NEW DELHI (Reuters) -At least nine of the 16-member crew of a Comoros-flagged oil tanker that capsized off Oman on Monday have been rescued while one was found dead, officials said on Wednesday, two days after the incident was first reported. The “Prestige Falcon”, a 117-metre oil product tanker, was heading to the Yemeni port …
Nine crew from capsized oil tanker off Oman rescued, one dead Read More »
By Aditya Kalra NEW DELHI (Reuters) -Indian education technology company Byju’s will challenge insolvency proceedings initiated against it in an attempt to block the process this week, as the startup once valued at $22 billion tries to tide over the crisis, two sources said on Wednesday. The National Company Law Tribunal in the southern state …
India’s Byju’s to appeal insolvency proceedings, sources say Read More »
By Ainnie Arif NEW DELHI (Reuters) – A Hindu group that marks Donald Trump’s birthday each year in Delhi offered prayers for his safety on Tuesday following the assassination attempt on him, saying he is the only leader who could rid the world of “radical Islam”. Attended by almost 50 people, the ceremony performed by …
Delhi Hindu group offers prayers for Trump’s safety Read More »
MUMBAI (Reuters) – The Securities and Exchange Board of India (SEBI) is proposing a new asset class that allows investors to take on higher risk through a regulated product, the Indian market regulator said in a consultation paper released on Tuesday. The asset class would fall between mutual funds meant for retail investors and portfolio …
India’s markets regulator proposes new asset class for high-risk investors Read More »
By Shivangi Acharya NEW DELHI (Reuters) – Taiwan firms are shifting supply chains to India from China, as Taipei and New Delhi strengthen economic ties, the head of the island’s key trade body told Reuters, as global trade tension rises among major economies. Trade conflict between the United States and China drove up Taiwan’s foreign …
Taiwan firms shift supply chains to India from China, trade body chief says Read More »
By Fayaz Bukhari SRINAGAR (Reuters) – A militant attack on an Indian Army patrol in Jammu and Kashmir killed four soldiers, including an officer, the army said on Tuesday, the latest incident of violence in the Hindu-dominated part of the troubled Himalayan region. The deaths take to 11 this year’s tally of Indian soldiers killed …
Four Indian soldiers killed in militant attack in Jammu and Kashmir Read More »
By Nimesh Vora MUMBAI (Reuters) – The Indian rupee is expected to open largely unchanged on Tuesday despite a decline in Asian peers on expectations that the central bank will not allow the currency to drop to an all-time low. Non-deliverable forwards indicate the rupee will open flat from 83.5925 in the previous session. The …
Rupee pressed by weak Asia, supported by intervention hopes Read More »
By Shivangi Acharya NEW DELHI (Reuters) – India is exploring ways to boost its exports to Russia, including by encouraging rupee-rouble trade and pushing Moscow to lift non-tariff barriers, New Delhi said on Monday, in the wake of Prime Minister Narendra Modi’s visit to Moscow. Old partners India and Russia have stepped up trade since …
India seeks to boost exports to Russia after Modi trip Read More »
By Dharamraj Dhutia MUMBAI (Reuters) -Indian bond market participants are expecting the government to help towards the payout of the interest and principal for Mahanagar Telephone Nigam Ltd bonds after a guarantee was invoked for one issue, four merchant bankers said. MTNL had raised 24.80 billion rupees ($296.97 million) through 10-year government-guaranteed bonds in July …
India may intervene for interest payment of MTNL’s other bonds, bankers say Read More »
By Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee ended lower on Monday, pressured by a decline in the Chinese yuan and tracking losses in Asian peers amid rising odds of Donald Trump’s re-election as U.S. president. The rupee closed at 83.5925 against the U.S. dollar, lower than its close at 83.5350 in the previous …
Rupee ends lower pressured by weaker yuan; Fed Powell’s remarks in focus Read More »
