Chinese communist party

As one of the key forces driving economic growth, consumption will catch up with the momentum in overall recovery and see some pent-up demand unleashed during the second half of the year as service sector picks up pace amid further containment of COVID-19, Zhang said. … [Read more...] about Xinhua Headlines: Chinese economy’s V-shaped recovery becomes more prominent

“That is precisely what the Congress needs to urgently address by expediting the process of finding a full-term president, through a participatory and democratic process that will offer the winning candidate a legitimate mandate and the credibility that will be indispensable in ushering in much needed organisational and structural revival of the party,” Mr. Tharoor said. … [Read more...] about Cong must find full-term president to arrest perception of being ‘rudderless’, says Shashi Tharoor

BENGALURU | MUMBAI: Canada Pension Plan Investment Board (CPPIB) is in the process of making a $150-million (Rs 1,040-crore) secondary market investment in new-age logistics company Delhivery, underscoring the rising interest of investors in a clutch of growth-stage tech firms.CPPIB, one of the world’s largest retirement funds, is buying the shares from homegrown private equity firm Multiples Alternate Asset Management, said two people familiar with the deal’s details. Venture capital firm Nexus Venture Partners, an early investor in Delhivery, may also liquidate some of its shareholding.“The secondary stake sale is likely to be completed after the approvals are in place, valuing Delhivery at $1.5 billion,” said a person close to the matter.The deal will see CPPIB, which manages $392 billion in assets, pick up a stake of about 8% in the Gurgaon-based company, sources close to the matter told ET. Delhivery already counts heavyweights such as Soft-Bank Vision … [Read more...] about CPPIB set to take delivery of Delhivery stake for $150 million