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☆ India central bank well-equipped for post-U.S. election volatility, Reuters reports
▼ + stars: | 2024-11-04 | by ( ) www.cnbc.com time to read: +3 min

A sign for the Reserve Bank of India (RBI) sign is displayed inside central bank's headquarters in Mumbai, India. The Reserve Bank of India would be able to tap its large foreign exchange reserves to defend the domestic currency in the event of global market volatility and an outflow of foreign funds, the sources said. There has been a record outflow of more than $10 billion in foreign funds from India stocks, while foreigners pulled $700 million from the debt market. Central bank officials have not committed to or signaled any timing for a rate cut. China's stimulus efforts, which could intensify if U.S. tariffs further hurt its economy, have been a factor driving foreign funds out of India and other emerging markets into China.

Persons: Donald Trump, Kamala Harris, Trump Organizations: Reserve Bank of India, Republican, Democratic, Trump Locations: Mumbai, India, China, The U.S, Central

☆ The RBI has 'a problem of plenty' when it comes to its current account: JPMorgan
▼ + stars: | 2024-09-23 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe RBI has 'a problem of plenty' when it comes to its current account: JPMorganSajjid Chinoy of JPMorgan says India's foreign exchange reserves has allowed it to have a degree of monetary policy independence and that in a polycrisis world, having "more is better".

Organizations: JPMorgan Sajjid, JPMorgan

☆ Quad group expands maritime security cooperation at Biden's farewell summit
▼ + stars: | 2024-09-22 | by ( ) www.cnbc.com time to read: +5 min

US Secretary of State Antony Blinken (R) prepares to pose for a group photo with Australia's Foreign Minister Penny Wong (2nd R), Japan's Foreign Minister Yoko Kamikawa (2nd L) and India's Foreign Minister Subrahmanyam Jaishankar (L) at the start of their Quad Ministerial Meeting at the Iikura Guest House in Tokyo on July 29, 2024. The leaders announced joint coast guard operations next year that will include Australian, Japanese and Indian personnel spending time on a U.S. coast guard vessel. The leaders' joint statement included sharp language about North Korea, condemning its ballistic missile launches and "malicious cyber activity." "But I think China's recent maritime aggression could be changing the equation for India and could be prompting India to become a bit more open to the idea of Quad security cooperation," she said. Before the summit, Albanese met with Biden at his home and discussed bilateral cooperation between the two close allies across defense and security, including in the Indo-Pacific.

Persons: Antony Blinken, Penny Wong, Yoko Kamikawa, Subrahmanyam Jaishankar, Joe Biden, Biden, Fumio Kishida, Narendra Modi, Anthony Albanese, Xi Jinping, he's, Lisa Curtis, Kishida, Modi, Albanese, Donald Trump, Kamala Harris Organizations: Australia's Foreign, Japan's, India's, of, Indian, Australian, Pacific Partnership, Maritime Domain, House, Analysts, East China Seas, East China, U.S, China, Center, New, New American Security, congressional Locations: Tokyo, of Australia, India, Japan, United States, China, Delaware, U.S, Beijing, South China, South, East, Taiwan, Philippines, Brunei, Malaysia, Vietnam, North Korea, Islands, Southeast Asia, Asia, New American, Australia, Philadelphia

☆ 'Internal battle' in Modi's BJP on whether India needs Chinese investments, Natixis chief Asia economist says
▼ + stars: | 2024-08-01 | by ( Charmaine Jacob | In Charmainemariajacob | ) www.cnbc.com time to read: +5 min

Supporters of Bharatiya Janata Party (BJP) hold party flags as they celebrate Narendra Modi's swearing-in ceremony on June 9, 2024. Sopa Images | Lightrocket | Getty ImagesThere is an "internal battle" happening within India's ruling Bharatiya Janata Party over inviting Chinese investments, as the country strives to become Asia's manufacturing powerhouse, Alicia Garcia-Herrero, chief Asia Pacific economist at Natixis said. This proposal was shot down by Trade Minister Piyush Goyal on Tuesday who said that there was "no rethinking at present" on allowing Chinese investments into India, Reuters reported. Experts told CNBC that Chinese investments are needed in India's solar panel and battery manufacturing sectors — two areas that a report, citing Indian government sources last week, mentioned could see easing restrictions on Chinese investments. India increased scrutiny on Chinese investments into the country, and also blocked several Chinese mobile apps including TikTok following the incident.

Persons: Narendra Modi's, Alicia Garcia, Herrero, Natixis, V Anantha, Piyush Goyal, Modi, Garcia, Rajesh Kumar Singh, Harsh, Pant, Tauseef Mustafa, Jaishankar, Punit Paranjpe Organizations: Bharatiya Janata Party, BJP, Asia, Trade, Reuters, CNBC, Department, Promotion of Industry, Internal, Bloomberg, ICT, Communication Technologies, New Delhi's Observer Research Foundation, Afp, Getty, India's Foreign, Adani Locations: Asia Pacific, China, India, Europe, loggerheads, Eastern Ladakh, Tokyo, U.S, Mundra

☆ Quad foreign ministers meet in Tokyo for talks on maritime security, cyber
▼ + stars: | 2024-07-29 | by ( ) www.cnbc.com time to read: +1 min

US Secretary of State Antony Blinken (R) prepares to pose for a group photo with Australia's Foreign Minister Penny Wong (2nd R), Japan's Foreign Minister Yoko Kamikawa (2nd L) and India's Foreign Minister Subrahmanyam Jaishankar (L) at the start of their Quad Ministerial Meeting at the Iikura Guest House in Tokyo on July 29, 2024. Foreign ministers from Australia, India, Japan and the United States — a grouping known as the "Quad" — met in Tokyo on Monday for talks expected to focus on maritime security and initiatives to build up cyber defenses. The talks attended by Australia's Penny Wong, India's Subrahmanyam Jaishankar, Japan's Yoko Kamikawa and Antony Blinken from the U.S., follow security discussions between Tokyo and Washington on Sunday where the allies labelled China the "greatest strategic challenge" facing the region. We all understand we face the most confronting circumstances in our region in decades," Wong said in opening remarks at the start of the Quad talks on Monday. In her opening remarks, Kamikawa highlighted the need to build up cybersecurity capability and provide training opportunities in maritime security to protect and develop prosperity in Indo-Pacific.

Persons: Antony Blinken, Penny Wong, Yoko Kamikawa, Subrahmanyam Jaishankar, Australia's Penny Wong, India's Subrahmanyam, Japan's Yoko Kamikawa, Wong, Kamikawa Organizations: Australia's Foreign, Japan's, India's, United Locations: Tokyo, Australia, India, Japan, United States, U.S, Washington, China

☆ The West's attempts at isolating Russia just took another big blow
▼ + stars: | 2024-07-10 | by ( Huileng Tan | ) www.businessinsider.com time to read: +4 min

Read previewIndian Prime Minister Narendra Modi made Russia the destination of his first bilateral visit after securing a historic third term in office. On Monday, the US State Department said it has raised concerns with New Delhi about India's relationship with Russia. AdvertisementModi's advances toward Putin come less than two months after the usually reserved Chinese leader Xi Jinping hugged Putin not once, but twice — dealing another blow to the West's isolation of Russia. India imported about $60 billion of goods a year from Russia in the last fiscal year. "Due to Russia's close ties with China, India can turn to Russia to help defuse crises when bilateral geopolitical tensions flare up between India and China," he added.

Persons: —, Narendra Modi, Vladimir Putin, Volodymyr Zelenskyy, Putin, Xi Jinping, Xi, Modi, Rajiv Biswas, who's, Biswas, Vinay Kwatra Organizations: Service, NATO, Washington DC, Business, US State Department Locations: Russia, Ukrainian, Washington, Moscow, New Delhi, India, China

☆ Modi's Russia visit shows India isn't worried about making the US mad
▼ + stars: | 2024-07-08 | by ( Huileng Tan | ) www.businessinsider.com time to read: +4 min

AdvertisementThe US has raised "some concerns" about India's relationship with Russia with New Delhi, Kurt Campbell, the US Deputy Secretary of State, said last month. However, Washington acknowledges that India's ties with Russia are different from its ties with the US. Make no mistake — the United States and its allies are more consequential for India's future than its relationship with Russia," wrote Shinde. India needs to leverage its historical ties with Russia to secure its economy and security, so Modi isn't just in Russia for a goodwill trip. India imports about $60 billion of goods a year from Russia, but Russia buys less than 10% of this amount from India, per Bloomberg.

Persons: —, Narendra Modi, Vladimir Putin —, Vinay Kwatra, Ved Shinde, Shinde, Russia isn't, Kurt Campbell, we've, Campbell, Modi, There's, Putin Organizations: Service, Indian, Russia —, Business, Bloomberg, Australia's Lowy Institute, State, Shanghai Cooperation Organisation Locations: Russia, Delhi, Moscow, India, New Delhi, Ukraine, Europe, Vietnam, Washington, China, United States, Kwatra, Kazakhstan, Pakistan

☆ India's Modi to meet Putin in Moscow as both sides seek to forge deeper ties
▼ + stars: | 2024-07-08 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +2 min

Russian President Vladimir Putin speaking to Indian Prime Minister Narendra Modi during their meeting at Taj Exotic Hotel on October, 15, 2016 in Benaulim, Goa, India. Mikhail Svetlov | Getty Images News | Getty ImagesIndia's Prime Minister Narendra Modi is set to meet President Vladimir Putin in Moscow on Monday, marking his first visit to the Kremlin since the invasion of Ukraine. Their meeting is significant as it's the Indian premier's first bilateral trip overseas since he was reelected for a rare third term in June. watch now"This trip will rankle many Western observers," an analyst at the Lowy Institute pointed out in a published commentary. India's refiners have been snapping up discounted Russian oil since the start of the Ukraine war.

Persons: Vladimir Putin, Narendra Modi, Mikhail Svetlov, Vinay Kwatra, Kwatra, India's, Lowy Organizations: Indian, Taj Exotic, Getty, India's, Kremlin, Shanghai Cooperation Organization, United Nations, East Asia Summit, Lowy Institute Locations: Benaulim, Goa, India, Moscow, Ukraine, Russia, Russian, Europe

☆ Think tank discusses Russia's role in India's foreign policy
▼ + stars: | 2024-07-08 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIndia is signaling that Russia's role in its foreign policy will continue, says think tankHarsh V. Pant, vice president at Observer Research Foundation, discusses Indian Prime Minister Narendra Modi's visit to Russia and how relations with China might affect the India-Russia dynamic.

Persons: Pant, Narendra Modi's Organizations: India, Observer Research Foundation, Indian Locations: Russia, China, India

☆ Indian national extradited to U.S. to stand trial in alleged plot to kill Sikh activist in New York
▼ + stars: | 2024-06-17 | by ( Jonathan Dienst | Tom Winter | ) www.cnbc.com time to read: +2 min

An Indian national accused of helping plot to kill a U.S. citizen in New York City has been extradited to the U.S. to stand trial. A U.S. District Court spokesman said Nikhil Gupta is scheduled to appear Monday in the lower Manhattan courthouse on federal murder-for-hire charges. That critic has been identified as Gurpatwant Singh Pannun, whom Indian officials have labeled a terrorist, according to The Associated Press. Pannun — believed to be the target of the alleged plot — advocates for an independent Punjab region for India's Sikh population, officials said. In November, Justice Department officials announced charges against Gupta after he was arrested in June in the Czech Republic.

Persons: Nikhil Gupta, Gupta, Gurpatwant Singh Pannun, Pannun —, Hardeep Singh, DEA spokespeople Organizations: Department, Associated Press, Justice Department, Prosecutors, Drug, Administration, DEA, FBI, British Columbia, Investigators, U.S Locations: Indian, U.S, New York City, Manhattan, Punjab, Czech Republic, New York, Canada, British

☆ India's race to overtake China will intensify after Modi's reelection because they have the same obsession, analyst says
▼ + stars: | 2024-06-09 | by ( Huileng Tan | ) www.businessinsider.com time to read: +5 min

Read previewIndian Prime Minister Narendra Modi this week secured a historic third term in office — and it's likely to intensify India's economic rivalry with China. Both India and China will be focused on manufacturingTo reach its goal, Modi's India will likely be going big on manufacturing. Companies are diversifying their operations outside China to avoid over-relying on one country, and India is aiming to be the new China. AdvertisementIndia's foreign policy toward China is unlikely to change following Modi's re-election, Ivan Lidarev, an Asian security scholar at King's College London, told Channel NewsAsia. "I think India has strived to position itself as a leader of the global south, and of course, China wants this position," added Lidarev.

Persons: —, Narendra Modi, David Lubin, Modi, Xi Jinping, Bharat, Lubin, Raghuram Rajan, NPR's, Rajan, It's, William Lai's, Mao Ning, Ivan Lidarev Organizations: Service, London, Business, South, Central Bank of India, EV, King's College London, West Locations: —, China, Asia, India, Vietnam, Bangladesh, Malaysia, Delhi, Taiwan, Beijing

☆ CNBC's Inside India newsletter: Will AI make or break India?
▼ + stars: | 2024-05-02 | by ( Ganesh Rao | ) www.cnbc.com time to read: +9 min

But one that could foreshadow India's growth story. Can Teleperformance's stock plunge be the canary in the coal mine for what is likely to happen to India because of AI? But it's likely to be a blip for India's growth trajectory, given the macro forces at play. Besides creating jobs that are less likely to be immediately disrupted by AI, India could also be a net beneficiary of artificial intelligence. The Indian stock market indexes, Sensex and Nifty 50 , are heading for a positive week again — up by 1% and 1.2%, respectively.

Persons: Findlay Kember, Klarna, ChatGPT, K Krithivasan, Krithivasan, Narendra Modi, It's, Shilan Shah, Goldman Sachs, Vinay Dwivedi, Ashok Gulati, Nomura, League Pickleball, Karine Jean, Pierre, Jerome Powell, Raghuram Rajan, Ashish Jain, CNBC's Ayushi Jindal Organizations: AFP, Getty, India's Tata Consultancy Services, Financial Times, TCS, World Bank, International Monetary Fund, University of Oxford, Capital Economics, Investment, Nomura, Qualcomm, Powerchip Semiconductor Manufacturing, UPI, India, Commission, Agricultural, United Pickleball Association, Global Sports, PPA, League, Washington Post, White, U.S ., Federal, CNBC, Reserve Bank of India, University of Chicago Booth School of Business Locations: Swedish, Paris, India, Chennai, U.S, Europe, China, Singapore, South Korea, Canada, United States

☆ Qatar Frees Eight Indians Arrested in 2022 - India Government
▼ + stars: | 2024-02-11 | by ( Feb. | At P.M. | ) www.usnews.com time to read: +1 min

(Reuters) - Qatar has released eight Indian ex-naval officers after dropping death sentences imposed on them last year, India's foreign ministry said on Monday. The eight men, who were condemned to death in October, had been accused of spying for Israel, according to sources, though India and Qatar did not confirm the charges. "We appreciate the decision by the Amir of the State of Qatar to enable the release and home-coming of these nationals," the ministry said, adding that seven out of the eight have returned to India. The eight Indian nationals, who were working on a submarine project with a private company for the Qatari authorities, were arrested in 2022. War in Israel and Gaza View All 206 ImagesMore than 800,000 Indian citizens live and work in Qatar, which is also a significant provider of natural gas for India.

Persons: Amir, Shivani Tanna, Sonali Paul Organizations: Reuters, Qatari Locations: Qatar, Israel, India, State, Gaza, Bengaluru

☆ India to Replace Troops in Maldives With Civilians by May
▼ + stars: | 2024-02-03 | by ( Feb. | At A.M. | ) www.usnews.com time to read: +2 min

The roughly 80 soldiers stationed in the Indian Ocean archipelago will be replaced by civilians, officials from both countries said. As global powers jostle for influence in the Indo-Pacific region, India and China have wooed the Maldives, which has traditionally been close to neighbour India. New Delhi's ties with Male have under strain since Mohamed Muizzu was elected president of the Maldives last year, pledging to end the country's "India First" policy. The Indian troops manage those operations. The next bilateral meeting will be in Male in the last week of February, the Maldives foreign ministry said.

Persons: Krishn Kaushik, Mohamed Junayd NEW, Mohamed Muizzu, Mohamed Junayd, William Mallard Organizations: May, Maldivian Foreign Ministry, Dornier Locations: Mohamed Junayd NEW DELHI, India, Maldives, China, New Delhi, Delhi

The official told Gupta - who the prosecutors described as an Indian national involved in drugs and weapons trafficking - about a "target" in New York. The official wanted Gupta to orchestrate the target's murder, in exchange for getting criminal charges against him in India dropped. While prosecutors have not identified the alleged victim, a senior administration official told Reuters it was Gurpatwant Singh Pannun, a New York-based lawyer who leads a separatist group called Sikhs for Justice. U.S. prosecutors did not name the Indian official, who they described as a government employee responsible for intelligence and security matters. "We are all counting on you," Gupta told the purported hitman in a video call on June 12.

Persons: Nikhil Gupta, Gupta, Gurpatwant Singh Pannun, Pannun, Narendra Modi's, Gupta's, Jake Sullivan, Hardeep Singh Nijjar, Nijjar, Modi, Joe Biden, Justin Trudeau, Luc Cohen, Krishn Kaushik, Trevor Hunnicut, Heather Timmons Organizations: U.S . Department of Justice, Indian, Reuters, Justice, Administration, Manhattan, National Security, U.S, White, Canadian, Thomson Locations: Manhattan, New York City, U.S, DELHI, Indian, New York, India, India's Gujarat, United States, Washington, New Delhi, Vancouver, Prague, Delhi

☆ India Concerned About Govt Official Being Linked to US Murder Plot
▼ + stars: | 2023-11-30 | by ( Nov. | At A.M. | ) www.usnews.com time to read: 1 min

NEW DELHI (Reuters) - An Indian government official being linked to a plot to murder a U.S. national is a matter of concern, India's foreign ministry spokesperson said on Thursday, adding that any such plot is not the government's policy.

Organizations: Indian Locations: DELHI, U.S

Prosecutors did not name the Indian official or the target, although they did describe the latter as a U.S. citizen of Indian origin. The Indian official is described in the related indictment as a "senior field officer" with responsibilities in "security management" and "intelligence" employed by the Indian government who "directed the plot from India." It was a "matter of concern" that an Indian government official was linked to the plot, foreign ministry spokesperson Arindam Bagchi said on Thursday, adding, "This is also contrary to government policy." 'WE HAVE SO MANY TARGETS'According to U.S. prosecutors, the Indian official recruited Gupta in May 2023 to orchestrate the assassination. The groups have kept alive the movement for Khalistan, or the demand for an independent Sikh state to be carved out of India.

Persons: Nikhil Gupta, Gurpatwant Singh Pannun, Gupta, Hardeep Singh Nijjar, Damian Williams, Biden, Bill Burns, Narendra Modi, Jake Sullivan, Antony Blinken, National Intelligence Avril Haines, Arindam Bagchi, Bagchi, Adrienne Watson, credibly, Pannun, Nijjar, Luc Cohen, Krishn Kaushik, Shivam Patel, Jeff Mason, David Brunnstrom, Heather Timmons, Clarence Fernandez Organizations: U.S . Department of Justice, Indian, U.S . Justice, New, New York City, Prosecutors, Biden, National, National Intelligence, White House National Security Council, Reuters, Administration, Air, Air India Boeing, Thomson Locations: Manhattan, New York City, U.S, New York, India, United States, Canada, Czech, Vancouver, New Delhi, China, Air India, Washington

☆ Afghan embassy in India shuts down citing lack of support, Taliban pressure
▼ + stars: | 2023-11-24 | by ( ) www.reuters.com time to read: +2 min

People are seen outside the Afghanistan embassy in New Delhi, India, September 29, 2023. An embassy statement posted on X, formerly known as Twitter, on Friday said that period in limbo was over, and the embassy was shutting and the keys had been given to the host government. "Given the constant pressure from both the Taliban and the Indian government to relinquish control, the embassy faced a difficult choice," the statement added. Afghan diplomats in India appointed by Ghani's government have reached third countries and there are none remaining in India, the embassy statement said. "The only individuals present in India are diplomats affiliated with the Taliban, visibly attending their regular online meetings," the statement said.

Persons: Anushree, Farid Mamundzay, Mamundzay, Shivam Patel, Simon Cameron, Moore Organizations: REUTERS, Taliban, Thomson Locations: Afghanistan, New Delhi, India, DELHI, Europe, U.S, Mumbai

REUTERS/Evelyn Hockstein/File Photo Acquire Licensing RightsWASHINGTON/NEW DELHI, Nov 22 (Reuters) - The United States is treating a reported plot to kill a Sikh separatist on American soil with utmost seriousness and has raised the issue with the Indian government "at the senior-most levels," the White House said on Wednesday. The Financial Times reported, citing unnamed sources, that U.S. authorities thwarted a plot to kill a Sikh separatist in the United States and issued a warning to India over concerns the government in New Delhi was involved. It stated he threatened in video messages to not let Air India operate anywhere in the world. The case comes against the historical backdrop of a bombing in 1985 of an Air India aircraft flying from Canada to India that killed 329, and for which Sikh militants were blamed. Pannun told Reuters on Tuesday that his message was to "boycott Air India not bomb."

Persons: Joe Biden, Narendra Modi, Evelyn Hockstein, Gurpatwant Singh Pannun, Hardeep Singh Nijjar, Pannun, Adrienne Watson, Biden, Arindam Bagchi, Bagchi, Hardeep Singh, Shivam Patel, Krishn Kaushik, Jeff Mason, David Brunnstrom, Andrew Goudsward, Andrew Heavens, Alex Richardson, Alistair Bell Organizations: India's, White, REUTERS, WASHINGTON, Financial Times, Air India, Indian, Washington, FBI, U.S . Justice, India's National Investigation Agency, Sikh, Reuters, Air, Justice, Thomson Locations: Washington , U.S, DELHI, United States, India, New Delhi, Canada, Vancouver, U.S, New York, Air India

☆ U.S. thwarts plot to kill Sikh separatist, issues warning to India - FT
▼ + stars: | 2023-11-22 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Evelyn Hockstein/File Photo Acquire Licensing RightsNEW DELHI, Nov 22 (Reuters) - U.S. authorities thwarted a plot to kill a Sikh separatist in the United States and issued a warning to India over concerns the government in New Delhi was involved, the Financial Times reported on Wednesday, citing unnamed sources. The Financial Times said that the sources did not say if the protest to India resulted in the plot being abandoned by the plotters, or if it was foiled by the Federal Bureau of Investigation (FBI). Apart from the diplomatic warning to India, U.S. federal prosecutors have also filed a sealed indictment against at least one suspect in a New York district court, the FT report said. Pannun, like Nijjar, is a proponent of a decades-long, but now a fringe demand to carve out an independent Sikh homeland from India named Khalistan. The Financial Times report mentioned that the U.S. shared details of the thwarted plot with a wider group of allies after Canada's public accusation.

Persons: Joe Biden, Narendra Modi, Evelyn Hockstein, Hardeep Singh Nijjar, Gurpatwant Singh Pannun, Pannun, Shivam Patel, Krishn Kaushik, Andrew Heavens, Alex Richardson Organizations: India's, White, REUTERS, Financial Times, U.S, Federal Bureau of Investigation, Indian, Khalistan, Reuters, Thomson Locations: Washington , U.S, DELHI, United States, India, New Delhi, Canada, Vancouver suburb, U.S, New York, Canadian

WASHINGTON (AP) — The U.S. has thwarted a plot to kill Sikh separatist leader Gurpatwant Singh Pannun on American soil, a U.S. official familiar with the matter said Wednesday. The official declined to comment on when or how U.S. officials became aware of the plot as well as how the alleged assassination attempt was derailed. The FBI is investigating the matter, the official said. Political Cartoons View All 1265 ImagesThe thwarted assassination plot was first reported by the Financial Times, which said the U.S. informed some allies of the alleged plot. The statement described the information as a “cause of concern for both countries” and said India takes it seriously.

Persons: Gurpatwant Singh Pannun, Spokespeople, Justin Trudeau, Hardeep Singh, Adrienne Watson, “, Eric Tucker Organizations: WASHINGTON, U.S, FBI, Justice, Canadian, Financial Times, AP, Government, Indian, National Security, Associated Press Locations: New Delhi, Hardeep Singh Nijjar, India, Canada, Indian, U.S, Indian Government, Washington

☆ Myanmar rebels seek to control border with India after early wins
▼ + stars: | 2023-11-14 | by ( ) www.reuters.com time to read: +5 min

Dozens of rebels battled the Myanmar military from dawn to dusk on Monday to overrun two camps abutting India's Mizoram state, as part of a widening offensive against the junta-led administration, Chin National Front (CNF) Vice Chairman Sui Khar said. Following the battle, 43 Myanmar soldiers surrendered to Indian police and are currently sheltering in Mizoram, local police official Lalmalsawma Hnamte said. "Whether they will be pushed back or not, we are waiting for further instructions from the central government," he told Reuters. Chin rebels will now look to consolidate their control along the India-Myanmar border, where the Myanmar military has two more camps, Sui Khar said. A Rathedaung resident told Reuters on Tuesday the area came under artillery fire overnight and that military soldiers had entered the town.

Persons: Sui Khar, Kyaw Naing, Lalmalsawma Hnamte, Chin, Nobel, Aung, Suu Kyi, Krishn Kaushik, Kanupriya Kapoor, Devjyot, Michael Perry, Raju Gopalakrishnan Organizations: REUTERS, Chin, Myanmar's, Myanmar National Democratic Alliance Army, Reuters, Human Rights Organization, Myanmar, Arakan Army, Artillery, Thomson Locations: Myanmar, India, Farkawn, Mizoram, Myanmar's Shan, Kayah, Rakhine, Chin, Rakhine's, Myanmar's Chin, India's Mizoram, China, Shan State, Sittwe, Rathedaung, Minbya, Suu, MIZORAM, DELHI

☆ India, US begin talks to boost partnership amid 'global challenges'
▼ + stars: | 2023-11-10 | by ( ) www.reuters.com time to read: +3 min

"Defence remains one of the most important pillars of our bilateral relationship," Singh said in opening remarks at the meeting. "In spite of various emerging geopolitical challenges, we need to keep our focus on important and long-term issues." Austin said it was more important than ever that the world's two largest democracies exchange views, find common goals, and deliver for our people, "in the face of urgent global challenges". "Together we have been taking very concrete steps to deliver on the vision that our two leaders put forward," Blinken said. Jaishankar said the dialogue would help build "a forward-looking partnership while we construct a shared global agenda".

Persons: Antony Blinken, Lloyd Austin, Subrahmanyam Jaishankar, Rajnath Singh, Friday's, Singh, Austin, Narendra Modi's, Joe Biden's, Blinken, Jaishankar, Biden's, Xi Jinping, YP Rajesh, Raju Gopalakrishnan Organizations: India's, Defense, Ministry of Foreign Affairs, Swaraj Bhavan, Indian, Defence, Economic Cooperation, YP, Thomson Locations: DELHI, India, United States, Washington, Gaza, Ukraine, South Asia, New Delhi, Japan, Australia, China, Asia, San Francisco . India, Delhi, Russia

U.S. Secretary of State Antony Blinken speaks during a press conference after participating in G7 ministerial meetings in Tokyo, Japan, November 8, 2023. REUTERS/Jonathan Ernst/Pool Acquire Licensing RightsNEW DELHI/WASHINGTON, Nov 8 (Reuters) - U.S. Secretary of State Antony Blinken and Defense Secretary Lloyd Austin will hold talks with India this week that officials say will focus on security challenges in the Indo-Pacific and concerns over China, rather than the wars in Gaza and Ukraine. U.S. officials were moving swiftly to deepen ties with India while pledging support for an investigation into the June killing on Canadian soil, an American official aware of the Indo-Pacific policy said. Both officials spoke on condition of anonymity as they were not authorised to speak to the media. India's ties with the U.S. have grown steadily stronger on several fronts, and it has close strategic links with Israel.

Persons: Antony Blinken, Jonathan Ernst, Lloyd Austin, Subrahmanyam Jaishankar, Rajnath Singh, Narendra Modi's, Joe Biden's, Xi Jinping, Rick Rossow, Rossow, Krishn Kaushik, David Brunnstrom, Trevor Hunnicutt, YP Rajesh, Simon Cameron, Moore Organizations: REUTERS, Officials, Ottawa, Indian, Economic Cooperation, Asia Society, South, U.S, Washington’s Center, Strategic, International Studies, Biden, YP, Thomson Locations: Tokyo, Japan, DELHI, WASHINGTON, India, China, Gaza, Ukraine, New Delhi, Canada, Washington, Asia, San Francisco, South Asia, Israel, Delhi, Russia, Washington and New Delhi, Myanmar, Maldives, Sri Lanka, Nepal

☆ India rupee to rally after data reaffirms Fed done with rate hikes
▼ + stars: | 2023-11-06 | by ( Nimesh Vora | ) www.reuters.com time to read: +2 min

MUMBAI, Nov 6 (Reuters) - The Indian rupee is expected to rise at open on Monday after softer-than-expected U.S. jobs data reinforced expectations that the Federal Reserve will not hike interest rates further. Non-deliverable forwards indicate the rupee will open at around 83.08-83.12 to the U.S. dollar compared with 83.2850 in the previous session. Asian currencies extended last week's advance after the dollar index slumped on Friday following data that indicated that the U.S. labor market was cooling. "Last week’s Fed meeting and latest data flow suggest the rate hike cycle is most likely over. "It's to be fully expected that the rupee will underperform in times when the dollar is under stress," the forex trader said.

Persons: Nimesh Vora, Mrigank Organizations: Federal Reserve, U.S, Reuters, Treasury, Fed, DBS Research, Korean, Malaysian, Reserve Bank of, Brent, Thomson Locations: MUMBAI

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