By Aditya Kalra DAVOS, Switzerland (Reuters) – The Serum Institute of India (SII), the world’s biggest vaccine maker, is considering setting up its first manufacturing plant in Africa as it looks to expand globally after its success in selling COVID-19 shots, its CEO told Reuters on Monday. Africa was the only continent that did not …
Indian vaccine giant Serum plans African plant in global expansion Read More »
NEW DELHI (Reuters) – India said on Tuesday that the leaders of the other members of the Quad group of countries understood its position on Russia’s conflict in Ukraine when they met in Tokyo. “There was a general and good appreciation of the position that India has taken with regard to Ukraine,” India’s foreign secretary, …
India says Quad countries understand its position on Ukraine Read More »
By Trevor Hunnicutt and Kiyoshi Takenaka TOKYO (Reuters) -Japan scrambled jets after Russian and Chinese warplanes neared its airspace during a visit by U.S. President Joe Biden on Tuesday, with Tokyo conveying “grave concerns” about what it saw as a provocative move timed to coincide with the Quad summit. The issues of Taiwan and Russia …
Taiwan overshadows Quad talks, Japan scrambles jets Read More »
By Gloria Dickie (Reuters) – South Asia’s deadly heatwave in March and April was made 30 times more likely because of climate change, scientists reported Monday. As April temperatures hit nearly 50 degrees Celsius (122 degrees Fahrenheit) in parts of northern India and Pakistan, at least 90 people died from heat-related causes, officials have said. …
Climate change boosted odds of recent deadly heat in India, Pakistan, scientists say Read More »
By Aftab Ahmed and Sudarshan Varadhan NEW DELHI (Reuters) – India’s export duty hikes and tax cuts will likely hurt economic growth and raise the chances of the fiscal deficit widening, but do little to bring down retail prices within the central bank’s tolerance level, economists and industry officials said. Over the past month, India’s …
India’s inflation fight will hurt growth, risks wider fiscal gap Read More »
By Aditya Kalra DAVOS, Switzerland (Reuters) – Investcorp will deploy $400 million into Indian school infrastructure and warehousing, as it seeks to expand investments in the South Asian nation, its Co-Chief Executive told Reuters on Monday. Bahrain-based Investcorp has already invested $500 million in 13 companies in India, including online retailer FreshToHome and ASG Eye …
Investcorp targets $400 million at Indian school infrastructure, warehousing Read More »
NEW DELHI (Reuters) – The United States is considering “investment support” of $4 billion for India on top of billions of dollars extended earlier, New Delhi said on Monday after the two sides signed an agreement to keep such money flowing. The U.S. International Development Finance Corporation (DFC) or its predecessor agencies have so far …
U.S. considering $4 billion additional support for India Read More »
BENGALURU (Reuters) -Indian shares closed lower on Monday after a volatile session, weighed down by a sell-off in metal stocks after the government imposed heavy export taxes on steel products, while gains in automobile stocks helped cap some of the losses. The NSE Nifty 50 index was down 0.32% at 16,214.70 at close, while the …
Indian shares fall as metals tumble; automobiles help cap losses Read More »
NEW DELHI (Reuters) – Indian Prime Minister Narendra Modi and SoftBank Group founder Masayoshi Son met on Monday to discuss more investments by the country’s biggest tech backer, as a startup boom appears to cool in India amid worries about the global economy. The Japanese firm has injected more than $14 billion into India’s tech …
India’s Modi, Softbank’s Son discuss more investments after big tech bets Read More »
By Amlan Chakraborty NEW DELHI (Reuters) – Batsman Cheteshwar Pujara’s red-hot form for Sussex earned him a place in the India squad on Sunday for the one-off test against England in July. India were 2-1 ahead when the final test at Old Trafford in September was cancelled following COVID-19 cases in their camp. Edgbaston will …
Cricket-In-form Pujara back in India squad for England test Read More »
