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(Reuters) – Saudi Arabia’s benchmark index rose on Tuesday, while the Dubai bourse fell and was on course to extend losses for a fourth session as traders assessed lower oil prices and concerns over the U.S. government’s debt-ceiling negotiations. Oil futures traded sideways after mostly weaker-than-expected data from China muddied the outlook for demand from …

Saudi bourse gains, Dubai extends losses ahead of U.S. debt-limit talks Read More »

NEW DELHI (Reuters) – India’s drug regulator has proposed testing cough syrups in government laboratories before they are exported, media outlet News18.com reported on Tuesday, after Indian-made syrups were linked to dozens of deaths in Gambia and Uzbekistan last year. India’s health ministry received the proposal from the Central Drugs Standard Control Organisation(CDSCO) this month …

India considers testing cough syrups before export – media Read More »

By Rajendra Jadhav MUMBAI (Reuters) – India’s weather office has forecast normal monsoon rainfall in 2023. However, a 90% likelihood of an El Nino weather pattern developing during the June-September monsoon season raises the possibility of less than normal rain. In the past, India has experienced below-average rainfall during most El Nino years, sometimes leading …

Explainer-Why El Nino is a concern for Indian monsoon rains? Read More »

By Sethuraman N R MUMBAI (Reuters) – The Indian rupee rose on Tuesday, set for its first gain in four sessions, helped by a slightly soft dollar and data that reinforced the South Asian country’s improving external position. The rupee was quoted at 82.19 against the U.S. dollar as of 10:56 a.m. IST, up from …

Indian rupee poised to halt three-day losing run on soft dollar Read More »

NEW DELHI (Reuters) – India has named Ravneet Kaur as chairperson of the country’s antitrust body, the Competition Commission of India, for a period of five years, according to a government order seen by Reuters on Tuesday. Kaur has held several positions in the government over the last two decades, including as chairperson of India …

India names former senior tourism official as head of antitrust body Read More »

By Shivangi Acharya and Manoj Kumar NEW DELHI (Reuters) – India’s merchandise and services trade deficit narrowed to a 21-month low in April as imports dropped partly due to some slackening in demand for discretionary items and oil in the Asian economy. The merchandise and services deficit fell to $1.38 billion compared with $8.37 billion …

India’s April merchandise and services trade deficit at 21-month low Read More »

BENGALURU (Reuters) -Apple Inc supplier Foxconn will invest $500 million to set up manufacturing plants in the southern Indian state of Telangana, the state’s IT minister said on Monday. The investment will create 25,000 jobs in the first phase, K. T. Rama Rao said in a tweet. Reuters in March reported that Foxconn had won …

Apple supplier Foxconn to invest $500 million in India’s Telangana state Read More »