India’s imminent inclusion in the world’s most widely followed emerging market bond index, JPMorgan’s GBI-EM, is expected to draw a combined $11 billion away from South Africa, Poland and Thailand’s local markets, the bank’s analysts have estimated. The Wall Street lender said India’s entry, which starts on Friday and will take 10 months to complete, … Read more
India has undergone a massive infrastructure push and has made significant strides in connecting and modernizing its highways, railways and airports. Puneet Vikram Singh, Nature And Concept Photographer, | Moment | Getty Images For the last two years, Prime Minister Narendra Modi has spoken confidently about his ambitious goal to make India a developed economy … Read more
Mumbai: The Indian automobile industry grew 19 per cent to Rs 10.22 lakh crore in FY24 driven by a robust growth in the utility and sports utility vehicle (SUV) segment, a report said on Wednesday. The volume grew by 10 per cent during the year, the report by management consulting firm Primus Partners said. A … Read more
Just days after being sworn in for a record third time, Prime Minister Modi was in top gear at the recently concluded G7 summit. Modi, who was at the centre of the G7 family picture, made the best use of the opportunity for a ‘pull-aside’ with US President Joe Biden. The move was significant since … Read more
Canada will continue to have “tough conversations” and pursue diplomacy with foreign states accused of interfering in democratic institutions, including China and India, Foreign Affairs Minister Melanie Joly says. Both of those countries have been at the centre of allegations being heard at the public inquiry on foreign interference, which is probing attempts to meddle … Read more
Hyundai Motor’s Indian business filed draft papers on Saturday for what could be one of India’s biggest initial public offerings (IPOs), which the South Korean automaker said was aimed at increasing its brand image and providing liquidity in the country. Here are some of India’s largest IPOs: * LIFE INSURANCE CORPORATION OF INDIA (LIC) State-owned … Read more
People filling water in plastic cans from a water supply tanker at Chanakyapuri, Delhi on June 12, 2024. Hindustan Times | Hindustan Times | Getty Images India’s capital Delhi is facing a severe water crisis as the country undergoes its “longest spell” of recorded heatwave. According to India’s Meteorological Department, temperatures in some parts of … Read more
Indian elections may have sprung a surprise, denying an outright majority on its own to the BJP, but the likelihood of policy continuity and prospects of strong growth through Narendra Modi’s third premiership provide sufficient comfort to international businesses to commit funds here, Jose Vinals, chairman, Standard Chartered, tells Bhaskar Dutta and MC Govardhana Rangan. … Read more
The total tyre exports from India during 2023-24 stood at Rs 23,073 crore, matching previous year’s figure on the back of a sharp recovery in the second half of the fiscal, the Automotive Tyre Manufacturers’ Association (ATMA) said on Tuesday. In the first half of the year, tyre exports were severely impacted by falling demand … Read more
Roche Diabetes Care Inc. Accu-Chek brand glucose test strips are arranged for a photograph in the Brooklyn borough of New York, U.S., on Thursday, April 4, 2019. Alex Flynn | Bloomberg | Getty Images Roche, one of the world’s largest biotech companies, said “dangerous counterfeits” of its diabetes medical devices ended up for sale on … Read more
