GMR Group on Friday said it will divest its entire 40 per cent stake in Cebu international airport in Philippines for an upfront payment of Rs 1,330 crore as well as earnouts to be received over a period of more than four years. The airport is being operated by GMR-Megawide Cebu Airport Corporation (GMCAC) and GMR Airports International BV (GAIBV) holds a 40 per cent stake in the venture. A definitive agreement has been signed between GMR Airports International BV (GAIBV) and Aboitiz InfraCapital Inc (AIC) for the divestment of stake in Cebu airport.
Google on Friday announced that third-party 'in app' billing system pilot will be extended to India and some other markets, allowing non-gaming developers to offer users the choice of an alternative billing mechanism alongside that of Google Play. A reasonable service fees will continue to apply in order to support investments in Android and Play, according to Google. However, specifics of what the reasonable service fees will be, have not been disclosed.
India's two-time Olympic medallist P V Sindhu romped into the women's singles semi-finals of the Indonesia Masters Super 750 badminton tournament with an easy victory over Turkey's Neslihan Yigit, in Bali, on Friday.
HS Prannoy becomes the first player to beat Tokyo Olympics gold medallist Victor Axelsen in full a match since March.
However, it was curtains for former Commonwealth Games champion Parupalli Kashyap after he went down 10-21 19-21 to Denmark's Hans-Kristian Solberg Vittinghus.
US President Joe Biden and his Chinese counterpart Xi Jinping on Monday held their first in-person meeting in Bali, with both leaders underscoring the need to manage their differences and prevent a conflict, amid Beijing's coercive military posturing against Taiwan and in the strategic Indo-Pacific region.
P V Sindhu eased into the second round with a straight-game win after fellow Indian Lakshya Sen showed his mettle with a stunning victory over world No. 10 Japanese Kanta Tsuneyama on the opening day of Indonesia Masters Super 750 in Bali on Tuesday.
'Unless India ups the ante, Beijing will continue to believe its transgressions are cost free and will feel encouraged to do more of the same.'
Four Indian Air Force Sukhoi-30 MKI fighter jets and two C-17 heavy-lift aircraft have joined the 17-nation air combat exercise in Australia.
The Chinese military on Friday confirmed that the troops of China and India have begun the process of disengagement from the Patrolling Point 15 in the Gogra-Hotsprings area of eastern Ladakh in a 'coordinated and planned way'.
Apple's newest phone iPhone 14 will be made in India as the global tech titan bets big on the manufacturing prowess of the world's second-biggest smartphone market after China.
India has so many relationships, such an ability to communicate and find touch points with different countries and regions.
PV Sindhu outclassed Germany's Yvonne Li to cruise into the women's singles quarter-finals of the Indonesia Open Super 1000 event in Bali on Thursday.
How did Bollywood spend the long weekend? By travelling, of course!
Heading G20 will give India a foreign affairs year like it has never had in history. You can trust Narendra Modi to exploit this to India's benefit. And, of course, to his own in his election year, explains Shekhar Gupta.
In August, domestic equity markets garnered one of the highest foreign portfolio investor (FPI) flows since the outbreak of the pandemic in 2020, despite the US Federal Reserve standing firm on unwinding its stimulus measures to control inflation. FPIs pumped in over Rs 51,000 crore ($6.4 billion) in August, the most since December 2020 and the third-highest tally since March 2020-the month the Covid-19 pandemic roiled global markets. This was the second consecutive month of positive foreign flows. In the preceding nine months, FPIs had yanked out over $32 billion or Rs 2.2 trillion.
After turning net buyers last month, foreign investors have become aggressive shoppers of Indian equities and have invested Rs 22,452 crore in the first two weeks of August amid softening inflation concerns. This was way higher than a net investment of nearly Rs 5,000 crore by Foreign Portfolio Investors (FPIs) in the entire month of July, data with depositories showed. FPIs had turned net buyers for the first time in July, after nine straight months of massive net outflows, which started in October last year.
Bollywood is making beautiful pictures in different parts of the world.
External Affairs Minister S Jaishankar will arrive in New York on Sunday to participate in the high-level 77th session of the UN General Assembly, which kicks off on September 20 with the opening of the general debate.
The French Air and Space Force is carrying out a major long-range mission in the Indo-Pacific, code-named Pegase 22, from August 10 to September 18.
For the first time, a home-grown howitzer gun will be used for the ceremonial 21-gun salute during the Independence Day ceremony at Red Fort, Defence Secretary Ajay Kumar said on Wednesday.
Bollywood is making beautiful pictures in different parts of the world.
Every patriot should learn from our history and recognise that celebrating size will neither negate nor obscure the huge economic challenges that India faces, asserts Rathin Roy.
Bollywood is making beautiful pictures in different parts of the world and we bring them to you.
Even as the bilateral relationship between the two neighbouring countries remains hostile, there is growing coordination between India and Pakistan on one multilateral forum - the World Trade Organization (WTO). Both countries have made two joint submissions at the WTO as co-sponsors in the past two months. In June, Pakistan joined India, Cuba, and 44 African countries, seeking sufficient flexibility in intellectual property rights for developing countries to fight the Covid-19 pandemic.
"Perhaps you missed our briefings in the past few days. We have repeatedly made clear our firm opposition to speaker Pelosi's potential visit to Taiwan," Chinese foreign ministry spokesperson Zhao Lijian said in a press conference on Wednesday.
Speaking at the Rashtriya Swayamsevak Sangh's Dussehra rally in Nagpur, Bhagwat said community-based population imbalance is an important subject and should not be ignored.
'When we are playing at our best, it's very difficult to beat us.'
The stars love to regale their social media followers with fabulous pictures of their travels!
In the Open section, the India 'B' team, which has been in sparkling form, had to settle for a 2-2 draw against Uzbekistan as the in-form D Gukesh lost to Nodirbek Abdusattorov, the reigning world rapid chess champion.
'They want us to win in every match, like in cricket.' 'It's so tough to play every tournament and win.'
India and China are likely to hold the 16th round of high-level military talks on July 17 to resolve the issues in remaining friction points along the Line of Actual Control (LAC) in eastern Ladakh, people familiar with the development said on Wednesday.
Newly-elected Conservative Party leader and prime minister in waiting Liz Truss is among the senior British politicians known for championing deeper India-UK strategic and economic ties, describing them as a "sweet spot" of global trade dynamics.
Retail inflation dropped marginally to 7.01 per cent in June mainly due to slight easing in prices of vegetables and pulses, though it still remained above the Reserve Bank's comfort level for the sixth month in a row. The consumer price index (CPI) based inflation stood at 7.04 per cent in the preceding month of May and 6.26 per cent in June 2021. Inflation in the food basket in June 2022 was 7.75 per cent, compared to 7.97 per cent in the previous month, as per the National Statistical Office (NSO) data released on Tuesday.
Technology giant Apple, which recorded $83 billion in revenue for the quarter ended June 2022, has reported a "near doubling" of revenue in India. Announcing financial results for its fiscal 2022 quarter ended June 25, Apple on Thursday said it has achieved a revenue record of $83 billion, up 2 per cent year-over-year. Apple CEO Tim Cook, during an earnings call, said the 83 billion dollar revenue was "better than we expected despite supply constraints, strong foreign exchange headwinds and the impact of our business in Russia."
Australia are the defending champions, having beaten New Zealand by 8 wickets in the 2021 T20 World Cup in the UAE.
Sindhu was made to toil hard by China's He Bing Jiao
Sindhu squandered a game lead to lose 13-21, 21-15, 21-13 to the second seed Tai Tzu
India's H S Prannoy faced stiff resistance before prevailing against local hero Daren Liew to advance to the second round of the Malaysia Open, in Kuala Lumpur, on Tuesday.
P V Sindhu hopes to continue her rich vein of form in upcoming events, including the Birmingham Commonwealth Games, after winning the Singapore Open on Sunday.
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