India

IT drags Indian shares after recent rally; HDFC Bank results eyed – Markets

BENGALURU: Indian shares fell on Tuesday, dragged by a pullback in high-weightage IT stocks after a recent rally, while investors awaited the results of top private lender HDFC Bank. The blue-chip NSE Nifty 50 shed 0.29% to 22,032.30 points, while the S&P BSE Sensex lost 0.27% to 73,128.77. Both the benchmarks rose about 0.1% each

Palm ends higher as India extends lower duty on edible oil imports – Markets

KUALA LUMPUR: Malaysian palm oil futures closed higher on Tuesday, driven by top importer India’s move to allow edible oil imports at a confessional duty for one more year. The benchmark palm oil contract for April delivery on the Bursa Malaysia Derivatives Exchange rose 61 ringgit, or 1.61%, to 3,861 ringgit ($823.24) at closing. India’s

India to allow edible oil imports at lower duty until March 2025 – Markets

MUMBAI: India will extend the import of edible oil at a lower duty by another year until March 2025, the government said in a notification issued late on Monday as the world’s biggest importer of vegetable oil moves to limit local prices. The lower import duty structure on crude palm oil, crude sunflower oil and

Indian air traffic disrupted on third day of dense fog – World

Dense fog swathed large parts of northern India on Tuesday for the third straight day of an intense cold wave, reducing visibility to disrupt more than 160 flights. As many as 128 flights from the international airport in New Delhi, the capital, were delayed, with 33 cancelled, aviation site Flightradar24 showed, an effect that cascaded

India bonds consolidate after rally, traders eye state debt sale – Markets

MUMBAI: Indian government bond yields were little changed on Tuesday, with the benchmark yield consolidating around 7.15% mark, as traders awaited a fresh supply of state debt. The benchmark 10-year yield was at 7.1445% as of 10:00 a.m. IST, following its previous close at 7.1518%. Indian states plan to raise 192 billion rupees ($2.31 billion)

Indian rupee winning run may pause on dollar strength before key Fed member’s speech – Markets

MUMBAI: The Indian rupee is expected to open slightly lower on Tuesday, pressured by the US dollar’s advance on weak risk appetite and heading into Federal Reserve official Christopher Waller’s speech. Non-deliverable forwards indicate rupee will open at around 82.92-82.94 to the US dollar compared with 82.88 in the previous session. The local currency ended

Indian shares open lower tracking Asian peers – Markets

BR100 6,536 Decreased By -68.2 (-1.03%) BR30 23,600 Decreased By -397.9 (-1.66%) KSE100 63,749 Decreased By -520.8 (-0.81%) KSE30 21,349 Decreased By -199.7 (-0.93%)

Major storm hits French territory in Indian Ocean – Newspaper

MAHEBOURG: Fishing boats are moored on the shore flooded with debris brought by high tides during Cyclone Belal in Mauritius, on Monday. Heavy flooding hit the Indian Ocean island nation as a tropical cyclone approached it after battering the French overseas territory of Reunion.—AFP SAINT REUNION: Hundreds of thousands of people on France’s Reunion Island

Indian exporters face rising costs after Red Sea attacks – Business & Finance

NEW DELHI: The cost of Indian exports has more than doubled due to the Yemeni Houthi militia’s attacks on ships in the Red Sea, industry officials said on Monday. Around 80% of India’s goods trade with Europe, estimated at nearly $14 billion a month, normally passes via the Red Sea, according to government estimates. Exporters

Indian rupee gains for ninth session – Business & Finance

MUMBAI: The Indian rupee ended higher on Monday for a ninth straight session, fuelled by speculative bets its recent winning streak will continue. The rupee settled at 82.8800 to the US dollar compared with its previous close of 82.9225. The rupee rose to 82.7800 intraday, the highest in more than four months, but trimmed gains

Myanmar rebel group claims control of town bordering India, BD – World

NEW DELHI: An ethnic armed group in the western Myanmar state of Rakhine said it has taken control of a town bordering India and Bangladesh, marking the latest loss for the military government as it battles rebellion in several parts of the country. Myanmar is in the throes of an insurgency on multiple fronts, where

Nearly 250m Indians moved out of poverty in 9 years: govt

NEW DELHI: Nearly 250 million people moved out from poverty in India during the past nine years, claimed an official statement issued by the federal government on Monday. The findings were made in a discussion paper "Multidimensional Poverty in India since 2005-06" released by the country's top think-tank National Institution for Transforming India Aayog or

Dense fog disrupts flights, trains in Indian capital – World

Dense fog and cold enveloping large swathes of the northern part of India disrupted flights and train service in the country’s capital New Delhi for a second day on Monday. At least 463 flights leaving Delhi were delayed and 87 flights were cancelled on Monday, according to aviation website Flightradar24. More than 500 flights were

No snow: Tourists cancel holidays as Indian ski resorts run dry – Life & Style

SRINAGAR, India: A lack of snowfall has led to empty ski resorts and holiday cancellations in the Indian Himalayas, with scientists linking the “unusual” winter to the El Nino weather phenomenon. The dry spell in Kashmir has pushed skiers to skip the popular resort of Gulmarg, one of the highest in the world, and left

IT powers Indian shares to record highs for second straight session – Markets

BENGALURU: India’s blue-chip indexes hit record highs for a second consecutive session on Monday, led by information technology stocks after better-than-expected results from HCLTech and Wipro. The NSE Nifty 50 index added 0.93% to 22,097.45 points, while the S&P BSE Sensex climbed 1.05% to 73,327.94. The Nifty 50 surpassed the 22,000 level, while the Sensex

Maldives asks India to withdraw troops by March as row deepens

MALÉ   -   The Maldivian president on Sunday told India to withdraw its nearly 100 troops by March 15, a day after returning from China where he signed a raft of deals. New Delhi considers the Indian Ocean archipelago to be within its sphere of influence but the country has shifted to China’s orbit, the Maldives’s

Maldives-India row explained

The new Maldives president set a deadline on Sunday of March 15 for its giant neighbour India to withdraw all its troops from the tiny Indian Ocean archipelago nation. The deadline was set shortly after the Maldives president, Mohamed Muizzu, returned from a state visit to China. New Delhi has so far not commented directly

In FATF: India’s Troubling Trifecta

In the world of financial gov­ernance, India finds itself at a critical juncture as it navigates the intricate landscape of the Fi­nancial Action Task Force (FATF). While the global focus has recently shift­ed towards India’s re­sponses to FATF’s 300 probing questions, it is essential to scruti­nize India’s actions on a broader scale – from finan­cial

India has no plans to import wheat for now – Markets

NEW DELHI: India does not plan to import wheat and its farmers are likely to harvest a bumper crop that will boost stockpiles in the world’s second-biggest producer of the staple, the trade minister said on Saturday. “Ground reports indicate that the crop is quite good and this year’s production is expected at a record

Indian rupee poised to extend rally on speculative, debt flows – Markets

MUMBAI: The Indian rupee is likely to open higher on Monday, on bets chasing the currency rally on the currency and on debt inflows, traders said. Non-deliverable forwards indicate the rupee will open at around 82.82-82.84 to the US dollar compared with the close of 82.9225 in the previous session. The rupee is on an

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