Day: March 1, 2019

Pakistan returns Indian pilot in ‘peace gesture’

A pilot shot down in a dogfight with Pakistani aircraft returned to India on Friday, after being freed in what Islamabad called a “peace gesture” following the biggest standoff between the two countries in years. But fresh violence raged in Kashmir, with seven people killed in the Indian-administered […]

India’s growth may decelerate further despite election spending

NEW DELHI/MUMBAI – Billions of dollars of pre-election spending by the Indian government and political parties in the next two months is unlikely to stop the nation’s economy from slowing further, economists said. Asia’s third-largest economy lost momentum in the final quarter of 2018, as the annual rate […]

Factbox: India and Pakistan – nuclear arsenals and strategies

NEW DELHI – This week’s conflict between India and Pakistan, which involved air strikes in each other’s territories for the first time by the two nuclear-armed nations, has sparked fears of a nuclear confrontation. Below is a look at their nuclear capabilities: COMPARABLE ARSENALS India has much stronger […]

Pakistan to lodge U.N. complaint against India for ‘eco-terrorism’ forest bombing

ISLAMABAD – Pakistan plans to lodge a complaint against India at the United Nations, accusing it of “eco-terrorism” over air strikes that damaged pine trees and brought the nuclear-armed nations to blows, a government minister said on Friday. India and Pakistan are amidst their biggest stand-off in many […]

The Latest: Pakistan hands over captured pilot to India

ISLAMABAD — The Latest on escalating India-Pakistan tensions (all times local): 9 p.m. Pakistan has handed over an Indian pilot captured after his plane was shot down by the Pakistani military this week amid a dramatic confrontation between the two nuclear-armed rivals over the disputed Kashmir region. Pakistani […]

Pakistan brings captured Indian pilot to border for handover By ZAHEER BABAR today

WAGAH, Pakistan — Pakistani officials brought a captured Indian pilot to a border crossing with India for handover on Friday, a “gesture of peace” promised by Pakistani Prime Minister Imran Khan amid a dramatic escalation with the country’s archrival over the disputed region of Kashmir. The pilot, identified […]

Pakistani minister boycotts Islamic council meeting over Indian presence

ISLAMABAD  – Pakistan’s foreign minister said on Friday he would not attend a meeting of foreign ministers from the Organisation of Islamic Cooperation in Abu Dhabi this weekend because his Indian counterpart had been invited to the event. “I will not go to the council of foreign ministers,” […]

Solid demand boosts India’s factory growth to 14-month high in February – PMI

BENGALURU :  – India’s manufacturing activity expanded at the fastest pace in more than a year in February, as new orders and output grew solidly in a boost to employment, a private survey showed on Friday. The Nikkei Manufacturing Purchasing Managers’ Index, compiled by IHS Markit, increased to […]

Ola’s electric mobility unit raises $56 million in first funding round

(Reuters) – Ola Electric Mobility Pvt Ltd, a company backed by Indian ride-hailing platform Ola, said on Friday it raised 4 billion rupees ($56.4 million) in a funding round led by several of Ola’s early investors including Tiger Global and Matrix India. This is the first round of investment […]

Pakistan says to re-open airspace for commercial flights on Friday

ISLAMABAD – Pakistan’s Civil Aviation Authority said airspace closed this week amid tensions with neighbouring India would re-open for commercial flights from 4 p.m. local time (1100 GMT) on Friday. “We have got instructions that Pakistan is going to re-open airspace for all commercial flights,” a CAA spokeswoman […]

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