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India to require COVID test for arrivals from China, four other Asian countries

NEW DELHI (Reuters) – People arriving in India from China, Hong Kong, Japan, South Korea, Singapore and Thailand will have to show a negative COVID-19 test from Sunday, India’s health minister said. Travellers from those countries would have to upload their test result on an India government website before their departure, the minister, Mansukh Mandaviya, …

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Bond yields largely unchanged ahead of debt sale in low-volume session

By Bhakti Tambe MUMBAI (Reuters) – Indian government bond yields ended largely unchanged in the second-last trading session of 2022, as most market participants refrained from placing large bets ahead of the weekly debt auction and on a lack of significant cues before year-end. The 10-year benchmark bond yield ended at 7.3114%, after closing at …

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Indian banks’ fundraising spree to continue in Jan-Mar to enhance capital – analysts

By Bhakti Tambe and Dharamraj Dhutia MUMBAI (Reuters) – Indian banks could continue to actively raise funds via debt markets in the January-March quarter as they look to strengthen their capital base and finance credit demand under existing favourable market conditions, analysts and bankers said. “Apart from credit growth and refinancing, the market condition is …

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India-based Hetero’s Paxlovid generic gets WHO backing

(Reuters) – India’s Hetero said on Tuesday that its generic version of Paxlovid, an antiviral treatment for COVID-19 developed by Pfizer Inc, was added to the World Health Organization’s prequalification list, which serves as a benchmark for procurement of medicines by developing countries. Hetero said it had entered into a licensing agreement with the United …

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Uzbekistan says 18 children die after consuming India-made syrup

NEW DELHI (Reuters) – Uzbekistan’s health ministry has said at least 18 children have died after consuming a medicinal syrup manufactured by Indian drugmaker Marion Biotech Pvt Ltd. The ministry said 18 out of 21 children who took the Doc-1 Max syrup while suffering from an acute respiratory disease died after consuming it. It is …

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Rupee recovers mild losses to end flat, forward premiums drop

By Anushka Trivedi MUMBAI (Reuters) – The Indian rupee recovered from mild losses to close flat on Wednesday as exporters likely sold dollars, dealers said, in a low-volume session, while forward premiums fell for a third straight day. The rupee ended largely unchanged at 82.8575 per dollar. It fell up to 82.9225 during the session, …

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Bond yields tad higher tracking U.S. peers in thin trading session

By Bhakti Tambe and Dharamraj Dhutia MUMBAI (Reuters) – Indian government bond yields ended marginally higher on Wednesday tracking a rise in U.S. yields, while market participation was low, with most traders staying on the sidelines ahead of quarter-end. The 10-year benchmark bond yield ended at 7.3136%, after closing at 7.3077% on Tuesday. “Benchmark bond …

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Olympics-India ‘seriously’ considering bid for 2036 Games – sports minister

NEW DELHI (Reuters) – India is “seriously” considering a bid to host the 2036 Olympic Games, sports minister Anurag Thakur said. The world’s second-most populous nation has previously hosted the Asian Games and the Commonwealth Games, and Thakur told the Times of India newspaper it was the “right time” to host the Olympics. “If India …

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