Saturday, November 23
Aditya Birla Group Chairman Kumar Mangalam Birla on Sunday said his group is looking to invest further in the US as President-elect Donald Trump has been "positively" inclined towards India in the past. "We are looking forward to investing more in the US. Going by his (Donald Trump's) past record, he is positively inclined towards India and (besides that) he also has a good bond with Narendra Modi," Birla told PTI video services on the sidelines of the silver jubilee celebrations of the Aditya Birla Group's scholarships programme in Mumbai. Aditya Birla Group is a strong player in the metals and chemicals sector in the US through its businesses -- Novelis and Aditya Birla Chemicals. In June this year, the group announced an investment of USD 50 million in a manufacturing and research an
Montreal: A teenager in British Columbia has become the first person in Canada to test positive for bird flu, authorities said Saturday.This person is receiving treatment in a children's hospital for H5 avian flu, the provincial health department said.The source of contagion and any possible contacts are being investigated.Officials said the infection probably came from a bird or animal."This is a rare event," British Columbia Health Officer Bonnie Henry said. "We are conducting a thorough investigation to fully understand the source of exposure here in B.C."Bird flu is most commonly found in wild birds and poultry, but has more recently been detected in mammals, with an outbreak in cattle seen across the United States this year. It can occasionally infect humans through close contact or c
Flender India, part of the century-old Germany-headquartered Flender Group, plans to continue investing in the domestic market to accelerate growth in the coming years, a company official said. Over the past four years, Flender's investments in India have nearly "quadrupled," underscoring the market's significance, according to a release. The company operates three production sites in Kharagpur (Kolkata), Chennai and Walajabad in Kancheepuram district, Tamil Nadu, to meet both local and global demand for wind turbine drive gearboxes. To commemorate the Flender Group's 125th anniversary, CEO Andreas Evertz and Flender India CEO Vinod Shetty, accompanied by senior company officials, visited the Tamil Nadu facilities and engaged with employees, according to a company statement issued on Sunda
Shanghai: China has unveiled an ambitious plan to relieve public debt, aiming to turn local governments away from belt-tightening practices that have exacerbated a domestic downturn.Policymakers gathered in Beijing this past week approved a proposal to swap six trillion yuan ($840 billion) of hidden debt belonging to local governments for official loans with more favourable terms.Hidden debts are defined as borrowing for which a government is liable, but not disclosed to its citizens or to other creditors.Here are some of the key points behind China's massive debt shakeup:Where is the debt hiding?Much of local governments' hidden debt in the past two decades was accumulated through state-owned companies known as local government financing vehicles (LGFVs).While the provincial and regional
