Billionaire Indian investor Rakesh Jhunjhunwala, dubbed “India’s Warren Buffett” by the Indian media, has died at the age of 62, his office said today. Indian Prime Minister Narendra Modi called him “indomitable” and expressed grief over his death on Twitter, as did other Indian officials. Rakesh Jhunjhunwala was indomitable. Full of life, witty and insightful, […]
Tag: India
Sri Lanka: Allows Chinese ship to dock despite India’s concerns
The Sri Lankan government has decided to allow a Chinese research vessel to dock, despite concerns expressed by India about its safety. The vessel Yuan Wang 5, which was due to arrive at the southern Sri Lankan port of Hambadota on August 11, is now expected on the island the day after tomorrow, Tuesday, the […]
US: India concealed Russian origin of fuel sent to US
The United States has raised concerns with India that it was used to export fuel from Russian crude oil, via offshore shipments to hide its origin, to New York in violation of US sanctions, a top Indian central banker said today, according to with Reuters. The US Treasury informed India that an Indian ship had […]
Washington: India concealed Russian origin of fuel sent to US
The United States has raised concerns with India that it was used to export fuel from Russian crude oil, via offshore shipments to hide its origin, to New York in violation of US sanctions, a top Indian central banker said today, according to with Reuters. The US Treasury informed India that an Indian ship had […]
China and India import more than 40% of Russian crude, yet bells ring for peak demand
Russia is increasingly dependent on just two countries to sell its oil, with China and India now accounting for more than 40% of its export volume, Reuters reports. The two countries accounted for 1.85 million barrels per day (bpd) of Russia’s total exports of 4.47 million bpd in July, according to Kpler data. This gives […]
India: The central bank raised interest rates by 50 basis points
India’s central bank raised interest rates in a bid to tame inflation. Central bank governor Shaktikanda Das said the monetary policy committee decided to raise the repo rate by 50 basis points to 5.40 percent. Four of the six economists expected the central bank to raise the repo rate by half a percentage point, while […]
India: Nine dead and eight injured in a hospital fire
As for the victims, they are four patients, four staff members, while one body has not yet been identified. Nine people died and eight others were seriously injured in a fire that broke out today at a private hospital in the central Indian state of Madhya Pradesh. As for the victims, they are four patients, […]
First death from monkey pox in India
India today confirmed the first death from monkeypox, a young man from the southern Indian state of Kerala. This is the fourth death from the disease known during the current outbreak. Last week Spain reported two deaths linked to monkeypox and Brazil its first death from the disease. The death in India is also the […]
India: A swelling mountain of bills plagues the power industry
A growing pile of unpaid bills in India’s energy sector is putting the country’s growth at risk, Prime Minister Narendra Modi said, urging states to pay off their arrears to help modernize electricity systems, according to Bloomberg. The South Asian country’s electricity retailers, which are mostly controlled by provincial governments, are saddled with heavy losses […]
India: Draupadi Murmu is the new president according to the first results
A veteran politician from a marginalized ethnic group was elected India’s president today with the support of Prime Minister Narendra Modi’s ruling Bharatiya Janata Party. Draupadi Murmu, who hails from the Sandal tribe, received more than half the votes in parliament, according to partial results announced by the Election Commission. At 64, she will become […]
