Regulatory News

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Modi goaded Pakistan in deliberate yet risky move


NEW DELHI/ISLAMABAD When Prime Minister Narendra Modi met top aides to prepare last week's annual Independence Day address, some senior bureaucrats warned him against mentioning Baluchistan, arch-rival Pakistan's restive southwestern province.

Dirty laundry: Welspun tangle highlights India's quality challenge

MUMBAI Questions over the exact provenance of bedsheets sold by Welspun India to America's middle classes have not only wiped $740 million off the firm's market value, but also revived one of Indian manufacturing's enduring headaches: quality.

Economy 3:28pm IST

U.S. aid to Pakistan shrinks amid mounting frustration over militants

WASHINGTON Pakistan's continued support for resurgent militant groups hostile to the United States, coupled with warming U.S. military and business relations with India, is sharply diminishing Islamabad’s strategic importance as an ally to Washington, U.S. military, diplomatic, and intelligence officials and outside experts said.

Top News, World, South Asia 10:54am IST

French naval contractor DCNS files complaint following data leak

PARIS French naval contractor DCNS has filed a complaint for breach of trust after a massive leak of documents concerning six Scorpene submarines it is building for India, a spokesman for the shipbuilder said on Friday.

Top News, World 1:35pm IST

FDA warns former Sun Pharma U.S. drug factory over quality concerns

MUMBAI The U.S. Food and Drug Administration has pulled up a former Sun Pharmaceutical drug factory for "knowingly" releasing 27 lots of the hypertension drug clonidine last year, despite proof that the raw materials used may have been contaminated.

Top News, 3:21pm IST

Net1 to invest up to $40 million in MobiKwik over two years

MUMBAI Payment services provider Net1 UEPS Technologies Inc will invest up to $40 million in Indian mobile wallet services provider MobiKwik over the next 24 months, the companies said in a joint statement on Friday.

Top News 2:35pm IST

Gold price correction boosts demand; Indian discounts fall to 3-month low

MUMBAI/BENGALURU Gold discounts in India fell to nearly three-month lows this week while fresh buying gathered some steam elsewhere in Asia as price corrections and festive buying lifted demand for the yellow metal.

Top News 2:33pm IST

Infosys says seeing client-specific softness after Brexit

NEW DELHI IT services provider Infosys Ltd is seeing some 'softness' in clients after Britain voted in June to leave the European Union, a top company executive said during an analyst meet on Friday.

Top News 11:51am IST

Australia pulse crops racing to record to fill Indian plates

SYDNEY Australian farmers are set to churn out record harvests of pulses such as chickpeas and lentils after they rushed to take advantage of surging prices due to shortages in world No.1 producer and consumer India.

Top News, 12:12pm IST

France, India play down security risk of leaked submarine data

PARIS/FRANCE France and India on Thursday played down the security risk posed by leaked data on French-designed submarines that a source told Reuters was probably stolen by a French former employee and that has raised concerns over a $38 billion contract with Australia.

Top News, World 11:22am IST
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