MUMBAI (Reuters) – Canadian pension fund Ontario Teachers’ Pension Plan has agreed to buy a 30% stake for 23.71 billion rupees ($297.5 million) in Indian automaker Mahindra’s renewable power assets,…
By Swati Bhat MUMBAI (Reuters) – The Reserve Bank of India said on Friday it will have to front-load its monetary policy to fight stubborn inflation and shield medium-term growth…
By Mukhammadsharif Mamatkulov SAMARKAND, Uzbekistan (Reuters) – Indian Prime Minister Narendra Modi told Russian President Vladimir Putin on Friday that now was not the time for war, directly assailing the…
By Arsh Tushar Mogre BENGALURU (Reuters) – India’s current account deficit likely widened to its highest in nearly a decade in the April-June quarter, driven by soaring global commodity prices…
By Suchitra Mohanty NEW DELHI (Reuters) – India’s Supreme Court on Friday granted bail to a journalist two years after he was arrested on accusations of incitement and terrorism while…
MUMBAI (Reuters) – India’s overall foreign exchange reserves will deplete further this year due to a ballooning current account deficit and interventions by the central bank to support the rupee,…
MUMBAI (Reuters) – India reported on Friday that its trade deficit narrowed slightly to $28.7 billion in August from a record high of $30 billion in the previous month. Here…
By Indradip Ghosh BENGALURU (Reuters) – India’s dominant services industry grew faster than expected in August thanks to a solid expansion in demand and a continued easing in cost pressures,…
By Dharamraj Lalit Dhutia MUMBAI (Reuters) – India’s lower-than-expected economic growth in April-June is unlikely to alter the course for the Reserve Bank of India that is anchored to taming…
ABOARD AIR FORCE ONE (Reuters) – The United States is concerned about India’s plans to participate in joint military exercises with Russia, White House press secretary Karine Jean-Pierre said on…
By Nidhi Verma and Sudarshan Varadhan NEW DELHI (Reuters) – Reliance Industries Ltd, operator of the world’s biggest refining complex, will invest 750 billion rupees ($9.38 billion) over 5 years…
By Arsh Tushar Mogre BENGALURU (Reuters) – India likely recorded strong double-digit economic growth in the last quarter but economists polled by Reuters expected the pace to more than halve…
By Aditya Kalra NEW DELHI (Reuters) – India’s top crypto app CoinSwitch is cooperating with the national financial-crime agency, whose agents searched its offices this week to find out about…
By Nupur Anand and Aditya Kalra MUMBAI (Reuters) – India’s stricter digital lending rules have disrupted card services of foreign-backed fin-tech firms and jeopardised loan offerings of Amazon, prompting companies…
By Vivek Mishra BENGALURU (Reuters) – India’s economy is forecast to have expanded by an annual 15.2% in the April-June quarter, thanks to a weak base last year and a…
MUMBAI (Reuters) – India’s strong growth offers room for the Reserve Bank of India to raise rates by another 60 basis points as the central bank seeks to stamp out…
By Syed Raza Hassan KARACHI, Pakistan (Reuters) – Pakistan rejected India’s closure of the incident of the firing of a supersonic missile into Pakistani territory on March 9, and reiterated…
NEW DELHI -India’s wholesale inflation rose 13.93% in July from a year earlier, helped by a lower increase in food prices, but it stayed in double digits for a 16th…
BENGALURU – Indian low-cost carrier SpiceJet Ltd said on Tuesday it has entered into a settlement agreement with aircraft lessor Goshawk Aviation Ltd and its affiliates related to three Boeing…
By Rupam Jain and M. Sriram MUMBAI -India’s best-known stock investor Rakesh Jhunjhunwala, dubbed the country’s Warren Buffett, died on Sunday, prompting an outpouring of tributes for a self-made billionaire…
(Reuters) – Tata Motors Ltd signed an agreement on Sunday to buy Ford Motor’s manufacturing plant in the western state of Gujarat for 7.26 billion rupees ($91.5 million). The agreement…
MUMBAI – The Reserve Bank of India’s key policy repo rate was raised by 50 basis points on Friday, the third increase in the current cycle to cool stubbornly high…
MUMBAI – India’s bigger retailer Reliance said on Thursday that had signed a long-term franchise deal with French fashion house Balenciaga, the latest in a flurry of deals the conglomerate…
MUMBAI – India’s trade deficit is likely to remain above $20 billion for an extended period, posing the risk of a wider current account deficit, Barclays said. “While we still…
By Rajendra Jadhav MUMBAI – India’s gold demand in the first half of 2022 jumped 42% from a year ago but consumption in the second half could be lower than…