Foreign investors council

        Neeraj Arora, vice president of business development for Facebook’s WhatsApp, has resigned from Paytm’s board as the Indian company cries foul over the manner in which Silicon Valley giants are operating in the country.Arora, an ex-Googler who has played an instrumental role in increasing the reach of WhatsApp, had joined the Paytm board in 2015. His resignation comes in the backdrop of Vijay Shekhar Sharma, the founder and chief executive of Paytm, criticising companies such as Facebook over the way they are doing business in India.“India must welcome global tech companies,” Sharma, who has been vocal about his discomfort over the rise of international giants in India, tweeted on Wednesday. But “it must not let them colonise our Internet. Their ambitions and intentions are clear in last few weeks,” he added. Sharma’s remarks comes days after WhatsApp began rolling out the payment feature on its messaging … [Read more...] about Here’s why Paytm founder Vijay Shekhar is unhappy with WhatsApp’s UPI payment feature

By Julian Lee There was an elephant in the room during the recent OPEC+ meeting: The record-breaking initial public offering of Saudi Arabia’s mammoth oil company Saudi Aramco occurring at exactly the same time. The coincidence meant that the output cuts agreed by OPEC and its allies were designed as much to bolster the share price of Saudi Arabian Oil Co., as they were to balance the oil market going into 2020. This will greatly complicate matters for Saudi Arabia when it finds itself having to impose discipline on fellow producers looking for ways to adhere to their targets without actually cutting production. The deal is much weaker than it looks. The headlines out of Vienna took markets by surprise. The group cut their collective output target by a further 500,000 barrels a day for the first quarter of 2020, taking the reduction from 2018 baselines to 1.7 million barrels a day. Saudi Arabia, the kingmaker in all oil matters, said it would reduce its own target by a further … [Read more...] about Opec+ deal isn’t worth the paper it’s written on

Video PlayerClose With a 358,000-square km expanse, about the same size as Germany, China's Yangtze River Delta region that enjoys exceptional advantages such as a solid industrial foundation, the huge domestic market and reform and opening-up policies, is running on the fast track of integration. by Xinhua writers He Lingling, Yin Xiaosheng, Wei Donghua HANGZHOU, Dec. 15 (Xinhua) -- Yangtze River Delta, one of China's most economically invigorating and innovative regions, has pressed the fast-forward button to open to the world as the Chinese government recently drew up a blueprint for further regional integration. A series of meetings has been held over the past few weeks, following a master plan of the integrated development of the region unveiled on Dec. 1 by China's top authorities, in a bid to speed up the region's opening up. The implementation of the plan is a major strategic measure to lead high-quality development and improve the planning of further reform and opening up, … [Read more...] about Xinhua Headlines: Yangtze River Delta, vanguard of China’s fast-forward opening-up

The 30-share Sensex ended down 208 points at 28,261 and the 50-share Nifty closed 64 points lower at 8,571. Benchmark share indices extended losses for the third straight day as investors booked profits at higher levels with ICICI Bank and FMCG majors leading the decline. The 30-share Sensex ended down 208 points at 28,261 and the 50-share Nifty closed 64 points lower at 8,571. "The passing of the mining bill by the Rajya Sabha is a positive. However, traders seem to book profits at higher levels post any positive news be it the Insurance Bill, US Fed outcome and Mining Bill. Further, fourth quarter earnings are also seen weak," said Prakash Diwan, Director, Altamount Capital Management.Further, foreign portfolio investors (FPIs) bought shares worth Rs 1,428.72 crore on Thursday, as per provisional data released by the stock exchanges. Meanwhile, according to global rating agency Fitch India’s gross domestic product (GDP) to grow at 8.0% in 2015-16 and 8.3% in the next … [Read more...] about Markets end in red; NTPC, ICICI Bank fall sharply

For Quick Alerts Subscribe Now Citizenship Act Protests: 6 killed in Assam, CM says committed to protect all 'genuine citizens' View Sample For Quick Alerts ALLOW NOTIFICATIONS For Daily Alerts Just In 7 min ago Meghalaya'; Shah hints at tweak in Citizenship Act says,'will sit, discuss what can be done' 12 min ago 6.8 magnitude of earthquake hit Southern Philippines; no tsunami risk seen 18 min ago Payal Rohatgi held by Rajasthan police for making objectionable video on Motilal Nehru Must Watch Don't Miss Movies Will Prabhas Be Paid More Than Rs 30 Crore For His Movie With Mythiri Movie Makers? Sports Presidents Cup 2019: Star-struck USA team shower winning captain Tiger Woods in praise Technology Apple 5G Smartphone Might See Marginal Increase In Price: Report Lifestyle From Alia Bhatt To Kareena Kapoor Khan, These Divas Will Give Your Major Shopping Inspiration Automobiles Volvo XC40 T4 R-Design Petrol Launched In India At Rs … [Read more...] about Rahul Gandhi can’t be a patriot with ‘borrowed’ surname: Giriraj Singh hits back