US, UN express concern about India’s religion-based citizenship law
By Kanishka Singh WASHINGTON (Reuters) -The U.S. government and the United Nations on Tuesday expressed concerns about a contentious religion-based citizenship law in India, with the UN calling the legislation “fundamentally discriminatory…
India’s Zee tumbles 10% in pre-open after Sony scraps merger
BENGALURU (Reuters) – Shares of Indian broadcaster Zee Entertainment Enterprises plunged 10% in pre-open trade on Tuesday, a day after Japan’s Sony Group scrapped a $10 billion merger with the company, raising…
India’s retail inflation rises to four-month high in December on higher food prices
By Nikunj Ohri NEW DELHI (Reuters) -India’s annual retail inflation rose at the fastest pace in four months in December, driven by a rise in prices of some food items, raising expectations…
India’s Tamil Nadu in $4.4 billion deals with investors such as Tata, Pegatron
By Praveen Paramasivam CHENNAI (Reuters) -India’s southern state of Tamil Nadu has signed investment pacts worth more than $4.39 billion with firms such as Apple suppliers Tata Electronics and Pegatron, as well…
India’s services growth at three-month high in Dec on buoyant demand -PMI
By Shaloo Shrivastava BENGALURU (Reuters) – India’s services sector ended 2023 on a firm footing, with activity expanding at its fastest pace in three months in December on buoyant demand and an…
India’s current account gap narrows, BoP in surplus in Q2 FY24 – cenbank
By Swati Bhat MUMBAI (Reuters) -India’s current account deficit narrowed more than expected in the July-September quarter largely due to a lower merchandise trade deficit while services exports also grew, the central…
India’s economic adviser calls for review of sovereign ratings methods
NEW DELHI (Reuters) – The Indian government’s chief economic advisor called in a paper published on Thursday for reforms to the way credit ratings agencies assign sovereign ratings, saying their present methodologies…
India’s Flipkart to get $600 million from Walmart under new fundraise
BENGALURU (Reuters) – Indian e-commerce firm Flipkart’s biggest shareholder Walmart is set to infuse about $600 million in a new fundraise for the startup, a Flipkart spokesperson said on Thursday. Flipkart is…
India’s FY25 steel demand to be slower as elections loom – analysts, officials
By Neha Arora NEW DELHI (Reuters) – India’s steel demand will likely slow in the next financial year beginning March as a mammoth general election will delay government projects and infrastructure spending,…
India’s Nov wholesale prices rise after 7 months of decline
NEW DELHI (Reuters) -India’s wholesale price index in November rose 0.26% from a year earlier, returning to positive territory after seven months on higher food prices, government data showed on Thursday. The…
Global firms rush to buy Alipay’s stake in India’s Zomato
(Reuters) – Global money managers and banks ranging from Vanguard to Goldman Sachs as well as the Singapore government rushed to grab a slice of Zomato after Chinese payments group Alipay offloaded…
Dabur India’s two units dismissed as defendants in hair relaxer lawsuit in US
BENGALURU (Reuters) -Dabur India said on Wednesday a U.S. court had dismissed two of its three subsidiaries as defendants in a lawsuit tying the use of hair relaxer products to ovarian and…
India’s food inflation remains above ‘comfort’ level – official
NEW DELHI (Reuters) – Food inflation in India remains above New Delhi’s “comfort” level despite retail inflation easing in October, a government official said on Wednesday. India’s retail inflation eased in October…
India’s retail inflation eases to 4.87% in October
(Reuters) – India’s retail inflation eased in October on lower food prices, edging closer to the central bank’s medium-term target of 4%, which it has said would need to be firmly in…
India’s Hindu nationalist BJP seeks Muslim ‘friends’ for 2024 election
By YP Rajesh NEW DELHI (Reuters) – Nafis Ansari, a school principal who is Muslim, was enlisted this year by the ruling Hindu nationalist Bharatiya Janata Party (BJP) as a “Modi Mitr”,…
Dabur India’s units face lawsuits in US, Canada alleging products caused cancer
(Reuters) – Dabur India said on Wednesday its subsidiaries were among companies sued in the U.S. and Canada by customers alleging that the use of hair relaxer products had caused ovarian cancer,…
India’s September wholesale price index falls 0.26% y/y
NEW DELHI (Reuters) – India’s wholesale price index in September fell 0.26% from a year earlier, according to government data released on Monday. Economists polled by Reuters had estimated the wholesale price…
IMF raises India’s FY24 GDP growth forecast to 6.3% – report
MUMBAI (Reuters) -India’s economic growth forecast for the current fiscal year has been raised to 6.3% from 6.1% earlier, the International Monetary Fund said in its October 2023 World Economic Outlook (WEO)…
India’s services sector grew at faster pace in Sept, optimism at 9-year high
By Anant Chandak BENGALURU (Reuters) – Growth in India’s dominant services industry accelerated in September as already robust demand strengthened, according to a survey that also showed businesses were the most optimistic…
India’s retail inflation likely to ease by December – finance secretary
By Nikunj Ohri NEW DELHI (Reuters) – India’s retail inflation is likely to ease by December as seasonal factors become more favourable, Finance Secretary T V Somanathan told Reuters late on Tuesday.…
India’s factory growth eased in September but remained strong -PMI
BENGALURU (Reuters) – India’s factory activity expanded at the slowest pace in five months in September but remained solid, with strong demand driving business confidence to its highest level this year, despite…
Social media and private partnership: inside the changes at India’s space agency
By Nivedita Bhattacharjee BENGALURU (Reuters) – When the Indian Space Research Organization’s (ISRO) Chandrayaan-3 mission landed on the moon, more than 8 million people tuned in for the event’s YouTube live-stream –…
India’s aviation authorities say they can’t interfere in Akasa dispute
By Arpan Chaturvedi and Aditya Kalra NEW DELHI (Reuters) – India’s aviation authorities have ruled out intervening in a dispute between Akasa Air and its pilots after the budget carrier accused the…
India’s banking system liquidity deficit jumps to over 4-year high
By Dharamraj Dhutia MUMBAI (Reuters) – India’s banking system liquidity deficit is at its widest in over four years ago, amid tax outflows and the lack of any major inflows, traders said…
India’s services growth slowed slightly in Aug but exports hit record high
By Anant Chandak BENGALURU (Reuters) – Growth in India’s dominant services industry lost some steam in August but overall conditions remained strong despite elevated inflationary pressures, according to a business survey that…
SoftBank fund cuts stake in India’s Zomato in $115-million deal
BENGALURU (Reuters) – SoftBank Vision Fund on Wednesday sold a 1.17% stake in Indian food delivery firm Zomato in a deal valued at 9.47 billion rupees ($114.7 million), exchange data showed. The…
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