NEW DELHI (Reuters) – India’s central bank likely sold $700 million dollars to prop up the rupee on Thursday as it plunged to a record low, according to three traders, amid broad based selling in Asian currency markets. The rupee fell as much as 0.5% to 77.63 to the dollar, its second record low in …
India’s cenbank intervenes to defend rupee – traders Read More »
By Rama Venkat BENGALURU (Reuters) -Indian shares lost more than 2% on Thursday and the rupee hit an all-time low, as investors shunned riskier assets in the run-up to inflation data which could bolster fears of more rate hikes. The NSE Nifty 50 index dropped 2.22% to close at 15,808 and the S&P BSE Sensex …
Indian shares fall over 2%, rupee hits record low ahead of inflation data Read More »
MUMBAI (Reuters) – Indian citizens and students travelling abroad are now eligible to take a booster shot as needed, the country’s health minister said on Thursday. “Indian citizens & students travelling overseas can now take the precaution dose as required by the guidelines of the destination country,” federal health minister Mansukh Mandaviya said on Twitter. …
Indian citizens, students now eligible for booster shot, health min says Read More »
(Reuters) – Delhi Capitals all-rounder Mitchell Marsh was thrilled with his performance against the Rajasthan Royals on Wednesday after a tough start to the season as he led them to an eight-wicket win to keep their Indian Premier League (IPL) playoff hopes alive. Marsh, who began this season while nursing a hip injury and later …
Cricket-Marsh hits form as Delhi Capitals keep IPL playoff hopes alive Read More »
By Munsif Vengattil and Aditya Kalra NEW DELHI (Reuters) – Chinese smartphone giant Xiaomi Corp faces legal headaches in India as a federal financial crime-fighting agency and tax authorities investigate its business practices. Xiaomi denies wrongdoing. But it recently hit the headlines with accusations that its executives faced intimidation from Indian enforcement officials, drawing public …
China’s Xiaomi battles probes in key India market Read More »
By Amit Dave AHMEDABAD, India (Reuters) – Rescuers in India’s western Gujarat state are picking up dozens of exhausted and dehydrated birds dropping everyday as a scorching heatwave dries out water sources in the state’s biggest city, veterinary doctors and animal rescuers say. Large swathes of South Asia are drying up in the hottest pre-summer …
Birds fall from the sky as heatwave scorches India Read More »
By Gopal Sharma KATHMANDU (Reuters) – Rising food and energy prices pushed Nepal’s annual inflation to a near six-year high in the month ending mid-April, just as the economy was beginning to recover lost tourist dollars from the coronavirus pandemic. Annual consumer price based inflation rose to 7.28% year-on-year from 7.14% the previous month, and …
Food, energy prices push Nepal inflation to near six-year high Read More »
MUMBAI (Reuters) – India’s market regulator on Wednesday proposed allowing companies targeting stock market initial public offerings (IPOs) to submit a confidential “pre-filing” document, in an effort aimed at safeguarding their sensitive business information. The initial offer document will only need to be filed with the Securities and Exchange Board of India (SEBI) and the …
India regulator proposes confidential ‘pre-filing’ of IPO documents Read More »
By Karen Lema and Neil Jerome Morales MANILA (Reuters) – A quiet retirement for Philippines President Rodrigo Duterte is unlikely when he makes way for successor Ferdinand Marcos Jr., but efforts to put him on trial for thousands of killings in his “war on drugs” appear unlikely to prosper. Duterte’s daughter, Sara Duterte-Carpio, helped get …
No quiet retirement for Philippines’ Duterte when Marcos takes over presidency Read More »
By Alasdair Pal and Uditha Jayasinghe COLOMBO (Reuters) – On Monday morning, hundreds of supporters gathered at the prime minister’s official residence in Sri Lanka’s commercial capital of Colombo where they urged Mahinda Rajapaksa not to resign. Arguably the country’s most powerful man, and scion of the dynasty to which his younger brother, President Gotabaya …
The meeting, then the mob. A ‘turning point’ in Sri Lankan crisis Read More »
