Unilever’s dominance in India helps it raise prices, pinching rural poor
By Richa Naidu and Aditya Kalra LONDON/NEW DELHI (Reuters) – Unilever racked up strong sales growth in India last year on the back of sharp …
india
India may peg nominal GDP growth at about 11% in 2023/24 budget- sources
By Shubham Batra and Aftab Ahmed (Reuters) – India is likely to peg its nominal gross domestic product (GDP) growth at around 11% in the …
India govt switches bonds with cenbank in a cash-neutral deal
MUMBAI (Reuters) – The Indian government bought back bonds maturing in 2024 from the Reserve Bank of India on Tuesday, while also issuing bonds maturing …
India revives network of village guards in Kashmir after militant attack
By Fayaz Bukhari SRINAGAR (Reuters) – India is reviving a network of thousands of village guards in Jammu and Kashmir, including arming some with automatic …
China’s BYD to launch luxury electric sedan in India this year
By Praveen Paramasivam and Aditi Shah GREATER NOIDA, India (Reuters) – BYD will launch its third passenger electric vehicle in India by the fourth quarter …
World Bank sees India growth slowing to 6.6% in FY24
MUMBAI (Reuters) – India’s economic growth will slow to 6.6% in the next fiscal year from an expected 6.9% in the current year, the World …
Analysis-Fall in India nominal GDP growth in FY24 to challenge fiscal math
By Ira Dugal MUMBAI (Reuters) – India’s nominal GDP growth is likely to fall in 2023-24, hurting tax collections and putting pressure on the federal …
Google alleges India antitrust body copied parts of EU order on Android abuse
By Aditya Kalra and Munsif Vengattil NEW DELHI (Reuters) – Google has told a tribunal in India that the country’s antitrust investigators copied parts of …
Air India jumbo order includes 190 Boeing MAX, 30 787s -sources
By Tim Hepher and Aditi Shah LONDON/NEW DELHI (Reuters) – Air India is close to a deal to order more than 200 Boeing jets including …
India rupee settlement mechanism draws interest from more nations
By Nikunj Ohri and Shivangi Acharya (Reuters) – India’s rupee trade settlement mechanism, a means of using rupees instead of dollars and other big currencies …
India inflation likely softened to nine-month low in November: Reuters poll
By Anant Chandak and Milounee Purohit BENGALURU (Reuters) – India consumer price inflation likely cooled to a nine-month low of 6.40% in November mainly due …
India foodgrain subsidy bill to surge 30% to $33 billion this year – source
By Nikunj Ohri New Delhi (Reuters) – India’s spending on subsidised foodgrain to the poor may rise to 2.7 trillion rupees ($32.74 billion) this fiscal …
India shared a list of products with Moscow for access to Russian market – minister
NEW DELHI (Reuters) -India gave a list of Indian products to Moscow for access to Russian markets, Foreign Minister Subrahmanyam Jaishankar said on Monday, as …
India economy likely to grow 6.5%-7% next fiscal year -govt adviser
By Shivangi Acharya NEW DELHI (Reuters) – The Indian economy is likely to grow 6.5% to 7% next fiscal year if the global environment does …
India Nov factory activity hits 3-month high as inflation cools
By Anant Chandak BENGALURU (Reuters) – India’s factory activity expanded at its fastest pace in three months in November, a private survey showed on Thursday, …
China wants US not to interfere in ties with India – Pentagon
By Krishna N. Das NEW DELHI (Reuters) – China has warned the United States to not interfere in its relationship with India following deadly border …
India annual GDP growth to slow in Sept quarter as COVID effect fades
By Aftab Ahmed NEW DELHI (Reuters) – Annual growth in the Indian economy likely slowed in the July-September quarter as COVID distortions faded, economists said …
India, UAE central banks discuss rupee-dirham trade prospects -official
By Shivangi Acharya NEW DELHI (Reuters) – The central banks of India and the United Arab Emirates are discussing a potential mechanism to trade in …
India forms panel to revamp only govt job guarantee scheme – source
By Shivangi Acharya NEW DELHI (Reuters) – India’s federal rural development ministry has formed a panel to revamp its only job guarantee scheme in the …
India says falling commodity prices to ease inflationary pressures
By Nikunj Ohri and Shivangi Acharya NEW DELHI (Reuters) – India’s inflation is likely to ease in the coming months, partly due to fall in …
India expects bilateral trade with Australia to exceed $45 billion in 5 years
NEW DELHI (Reuters) – India expects total bilateral trade with Australia of around $45 billion to $50 billion over the next 5 years, a trade …
Sovereign investors favour U.S., India as top 2022 investment markets – study
LONDON (Reuters) – India has emerged as the second most coveted investment market after the United States for sovereign wealth funds and public pensions funds …
Air India in talks with Airbus, Boeing to buy planes, says CEO
NEW DELHI (Reuters) – Tata Group-owned Air India is in talks with Boeing and Airbus about ordering new aircraft and is meeting its immediate needs …
Meta’s India public policy chief, WhatsApp’s India boss quit
NEW DELHI (Reuters) -WhatsApp’s India head Abhijit Bose and Meta Platforms Inc’s public policy director in India Rajiv Aggarwal have resigned, a Meta spokesperson said …
British officials likely to visit India next month for FTA talks – sources
By Shivangi Acharya NEW DELHI (Reuters) – British officials are likely to visit India in December with the aim of concluding talks on a free …
Pfizer’s India arm posts profit jump on lower costs, price hikes
BENGALURU – Pfizer Ltd, the Indian arm of U.S. pharma giant Pfizer Inc, reported a rise in second-quarter profit on Friday, boosted by price hikes …
Yellen to travel to India, G20 summit as forum struggles with Ukraine war
By David Lawder WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen will travel to India and the Group of 20 Summit in Indonesia next week …
Nepal’s Oli vows balanced ties with China, India if returned to power
By Gopal Sharma KATHMANDU (Reuters) – Nepal’s main communist opposition party will balance the Himalayan nation’s ties with neighbours China and India for mutual benefit …
India cenbank’s monetary committee discusses report on inflation target miss
By Swati Bhat MUMBAI (Reuters) – The Reserve Bank of India’s monetary policy committee met on Thursday to discuss the bank’s report to the government …
India PM Modi’s home state of Gujarat goes to polls next month
By Sudipto Ganguly MUMBAI (Reuters) – Indian Prime Minister Narendra Modi’s home state of Gujarat will go to the polls next month, the election commission …
Barclays builds up Asia business, sees growth in India and Australia
By Anshuman Daga and Yantoultra Ngui SINGAPORE (Reuters) – Barclays Plc, which recently made big investments in India and Australia and set up a Taiwan …
India cenbank to start pilot of digital rupee on Nov 1
BENGALURU (Reuters) – The Reserve Bank of India (RBI) will launch the pilot for a central-bank-backed digital rupee for the wholesale segment on Nov. 1, …
Britain prioritising India trade deal but can’t give timeline, minister says
By Krishna N. Das NEW DELHI (Reuters) – Britain is prioritising reaching a free-trade agreement with India, its foreign minister told Reuters on Saturday in …
Tata and Airbus to make defence aircraft in India in local manufacturing push
NEW DELHI (Reuters) -India’s Tata group and Airbus will make the C-295 transport aircraft in the country, the government said on Thursday, the first such …
Russia’s Sberbank opens ‘vostro’ rupee accounts at India branches
MOSCOW (Reuters) – Russia’s dominant lender Sberbank is offering clients “vostro” accounts in rupees at its branches in India, aiming to facilitate clients in carrying …
India says Pernod delaying $244 million tax demand probe
By Abhirup Roy and Aditya Kalra MUMBAI (Reuters) – Indian authorities have asked a court to quash Pernod Ricard’s bid to halt proceedings related to …
JPMorgan names former Reliance M&A head as India investment banking chief
BENGALURU (Reuters) – JPMorgan Chase & Co said on Monday it named former Reliance Industries executive Navin Wadhwani as the head of its Indian investment …
India cenbank policymakers divided on future path of rates, meeting minutes show
By Swati Bhat and Sudipto Ganguly MUMBAI (Reuters) – The Reserve Bank of India’s monetary policy committee may lean more on data in deciding the …
India axes rule on Kashmir voting rights after political parties’ outcry
By Fayaz Bukhari SRINAGAR, India (Reuters) – India scrapped on Thursday a rule granting voting rights to new residents of its Jammu and Kashmir region …
Volatile food prices led to India cenbank missing inflation forecasts – economists
By Anushka Trivedi MUMBAI (Reuters) – India’s central bank has been consistently missing its inflation projections over the last two and half years mainly due …
Stellantis opens software hub in India to support digital strategy
MILAN (Reuters) – Carmaker Stellantis said on Wednesday it had inaugurated a new software hub in Bengaluru, India, its second innovation centre in the country, …
SpaceX to seek permit for Starlink services in India – Economic Times
(Reuters) – Billionaire entrepreneur Elon Musk’s SpaceX is set to seek a permit to launch satellite internet services in India under its Starlink brand, becoming …
Toshiba India to supply batteries for EVage’s electric vans
BENGALURU (Reuters) – The Indian unit of Japan’s Toshiba will supply its SCiB rechargeable lithium-ion cells for 10,000 electric delivery vans made by Indian start-up …
India’s IT ministry says Apple AirPods to be made in India – CNBC TV18
NEW DELHI (Reuters) – Apple Inc’s wireless earphones AirPods will be manufactured in India, television channel CNBC TV18 reported on Monday, citing the country’s IT …
India cenbank likely to set cut-off yield for 2032 bond at 7.51%: Reuters Poll
MUMBAI (Reuters) – The Indian government is aiming to raise at least 280 billion Indian rupees ($3.40 billion) through the sale of bonds on Friday. …
India Sept services growth slumped to 6-month low on cooling demand -PMI
By Shaloo Shrivastava BENGALURU (Reuters) – Growth in India’s services industry slumped in September to a six-month low, led by a substantial easing in demand …
India Sept factory growth cooled to 3-month low as demand softens-PMI
By Anant Chandak BENGALURU (Reuters) – India’s factory growth dipped to a three-month low in September due to a moderation in demand and output, despite …
China’s Xiaomi says will protect business interests after assets frozen in India
MUMBAI (Reuters) – Chinese smartphone maker Xiaomi Corp on Sunday said it was “disappointed” with an Indian order that froze $682 million of its assets …
India defers tax levy on unblended, dirtier fuel amid rising prices
NEW DELHI (Reuters) – India has deferred the imposition of taxes on dirtier and unblended retail fuel at a time when it is trying to …
Mercedes says comprehensive trade deal with EU could make India an export hub
By Aditi Shah NEW DELHI (Reuters) – A comprehensive trade deal between India and the European Union could pave the way for Mercedes-Benz to produce …