After imposing a ban on 59 Chinese mobile applications, the Indian government is reportedly reviewing around 50 investment proposals involving Chinese companies under a new screening policy. The development was first reported by Reuters citing sources close to the matter. Earlier in April, the New Delhi government had tweaked its Foreign Direct Investment policy, making…
Singapore’s state investor, Temasek, is reportedly looking to invest up to $100mn in food delivery unicorn Zomato. The development was first reported by Economic Times on Tuesday, citing people familiar with the matter. According to the report, the investment comes at a time when Zomato’s largest institutional stakeholder Ant Financial’s promised investment of $150mn has…
The Enforcement Directorate on Thursday summoned the entire top management of AirAsia including its past top executives. AirAsia’s Malaysia based-CEO Tony Fernandes is asked to appear before the official on 20th January. Summons have been issued under the Prevention of Money Laundering Act (PMLA). The case is related to an alleged violation of rules by…
After members of 10 trade unions announced a nation-wide strike against the policies of government on Wednesday businesses across India were affected. About 25 crore people across the country are said to be taking part in the strike with members of central trade unions leading the protest. These unions include AITUC, INTUC, CITU, AICCTU, CUCC,…