‘Pivotal moment’: China ends special treatment in future talks; WTO welcomes move for fairer global trade

The World Trade Organization (WTO) on Wednesday welcomed China’s decision not to seek new special treatment in future WTO negotiations, calling it a step toward a more equitable global trading system.“This is a pivotal moment for the WTO,” said Ngozi Okonjo-Iweala, WTO Director-General, news agency AFP reported. “China’s decision reflects a commitment to a more…

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PhonePe plans $1.5 billion IPO: Walmart-backed fintech eyes $15 billion valuation; files DRHP with SEBI

PhonePe plans $1.5 billion IPO PhonePe Limited filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) late Tuesday night, taking the confidential route.The company confirmed the development and said the filings were made in accordance with the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, reported ET.PhonePe…

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Boost in Telangana’s agro-industrial development: Rs 3,745 crore investment approved; Coca-Cola among MNCs to set up new plants

Rs 3,745 cr investment cleared by Cabinet pane (Image credits: ANI) In a major boost to both industry and agriculture in Telangana, the state’s Industrial Promotion Cabinet sub-committee has approved investments worth Rs 3,745 crore from three multinational companies. The projects are expected to generate direct employment for 1,518 people.Deputy chief minister Bhatti Vikramarka Mallu,…

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