By Krishna N. Das and Saurabh Sharma ALIGARH, India (Reuters) – A Hindu group closely linked to Indian Prime Minister Narendra Modi is installing Muslims loyal to it in leadership…
By Arpan Chaturvedi and Aditya Kalra NEW DELHI (Reuters) – Indian investigators are seeking to restart a probe into Adani Group for alleged overvaluation of coal imports and have asked…
By Siddhi Nayak, Jaspreet Kalra and Shivangi Acharya MUMBAI/NEW DELHI (Reuters) – India’s central bank is nudging local banks to ask their clients to settle trade between the United Arab…
By Shivangi Acharya, Aditi Shah and Aftab Ahmed NEW DELHI (Reuters) – India and Britain are struggling to make progress in free trade talks due to differences on some key…
By Aftab Ahmed and Swati Bhat NEW DELHI/MUMBAI (Reuters) – India and Russia have suspended efforts to settle bilateral trade in rupees, after months of negotiations failed to convince Moscow…
By Tim Hepher and Aditi Shah NEW DELHI (Reuters) – Plane giants Airbus and Boeing face mounting pressure to set up jetliner plants in India, after the country’s civil aviation…
By Shivangi Acharya, Aftab Ahmed and Neha Arora NEW DELHI (Reuters) – India has asked banks and traders to avoid using Chinese yuan to pay for Russian imports, three government…
By Krishna N. Das NEW DELHI (Reuters) – India may issue an alert on cough syrup exported by Marion Biotech, whose products have been linked to deaths in Uzbekistan, after…
By Shubham Batra and Nikunj Ohri New Delhi (Reuters) – India’s federal government is likely to keep its gross market borrowing below 16 trillion rupees ($196 billion) for 2023/24 as…
By Aditya Kalra NEW DELHI (Reuters) – Indian authorities have demanded $244 million from the local unit of French spirits giant Pernod Ricard for undervaluing concentrate imports for over a…
By Aftab Ahmed NEW DELHI (Reuters) – India’s government is in no hurry to push inflation – now hovering near 7% and eight-year highs – back to the central bank’s…
By Swati Bhat and Aftab Ahmed MUMBAI/NEW DELHI -India’s central bank is prepared to sell a sixth of its foreign exchange reserves to defend the rupee against a rapid depreciation…
By Aftab Ahmed NEW DELHI – The Indian government is considering spending an additional 2 trillion rupees ($26 billion) in the 2022/23 fiscal year to cushion consumers from rising prices…
By Aditya Kalra and Munsif Vengattil NEW DELHI – Indian tax officials froze $478 million worth of deposits lying in local bank accounts of China’s Xiaomi Corp in February as…
By Aditya Kalra and Abhirup Roy NEW DELHI – India’s antitrust body is investigating the trustee units of State Bank of India, Axis Bank and IDBI Bank for suspected collusion…
By Aftab Ahmed and Manoj Kumar NEW DELHI -State-run Life Insurance Corporation of India’s (LIC) embedded value has been finalised at more than 5 trillion rupees ($66.82 billion), a government…