Page 138 - India

Indian shares rise after US retail sales data lifts global sentiment

BENGALURU (Reuters) -Indian shares opened higher on Thursday tracking global peers, after latest U.S. retail sales data signalled strength in the world's biggest economy, while a return of foreign buying in domestic equities helped sentiment.The Nifty 50 index was up 0.61% at 18,126.75 as of 9:43 a.m. IST, while the S&P BSE Sensex rose 0.62% to 61,662.59.

Relocation of cheetahs from S Africa comes 3 years after it was mooted

The relocation of 12 cheetahs from South Africa that will arrive in India on Saturday comes three years after the idea was first mooted by the government of India. India had originally initiated plans to Understanding between the two countries led to a postponement, with the animals continuing with their quarantine at a reserve in the Limpopo province. In January 2020, the Supreme Court permitted the central government to introduce the Southern African cheetah to suitable habitat in India as part of a trial to see if they can adapt, said a report compiled by Vincent van der Merwe, the coordinator of the cheetah metapopulation in South Africa. This ruling came in response to an application filed by the National Tiger Conservation Authority (NTCA) seeking permission to introduce the Southern African cheetah from Namibia. Eight cheetahs from neighbouring Namibia were sent to India in September last year. A month after the ruling, the NTCA and Wildlife Institute of India (WII) contacte

Goldman growth fund increases bets on India as China interest cools

The New York-based bank is targeting to invest a quarter of its newly-raised $5.2 billion growth fund in the region, people familiar with the matter said

India added 1,300 active tech start-ups in CY2022, taking tally to 27,000

The country also added the second highest number of Unicorns, at 23 in CY2022, according to a Nasscom-Zinnov report

India's imports from Russia goes up by 384% in April-Jan: Commerce Ministry

India's imports from Russia has jumped about five times to USD 37.31 billion during April-January this fiscal on account of increasing inbound shipments of crude oil from that country, according to the commerce ministry data. In 2021-22, Russia was India's 18th largest import partner, accounting for USD 9.86 billion of imports. Russia has become India's fourth largest import source during the 10-month period of the current fiscal. India's appetite for Russian crude oil in January rose to unseen levels, continuing to remain above traditional middle eastern suppliers for the fourth month in a row, as refiners rushed to snap up plentiful cargoes available at a discount to other grades. From a market share of less than 1 per cent in India's import basket before the start of the Russia-Ukraine conflict, Russia's share of India's imports rose to 1.27 million barrels per day in January, taking a 28 per cent share, according to energy cargo tracker Vortexa. India, the world's third-larges

RE firm SWREL seeks India expansion by working with large corporates

Engineering major will participate in projects where supply and land risk is not there: CEO

India now has nearly 27K active tech startups, added 1,300 last year

India added over 1,300 active tech startups last year, taking the total tally of active tech startups to 25,000-27,000, a Nasscom report said on Wednesday.

Maruti Suzuki ties up with SMAS Auto to boost vehicles subscription

Maruti Suzuki India on Wednesday said it has partnered with SMAS Auto Leasing India Pvt Ltd to enhance its vehicles subscription programme. SMAS is the fifth partner to offer a range of the company's vehicles on white plate subscription, wherein the vehicle is registered under the user's name and hypothecated to the subscription partner, Maruti Suzuki India said in a statement. Maruti Suzuki Subscribe with SMAS is now available across cities, including Delhi, Gurugram, Noida, Mumbai, Pune, Bengaluru, Hyderabad and Chennai, it added. Maruti Suzuki India Senior Executive Officer, Marketing and Sales Shashank Srivastava said since its introduction two years ago, the Maruti Suzuki Subscribe programme has received good response, specially from "today's asset-light generation who prefer flexible buying decisions". "Through new partnerships and city expansions, we wish to expand our reach even more and serve our customers with more ease and convenience, he added. SMAS Auto Leasing Genera

India reports 102 new Covid-19 cases, 3 deaths; active tally rises to 1,823

India saw a single-day rise of 102 fresh COVID-19 cases as the active caseload increased to 1,823, according to the Union health ministry data updated on Wednesday. The country's Covid death toll stands at 5,30,756 with three latest fatalities -- two reported by Uttar Pradesh in the last 24 hours and one reconciled by Kerala -- the data updated at 8 am stated. The total tally of coronavirus cases was recorded at 4.46 crore (4,46,84,376). The daily positivity was recorded at 0.08 per cent, while the weekly positivity was pegged at 0.09 per cent. The active cases now comprise 0.01 per cent of the total infections, while the national COVID-19 recovery rate has increased to 98.81 per cent, according to the health ministry website. The number of people who have recuperated from the disease surged to 4,41,51,797, while the case fatality rate was recorded at 1.19 per cent. According to the ministry's website, 220.63 crore doses of Covid vaccine have been administered in the country so

Afghanistan remains primary terrorist threat for Central, South Asia: UN

Afghanistan remains the primary source of terrorist threat for Central and South Asia, with groups such as ISIL-K, Al-Qaeda and Tehrik-e Taliban Pakistan enjoying greater freedom of movement in the country owing to the absence of an effective Taliban security strategy, a UN report has said. The 31st report of the Analytical Support and Sanctions Monitoring Team (ISIL, Al-Qaida), was issued here on Tuesday. The report said that Afghanistan remains the primary source of terrorist threat for Central and South Asia. It originates from groups including the Islamic State of Iraq and the Levant- Khorasan (ISIL-K), Al-Qaeda, Tehrik-e Taliban Pakistan, as well as ETIM/TIP (Eastern Turkistan Islamic Movement/Turkistan Islamic Party), Islamic Movement of Uzbekistan, Islamic Jihad Group, Khatiba Imam al-Bukhari, Khatiba al-Tawhid wal-Jihad, Jamaat Ansarullah and others. These groups enjoy greater freedom of movement in Afghanistan owing to the absence of an effective Taliban security strategy,

Biden, Modi discuss importance of US-India strategic technology partnership

President Joe Biden and Prime Minister Narendra Modi discussed the importance of the US-India strategic technology partnership and committed to continue working together and in groups like the Quad to advance economic growth and expand cooperation on their shared priorities, a presidential spokesperson has said. A phone call between the two leaders took place on Tuesday following the announcement of a historic deal between Boeing and Air India for the latter to buy more than 200 planes from the American plane manufacturer. They also discussed the importance of the strategic technology partners between India and the United States. And the two leaders reaffirmed the strength of the US-India relationship, and committed to continue working together and in groups like the Quad to advance economic growth for our two countries and expand cooperation on their shared priorities, White House Press Secretary Karine Jean-Pierre told reporters at a news conference. In November 2017, the US, ...

India a bright spot for investments despite current volatility: Blackstone

Investors alarmed over recent events, but Blackstone's investments are safe, says president and COO

Country's first waste-to-hydrogen plant to be set up in Pune, said official

The country's first solid waste-to-hydrogen plant will be set up in Pune at a cost of over Rs 430 crore, an official said on Tuesday. The plant will be set up by sustainability solutions provider TheGreenBillions Ltd (TGBL), who has entered into a 30-year-long agreement with Pune Municipal Corporation (PMC). It will treat 350 tonnes of solid garbage every day by next year, TGBL chairman and founder Prateek Kanakia told PTI here. "Our plan is to produce 10 tonnes of hydrogen daily from 350 tonnes of solid waste. We are setting up the plant at Hadapsar Industrial Estate in Pune. This is the first attempt in India to extract hydrogen from waste," he added. The company will invest Rs 350 crore in setting up the plant and an additional Rs 82 crore will be spent to construct the storage facility and logistics support, Kanakia said. The PMC will Rs 347 per tonne to TGBL as tipping fee to treat the waste, he added. "The first 10 tonne reactor will be installed by November 2023 and the t

India's WPI inflation eases to two-year low of 4.73% in January

In December 2022, wholesale price inflation stood at 4.95 per cent. In January 2021, it was at 2.51 per cent

Adani Group likely to repay short-term commercial paper debt: Bankers

Two large companies within India's embattled Adani Group are likely to repay their short-term commercial paper (CP) debt as they come due over the next few months.

India-Australia comprehensive trade deal negotiations from February 20

Economists said a comprehensive trade deal with Australia was a step in the right direction

Eicher Motors Q3 results: Profit rises 62.4% on higher motorcycle sales

Total expenses rose 24.4% to 30.06 billion rupees, led by a 39% increase in the cost of raw materials and components

India calls on China to take losses on loans in poor-nation debt rework

China needs to come out openly and say what their debt is and how to settle it," said Amitabh Kant, the sherpa for India during its presidency of the Group of 20 forum of the world's biggest economies

Lessons from the Ukraine war

The war represents a failure of diplomacy, but the forthcoming G20 summit is an opportunity for diplomacy to redeem itself

US heavy bombers at Aero India 2023 mark strategic partnership with India

Supersonic heavy bomber B-1B Lancer is capable of carrying out missions worldwide