News captured in the day
News captured in the day
A truck passes shipping containers stacked at the Container Terminal at the Cochin Port on Willingdon Island in Kerala
India's exports in July grew an annual 13.2 per cent to $16.24 billion, Trade Secretary Rahul Khullar told reporters on Tuesday, the ninth straight month of expansion.
Imports for the month rose 34.3 per cent to $29.17 billion, he said.
Passengers stand outside a ticketing counter at the domestic airport in New Delhi
Recent visa restrictions imposed by the US are not compatible with World Trade Organisation (WTO) regulations, a senior Indian government official said on Tuesday.
The US Congress passed legislation on Thursday to strengthen security along the border with Mexico, trying to tackle the politically sensitive issue of illegal immigrants ahead of November congressional elections.
Government has protested to Washington against this highly discriminatory US immigration bill that will double the cost of work visas for some high-profile Indian companies.
Funds for the bill will be raised through visa fee hikes that US Senate aides say would affect India's Tata Consultancy Services, Infosys Technologies, Wipro and Mahindra Satyam.
Trade Minister Anand Sharma said that bill would cost Indian companies an extra $200 million a year eroding competitiveness
A customer leaves the new Apple store, which is the world's largest, on its opening day at Covent Garden in London
Two Asian manufacturers whose wholly owned units were accused of paying kickbacks to get business from Apple Inc said they were investigating the matter, while a third denied engaging in such practices.
Paul Devine, an Apple global supply manager, on Monday pleaded not guilty in a California court to charges he accepted kickbacks from Asian companies.
Taiwan's Pegatron, the manufacturing unit of netbook PC pioneer Asustek, said on Tuesday it was investigating a case involving Apple and Kaedar, one of the Asian suppliers named in the kickback charges.
Singapore's JLJ Holdings, which owns Jin Li Mould Manufacturing, meanwhile said it was also looking into the matter and confirmed a former Jin Li employee was named in the indictment along with Devine.
\"We are investigating the case now and feel sorry abo
People are reflected on a stock quotation board outside a brokerage in Tokyo
The dollar hovered near a 15-year low against the yen on Tuesday, as prospects of more weak economic data from the US added to worries about a global slowdown and capped gains in stock markets.
European shares followed most Asian stock markets slightly higher, although analysts said gains could prove to be fleeting given weak sentiment.
Markets also paused ahead of a debt auction by Ireland later in the day as yield spreads for peripheral euro zone economies remained under pressure, though Spain sold 12- and 18-month T-bills at reduced yields compared with last month.
\"We wouldn't expect markets to make too much headway dramatically in either direction,\" said Graham Secker, European equity strategist at Morgan Stanley. \"We're in a holding pattern until we get a breakout in the economic data.\"
The dollar steadied at 85.24 yen, having slid a
Lawmakers arrive in their cars at the parliament in New Delhi
Angry lawmakers disrupted parliament on Tuesday over the killing of farmers protesting against land being acquired for a highway, reviving a debate over farm interests and the need for industrialisation.
At least three farmers were killed in Uttar Pradesh on Saturday when police fired at protesters demanding more compensation for land taken to build a $2 billion six-lane highway to connect the Taj Mahal city of Agra with New Delhi.
The state government has already acquired 1,500 hectares of a total of 43,000 hectares of land needed for the project. Locals say the compensation they received for their land was half the market price of about $20 per sq mt.
The incident was the latest in a string of violence surrounding government efforts to acquire farmland for Indian industry, where two-thirds of the 1.2 billion population is dependent on agriculture.
Such protests ha
A logo on a Shell petrol station is seen in London
Indian state-run refiner Hindustan Petroleum Corp is looking at buying fuel retail assets of Royal Dutch Shell in Africa, the Indian company's chairman said on Tuesday.
\"I think for BP's retail assets in Africa we are slightly late but we are exploring the possibility for Shell,\" S Roy Choudhury told Reuters.
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