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MUMBAI, India (AFP) – Indian industrialist Gautam Adani briefly became the world’s second-richest person on the Forbes real-time billionaire tracker on Friday, weeks after becoming the first Asian to break into the top three. The self-made billionaire’s net worth surged $4 billion overnight to $154 billion, according to Forbes, ranking him ahead of LVMH’s Bernard Arnault and Amazon’s Jeff Bezos. Tesla founder Elon Musk remained well out in front with a fortune of more than […]
MANILA, Philippines (AFP) — A consortium that includes India’s GMR Group is selling its business developing and operating the Philippines’ second-largest airport for 25 billion pesos ($440.2 million), its Filipino partner announced Friday. The consortium of GMR Group and the Philippines’ Megawide Construction Corp will sell its interests to operate the Mactan-Cebu International Airport to Aboitiz InfraCapital Inc, a unit of a family-owned conglomerate. Megawide said in a disclosure to the local stock exchange […]
SHIMLA, India (AFP) — At least 15 people were killed in India after heavy monsoon rains triggered flash floods and landslides near the Himalayan foothills, authorities said Saturday. Flooding and landslides are common and cause widespread devastation during India’s treacherous monsoon season. Experts say climate change is increasing the number of extreme weather events around the world, with damming, deforestation and development projects in India exacerbating the human toll. Rescue officials were rushed to […]
by Aishwarya KUMAR Agence France-Presse NEW DELHI, India (AFP) — India marked the 75th anniversary of independence on Monday with Prime Minister Narendra Modi giving a speech from Delhi’s historic Red Fort, which was decorated with portraits of freedom fighters and guarded by mechanical elephants. Following a 21-gun salute, reportedly executed using howitzers made domestically for the first time under Modi’s “Make In India” industrial strategy, the prime minister said Indians should shed “colonialism in […]
by Glenda Kwek with Udita Jhunjhunwala Agence France-Presse MUMBAI, India (AFP) — One of India’s biggest stars is banking on a remake of Hollywood feelgood hit “Forrest Gump” to revive the fortunes of Hindi-language Bollywood, after a string of weak box-office showings. Aamir Khan’s “Laal Singh Chaddha”, an adaptation of the 1994 US classic starring Tom Hanks, hits cinemas on Thursday ahead of India’s 75th independence celebrations. Disappointing takings for other Bollywood A-listers have cast […]
by Aishwarya KUMAR Agence France Presse NEW DELHI, India (AFP) — Indian authorities reported Asia’s first possible monkeypox fatality on Monday after the death of a man who recently returned from United Arab Emirates testing positive. Kerala state’s health ministry said tests on the 22-year-old “showed that the man had monkeypox”. Three monkeypox-related fatalities have so far been reported outside Africa in an outbreak that the World Health Organization has declared a global health […]
MUMBAI, India (AFP) — The Indian rupee fell to more than 80 per US dollar for the first time on record Tuesday, as the greenback extended its rally and foreign capital outflows intensified. The rupee hit 80.0600 against the greenback soon after trading started, compared with the previous close of 79.9775, Bloomberg data showed. High inflation and rising interest rates in the United States coupled with fears of an impending recession in the world’s biggest […]
NEW DELHI, India (AFP) — India’s parliament began voting Monday for a new president, with a female politician from the country’s marginalised tribal community the favourite for the post. Droupadi Murmu, from the Santhal tribe, has been nominated by Prime Minister Narendra Modi’s ruling Bharatiya Janata Party for the largely ceremonial position. If elected, she would be India’s first tribal president and second female president. The incumbent, Ram Nath Kovind, is the country’s second […]
NEW DELHI, India (AFP) — India has reported its first confirmed case of monkeypox after a 35-year-old man with a history of travel to the Middle East showed symptoms, officials said. The federal government rushed a multi-disciplinary team to the southern state of Kerala in view of the confirmed case of monkeypox there, according to an official statement. The man, who travelled from the United Arab Emirates to Kerala on Tuesday, was in stable condition […]
NEW DELHI, India (AFP) — Indian authorities Wednesday accused Chinese smartphone maker Oppo of evading customs duty worth $551 million, the latest tech company from China to face scrutiny by local investigative agencies. India’s Directorate Of Revenue Intelligence (DRI) found evidence that Oppo wrongfully used duty exemptions for items imported for use in mobile phone production, a government statement said. DRI officials searched Oppo India offices and key managers’ residences, it said, and recovered […]
by Bhuvan BAGGA Agence France Presse NEW DELHI, India (AFP) — India imposed a ban on many single-use plastics on Friday in a bid to tackle waste choking rivers and poisoning wildlife, but experts say it faces severe headwinds from unprepared manufacturers and consumers unwilling to pay more. The country generates around four million tonnes of plastic waste per year, about a third of which is not recycled and ends up in waterways and landfills […]
MUMBAI, June 28, 2022 (AFP) At least 19 people were killed when monsoon rains caused a four-storey building to collapse in the Indian megacity of Mumbai, authorities said Tuesday. The structure — located next to a slum in a central city district — collapsed just before midnight on Monday, according to local officials. Fourteen people had been rescued by Tuesday evening but emergency workers retrieved 19 bodies from the rubble. “Search and rescue operations are […]
