Category: India News

India’s celebration of festival of colours muted amid coronavirus fears

NEW DELHI – India’s Hindu festival of Holi was subdued on Tuesday with fears of the coronavirus putting a damper on the usually boisterous celebration marked by the throwing of coloured powder and dousing with dyed water. The two-day spring festival is a rowdy explosion of colour, with […]

Personal ambition played major part in Scindia’s decision: Adhir

New Delhi, Mar 10: Congress leader Adhir Chowdhury on Tuesday said ideology did not matter to Jyotiraditya Scindia, and claimed that “political convenience” and “personal ambition” played a major part in his decision to quit the party. Chowdhury alleged that some sort of “allurement and enticement” offered by the […]

MP: Another Congress MLA quits, number rises to 20

Bhopal, Mar 10: The number of MLAs who have resigned from the Congress in Madhya Pradesh climbed to 20 on Tuesday afternoon with another legislator quitting the ruling party, sources said. While 19 MLAs, most of them believed to be loyal to expelled party leader Jyotiraditya Scindia, have sent […]

Cheap oil prices likely to reduce inflationary pressures in India: government adviser

NEW DELHI – A fall in global crude oil prices will likely reduce inflationary pressures in India, a senior government adviser said on Monday, paving the way for further central bank easing as the coronavirus outbreak hits economic activity. Saudi Arabia slashed its oil prices over the weekend […]

India inflation likely fell to a three-month low in February: Reuters poll

BENGALURU – India’s retail inflation likely cooled from recent highs to a three month low in February, due to moderating food prices, but remained above the Reserve Bank of India’s target band, a Reuters poll of economists found. Inflation eased to 6.80%, significantly lower than January’s 7.59%, according […]

Indian stocks suffer worst day in 4-1/2 years on virus panic, oil price crash

BENGALURU – Indian stocks on Monday recorded their worst single-day fall in more than four years, tracking global markets lower, as panic over the economic fallout of the coronavirus outbreak intensified and oil prices plummeted. The NSE Nifty 50 index closed down 4.90% at 10,451.45, its worst daily […]

Uttar Pradesh ordered to remove billboards ‘naming and shaming’ anti-government protesters

LUCKNOW, India – The top court in India’s most populous state ordered authorities on Monday to remove large displays of the names, pictures and addresses of dozens of anti-government protesters, amid fears that they encourage attacks by vigilante mobs. The government of Uttar Pradesh in northern India put […]

Yes Bank debt writedown to hit sector capital-raising

MUMBAI/HONG KONG – The unexpected writedown of some bonds issued by crisis-hit Indian lender Yes Bank Ltd as part of a state-led rescue is set to raise borrowing costs and make capital-raising tougher for other banks, investors and analysts said. The take over of Yes Bank by India’s […]

India’s Yes Bank founder remanded in police custody on money-laundering charges

MUMBAI – An Indian court on Sunday remanded the founder and former managing director of crisis-hit Yes Bank Ltd (YESB.NS) in police custody until March 11 after he was arrested on money-laundering charges. India’s Enforcement Directorate, the country’s federal financial crime agency, arrested Rana Kapoor early on Sunday […]

Feminist, fashionable and fighting for sustainability: India’s Anita Dongre

With stores in India and New York, multiple clothing brands and a global celebrity following, fashion designer Anita Dongre is a feminist powerhouse in a male-dominated industry. But her true ambition is to create an environmentally sustainable company, she says. “Sometimes I wish I could just give up […]

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