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.
India mulls import tax cut if EV makers build locally
India is working on a new electric vehicle policy that would slash import taxes for automakers that commit to some local manufacturing, following a proposal by Tesla which is considering entering the domestic market, people with direct knowledge said.
Indian farmers ramp up rice acreage
Indian farmers have planted 38.4 million hectares (94.8 million acres) with rice, up 4.3 percent on the same period last year, farm ministry data showed on Friday, as a revival in July monsoon rains and higher prices encouraged growers to boost acreage.
India’s diesel export to Singapore set to jump
India’s diesel exports to Singapore are set to hit a 19-month high in August and exceed 330,000 metric tons, boosted by cheaper freight costs and low inventories in the Asian oil hub, traders and analysts said.
India has no plan to restrict parboiled rice exports: official
India is not considering imposing any restrictions on exports of non-basmati parboiled rice, Food Secretary Sanjeev Chopra said on Tuesday.
Rupee ends flat
The Indian rupee ended little changed after trading in a narrow band on Monday, on likely dollar-selling intervention by the central bank which helped the currency navigate the decline in its the Asian peers.
Settle UAE trades in rupee, dirham
India’s central bank is nudging local banks to ask their clients to settle trade between the United Arab Emirates and India using the dirham (AED) or Indian rupee (INR) to reduce US-dollar-based transactions, five sources told Reuters.
Oil prices up 1%
Oil prices rose about 1 percent on Friday on signs of slowing US output, but both crude benchmarks also ended their longest weekly rally of 2023 on mounting concerns about global demand growth.
India plans to hold FTA talks with UK, EU, Canada
India plans to hold bilateral free trade talks with the United Kingdom, the European Union and Canada and discuss bilateral trade issues with the Russian delegation on the sidelines of a G20 meeting next week, a top trade official said on Friday.
India may import wheat from Russia at discount
India is in talks with Russia to import wheat at a discount to surging global prices in a rare move to boost supplies and curb food inflation ahead of state and national elections next year, according to four sources.
India considers wheat imports from Russia at discount
India is in talks with Russia to import wheat at a discount to surging global prices in a rare move to boost supplies and curb food inflation ahead of state and national elections next year, according to four sources.
