india business

India to Boost Iran Port Project, Links to Afghanistan

BEIRUT, May 23 – Indian Prime Minister Narendra Modi on Monday pledged up to $500 million to develop the southern Iran port of Chabahar, in a move to give his country trade access to Iran, Afghanistan and central Asia. The route is currently all-but blocked by Pakistan, long at odds politically with India. The deal,

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Expansion an Elusive Dream for Indian Industry

By Patturaja Murugaboopathy April 18 – Expansion is a distant dream for many Indian manufacturers as they grapple with under-utilised factories and towering debts, putting pressure on Prime Minister Narenda Modi to count on government spending instead of private investment to boost Asia’s third-biggest economy. There is a renewed manufacturing push under Modi’s flagship ‘Make

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India’s Tata Steel Puts British Business Up for Sale

By Promit Mukherjee MUMBAI, March 30 – India’s Tata Steel, Britain’s largest steelmaker, put its entire UK business up for sale to stem heavy losses, a move that would draw a line under its almost decade-long foray into Britain’s declining steel industry. After a marathon board meeting in Mumbai, the steel giant said the financial

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