NEW DELHI (Reuters) – India’s government will not permit social media platforms to host any information that it identifies as false, according to a draft proposal of the country’s IT rules released this week. This is the latest in a slew of measures by Prime Minister Narendra Modi’s government that are being seen as efforts …
India considers banning news identified as ‘fake’ by govt on social media Read More »
By Anushka Trivedi MUMBAI (Reuters) – The Indian rupee strengthened on Wednesday, helped by an uptick in most Asian emerging market peers, while traders noted there were some dollar inflows. The rupee finished the session at 81.24 per dollar, recovering from trading near its Tuesday’s close of 81.76 for the better part of the session. …
Rupee firms as Asian currencies rebound; forward premiums jump Read More »
By Nimesh Vora MUMBAI (Reuters) – The Indian rupee is likely to inch up against the dollar on Wednesday, helped by the decline in the USD/INR non-deliverable forwards (NDF). The rupee is expected to open at around 81.60 compared with 81.76 in the previous session. Over the last two sessions, the local currency has come …
Rupee to open higher tracking NDFs, BoJ in focus Read More »
By Nidhi Verma NEW DELHI (Reuters) – Russia became the third-largest oil supplier to India in 2022, making up about 15% of total purchases, dragging down OPEC’s share to the lowest in more than a decade, data obtained from industry sources show. Refiners in India, the world’s third-biggest oil consumer and importer, have been gorging …
India’s Russian oil binge drags down OPEC’s share to lowest in 2022 Read More »
(Reuters) – India’s Adani Enterprises Limited (AEL) said on Tuesday that it has signed an agreement with Ashok Leyland and Canada’s Ballard Power to launch a pilot project to develop a hydrogen fuel cell electric truck (FCET) for mining logistics and transportation. The project led by Adani, will have Ballard supply the fuel cell engine, …
India’s Adani partners with Leyland, Ballard to make hydrogen fueled electric truck Read More »
BENGALURU (Reuters) -Indian drugmaker Eris Lifesciences Ltd said on Tuesday it would acquire a portfolio of dermatology brands from Glenmark Pharmaceuticals Ltd for 3.4 billion rupees ($41.63 million) to deepen its presence in the anti-fungal and anti-psoriasis segments. The deal, through Eris’ dermatology focused unit, is for the purchase of nine brands, including Onabet, Halobate, …
India’s Eris Lifesciences to buy some dermatology brands from Glenmark Pharma Read More »
By Gopal Sharma KATHMANDU (Reuters) – Rescuers used drones and abseiled down a deep gorge on Tuesday looking for the last missing person from Nepal’s worst air disaster in 30 years, in which at least 71 people died including small children. Difficult terrain around the 200 metre (650 feet) gorge and poor weather was hampering …
Nepal finds all but one missing person following deadly plane crash Read More »
NEW DELHI (Reuters) – The United States has taken steps to resolve serious challenges to issuing business visas to Indians following the COVID-19 pandemic, Arun Venkataraman, U.S. Assistant Secretary of Commerce for Global Markets, said at a conference in New Delhi on Tuesday. (Reporting by Shivangi Acharya, writing by Tanvi Mehta; Editing by Krishna N. …
U.S. says addressing business visa issues for Indians Read More »
SINGAPORE (Reuters) – India’s state-run Damodar Valley Corp (DVC) on Tuesday invited power distribution utilities and industries to buy power from 5 brownfield coal-fired units it is expanding. DVC expects to expand capacity of five coal-fired units in two states by 54.4% to 3.72 gigawatts, with the expanded capacity coming online between March 2027 and …
Indian state-run firm seeks electricity buyers from brownfield coal-fired units Read More »
(Reuters) – India player Rishabh Pant said on Monday that he has undergone successful surgery weeks after suffering multiple injuries in a car crash. Pant was heading to his home town Roorkee when the car he was driving hit a central divider, flipped over and caught fire in the northern state of Uttarakhand in the …
Cricket-India’s Pant on ‘road to recovery’ after successful surgery Read More »
