Slowdown grounds business jets as the rich tighten purse strings

NEW DELHI : Indian industrialists looking to tighten their belts amid the economic slowdown are giving up business jets as they cut the flab. Anil Ambani’s Reliance Transport and Travels has leased one of its three business jets, a 13-seater Global 5000, to a global charter company that has stationed the aircraft in Bengaluru. “This is the […]

India opposes attempts of rich nations to stall WTO’s Doha Round talks

The government opposed alleged attempts of the developed world to “abandon” the 14-year-old Doha Round talks of the World Trade Organisation (WTO) at the coming Nairobi ministerial meeting by citing the slow progress of negotiations to liberalise world trade. Over 100 member countries including India (out of the total 162 member countries of WTO) want […]