Calls for Indian travelers to boycott the Maldives is “absolutely” helping Sri Lanka’s travel industry, the country’s Tourism Minister Harin Fernando said Thursday. “The Maldives issue is … helping us,” Fernando told CNBC, referencing a social media row in January that resulted in a sharp drop in Indian visitors to the Maldives this year. India … Read more
Predictions of scorching heat across India are giving fresh fodder to traders as they hunt for stocks that can outperform in an overvalued market. Shares of air cooler makers and power generators rallied this week after the nation’s weather agency warned of hotter-than-usual temperature through the end of June. The sectoral advance comes amid concerns … Read more
Block trades in India are close to capping their best quarter in 14 years as the country’s booming stock market encourages shareholders to monetize stakes. Shareholders have raised $7.1 billion selling their holdings in India so far this year, with the quarter on track to have raised the most from block trades since the January … Read more
