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Tag: India

U.S., Japan and India conduct minesweeping exercise

U.S., Japan and India conduct minesweeping exercise

Business
July 20 (UPI) -- Anti-mine units from the U.S. Navy, the Japan Maritime Self Defense Forces and the Indian navy began mine countermeasure exercises near Ominato, Japan, this week. The U.S. and its allies conduct the exercise, known as 2JA, on an annual basis to increase interoperability between forces and capabilities in mine countermeasure operations. "This exercise allows us to flex our mine countermeasure muscles and improve interoperability with our JMSDF and Indian Navy teammates," commander of Amphibious Force 7th Fleet Rear Adm. Brad Cooper said. "The mine countermeasure mission is hugely important to both military and civilian shipping from all nations in the Indo-Pacific region and keeping waterways clear of mine threats is fundamental to national security and the free flow of t...
ICICI Bank reshuffle has left many questions unanswered: Jefferies India

ICICI Bank reshuffle has left many questions unanswered: Jefferies India

Finance
ICICI Bank CEO Chanda Kochhar’s decision to proceed on leave and the bank’s move to to appoint a chief operating officer to run operations till an enquiry into conflict of interest is completed leaves some questions unanswered. The most important one is about the role of Sandeep Bakshi, who is now the COO. In a report on Tuesday, brokerage Jefferies India has called Bakshi’s appointment as temporary and questioned the board's wisdom to have a three tier structure. “Without second-guessing the ICICI Bank board, we wonder under what circumstances the three-tier structure at the bank might be collapsed to two, as a COO role strikes us as unnecessary in the long term,” Nilanjan Karfa, equity analyst, Jefferies India said. For now, perhaps the board has found a safe middle gro
India embarks on offshore wind energy effort

India embarks on offshore wind energy effort

Business
June 19 (UPI) -- The completion of studies for the offshore wind energy potential in India expands the sector in a greening economy, the government said Tuesday. Norwegian energy advisory group DNV GL announced Tuesday it completed a study, co-funded by the European Union and an offshore wind energy group in India, examining the offshore wind energy potential for two coastal states. "It is the beginning of India's journey from onshore to offshore -- A dream comes true," India's Ministry of New and Renewable Energy stated. India under its commitments for the Paris climate agreement targeted 175 gigawatts of renewable energy capacity by 2022, with about 35 percent of that coming from wind energy. India has one of the fastest growing economies in the world. Its trade deficit hit $ 16.3 bill...
James Anderson to take six-week break to rest long-standing shoulder injury ahead of England's Test series with India

James Anderson to take six-week break to rest long-standing shoulder injury ahead of England's Test series with India

Sports
Sunday, June 10, 2018 England pace bowler James Anderson is to miss Lancashire's next two matches as he rests a long-standing shoulder injury ahead of the forthcoming Test series with India. Anderson will sit out the games against Worcestershire and Hampshire as part of a six-week period of rest in a bid to be ready to face the tourists in a five-match series which starts on August 1. Anderson starred in the second Test against Pakistan at Headingley as England fought back to draw the series 1-1 but will now rest a shoulder injury which he has managed for some time. "We have five Tests against India in a six-week period from August 1, which will be an intense and challenging period for all our bowlers, and therefore it's vital that we ensure...
Shootings in India tarnish Vedanta’s reputation

Shootings in India tarnish Vedanta’s reputation

Finance
AFTER 99 peaceful days of protests, the 100th brought carnage. On May 22nd in Tuticorin, a coastal town near the southern tip of India, police indiscriminately fired live rounds into a crowd of several thousand demonstrators who were opposing the planned expansion of a copper-smelting facility. Thirteen people died and scores more were injured. The fallout threatens to be a chronic headache both for the Indian authorities and Vedanta, the mining giant which owns the facility.Corporate public-relations consultants in London, where Vedanta’s main holding company is based, have depressingly ample experience in helping commodities firms whose reputations risk being sullied by such police violence. Royal Dutch Shell, an oil group, still faces ire for the way Nigerian authorities arrested ...