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NEW DELHI: India announced a special economic package worth $175 million for Seychelles as PM Narendra Modi hosted President Patrick Herminie for a bilateral meeting, reiterating India’s continued support and assistance to the Indian Ocean neighbour in meeting its maritime security and defence needs. Modi said that the package in the form of a $125…
NEW DELHI: The Centre is readying a $1 billion package to boost footwear manufacturing in the country at a time when the sector is among those hit by the 50% tariff imposed by the US on Indian exports.The department for promotion of industry and internal trade had earlier proposed a production-linked incentive for the sector,…
First India-assisted Bailey Bridge opens in cyclone-hit Sri Lanka NEW DELHI: The first Bailey Bridge built under India’s assistance package to cyclone-hit Sri Lanka has been opened for traffic, restoring a key road link between the island nation’s Central and Uva provinces, the Indian mission in Colombo said on Sunday.The 100-foot bridge was constructed by…
File photo: Malaysia’s PM Anwar Ibrahim, left, and US President Donald Trump, right, watch as Thailand’s PM Anutin Charnvirakul, second left, and Cambodia’s PM Hun Manet hold up a document after the ceremonial signing of a ceasefire agreement (AP) The United States has announced a $45 million aid package for Thailand and Cambodia as part…
The government on Friday announced a Rs 7,295-crore export support package aimed at improving exporters’ access to credit, comprising a Rs 5,181-crore interest subvention scheme and a Rs 2,114-crore collateral support measure, officials said.Both interventions will be implemented over a six-year period from 2025 to 2031 and form part of the Rs 25,060-crore Export Promotion…
HYDERABAD: Amid a tough job market, a computer science engineering student from Indian Institute of Technology, Hyderabad (IITH), has landed a Rs 2.5 crore package from a Netherlands-based firm in this year’s placements. According to IITH, this is the highest package ever bagged by a student in the history of the institution, which started in…
The Union Cabinet on Wednesday approved a relief package for debt-laden Vodafone Idea, freezing adjusted gross revenue (AGR) dues of Rs 87,695 crore and rescheduling their repayment over a 10-year period from FY32 to FY41, sources told PTI.As part of the decision, the Department of Telecommunications will reassess the frozen AGR dues based on Deduction…
S Jaishankar with Sri Lanka’s President Anura Kumara Dissanayake (Image/X) NEW DELHI: EAM S Jaishankar on Tuesday announced that India has proposed a comprehensive assistance package of $450 million to support Sri Lanka’s reconstruction following Cyclone Ditwah, one of the deadliest natural disasters to hit the island nation in decades.Speaking in Colombo as a special…
The Delaware Supreme Court ruled in favour of Elon Musk, reinstating his 2018’s pay package awarding the Tesla CEO an annual salary of $56 billion. The decision comes after it was struck down by Delaware Chancery Court judge Kathaleen McCormick last year. Soon after the ruling, Elon Musk wrote on X (formerly known as Twitter):…
In a major win for Elon Musk, Delaware’s Supreme Court has restored the Tesla CEO’s $56 billion pay package from 2018. The compensation plan was struck down by Delaware Chancery Court judge Kathaleen McCormick last year who said that the tech billionaire had improperly influenced board members to come up with the compensation plan. Reversing…
