Saudi Arabia, Argentina, Indonesia and Egypt are among the potential candidates to expand the five-nation bloc, many of them seeking stronger ties with non-Western powers. Iran is also interested.
Category: Modi, Narendra
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Under Hindu Nationalist Leaders, Sectarian Violence Flares in India
A gunman who killed Muslim train passengers and a Hindu march that turned riotous underscore how the partisan stances of India’s top Hindu leaders have given license to chaotic elements in the country.
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Corporate America Joins Biden in Welcoming Modi to the U.S.
India’s fast-growing economy is drawing American corporate giants, even as the country faces scrutiny over ties to Russia and limits on political freedoms.
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India Funds New Trains Ahead of Safety Improvements, Analysts Say
Train travel in the country has gotten much safer, Friday’s disaster notwithstanding, but the government still puts high-profile projects ahead of basic safety improvements, analysts say.
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India Will Scrap 2,000 Rupee Notes, Echoing 2016 Demonetization
The move to retire 2,000-rupee notes, worth $24, has triggered bad memories of a similar campaign in 2016. It has also left some businesses short of change.
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After Nearly Collapsing, Indian Billionaire’s Stock Is Back on the Rise
Investors have again rushed into the conglomerate controlled by Gautam Adani after a panel signaled that the investigation into the company’s finances was getting nowhere.
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India Embraces Digital Payments Over Cash, Even for a 10-Cent Chai
The New York Times – Business:India’s homegrown instant payment system has remade commerce and pulled millions into the formal economy.
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Why Adani’s $100 Billion Loss Hasn’t Tanked India’s Markets
The New York Times – Business:The steadfastness of India’s economy attests to the size and seeming strength of the country’s broader business landscape.
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Gautam Adani’s Rise Was Intertwined With India’s. Now It’s Unraveling.
The New York Times – Business:The tycoon often said the Adani Group’s goals were in lock step with India’s needs. Now, the company’s fortunes are crashing, a collapse whose pain will be felt across the country.
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U.S. Courts India as Technology Partner to Counter China
The New York Times – Business:American and Indian officials are working toward new partnerships in defense technology, advanced telecom and semiconductors.
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Why Stripe Is Raising Money at a Lower Valuation
The New York Times – Business:Stripe’s plan to raise billions at a lower valuation underlines the challenges facing start-ups seeking money as the market for initial public offerings stays shut.