Bharat-UK FTA Deal

Bharat and Britain signed a Free Trade Agreement (FTA) on 24th July during the Prime Minister Modi’s Visit to the UK. This trade deal is expected to boost annual bilateral trade by $ 34 billion. Officially, this trade deal is known as the Comprehensive Economic and Trade Agreement (CETA), which aims to boost bilateral trade…

India, UK set 36-month deadline for mutual recognition of professional qualifications

This is crucial as in certain professional services, recognition of qualifications is an essential requirement. “It has been agreed that both countries will engage in mutual recognition of qualifications because in certain professional services, recognition of qualifications is an essential requirement like nurses, architects, accountants and dentists. Within a period of 36 months, we will…

ITC to invest Rs 20,000 crore in new manufacturing units in medium term: Chairman Sanjiv Puri

As part of its growth strategy, the company has already set up eight new manufacturing facilities across FMCG, Sustainable Packaging and export-oriented Value-Added Agricultural Products in recent years, he added. Puri said the company will prioritise its ‘Bharat First’ strategy-focusing on deepening its domestic presence, before making a significant overseas impact. He added that new…

STMicro to buy part of NXP Semiconductors’ sensor business for up to $950 million

July 24 (Reuters) – French-Italian chipmaker STMicroelectronics (STMPA.PA), opens new tab said on Thursday it would acquire part of NXP Semiconductors’ (NXPI.O), opens new tab sensor unit for up to $950 million in cash. The deal would expand STMicro’s portfolio of MEMS-based electromechanical sensors, which include safety and monitoring sensors for vehicles as well as…