Why is US probing Gautam Adani over allegations of bribery in India?
Mumbai: Adani Group chairman Gautam Adani, along with seven others, has been indicted by U.S. prosecutors for allegedly paying bribes amounting to Rs 2,029 crore ($265 million) to officials in India to secure solar power contracts across four states and one union territory.
'Baseless': Adani Group denies US charges of bribery and fraud against Gautam Adani
New Delhi/IBNS: The Adani Group has denied the charges of bribery and fraud brought against its chairman, billionaire Gautam Adani, by the US Department of Justice and the US Securities and Exchange Commission.
Piyush Goyal discusses investment avenues with existing and potential US investors
New York: Commerce and Industry Minister Piyush Goyal chaired a roundtable discussion with young CEOs and entrepreneurs of Indian origin in New York organised by the Consulate General of India to discuss the business landscape of India and provide suggestions for reforms.
US banks may link with India's UPI to enable fast payment network: Fed member Waller
Mumbai: The United States might consider connecting some of its private banks with India's Unified Payments Interface (UPI) to speed up the formation of a fast payments network, said Christopher Waller, a member of the Federal Reserve Board of Governors, media reports said.
U.S. inflation eases in May, consumer spending shows moderate growth
Washington DC: U.S. prices remained steady in May, while consumer spending saw a moderate increase, a trend that might prompt the Federal Reserve to consider cutting interest rates this year, reported Reuters.
US witnesses moderate increase in Feb inflation
Washington: The United States witnessed a moderate increase in prices, while the expenses for services excluding housing slowed notably, indicating the possibility of a Federal Reserve interest rate cut in June.
Amul ties up with 108-yr-old American association to sell fresh milk in US
Anand (Gujarat): Amul, the largest dairy cooperative in the world, has entered into a partnership with a 108-year-old dairy association to introduce its fresh, branded milk in the United States, media reports said.
United States asks India to ensure laptop import policy does not restrict trade
New Delhi: United States Trade Representative Ambassador Katherine Tai has called upon India to ensure that the existing end-to-end online system and associated policies governing the import of laptops do not pose trade restrictions in the future.
US Federal Reserve keeps key rates unchanged in a unanimous decision
Washington DC: The Federal Reserve, which is the Central bank of the United States, on Wednesday, opted to keep interest rates steady at their highest level in 22 years for the second consecutive meeting, Bloomberg reported.
US economy: Consumer spending grows in Aug, underlying inflation eases
Washington: Consumer spending in the U.S. rose in August, although the core inflation rate, excluding food and energy, showed a decrease, falling below 4.0% compared to the previous year, Reuters reported.
Apple stocks fall, drag US bourses down after China widens curb on iPhone use
Apple stocks fell 4%, triggering a rout in the US stock market, after the Chinese government widened curbs on iPhone use by government officials, Reuters reported.
New Delhi: India and the United States held a meeting on Tuesday to launch the new U.S. - India Renewable Energy Technology Action Platform (RETAP) under the Strategic Clean Energy Partnership, the Ministry of New and Renewable Energy (MNREP) said.
The Federal Trade Commission (FTC) has slapped legal charges on Amazon.com Inc, alleging that the company enrolled millions of consumers into its paid subscription service, Amazon Prime, without their consent and made it difficult for them to cancel, Reuters reported.
FM Sitharaman holds roundtable with investors, biz leaders during US visit
Washington: Finance Minister Nirmala Sitharaman on Monday attended a roundtable meeting with business leaders and investors, co-hosted the by Confederation of Indian Industry (CII) and US-India Business Council in the US Chamber, in Washington, DC.
Employment slows down in US as economy cools
Washington: Job gains in the US decreased for a second consecutive month in March, the latest government data revealed, indicating that the economy is slowing down as policymakers continue their efforts to curb inflation, AFP reported.