By Neha Arora and Mayank Bhardwaj NEW DELHI (Reuters) – State-owned Indian iron ore miner NMDC is likely to invest around 5 billion rupees ($61 million) in its planned first foray into gold mining, a source with direct knowledge of the matter said on Monday. NMDC is “on track” to secure a lease for the …
Indian miner NMDC plans $61 million investment in first gold block – source Read More »
By Aditya Kalra NEW DELHI (Reuters) – French spirits giant Pernod Ricard’s India head of corporate affairs, Yashika Singh, has resigned, three sources with knowledge of the matter said on Monday. Singh, who headed corporate affairs for the Indian market, with focus on regulatory matters, including related to manufacturing and government policy, resigned last week, …
Pernod India’s corporate affairs head quits, sources say Read More »
NEW DELHI (Reuters) – India’s finance minister has derided comments by former U.S. President Barack Obama that Prime Minister Narendra Modi’s government should protect the rights of minority Muslims, accusing Obama of being hypocritical. During Modi’s state visit to the United States last week, Obama told CNN that the issue of the “protection of the …
Indian minister scoffs at Obama comment on protecting Muslims Read More »
MUMBAI (Reuters) – India’s federal government on Sunday ordered the chief minister of Manipur state to “work harder” to restore peace as violence between ethnic groups has not subsided for over 50 days despite a heavy security presence. “I have been advised by the home minister to work harder towards restoring lasting peace in Manipur,” …
Indian government orders Manipur state chief to ‘work harder’ to end violence Read More »
OTTAWA (Reuters) – Canadian authorities on Friday charged an Indian man for issuing fraudulent university letters of acceptance to Indian students and other immigration-related criminal offences. Brijesh Mishra, a citizen of India, is facing five charges under the Immigration and Refugee Protection Act, the Canada Border Services Agency (CBSA) said in a statement. CBSA said …
Canada authorities charge Indian man for immigration fraud targeting students Read More »
By Kanishka Singh WASHINGTON (Reuters) – Narendra Modi’s denial that discrimination against minorities exists in India contradicts thorough documentation by rights advocates, according to activists disappointed by President Joe Biden’s embrace of the Indian prime minister. Asked at a press conference with Biden on Thursday what steps he was willing to take to “improve the …
Modi’s denial of discrimination against minorities in India is a lie, activists say Read More »
By Dharamraj Dhutia and Bhakti Tambe MUMBAI (Reuters) – The merger of Housing Development Finance Corp and HDFC Bank is set to shake up the debt fundraising market for non-bank financiers in India as the exit of a large borrower will leave investors searching for other options, at least six mutual fund managers said. The …
Analysis-HDFC Bank-HDFC merger set to shake up debt funding for non-bank borrowers Read More »
BENGALURU (Reuters) – Boeing has announced a $100 million investment in infrastructure and programs to train pilots in India, according to a White House statement released on Thursday. This comes on the heels of Air India signing firm orders of over 200 jets earlier this week from Boeing, which include 20 787 Dreamliners, 10 777Xs, …
Boeing to invest $100 million in infrastructure, pilot training in India Read More »
BENGALURU (Reuters) -India’s Adani Enterprises said on Friday that a joint venture with private data center operator EdgeConneX has raised $213 million to fund its under-construction data centers. The capital will be used to finance two data centers in the cities of Chennai and Noida, with an aggregate capacity of 67 megawatts (MW), the company …
India’s Adani Enterprises says JV raises $213 million to build data centers Read More »
By Jarrett Renshaw (Reuters) -Indian Prime Minister Narendra Modi and U.S. President Joe Biden met in Washington on Thursday and several agreements were to be announced to strengthen economic and diplomatic ties between the two countries and highlight new private sector investments. The following is a roundup of the major announcements: VISAS The Biden administration …
Factbox-Flurry of US-India deals on AI, defense as Biden, Modi meet Read More »
