Latest India News

India to raise spending on job creation ahead of election

Feb. 01, 2023 06:59 AM EST

NEW DELHI (AP) — Indian Prime Minister Narendra Modi’s government presented to Parliament on Wednesday an annual budget of $550 billion that calls for ramping up capital spending by 33% to spur economic growth and create jobs ahead of a general election next year. Finance...

What is Hindenburg Research, firm accusing Adani of fraud?

Feb. 01, 2023 06:20 AM EST

NEW YORK (AP) — Hindenburg Research, the financial research firm with an explosive name and a track record of sending the stock prices of its targets tumbling, is taking on one of the world’s richest men. Hindenburg is back in the headlines after last week accusing Indian...

India's finance minister announces new clean energy funds

Feb. 01, 2023 05:18 AM EST

BENGALURU, India (AP) — Indian finance minister Nirmala Sitharaman announced several new clean energy initiatives in the government's annual federal budget speech on Wednesday, saying “green growth” is a top priority for the country. More than $8 billion dollars were announced...

Adani $2.5B share sale pushes through amid fraud claims

Jan. 31, 2023 07:52 AM EST

NEW DELHI (AP) — The closely watched $2.5 billion share sale launched by Asia’s richest man, Gautam Adani, was fully subscribed on Tuesday, bucking expectations after a turbulent week in which the conglomerate’s shares plunged in a tussle with a U.S. short seller. By the time...

Indian billionaire Adani at center of $68B stock market rout

Jan. 31, 2023 06:29 AM EST

NEW DELHI (AP) — Asia’s richest man, Gautam Adani, saw his companies shed $68 billion in market value after short-selling firm Hindenburg Research accused him of “pulling the largest con in corporate history,” triggering a massive sell-off of Adani stocks. The report by from...

Indian opposition's 'unity march' ends in disputed Kashmir

Jan. 30, 2023 08:19 AM EST

SRINAGAR, India (AP) — India’s main opposition Congress party ended a five-month cross-country “unity march” in disputed Kashmir on Monday with hundreds of members of various opposition groups joining in a public rally in freezing temperatures. The march led by Rahul Gandhi,...

Adani accuses short-seller Hindenburg of attacking India

Jan. 30, 2023 07:34 AM EST

NEW DELHI, India (AP) — India’s Adani Group, run by Asia’s richest man, has hit back at a report from U.S.-based short-seller Hindenburg Research, calling it “malicious,” “baseless” and full of “selective misinformation.” Shares in the conglomerate have suffered...

Taxes slow India's solar power rollout but boost manufacture

Jan. 29, 2023 23:04 PM EST

BENGALURU, India (AP) — In May last year Fortum India, a subsidiary of a Finnish solar developer, won the bid for a solar power project in the state of Gujarat. The project was due to be completed three months ago and would have generated enough electricity for 200,000 homes. But...

2 Indian fighter jets crash, killing pilot

Jan. 28, 2023 03:38 AM EST

NEW DELHI (AP) — Two Indian air force jets crashed in the central state of Madhya Pradesh on Saturday, killing one pilot, officials said. The Indian air force said on Twitter the aircraft were on routine operational training mission. One of the three pilots involved sustained...

India to get 12 cheetahs from South Africa next month

Jan. 27, 2023 08:39 AM EST

NEW DELHI (AP) — India will receive 12 cheetahs from South Africa next month that will join eight others it received from Namibia in September as part of an ambitious plan to reintroduce the cats in the country after 70 years. India plans to transport an additional 12 annually for...