Tag
India
50 articles

India's Cockroach Movement Protests Voter Deletions
Youth-led protests erupted in Mumbai on Friday over alleged mass removal of citizens from electoral rolls, with organizers demanding the election chief's resignation.

Flydubai Pilot Describes Fight With Co-Pilot During Suspected Hijacking
Captain Smit Machchhar, injured in the Wednesday attack aboard Flight FZ 1073, told Indian Prime Minister Narendra Modi he could not allow passengers to die
India's Fertility Rate Falls Below Replacement Level
With a total fertility rate of 1.9 children per woman, India joins dozens of countries where births no longer sustain population growth, forcing a policy reversal.
India's Duty Cuts on Edible Oils Trigger Restocking Ahead of Festive Season
New Delhi eliminated tariffs on crude sunflower oil and halved duties on soybean and palm oils on Sept. 24, prompting refiners to accelerate purchases while officials demand retail price cuts.
RBI's $200B Forward Short Shows Peak Dollar Absorption in Rupee Defense
The Reserve Bank of India's record net short dollar position of $200.06 billion in August reflects the structural limits of its currency intervention strategy via foreign currency deposits.
India-Pakistan Cricket Rivalry Rooted in Political Conflict
India and Pakistan have played cricket since 1952, with matches consistently ranking among the most-viewed global sporting events, driven by the nations' deep political tensions.

India's 'Tree Father' Leads Reforestation Effort
Swami Prem Parivartan, known as Peepal Baba, has led the planting or preservation of 26 million trees, restoring 270,000 hectares of vegetation across India.
India State Firms Scrap $688M Bond Sales as Yields Spike on Rate Hike Bets
Two government-backed companies canceled rupee issuances as central bank liquidity drain pushes borrowing costs higher ahead of expected monetary tightening.
NSE's Public Debut Shows Maturity of Indian Market Infrastructure
The National Stock Exchange's ₹22,569-crore IPO gained 1.85 percent on listing day despite a 1.67 percent market decline, expanding its shareholder base to 3.6 million.

India's Forex Reserves Fall $4.924B After Record $44.9B Surge
Weekly decline to $780.782 billion reverses prior-week surge; foreign currency and gold assets both contracted
India's Outsourcing Sector Shifts to Higher-Value Work as AI Automates Routine Tasks
Software services exports now represent 5.2 percent of GDP, up from 3.3 percent before the pandemic, as the country moves into analytics and engineering
India's 7.8% GDP Growth Faces Scrutiny Over Real Impact
Economists question whether India's reported first-quarter growth translates to tangible improvements in jobs, wages and living standards.
Record 1.8 Million Devotees Overwhelm Jaipur Temple for Marriage Blessing Henna
Viral social media posts drew crowds to the Moti Dungri Ganesh Temple, exhausting 3,500 kilograms of sacred henna in three hours
India Bond Yields Surge as RBI Drains $10.5B in Liquidity
Reserve Bank of India's aggressive cash absorption through note sales pushes yields higher across the curve as inflation risks mount ahead of potential rate hikes.
India August CPI at 4.82% Shows October Rate Hike — Futures Price 72% Odds
Retail inflation accelerated above the RBI's 4 percent target, with food prices surging 5.95 percent year-over-year and oil risks intensifying the case for a policy tightening next month.
India Tokenizes $620B Corporate Bond Market on Permissioned Ledger
SEBI and RBI pilot Demat 2.0 with wholesale digital rupee for atomic settlement of institutional debt issuance
Solar Industries' $1.36B Omnia Buy Shows African Mining Consolidation Play
All-cash acquisition of South African explosives and crop-nutrition company positions Indian conglomerate for multi-fold revenue growth in African mining from FY2028.

Tata Sons Must Go Public After RBI Rejects IPO Exemption
India's central bank rejected Tata Sons' bid to avoid public company status, forcing the conglomerate to list within three years of its 2022 NBFC classification.
RBI Mandates Tata Sons Listing After Rejecting Deregistration
India's central bank rejected the 2.01 trillion rupee conglomerate's bid to avoid going public, ending a multi-year regulatory standoff over compliance with a September 2025 deadline.
India's Demat 2.0 Pilot Settles $107M in Tokenized Bonds via Wholesale CBDC
SEBI facilitated three issuers in raising ₹1,025 crore in tokenized corporate bonds settled on a depository ledger using central bank digital currency, establishing an operational framework for regulated RWA tokenization.
India's SEBI Launches Demat 2.0 Pilot With $107M in Tokenized Bonds
Three issuers raised capital through the program, with settlement on the RBI's wholesale CBDC.
RBI's $136B FX Inflows Yield Positive Carry — But Liquidity Drain Needed
Governor Malhotra argues foreign currency deposits will generate net interest income, not costs, but the RBI must drain ₹5 trillion to offset rupee liquidity surge.
Sanlam's Profit Fall Masks Operational Strength — Currency Headwinds and India Spending Distort Core
South African insurer reported 22% profit decline but record new business volumes of R496 billion and doubled client cash flows signal underlying momentum.

India's Sebi Escalates Enforcement Against Global Traders, Showing Structural Shift
Probes of JPMorgan and Jane Street reveal a tightening regulatory stance in India's $5 trillion market, with retail options protection emerging as the enforcement priority.

Indian Retail Traders Lose $9.6 Billion in Derivatives Trading
Individual investors in India recorded $9.6 billion in losses from equity futures and options trading in the year ending March 2026, marking a fifth straight year of negative returns.

AlphaGrep's Rs 200 Crore Bond Issue Shows HFT Funding Shift During RBI Bank-Exposure Curbs
Indian high-frequency trading firm raises capital via 10.5 percent debentures to fund AI infrastructure and retail expansion after CRISIL A+ credit upgrade.
India's Record $102.7B Liquidity Surplus Flattens Short End, Complicates RBI Control
Forex inflows push banking system cash to all-time high, compressing overnight rates and forcing central bank into reverse repo operations
India's Diaspora Deposits Hit $100 Billion as Banks Target $50 Billion More
The RBI's overseas deposit facility has crossed $100 billion in inflows, with Indian banks now running a global campaign to attract an additional $50 billion from wealthy nationals abroad.
India's Closing Auction Hits 60 Stock Limits in MSCI Rebalancing
The NSE processed $4.1 billion in trades during Monday's index event, with 29 percent of stocks hitting circuit breakers, raising questions about the system's capacity.

HDFC Bank CEO Jagdishan Confirms October Exit, Triggering Succession Hunt
Sashidhar Jagdishan will leave India's largest private lender when his term ends Oct. 26, ending weeks of speculation and opening the door to an internal or external replacement.
Nepal Seeks Tunnel Rescue Help From India, China After Glacier Flood
Nepal requested specialized technical assistance from neighboring countries following a disaster that killed at least 626 people and left more than 2,400 missing.
Kashmir's Carpet Weavers Struggle as Young Workers Leave
The centuries-old handwoven craft, once Kashmir's leading export, faces steep decline as low wages and long hours push younger generations toward other work

Jio Platforms Nears $4B IPO After SEBI Clearance
India's regulator approved Reliance's digital subsidiary to raise $4 billion through a share sale, valuing the company above $100 billion and positioning it as one of the country's largest public offerings.
Vedanta Taps Rupee Bonds as Indian Firms Rush Debt Before Rate Hikes
The resources conglomerate plans a Rs 10 billion issue to refinance debt as companies lock in borrowing costs ahead of expected RBI tightening.

JPMorgan Unit Barred From India Markets Over Auction Manipulation Scheme
SEBI impounded ₹3.7 crore from a Mauritius-based JPMorgan entity and a local broker for allegedly placing and canceling large orders to profit from options positions during the new closing auction window.

India's BJP Removes Social Media Team Posts After Appointments
Newly appointed BJP officials made their X profiles inaccessible hours after being announced, removing years of posts that had drawn controversy.
India's IPO Index Hits Record on Strong Listing Momentum
BSE mainboard listings gauge rose 16 percent this year as investor subscription and price premiums signal sustained demand for new public offerings.

RBI Closes Dollar Swap Window Early, Rupee and Short-Term Bonds Sell Off
The Reserve Bank of India shut its FCNR(B) swap facility ahead of schedule, pushing the rupee to 95.61 per dollar and lifting the 10-year bond yield to 6.81 percent.
Google Plans Full Pixel Exit From China by 2027, Shifting Flagships to Vietnam
Google has told suppliers all Pixel phones, watches and earbuds will be made outside China starting this year, with Vietnam absorbing flagship development work.

India's Early FCNR Swap Closure Pushes Short-Tenor Bond Yields Higher
The RBI moved its diaspora-deposit hedging deadline to Aug. 31 after inflows topped $52 billion, lifting shorter-duration bond yields as banks lost a zero-cost hedge.
RBI Cuts FCNR Window a Month Early After $56.8B Floods In
India's central bank moves the FCNR(B) deadline to Aug. 31 from Sept. 30 after inflows across three channels hit $56.846 billion in just over two months.

India Orders LPG Output Surge as Hormuz Risk Exposes Structural Import Dependence
Refiners face production targets under six-month review after Hormuz disruption exposed a structural dependence on imported LPG covering 90 percent of national supply.
India Marks 80th Independence Day With Flag Hoisting at Red Fort
Prime Minister Narendra Modi led national celebrations in New Delhi on Aug. 15, including a 21-gun salute and an address from the historic Red Fort ramparts.

India's July Trade Deficit Widens to $31.98 Billion on Import Surge
Inbound shipments climbed $5.38 billion from June, outpacing export growth and pushing the goods trade gap past the $30.20 billion economist consensus.

India's Egocentric Data Economy: Who Profits When Workers Train the Robots That May Replace Them?
Indian garment workers earn as little as Rs 250 per hour wearing head-mounted cameras, generating first-person footage that companies sell to humanoid robot developers.
Bank of America Takes 49.9% Stake in Jio Credit With $1.92 Billion India Deal
The U.S. lender enters a joint venture with Jio Financial Services, acquiring an initial 26.5 percent interest expandable to nearly half of its non-bank lending arm.

Yulu Raises $93M to Quadruple EV Fleet, Eyes IPO on Gig Economy Demand
The Indian electric mobility firm raised $63 million in equity and $30 million in debt, targeting 200,000 vehicles and a public listing.
India's Retail Derivatives Losses Fall 18% to $9.6 Billion Under Regulatory Curbs
Indian retail investors lost 916.85 billion rupees ($9.6 billion) in equity futures and options in the fiscal year ending March 2026, down 18 percent from the prior year.

BSE Replaces Wipro in Nifty 50 as Passive Funds Redirect $741M
BSE's average free-float market cap of Rs 1,40,879 crore dwarfs Wipro's Rs 55,930 crore, triggering a $741M inflow to the exchange operator from index-tracking funds.

India Pavilion at Venice Biennale Examines Home Through Earth, Thread and Bamboo
Five Indian artists use traditional materials to reflect on memory, migration and belonging at the 61st International Art Exhibition.