Mumbai: The Department for Promotion of Industry and Internal Trade (DPIIT) has approved the ₹10,000-crore acquisition of Anil Ambani-promoted Reliance Capital by Hinduja Group-backed IndusInd International Holdings (IIHL), sources familiar with the development told ET. With this approval, all regulatory clearances required to finalise the transaction are now in place, said sources. IIHL had already … Read more
During the campaign ahead of the Nov. 5 presidential election in the U.S., Trump said he would pull his country out of the Paris climate agreement, something he did in 2017 during his first term. Current U.S. President Joe Biden had the U.S. rejoin the pact in one of his first acts upon assuming office … Read more
Brazilian officials held a bilateral meeting with Commission President Ursula von der Leyen on Sunday. Minister for Agriculture and Livestock Carlos Fávaro told reporters on Monday: “The deal would be very good for Brazil and the EU,” and added: “We have never been so near to finalizing this deal.” Scholz argued that delays would harm … Read more
Relations later frayed under Boris Johnson, however, as Trump pressured Britain to purge Chinese firm Huawei from Britain’s 5G network. Given that the matter was one of national security, the U.K. sided with America, but the move clearly soured relations with China. Trump may well want to make that relationship more awkward again. Elsewhere on … Read more
“I will say this simply, we cannot ask our farmers in Europe … to change their practices, to not use certain products and develop quality farming and, at the same time, open our markets to massive imports,” he said. The French president is on a whirlwind tour of South America that takes him to Argentina, … Read more
Brantner wants to “make Green great again,” she said, adapting the slogan of U.S. President-elect Donald Trump, whom she has criticized as a threat to global climate policy. Brantner will remain state secretary in the German economy ministry, headed by Robert Habeck, Germany’s vice chancellor. He is expected to be nominated as the Green Party’s … Read more
Iran has toned down its threats two weeks ago to “retaliate” against Israel. The regime has appeared to shift gears, at least in rhetoric, since the US election on November 5. Iran attacked Israel with 180 ballistic missiles on October 1. When Israel retaliated for that attack, Iran then claimed it would “retaliate” as … Read more
WASHINGTON — The hot tip to become the next U.K. ambassador to Washington is anti-Brexit and supports more cooperation with China. Best of luck with the MAGA crowd, Peter Mandelson. A veteran political operator who helped transform Britain’s center-left Labour movement in the 1990s and return it to power after almost two decades, Mandelson now … Read more
The chancellor made the remarks while speaking Thursday night at her first Mansion House event, where she also outlined reforms to boost the City of London by allowing extra risk in the U.K. financial system, among other policy maneuvers. Donald Trump won the U.S. election in a landslide last week, and has pledged to impose … Read more
The Trump administration “will continue to protect [its interests] at the risk of dismantling value chains between Europeans and Americans,” Macron warned, while urging Brussels to take action with a more aggressive trade policy of its own, building on the example of recent EU tariffs on Chinese electric vehicles. “Trump’s election is a moment of … Read more
