arrested in a..
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