India
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PM Shehbaz asked to ‘shake hands’ with India
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[ad_1] Prime Minister Shehbaz Sharif was urged to mend ties with neighbouring countries including India in a bid to improve the country’s economy. The suggestion was floated by a top business leader of the country at a ceremony attended by…
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India hydropower output records steepest fall | The Express Tribune
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[ad_1] SINGAPORE: India’s hydroelectricity output fell at the steepest pace in at least 38 years during the year ended March 31, a Reuters’ analysis of government data showed, as erratic rainfall forced further dependence on coal-fired power amid higher demand….
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UAE fund plans $4-5b investments in India | The Express Tribune
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[ad_1] MUMBAI: Abu Dhabi Investment Authority (ADIA), the largest sovereign wealth fund in the UAE, is setting up a $4-5 billion fund to invest in India through a tax-neutral finance hub in Prime Minister Narendra Modi’s home state of Gujarat,…
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Russia replaces Iraq as top oil supplier to India in Nov | The Express Tribune
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[ad_1] NEW DELHI: Russia has for the first time emerged as top oil supplier to India replacing Iraq as refiners last month snapped up oil from Moscow fearing a price cap from Dec. 5 could hit supplies and choke payment…
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India hikes interest rate but at slower pace
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[ad_1] India’s central bank’s logo can be seen embedded on a wall. — AFP/File MUMBAI: India’s central bank on Wednesday raised its main interest rate for the fifth time this year, but by a smaller margin as inflation eases and…
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Singapore Airlines to take 25% Air India stake in merger deal
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[ad_1] An Air India aircraft prepares to land at the Chhatrapati Shivaji Maharaj International Airport in Mumbai on January 27, 2022. — AFP/File MUMBAI: Singapore Airlines announced Tuesday it will take a 25% stake in Air India, streamlining its aviation…
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India, EU resume free trade talks after nine-year gap | The Express Tribune
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[ad_1] India and the European Union resumed talks Monday on a free-trade deal after a nine-year gap, as Western countries seek to wean New Delhi off its close economic ties to Russia. Dubbed the “tariff king” by ex US president…
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India rupee hits record low amid sustained rise in global crude | The Express Tribune
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[ad_1] MUMBAI: The Indian rupee hit a record low against the US dollar on Thursday as the relentless surge in global crude oil prices raised concerns about a sustained rise in imported inflation, while choppy domestic shares also hurt. The partially…
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India hikes interest rates 50 basis points to fight inflation
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[ad_1] This file photo shows the entrance of the Reserve Bank of India (RBI). Courtesy Hindustan Times MUMBAI: India’s central bank on Wednesday hiked rates for the second time in two months, as Asia’s third-largest economy reels from galloping inflation…
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India faces wider coal shortages | The Express Tribune
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[ad_1] NEW DELHI: India is expected to face a wider coal shortage during the quarter ending September over expectations of higher power demand, an internal power ministry presentation seen by Reuters showed, worsening risks of widespread power outages. The energy-hungry…
