Latest India News

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...

Adani mulls suing US short-seller as shares sink up to 20%

Jan. 27, 2023 06:36 AM EST

NEW DELHI (AP) — Shares in India’s Adani Group plunged up to 20% on Friday and the company said it was considering legal action against U.S.-based short-selling firm Hindenburg Research for allegations of stock market manipulation and accounting fraud that have led investors to dump its stocks....

India marks national day with Egyptian president as guest

Jan. 26, 2023 08:42 AM EST

NEW DELHI (AP) — Tens of thousands of people endured a winter chill and mist on Thursday as they watched a parade in the Indian capital showcasing the country's defense capability and cultural heritage on a newly revamped ceremonial boulevard. Egyptian President Abdel Fattah...

BBC film on Indian PM Modi, 2002 riots draws government ire

Jan. 26, 2023 06:20 AM EST

NEW DELHI (AP) — Days after India blocked a BBC documentary that examines Prime Minister Narendra Modi’s role during 2002 anti-Muslim riots and banned people from sharing it online, authorities were scrambling to halt screenings of the program at colleges and restrict clips of it on social...