When the coronavirus pandemic took hold in India, there were fears it would sink the fragile health system of the world’s second-most populous country. Infections climbed dramatically for months and at one point India looked like it might overtake the United States as the country with the highest case toll.
India and the US signed a key military pact and agreed on boosting cooperation in the Indo-Pacific region during talks between their top foreign affairs and defence officials in New Delhi on Tuesday, news wires reported.
China and India announced they had agreed to de-escalate renewed tensions on their contested Himalayan border and take steps to restore “peace and tranquillity” following a high-level diplomatic meeting in Moscow on Thursday, news wires reported.
A group of more than 2,000 online sellers has filed an antitrust case against Amazon in India, alleging the US company favours some retailers whose online discounts drive independent vendors out of business, a legal filing seen by Reuters showed.
Tensions between China and India over their Himalayan border have escalated, with China accused of moving thousands of troops into disputed territory and expanding a military airbase in the disputed region along the eastern Ladakh border, news wires reported.
India’s antitrust body is looking into allegations that Alphabet Inc’s Google is abusing its market position to unfairly promote its mobile payments app in the country, five sources familiar with the case told Reuters. The complaint was reportedly filed in February and the Competition Commission of India (CCI) has kept the identity of the complainant confidential, the first source with direct knowledge of the case said.
India’s central bank on Friday cut its key interest rate to 4% to counter the blow to the economy from the coronavirus pandemic and a lockdown meant to contain it.Reserve Bank of India Governor Shaktikanta Das forecast that the economy will contract in fiscal 2020-21. He did not give a specific figure.
A strong cyclone blew heavy rains and strong winds into coastal India and Bangladesh on Wednesday after more than 2.6 million people were moved to shelters in a frantic evacuation made more challenging by coronavirus.