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
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
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
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
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)
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
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
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
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
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
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 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
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
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
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
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 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
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
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