India

LIC shares tumble in market debut after record IPO


Mumbai: Shares in Life Insurance Corp of India (LIC) slid nearly 8% in its market debut, a fresh setback for the state-owned giant as its record-breaking, oversubscribed IPO raised far less than expected for the government, Reuters reported. India's biggest insurer and largest domestic financial investor closed at 875.25 rupees, compared to the IPO price...

India’s economy back on track post-pandemic: Moody’s


New Delhi: Global financial services provider firm Moody's Analytics said India's economy is back on track after the pandemic and it does not expect the military conflict (in Ukraine) to derail the recovery. Several months into the conflict, fears over the impact have moderated. "Following a robust rebound of over 9 per cent in the year...

Rupee at record low against US dollar


New Delhi: The rupee has declined by 16 paise to close at its fresh lifetime low of 77.60 against the US dollar amid unabated foreign fund outflows and a stronger greenback in overseas markets. At the interbank foreign exchange market, the rupee opened lower at 77.57 and later hit the day's low of 77.61 as...

India to lead Cohort on Election Integrity consequent to US’ ‘Summit for Democracy’


A four member US delegation led by Uzra Zeya, Under Secretary for Civilian Security, Democracy, and Human Rights called upon Chief Election Commissioner Rajiv Kumar and Election Commissioner Anup Chandra Pandey at Nirvachan Sadan, New Delhi today. As part of ‘Summit for Democracy’, a decision has been taken to request India to lead the...

Largest ever Indian delegation lights up Red Carpet at Cannes


In a starstudded presence on the Red Carpet, Union Minister of Information & Broadcasting Shri Anurag Thakur today led the largest ever Indian official delegation of eleven celebrities walking together on the inaugural event at the Cannes Film Festival.  In a historic moment for Indian folk arts, Mame Khan became the first-ever folk artist to...

President Kovind in Jamaica on landmark visit, gets rousing welcome


President Ram Nath Kovind, who is on a four-day visit to Jamaica, arrived at Norman Manley International Airport in Kingston where he received a rousing welcome from the Jamaicans and the Indian expatriates. This is the first-ever visit by an Indian President to Jamaica. He is accompanied by his wife, first lady Savita Kovind, daughter...

India launches two indigenous frontline warships


Defence Minister Rajnath Singh launched two frontline warships of the Indian Navy – ‘Surat’ and ‘Udaygiri’ - at Mazagon Docks Limited (MDL), Mumbai on May 17, 2022. ‘Surat’ is the fourth Guided Missile Destroyer of the P15B class, while ‘Udaygiri’ is the second Stealth Frigate of P17A class. Both warships have been designed in-house...

Thomas Cup Finals 2022: India lifts historic title


India became the sixth nation ever to lift the prestigious Thomas Cup title. Indonesia led the chart with 14 titles.   Yesterday was a historic day for Indian badminton as they created history at the Impact Arena in Bangkok by whitewashing defending champions Indonesia 3-0 in the final to lift their maiden Thomas Cup title....

India relaxes booster dose rules for overseas travelers


New Delhi:  Indians going abroad can take the booster dose against COVID-19 if needed under the guidelines of the destination nation, the center said Thursday. "Indian citizens and students traveling overseas can now take the precaution dose as required by the guidelines of the destination country. This new facility will be available soon on the...