Category: India
-
India underperformed EM in August; defensive sectors outperformed By Investing.com
•
Investing.com – In August 2024, the Indian stock market saw mixed performance, with the MSCI India Index returning a positive 0.9%. However, despite the gain, the index underperformed the emerging markets index by about 0.5 percentage points, putting India at 15th out of 24 emerging markets, Morgan Stanley analysts said…
-
India underperformed EM in August; defensive sectors outperformed By Investing.com
•
Investing.com – In August 2024, the Indian stock market saw mixed performance, with the MSCI India Index returning a positive 0.9%. However, despite the gain, the index underperformed the emerging markets index by about 0.5 percentage points, putting India at 15th out of 24 emerging markets, Morgan Stanley analysts said…
-
Exclusive-Russia’s Sberbank says India business booming despite Western sanctions By Reuters
•
Written by Elena Fabrichnaya and Gleb Bryansky MOSCOW (Reuters) – Trade between Russia and India is booming and bilateral payments are running smoothly without the problems that have hampered trade with other countries, Anatoly Popov, deputy chief executive of Russia’s largest lender Sberbank, told Reuters. Sberbank handles up to 70%…
-
Analysis-Apple set for music, TV streaming fight in India after Airtel deal By Reuters
•
Written by Munsif Vengatil and Aditya Kalra NEW DELHI (Reuters) – Apple Inc’s (NASDAQ:AAPL) partnership with India’s second-biggest telecom company will give the iPhone maker a boost in the content market where it lags far behind the likes of Spotify Inc (NYSE:S) and Amazon.com Inc (AMZN.O). Disney (New York Stock…
-
Telegram Under Scrutiny In India: What’s Next?
•
Current debate The issue surrounding a potential ban on Telegram in India has captured national attention. As the Indian government tightens its grip on digital platforms to curb illegal activities, Telegram finds itself under investigation in India and facing intense scrutiny. Allegations that the app facilitates criminal activities, including Telegram…
-
Telegram Under Scrutiny In India: What’s Next?
•
Current debate The issue surrounding a potential ban on Telegram in India has captured national attention. As the Indian government tightens its grip on digital platforms to curb illegal activities, Telegram finds itself under investigation in India and facing intense scrutiny. Allegations that the app facilitates criminal activities, including Telegram…
-
Foxconn chief defends hiring practices after report married women rejected in India By Reuters
•
Written by Praveen Paramasivam SRIPERUMBUDUR, India (Reuters) – Foxconn’s chairman defended its hiring practices on Saturday after New Delhi ordered an investigation following a Reuters report that the Apple supplier was rejecting married women from iPhone assembly jobs. “Foxconn hires regardless of gender, but women make up a large part…
-
Binance Faces $86 Million Tax Penalty In India
•
Image: milkroad.com In a significant development that has sent shockwaves through the cryptocurrency world, Binance, the world’s largest digital asset exchange, has been hit with a $86 million tax back order from Indian authorities. The landmark move by India’s Directorate General of Goods and Services Tax Intelligence not only highlights…
-
Fidelity, Nomura line up bids for Ola Electric’s India IPO, sources say By Reuters
•
Written by Aditya Kalra NEW DELHI (Reuters) – The initial public offering of Indian e-scooter maker Ola Electric, backed by SoftBank, will attract bids from investors including Fidelity, Nomura and Norway’s Norges Bank as well as several Indian investment funds, two sources familiar with the matter told Reuters. Ola Electric,…
-
India cenbank may prefer mild rupee weakness to correct overvaluation, BofA says By Reuters
•
MUMBAI (Reuters) – The Reserve Bank of India may allow the rupee to weaken slightly to ease a slightly elevated real effective exchange rate and keep the South Asian currency “competitive”, Bank of America Securities said in a note on Thursday. This “supports the government’s ambitions to attract large-scale manufacturing…
-
Florida farmers turn to ancient tree from India as the citrus industry dries up
•
An ancient tree from India is now growing in Florida’s citrus orchards, and it could help provide renewable energy for the country. With much of the Sunshine State’s famous citrus industry drying up over the past two decades due to two deadly diseases, citrus greening and canker, some growers are…
-
India opposition asks Modi government to question Foxconn hiring practices By Reuters
•
Written by Aditya Kalra and Praveen Paramasivam NEW DELHI (Reuters) – India’s opposition Congress party urged Prime Minister Narendra Modi’s government on Saturday to question Foxconn over hiring practices after Reuters reported that the Apple supplier was rejecting married women from iPhone assembly jobs in the country. The government has…
-
India opposition asks Modi government to question Foxconn hiring practices By Reuters
•
Written by Aditya Kalra and Praveen Paramasivam NEW DELHI (Reuters) – India’s opposition Congress party urged Prime Minister Narendra Modi’s government on Saturday to question Foxconn over hiring practices after Reuters reported that the Apple supplier was rejecting married women from iPhone assembly jobs in the country. The government has…
-
India digital currency transactions slump after reaching initial central bank target, sources say By Reuters
•
Written by Jaspreet Kalra MUMBAI (Reuters) – Use of India’s digital currency, the e-rupee, has fallen to a tenth of its December peak, four sources said, reflecting the difficulties many countries have faced trying to rally public support for digital currencies. The Reserve Bank of India began a pilot of…
-
India boosts defense ties with Bangladesh as it tries to become a counterweight to China
•
Breadcrumb links BMN Business Article writer: Associated Press Ashok Sharma Posted on June 22, 2024 • 2 min read You can save this article by registering for free here. Or log in if you have an account. Article content NEW DELHI (AP) — India and Bangladesh on Saturday moved to…
-
India topples UAE as Kenya’s second largest imports market
•
India has regained its position as Kenya’s second largest source market, replacing the United Arab Emirates, whose shipments fell by double digits due to relative stability in petroleum product prices. An analysis of official trade figures for the first three months of the year shows that traders spent Sh72.01 billion…