Controversial US Visa Draws Rich From China to India After Reset

(Bloomberg) — A US visa program that attracted $37 billion in foreign investments since 2008 for projects including New York’s Hudson Yards and Trump Bay Street in Jersey City is making a comeback — and the queue of wealthy applicants from China to India is growing. The revived EB-5 program is poised to fund undertakings from a golf resort in … Read more

Impact on Philippines, Indonesia, Thailand: Nomura

Rice production in India has fallen by 5.6% year on year as of September in light of below-average monsoon rainfall, which has affected harvest, Nomura said. Rebecca Conway | Getty Images News | Getty Images India, the world’s largest rice exporter, has banned shipments of broken rice — a move that will reverberate across Asia, … Read more

Zee Business Top Picks 18th Sep'22: Top Stories This Evening – All you need to know

Top stories featured on zeebiz.com – from market outlook to FPI flows data in September so far to direct tax collection in August, find top picks this evening. 

Bezos Loses Title of World’s Second Richest Man to Indian Billionaire

It was to be expected.  Jeff Bezos has lost the title of second richest man in the world behind Elon Musk, electric-vehicle leader Tesla’s  (TSLA)  chief executive.  The founder and executive chairman of tech and online-retail giant Amazon  (AMZN)   dropped to No. 3, on Sept. 16 at around 10:38 a.m in New York, according … Read more

India records 5,700 new Covid-19 cases

India logged a single day rise of 5,747 infections, taking the tally of Covid-19 cases to 4,45,28,524, while the active cases increased to 46,848, according to the Union health ministry data updated on Saturday. Active cases, deaths The death toll climbed to 5,28,302 with 29 fatalities, which include 13 deaths reconciled by Kerala, the data … Read more

Goldman Sachs Backs Data Startup Fortanix in $90 Million Round

“Cybersecurity is a $200 billion market and while most other services will get consolidated when they move to the cloud, security and privacy will remain separate,” Kumar, the company’s chief executive officer, said on a video call from the San Francisco Bay area. The startup has over 225 employees, a third of them in Bangalore.

EU urges China and India to support a price cap on Russian oil

BALI, Indonesia — The European Union on Saturday urged China and India to join the G-7 initiative to apply a cap on Russian oil prices, saying it is unfair for countries to pay excess revenues to Moscow amid the Kremlin’s war in Ukraine. The G-7 nations announced Friday that they agreed on a plan to … Read more

India to emerge as 6th largest insurance market by 2032: Swiss Re

India will emerge the sixth largest insurance market by 2032, Jérôme Jean Haegeli, Group Chief Economist, Swiss Re said on Thursday. Currently, India is ranked tenth largest in the global listing of countries by insurance premium volumes.  The expected rise in rankings for India will be on the back of likely 14 per cent compounded … Read more

SpiceJet in Talks to Raise $200 Million to Ease Finance Woes

Even as forecasts for India’s aviation sector look brighter with local traffic surging 94% in July, SpiceJet, which has slipped from No. 2 to No. 5 in the rankings, may find it difficult to make a comeback. Jet Airways India Ltd. is planning to resume flying by September and Air India Ltd. is headed for … Read more

Disney Licenses ICC Cricket TV Broadcast Rights to India’s Zee

Earlier this year, Viacom18 Media Pvt., a joint venture between Paramount Global and Mukesh Ambani’s Reliance Industries Ltd., won the streaming rights for the Indian Premier League, or IPL, cricket tournament away from previous rights holder Disney+ Hotstar. Disney grabbed the television rights.