Sri Lanka has decided to lift from next year a ban on the visit of foreign research ships imposed after strong security concerns raised by India and the US following frequent docking requests from hi-tech Chinese surveillance vessels, the Japanese media reported. The change in position was conveyed by visiting Sri Lankan Foreign Minister Ali … Read more
India will struggle to create enough jobs for its growing workforce over the next decade even if the economy grows at a rapid pace of 7%, Citigroup Inc. said, suggesting the world’s most-populous nation will need more concerted steps to boost employment and skills. Citi estimates India will need to create about 12 million jobs … Read more
Armoured vehicles of the Indian army at a military camp in Eastern Ladakh on May 19, 2024. Tauseef Mustafa | Afp | Getty Images India and China have agreed to intensify efforts aimed at resolving their longstanding border issues, according to a statement by India’s external affairs ministry. China’s Foreign Minister Wang Yi and his Indian … Read more
Members of the Youth Congress are protesting against the alleged government irregularities, paper leaks, and a sharp rise in perfect scores in the state of Jammu and Kashmir. (Photo by Firdous Nazir/NurPhoto via Getty Images) Nurphoto | Nurphoto | Getty Images This report is from this week’s CNBC’s “Inside India” newsletter which brings you timely, … Read more
Chief Justice of India D Y Chandrachud on Thursday advised market regulator SEBI and the Securities Appellate Tribunal (SAT) to exercise caution amid a significant surge in equity markets and pitched for more tribunal benches to ensure that the “backbone is stable”. Inaugurating the new SAT premises here, CJI Chandrachud pitched for authorities to consider … Read more
TAFE Motors and Tractors Ltd, the subsidiary of leading tractor maker TAFE Ltd has inked a pact with Germany-based internal combustion engine manufacturer DEUTZ AG to jointly manufacture DEUTZ range of engines in the country. TAFE (Tractors and Farm Equipment) Motors and Tractors Ltd is a subsidiary of world’s third largest tractor manufacturer and city … Read more
Washington: The United States is deepening its relationship with India in several key areas, a senior administration official said Monday. “India is a country in which we are deepening our relations within a number of keyspaces, especially as it relates to deepening our economic ties, deepening our security cooperation,” State Department Deputy Spokesperson Vedant Patel … Read more
A roof has collapsed under heavy rainfall and winds at the main airport in India’s capital New Delhi, killing one person and causing flights from the terminal to be cancelled, officials said. A portion of the canopy at the departures area of Delhi airport’s terminal 1 collapsed at 5am local time on Friday, the airport … Read more
People seen filling water from Delhi Jal Board Tankers amid a water crisis in Delhi at Baljeet Nagar, on June 22, 2024. Hindustan Times | Hindustan Times | Getty Images Severe water shortages in India could hurt its sovereign credit strength, according to Moody’s Ratings, warning that the water crisis could lead to social unrest … Read more
Banks advising South Korean automaker Hyundai on its India IPO are set to make as much as $40 million in fees, three sources said, a windfall in a market where banks typically struggle to make money given cost-conscious clients and fewer big deals. That would be the second-highest fee pot ever for investment banks working … Read more
