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Adani says to withdraw from wind power projects in Sri Lanka

COLOMBO, Feb 13 (Reuters) – Adani Green Energy said it will withdraw from two proposed wind power projects in Sri Lanka, according to a letter sent by the company to a Sri Lankan government agency. The Sri Lankan government said last month it has started talks with the Adani Group to lower the cost of power from the projects estimated to cost a total of $1 billion. “It was learnt that another Cabinet appointed negotiations committee and Project Committee would be constituted to renegotiate the project proposal,” the company wrote in a letter, a copy of which was seen by

Markets rebound in early trade after 6-day slump

Mumbai, Feb 13 (PTI) Equity benchmark indices Sensex and Nifty rebounded in early trade on Thursday following a better-than-expected decline in CPI inflation in January and value-buying at lower levels. The 30-share BSE benchmark Sensex climbed 214.08 points to 76,385.16 in early trade. The NSE Nifty rallied 69.8 points to 23,115.05. From the 30-share blue-chip pack, Kotak Mahindra Bank, Mahindra & Mahindra, Zomato, Bajaj Finserv, Bajaj Finance and Tata Steel were the biggest gainers. Tech Mahindra, Titan, IndusInd Bank, Tata Consultancy Services, HCL Tech and Tata Motors were among the laggards. Continuing the downward trend, retail inflation fell to a

Rupee rises 14 paise to 86.81 against US dollar in early trade

Mumbai, Feb 13 (PTI) The rupee climbed 14 paise to 86.81 against the US dollar in early trade on Thursday on the back of easing American currency and receding crude oil prices overseas. The local unit, which was under pressure due to unending foreign fund withdrawal, found support due to some recovery in domestic equity markets triggered by the better-than-expected inflation data that was released by the government on Wednesday, forex traders said. At the interbank foreign exchange, the rupee opened stronger at 86.82 and gained further ground to trade at 86.81 against the greenback during early deals, registering a

Modi is meeting with Trump in a visit meant to boost the US-India relationship and avoid tariffs

WASHINGTON, February 13, 2025 (AP) — President Donald Trump is meeting Thursday with Indian Prime Minister Narendra Modi, who has heaped praise on him and is hoping to avoid tariffs that the new administration has slapped on other countries in its opening weeks. Modi is a nationalist and has talked up his warm relationship with Trump during his first term while cheering his winning back the White House. The Indian leader is looking to improve relations with Washington and the West overall, which have been frosty lately after Modi refused to condemn Russia for its war on Ukraine. The trip

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