Indian bank shake-up proposal stirs concern over corporate power

Indian bank shake-up proposal stirs concern over corporate power

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Should Indian states consider more lockdowns even as a last resort?

Should Indian states consider more lockdowns even as a last resort?

If there is a Covid-19 surge, can a lockdown be far behind?As a fresh wave of the coronavirus sweeps through north and west India again, speculation is rife that some states will once again go back to the blunt-force tool that people across the world have to come to associate with the virus: lockdowns.After all, much…

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Unfazed Indian farmers press on protests against new laws

Unfazed Indian farmers press on protests against new laws

NEW DELHI (AP) — Thousands of angry Indian farmers faced tear gas and baton charges from police on Friday as they resumed their march to the capital to protest new laws they fear will give more power to corporations and reduce their earnings. Heading toward New Delhi, the farmers used tractors to clear walls of…

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Why are stressed Indian assets so attractive to foreign investors?

Why are stressed Indian assets so attractive to foreign investors?

As the Covid-19 slump deepens, a bunch of global investors is looking to snap up stressed Indian companies at a bargain.Earlier this month, Singapore-based DBS Group Holdings stepped in to bail out Lakshmi Vilas Bank (LVB), which was struggling with a massive bad loan problem. As per reports, another major global investor, New York-based Apollo…

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Indian shares make modest gains in special festival day session

CHENNAI, Nov 14 (Reuters) – Indian shares made modest gains in a special “muhurat” one-hour trading session for Diwali on Saturday, driven mainly by oil and gas and some banking stocks“Muhurat” means auspicious in Hindi, and many traders believe gains made during this session bring prosperity and wealth in the year ahead. Regular trading resumes…

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Indian govt’s latest stimulus to boost jobs, credit, farm sector

Indian govt’s latest stimulus to boost jobs, credit, farm sector

© Reuters. Outbreak of the coronavirus disease (COVID-19) in Mumbai By Aftab Ahmed and Swati Bhat NEW DELHI (Reuters) – The Indian government announced a fresh stimulus of $16.1 billion on Thursday to be spent largely on creating jobs and boosting the nascent recovery visible in various sectors even as it tries to keep a…

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Indian shares rise on strong blue-chip earnings, IT gains

Indian shares rise on strong blue-chip earnings, IT gains

FILE PHOTO: People walk past the Bombay Stock Exchange (BSE) building in Mumbai, India, March 9, 2020. REUTERS/Francis Mascarenhas/File photoBENGALURU (Reuters) – Indian shares edged higher on Wednesday following strong earnings from blue-chips Sun Pharmaceutical Industries and Adani Ports and SEZ (APSEZ), with IT stocks supporting gains.The NSE Nifty 50 index rose 0.43% to 11,861.1…

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How a 500-year-old Indian temple became a shrine for H-1B visa hopefuls

How a 500-year-old Indian temple became a shrine for H-1B visa hopefuls

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