Joe Biden Using U.S. Tax Dollars to Train Transgendered Community Leaders in India
The Biden administration wants to train at least 200 activists to advocate for transgender rights in India as part of a program ostensibly designed to advance America’s “national interests,” according to a…
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 said on Thursday, a vote that is…
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 subsidiary in July, is evaluating entering new…
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, it said on Monday, identifying nine banks,…
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 his first visit to the country, but…
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 production by a local private company amid…
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 out rupee-denominated trade transactions which are increasing…
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 a $244 million tax demand, accusing the…
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 banking business, under a slew of management…
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 key interest rate going ahead even as…
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 after widespread anger among political parties, who…
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 to extreme weather conditions that drove up…
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, focusing on cockpit and driver assistance technologies.…
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 the third company to apply for such…
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 EVage, the companies said on Tuesday. This…
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 ministry. The iPhone 14 will be manufactured…
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. The Reserve Bank of India will likely…
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 amid high inflation, a private survey showed.…
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 easing inflationary pressures and strong business confidence,…
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 and would continue to protect its interests.…
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 contain surging inflation, which is already above…
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 more cars in the South Asian nation,…
India falls short of FTSE Russell government bond index inclusion
(Reuters) – Global index provider FTSE Russell said India will remain on the watch list for inclusion in the FTSE Emerging Markets Government Bond Index (EMGBI), dashing market hopes that FTSE would…
Tata Motors launches $10,000 electric car in India to further its lead
By Aditi Shah NEW DELHI (Reuters) -Tata Motors launched India’s lowest priced electric car at a little over $10,000 on Wednesday as the country’s only electric vehicle (EV) maker looks to draw…
Samsung to lure 175 million existing India customers with cashback card
By Munsif Vengattil NEW DELHI (Reuters) – Samsung Electronics is targeting repeat purchases from its 175 million customers in India through a new cashback credit card, a senior executive said, a move…
India OIS curve may steepen on overcooked rate hike bets – BofA
MUMBAI (Reuters) – A part of India’s overnight indexed swaps curve, a gauge for future policy rates, may steepen as investors are pricing in a more hawkish-than-expected central bank stance, BofA Securities…
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