Three Chinese banks are suing Anil Ambani in a London court for failing to pay back $680 million in defaulted loans. The Industrial & Commercial Bank of China Ltd., China Development Bank and the Export-Import Bank of China agreed to loan $925.2 million to Anil Ambani’s firm Reliance Communications Ltd.
India has lost a $7 billion WTO case against US. Meanwhile China has won its case with the WTO now allowing the Chinese to impose a $3.6 billion sanction on American goods. The verdict comes days after India and US officially suspended defense cooperation in what is now giving rise
In a major development brewing for sometime now, India and US have officially suspended Defense Cooperation after Americans refused to give India high-end jet-engine technology. At the heart of the Indo-US Strategic Partnership is what is known as the Defense Technology and Trade Initiative or DTTI. Under the 2012 DTTI, India
In the 14-year old 92,000 crore telecom dispute, the Supreme Court has in a major blow ruled in favor of the government stating that India’s telecom operators will have to include non-core revenue to calculate dues it owes to the government, setting their share prices tumbling. This outcome in favour
Chinese are dominating industries like mobile phones and are about to grab the lion’s share of the television and home appliances industries. China is now emerging as one of the biggest investors in Indian start-ups taking over Indian markets with a storm. How China tookover Indian markets China is increasingly
An anonymous group calling itself “ethical employees” has complained to the board of Infosys and the US Securities and Exchange Commission (SEC) alleging that the company is taking ‘unethical’ steps to boost short-term revenue and profits. The Whistleblowers exposing large Infosys deals stated that they have emails and voice recordings
In 2014, the American Department of Justice charged six individuals with links to the Russian Mafia including an Indian government official for plotting to sell Indian titanium to Boeing. How Russian Mafia plotted to sell Indian Titanium to Boeing Six foreign nationals, including a Ukrainian businessman and a government official
According to leaked information of a high-level meeting, the United States and India’s failure to reach a long-expected trade deal on Sept. 24 has sparked fears of a full-fledged India US trade war.[toc] Failed Negotiations On Sept. 24, U.S. Trade Representative Robert Lighthizer and Indian Commerce Minister Piyush Goyal met
Motech Software – how Reliance stashed Black Money in Swiss Banks and later snapped all ties with the shell firm after money laundering probe was initiated. The biggest Indian account holder with nearly USD 500 million in Geneva branch, its website now hosts porn. Coincidentally the same Income Tax Commissioner’s
