News Archive

Bank Whistleblower’s Attorney to Testify before European Parliament

Qui Tam attorney Stephen Kohn asked to offer Expert Testimony on “best practice” for European Whistleblower Law November 21, 2018. Washington, D.C.  The attorney for Danske Bank money-laundering whistleblower Howard Wilkinson has been invited to testify before the European Parliament’s Special Committee on Financial crimes, Tax Evasion and Tax Avoidance in Brussels, Belgium as an expert witness on

NASSCOM AND FACEBOOK’S ‘CODE FOR THE NEXT BILLION’ CONTINUES TO EMPOWER SOCIAL IMPACT START-UPS TO SOLVE FOR THE BOTTOM THE PYRAMID

New Delhi, November 20, 2018: NASSCOM 10,000 Startups and Facebook, today concluded the second edition of the Code for The Next Billion programme with ten shortlisted social impact start-ups showcasing their products on the Demo Day. The programme, a joint initiative by Facebook and NASSCOM 10,000 start-ups, started in the year 2015, had a singular

Steelbird International ties-up with Fujikura Rubber Japan

New Delhi, 20 November 2018: The Indian auto components market is undergoing a rapid transformation and the domestic market players are responding meaningfully through strategic initiatives. Long term partnership and tie ups with overseas institutions are one of the ways in which this is being done. Steelbird International, the leading brand in automotive components manufacturing

NASSCOM STATEMENT ON AUTHORITY OF ADVANCE RULING ON BACK OFFICE SUPPORT SERVICES

The  recent ruling by the Authority of Advance Ruling (AAR) (in the case of M/s Vservglobal) has taken the industry by surprise as it seeks to treat services provided on “own account” basis as  “intermediary” services. This could lead to unwarranted disputes and uncertainty in case of exports as once a service is treated as

Sharp drops in opium poppy cultivation, price of dry opium in Afghanistan, latest UNODC survey reveals

KABUL/VIENNA, 19 November 2018 (UN Information Service) – The total area under opium poppy cultivation in Afghanistan remains at very high levels despite a decrease of 20 per cent compared to 2017. The potential production of opium decreased by 29 per cent in 2018 compared to last year, while farm-gate prices hit an all-time low,

Nespresso to use world’s first responsibly sourced aluminium from Rio Tinto in coffee capsules

Nespresso will become the first company to use responsibly-sourced aluminium, supplied by Rio Tinto, to produce its coffee capsules. The two companies have signed a Memorandum of Understanding to work together with Nespresso’s capsule manufacturers to fulfil a commitment of sourcing 100 per cent sustainable aluminium by 2020, allowing customers to enjoy their coffee knowing

Government Response to the Helm Review on the Costs of Energy

Commenting on the Government’s official response the Cost of Energy Review, UK Steel’s Director General, Gareth Stace, said: “Today’s statement by Greg Clark shows the Government has failed to grasp the fundamental impact uncompetitive electricity prices are having on the steel sector in the UK. Today’s effective ruling out of any further short term solutions

LANXESS to strengthen its Indian production sites

Investment of around INR 1250 crores in the next five years Sales in India more than doubled in the last ten years 2018: Successful business year Mumbai, November 15, 2018 – Specialty chemicals company LANXESS is strengthening its asset base in India. The company plans to invest up to INR 1250 crores till 2023. Focus

Doing Business with Kenya with H.E. Mr. Willy K Bett, Ambassador of Kenya in India

MCCI organized an Interactive Session with His Excellency Mr. Willy K. Bett, High Commissioner of Kenya in India on the theme “Doing Business with Kenya” at the Chamber today. Mr. Pranay Poddar, Hony. Consul of Kenya in Kolkata was present and spoke on the occasion. Ms Mercelline Orindi, Economic Counsellor of the Kenyan High Commission

Celebrating its 20th anniversary, Intel India inaugurates new design facility in Bengaluru, announces Innovation award and D&I initiative

  Built with an investment of INR 1100 crore, Intel India’s new state-of-the-art facility in Bengaluru, SRR4, is aimed at advancing cutting-edge engineering and innovation Institutes Innovation Award in collaboration with the Government of India to be conferred annually to recognize pioneering work and contributions made by eminent scientists and innovators in three categories –