BENGALURU/MUMBAI – Jewellers and retail consumers boosted gold demand in India this week as they stepped up purchases for the festivals of Dhanteras and Diwali, while higher prices dimmed activity in other Asian hubs.FILE PHOTO: A salesman shows gold bangles to a customer inside a jewellery showroom on […]
A design flaw, inadequate pilot training and poor flight crew performance contributed to a Boeing jet crashing in Indonesia last year, killing all 189 people on board, investigators said Friday. The Lion Air disaster was followed months later by a second crash — involving the same model of […]
KUALA LUMPUR – Malaysia is working to resolve a spat with India over Prime Minister Mahathir Mohamad’s stance on Kashmir, and hoping that a 16-nation trade pact, which includes India, will be signed this year despite the strained ties, its trade minister said.FILE PHOTO: Malaysian Prime Minister Mahathir […]
India’s auto sector is going through a slowdown, hurt by credit squeeze, higher insurance costs and a pile-up of inventory. This has prompted major automakers to cut production and rein in costs. However, the maker of popular hatchbacks such as Swift and Baleno managed to beat market expectations […]
BENGALURU – Infosys Ltd (INFY.NS) (INFY.N) on Thursday said the U.S. Securities and Exchange Commission (SEC) has launched a probe into whistleblower claims that the Indian software services firm used ‘unethical practices’ to boost revenue and profit. The company said India’s market regulator, the Securities and Exchange Board […]
MUMBAI – Prime Minister Narendra Modi’s ruling alliance was leading in elections in two key states on Thursday, television networks reported, tightening the party’s grip on power across the country. Modi’s Bharatiya Janata Party (BJP) and a regional ally were leading in 177 seats in the 288-seat assembly […]
HONG KONG – A murder suspect whose case was used by the Hong Kong government to push for a controversial extradition bill walked free from jail on Wednesday as the city’s authorities squabbled with Taiwan over how to handle a promised voluntary surrender. Chan Tong-kai, a Hong Kong […]
MUMBAI/BENGALURU – Two top Indian private-sector lenders on Tuesday signalled stress in their loan books as the banks grapple with the worst economic slowdown in years that has increased bad loans across the sector. Kotak Mahindra Bank Ltd, the nation’s third-largest lender by market value, trimmed its full-year […]
MONTREAL – Canadian Prime Minister Justin Trudeau’s Liberals held onto power after a closely fought election on Monday but were reduced to a minority government that will need the support in Parliament of a smaller left-leaning party. The vote showed a deeply divided country with the defeated Conservatives […]
BEIJING – China will take steps to safeguard its interests, but won’t close its door to foreign investment and the global industry despite trade frictions with the United States, a Chinese official said on Tuesday. Earlier this month, before key Sino-U.S. trade talks, Washington decided to widen its […]
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