India cenbank gives sharply lower surplus of 303 billion rupees to govt
MUMBAI – India’s central bank transferred 303.07 billion rupees ($3.91 billion) to the government as a dividend for the fiscal year ending in March 2022 …
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BRICS-led New Development bank to set up regional office in India
NEW DELHI – New Development Bank (NDB), established by the BRICS group of emerging economies, said on Friday it would set up a regional office …
Indonesia’s flip-flops give Malaysia edge in top palm oil market India
By Rajendra Jadhav and Mei Mei Chu MUMBAI/KUALA LUMPUR – Indonesia’s “unpredictable” palm oil export policies may help Malaysia emerge as the dominant supplier to …
CEO of Berkshire’s Dairy Queen eyes China and India for growth, upgrades menu
By Jonathan Stempel OMAHA, Neb. – Dairy Queen is looking to China and perhaps India to fuel growth, while counting on a revamped burger menu …
Germany to invite India, Indonesia, Senegal, S Africa to G7 summit
BERLIN – Senegal, South Africa, India and Indonesia will be invited as guest countries to attend the G7 summit hosted by Germany in June , …
India seizes $725 million of Xiaomi assets over illegal remittances
By Aditya Kalra NEW DELHI -India said on Saturday it had seized $725 million from the local bank accounts of China’s Xiaomi Corp after a …
Indonesia export ban traps 290,000 T of palm oil shipments for India -trade
By Rajendra Jadhav MUMBAI – Indonesia’s wider palm oil export ban has trapped at least 290,000 tonnes of the edible oil meant to be headed …
Tata’s Air India proposes to buy AirAsia India
BENGALURU – Tata Group-owned Air India has proposed to buy the entire equity share capital of low cost carrier AirAsia India, in which Tata has …
India says Tesla should not import cars from China for domestic sale
NEW DELHI – U.S. electric vehicle maker Tesla Inc is welcome to set up shop in India, make cars there for sale and export them, …
EU chief to seek closer military, trade and tech ties on India visit
BRUSSELS – The European Union’s chief executive will seek to increase sales of European military equipment to India and relaunch talks on a free trade …
India wants to be friends with West but needs Russian help to defend borders, says Finance Minister -Bloomberg
MUMBAI – India wants to be strong friends with the “liberal world” but it needs Russia’s assistance to defend its borders, Finance Minister Nirmala Sitharaman …
Exclusive-Crisis-hit Sri Lanka, India revive talks to link electric grids
By Devjyot Ghoshal and Uditha Jayasinghe COLOMBO – India and Sri Lanka have resumed talks on linking their electricity grids, officials told Reuters on Tuesday, …
UK’s Johnson to leave home woes behind in visit to India
LONDON – British Prime Minister Boris Johnson will seek to put his domestic problems behind him when he visits India this week on a trip …
U.S. monitoring rise in rights abuses in India, Blinken says
By Kanishka Singh WASHINGTON – U.S. Secretary of State Antony Blinken said the United States was monitoring what he described as a rise in human …
India should not accelerate energy purchases from Russia -U.S. administration official
WASHINGTON – U.S. President Biden discussed issues regarding Ukraine, including India’s energy purchases from Russia, with Prime Minister Narendra Modi in a virtual meeting on …
Apple starts manufacturing iPhone 13 in India
NEW DELHI – Apple Inc has started making the iPhone 13 in India, the company said on Monday, as the U.S tech giant tries to …
Reserve Bank of India to wait at least until August to raise repo rate – Reuters poll
By Prerana Bhat and Tushar Goenka BENGALURU – The Reserve Bank of India will delay its first interest rate rise by at least four months …
Nepal’s prime minister visits India, meets Modi to deepen ties
By Gopal Sharma KATHMANDU -Nepal’s Prime Minister Sher Bahadur Deuba met his Indian counterpart Narendra Modi and inaugurated the Himalayan nation’s only railway link with …
Car sales in India rise but automakers warn of supply chain disruptions
By Aditi Shah NEW DELHI – Carmakers in India reported a sharp rise in annual sales for the fiscal year 2022 on Friday, but warned …
Australia and India to sign trade deal on Saturday – Australia
By Kirsty Needham SYDNEY – Australia will sign a trade agreement with India on Saturday that will eliminate tariffs on 85% of Australian goods entering …
India central bank focussed on growth, seen lagging on inflation fight
By Swati Bhat MUMBAI – Inflation is picking up in India, but the country’s central bank is likely to maintain its loose policy even as …
White House wants India ambassador nominee to receive expeditious vote in the Senate
WASHINGTON – President Joe Biden’s nominee for ambassador to India, Eric Garcetti, should receive a full and expeditious vote in the U.S. Senate, White House …
U.S. sends senior national security official to India to discuss Ukraine
By Nandita Bose WASHINGTON – President Joe Biden’s deputy national security adviser for economics, Daleep Singh, will travel to New Delhi and meet government officials …
India stands by trade with Russia as Lavrov set to visit
By Aftab Ahmed and Krishna N. Das NEW DELHI – Russian Foreign Minister Sergei Lavrov is set to fly to India this week, sources said, …
Japan PM Kishida announces $42 billion investment in India
MUMBAI – Japanese Prime Minister Fumio Kishida on Saturday announced a 5 trillion yen ($42 billion) investment in India over the next five years during …
Sri Lanka signs $1 billion credit line with India
COLOMBO – Sri Lanka’s Finance Minister Basil Rajapaksa signed a $1 billion credit line with India on Thursday to help ease crippling shortages of essential …
Exclusive: India boosts fertiliser imports from Canada, Israel as Russian supply disrupted
By Nidhi Verma and Rajendra Jadhav NEW DELHI – India is boosting fertiliser imports from nations including Canada and Israel to ensure sufficient supplies for …
India Could Accept Huge Russian Oil Offer After US Announces Import Ban
India Could Accept Huge Russian Oil Offer After US Announces Import Ban Sebastian Hughes on March 14, 2022 India may accept an offer from Russia …
India indicates readiness to release more oil reserves
By Nidhi Verma and Sethuraman N R New Delhi -India will take “appropriate” steps to calm the rise in oil prices, triggered by Russia’s invasion …
India Says Missile It Fired Into Pakistan Was An Accident
India Says Missile It Fired Into Pakistan Was An Accident Sebastian Hughes on March 11, 2022 A “technical malfunction” during routine maintenance led to the …
India growth recovery faces headwinds from geopolitical tensions, says Patra
MUMBAI – India’s growth story remains as weak as it was during the 2013 ‘taper tantrum’ and geopolitical tensions in Ukraine and Russia are further …
India explores setting up rupee trade accounts with Russia to soften sanctions blow – sources
By Rajendra Jadhav, Nupur Anand and Aftab Ahmed MUMBAI – India is exploring ways to set up a rupee payment mechanism for trade with Russia …
Jeep to launch two new SUVs in India to boost sales
By Aditi Shah NEW DELHI – Stellantis’ Jeep will launch two new sport-utility vehicles (SUVs) in India this year to boost sales in a market …
Potential investors in India LIC’s giant IPO fret over govt control of insurer -sources
By Nupur Anand, Aftab Ahmed and Scott Murdoch MUMBAI – Prospective investors in Life Insurance Corp of India’s (LIC) $8 billion IPO are seeking assurances …
India, UAE eye $100 billion in annual trade after signing trade pact
By Manoj Kumar and Alexander Cornwell NEW DELHI/DUBAI -India and the United Arab Emirates signed a broad trade and investment pact on Friday that will …
India plans to produce 5 million tonnes of green hydrogen by 2030
By Sudarshan Varadhan NEW DELHI – (This February 17 story corrects first line to say five million tonnes per annum, not cumulative) India plans to …
iPhone maker Foxconn to make chips in India with Vedanta
TAIPEI – Taiwan’s Foxconn said on Monday it had partnered with Indian conglomerate Vedanta Ltd to make semiconductors in the South Asian country, as the …
India files complaint against ABG Shipyard alleging $3 billion bank fraud
By Nidhi Verma NEW DELHI – India’s federal investigation agency has filed a police complaint against ABG Shipyard Ltd and its promoters accusing it of …
Exclusive-In heated meeting, India seeks tougher action from U.S. tech giants on fake news
By Aditya Kalra NEW DELHI – Indian officials have held heated discussions with Google, Twitter and Facebook for not proactively removing what they described as …
India to grant additional $2.6 billion for solar manufacturing
By Sudarshan Varadhan CHENNAI -India will allocate an additional 195 billion rupees ($2.62 billion) to boost investment in solar equipment manufacturing, Finance Minister Nirmala Sitharaman …
Conroe man charged with funneling money to India
HOUSTON – A 48-year-old local man has been taken into custody on charges of obtaining over $600,000 from elderly victims throughout the country, announced U.S. …
Watch A House Completely Disappear Into River As Torrential Rain In India Triggers Mass Flooding, Landslides
A house in India collapsed into the nearby river as severe rain triggered mass flooding and landslides in southern India since Friday. At least 27 …
Biden Climate Pact Hobbles US Manufacturing And Agriculture But Gives China, India, Russia A Pass
Some of the world’s top emitters of methane haven’t signed a global effort to curb how much of the greenhouse gas is emitted by 2030. …
World News: India’s Parliament approves contentious citizenship bill
India’s Parliament has approved a controversial citizenship bill that grants citizenship to minorities facing persecution from three neighbouring countries – but excludes Muslims. A day …
AP: Today in History for December 3rd
First human heart transplant performed; Industrial accident kills thousands in Bhopal, India; Hundreds of students arrested at the University of California at Berkeley; “A Streetcar …
World News: Pakistan hands over captured pilot Abhinandan Varthaman to India
Pakistan has handed over a captured pilot to Indian authorities at the Wagah border, a move aimed at de-escalating tensions after days of hostilities between …
World News: Babri Mosque case: Indian top court gives disputed site to Hindus
India’s Supreme Court has given ownership of a disputed religious site in the northern town of Ayodhya to Hindus for the construction of a temple …