Indian
Indian troops begin Maldives pullout after quit order
India has begun withdrawing military personnel operating surveillance aircraft in the Maldives after the new pro-China president ordered them to leave, local media reported Tuesday
Bandwidth import from India surges
Bandwidth imports from India have surpassed that from submarine cables due to a surge in internet usage, India’s more attractive pricing and enhanced redundancy, and the saturation of Bangladesh’s existing undersea cables’ capacity.
Rupee weakens
The Indian rupee fell on Tuesday as elevated US Treasury yields and broad strength in the greenback weighed on Asian currencies.
India could sell more wheat in open market
The Indian government could sell more wheat in the open market to control prices that have reached their highest in nearly eight months, the country’s food secretary said on Monday.
iPhone gaining market share in India
Apple is expected to gain a larger share of India’s smartphone sales, with the high-end iPhone 15 Pro and Pro Max models accounting for more of its shipments.
Rupee weakens slightly
The Indian rupee weakened slightly on Friday, weighed by crude marking fresh year-to-date highs but the downside was likely capped by dollar selling orders and expected equity inflows.
India’s trade deficit widens in August
India’s merchandise trade deficit in August was wider than expected and stood at $24.16 billion, according to a Reuters calculation based on export and import data released by the government on Friday.
India has no immediate plan to scrap import duty on wheat
India has no immediate plans to abolish the import duty on wheat, but it will reduce the limit on the number of stocks that traders and millers can hold, Food Secretary Sanjeev Chopra told reporters on Thursday.
Indian economy to grow by average 6.7% to 2031: S&P
S&P Global has projected the Indian economy to grow by an average annual rate of 6.7 percent to March 2031, driven by manufacturing and services exports and consumer demand, despite short-term challenges from rate hikes and a global slowdown.
India makes oil payment to UAE in rupee
India and the United Arab Emirates have started settling bilateral trade in their local currencies with India’s top refiner making payment in rupees for purchase of a million barrels of oil from the Middle Eastern nation, the Indian government said on Monday.
India’s retail inflation surges
India’s annual retail inflation in July rose to its highest in 15 months as vegetable and cereals prices skyrocketed, beating all market expectations and putting pressure on the government to take action to bring down prices.
Why India is trying to tame rising wheat prices
Indian officials are considering a raft of measures to boost domestic wheat supplies and cool local prices which surged last week to their highest six months.
Explainer: Why India is trying to tame rising wheat prices
Indian officials are considering a raft of measures to boost domestic wheat supplies and cool local prices which surged last week to their highest six months.
India’s wholesale price index falls
India’s wholesale price index fell 1.36 percent year-on-year in July, but the decline was smaller than expected because of higher prices for food and some commodities.
India’s trade deficit stood at $20b in July
India’s merchandise trade deficit in July stood at $20.67 billion, according to a Reuters calculation based on export and import data released by the government on Monday.
India’s industrial output growth falls
India’s industrial output growth rate slipped to a three-month low of 3.7 percent year-on-year in June, data from the Ministry of Statistics showed on Friday.
India rice export ban puts market on edge for copycat curbs
India’s rice export ban has the world market bracing for similar actions by rival suppliers to avoid potential domestic shortages as sellers try to fill the 10 million metric ton gap left by New Delhi, stoking concerns over already high global food inflation.
India may roll out welfare measures for gig workers
India plans to roll out welfare measures for “gig” workers employed through platforms like Amazon, Uber and India’s Zomato as Prime Minister Narendra Modi’s government prepares for elections, government and trade union officials said.
