Reuters Asia

Afghanistan’s school year starts with calls for all girls to be allowed back

By Mohammad Yunus Yawar KABUL (Reuters) – Afghanistan’s school year started on Tuesday, the education ministry said, as the U.N. children’s agency renewed calls for teenage girls to be able to rejoin the classroom. A year ago, after signalling that they would open schools for all students, Taliban authorities made a U-Turn, leaving many girls …

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India’s Karnataka govt approves $968 million investment from Foxconn unit

BENGALURU (Reuters) – The southern Indian state of Karnataka has approved an 80 billion rupee ($967.91 million) investment in the state by a unit of Taiwan’s Foxconn. The investment will lead to the creation of 50,000 jobs, the government said in a statement on Monday. Foxconn, the world’s largest contract electronics manufacturer, has been in …

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Indian shares rise as financials rally on easing banking crisis fears

By Bharath Rajeswaran BENGALURU (Reuters) -Indian shares closed higher on Tuesday, as financials stocks rallied following a raft of measures to stabilise the global banking sector provided temporary relief. The Nifty 50 index closed 0.70% higher at 17,107.50, while the S&P BSE Sensex rose 0.77% to 58,074.68 in their biggest one-day gains since the collapse …

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FPIs net buyers of Indian stocks upto mid-March due to GQG’s Adani investment-NSDL data

By Bharath Rajeswaran BENGALURU (Reuters) – U.S. boutique investment firm GQG Partners’ $1.87 billion investment in four Adani Group companies in early March single-handedly helped foreign portfolio investors (FPI) record net purchases of Indian equities in the first half of the month. FPIs bought equities worth 125.75 billion rupees ($1.52 billion) between March 1 and …

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Indian banks’ dependence on AT1 bonds limited, some impact on pricing likely – analysts

MUMBAI (Reuters) -A decision to write down Credit Suisse’s additional tier-1 bonds to zero after the bank agreed to be bought by UBS will weigh on the pricing of such notes and spook investors, Citi analysts said on Tuesday. Indian lenders, however, have limited dependence on such securities, Jefferies said in a note. “Another instance …

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