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 Reliance appoints Ambani children to board in succession plan
By Munsif Vengattil and Dhanya Skariachan BENGALURU (Reuters) -India’s Reliance Industries Ltd on Monday appointed the three children of Chairman Mukesh Ambani as board directors at the oil-to-telecoms conglomerate, as the billionaire…
India’s food price surge forces government measures to improve supplies
By Rajendra Jadhav and Aftab Ahmed MUMBAI/NEW DELHI (Reuters) – A broad rise in prices of food essentials in India driven by uneven and scanty rain is forcing the government into a…
India’s Modi says peace returning to strife-torn Manipur
By Rupam Jain NEW DELHI (Reuters) -Indian Prime Minister Narendra Modi said on Tuesday peace was returning to the strife-torn northeastern state of Manipur where at least 180 people have been killed…
India’s ‘bad bank’ sees loan transfers dwindle on valuation, liability woes -sources
By Siddhi Nayak MUMBAI (Reuters) – India’s so-called ‘bad bank’ set up to buy legacy stressed loans from the country’s lenders has seen such purchases grind to a standstill recently due to…
India’s July wholesale price index falls less than expected on food prices
NEW DELHI (Reuters) -India’s wholesale price index fell 1.36% year-on-year in July, but the decline was smaller than expected because of higher prices for food and some commodities. Economists polled by Reuters…
India’s June industrial output rises at slowest pace in 3 months
By Nikunj Ohri and Shivangi Acharya NEW DELHI (Reuters) -India’s industrial output growth rate slipped to a three-month low of 3.7% year-on-year in June, data from the Ministry of Statistics showed on…
IMF: India’s rice restrictions could fuel food price inflation
WASHINGTON (Reuters) – India’s move to restrict exports of certain types of rice could help exacerbate food price inflation and should be reversed, International Monetary Fund chief economist Pierre-Olivier Gourinchas said on…
India’s Adani confident of governance, slams Hindenburg
By Chris Thomas and Sethuraman N R BENGALURU (Reuters) -India’s Adani Group is confident of its governance and disclosure standards after a top court panel found no lapses at the conglomerate, its…
India’s fight against inflation far from over – RBI bulletin
By Swati Bhat and Siddhi Nayak MUMBAI (Reuters) – Food price spikes in India, typical at the onset of the monsoon, drove up headline inflation in June, corroborating the monetary policy committee’s…
India’s G20 sherpa says brokering peace between Ukraine, Russia beyond bloc’s remit
By Nikunj Ohri and Sarita Chaganti Singh NEW DELHI (Reuters) – Brokering peace between Russia and Ukraine is beyond the remit of the G20 and such efforts will be best undertaken by…
India’s June trade deficit in line with expectations
By Shivangi Acharya and Riddhima Talwani NEW DELHI (Reuters) -India’s merchandise trade deficit in June was in line with expectations at $20.13 billion, according to a Reuters calculation based on export and…
India’s Vedanta to enter the chip market this year after Foxconn split
BENGALURU (Reuters) -India’s Vedanta will enter the market for the manufacturing of chips and displays this year, group chairman Anil Agarwal said on Wednesday, days after its joint-venture partner Foxconn pulled out…
India’s Adani aims to close planned $4 billion fundraising by end-December-source
By Dhwani Pandya MUMBAI (Reuters) – India’s Adani Group is aiming to close its planned up to $4 billion fundraising before the end of 2023, and is actively talking to global investors…
Global accounting firms set up shop in India’s smaller cities
By Manoj Kumar and Jatindra Dash and Sumit Khanna BHUBANESWAR, India (Reuters) – The world’s major accounting firms are stepping up investments in new Indian facilities away from bigger cities as global…
Soaring vegetable prices may tip India’s delicate inflation balance -economists
MUMBAI (Reuters) – A steeper-than-expected surge in the prices of vegetables, especially tomatoes, over the past few weeks could push India’s retail inflation towards 5.5% in the July-September quarter, at least three…
U.S. envoy expresses sorrow over ethnic violence in India’s northeast
NEW DELHI (Reuters) – The U.S. ambassador to New Delhi expressed sorrow over the ethnic violence in India’s northeastern state of Manipur on Thursday, and while noting it was an Indian matter…
India’s factory growth softened slightly in June but stayed strong
By Shaloo Shrivastava BENGALURU (Reuters) – India’s manufacturing industry expanded at the second-fastest rate this year in June, albeit at a slightly slower pace than in May, supported by robust demand despite…
India’s current account likely turned to surplus in Jan-March: Reuters poll
By Vivek Mishra and Anant Chandak BENGALURU (Reuters) – India’s current account balance likely turned positive in January-March, marking the first quarterly surplus in nearly two years thanks to a narrower trade…
India’s cenbank may cut rates in early 2024 as inflation eases – S&P
MUMBAI (Reuters) – The Reserve Bank of India will likely start cutting the policy repo rate in early 2024 once headline inflation eases toward the 4% target, S&P Global Ratings said. “In…
PE firm Carlyle to sell stake in India’s Delhivery for at least $86 million
BENGALURU (Reuters) – Private equity firm Carlyle plans to sell its entire 2.53% stake in Indian logistics firm Delhivery via its special purpose vehicle for at least $86 million, according to a…
India’s mid and small cap stocks risk abrupt corrections, warn analysts
By Bharath Rajeswaran BENGALURU (Reuters) – A roaring rally in mid- and small-cap stocks listed on Indian bourses could see abrupt corrections, as many of them trade at near or record highs…
Airbus wins record 500-plane order from India’s IndiGo
By Tim Hepher, Joanna Plucinska and Aditi Shah PARIS/DELHI (Reuters) -Europe’s Airbus secured a historic deal on Monday involving the most jets ever bought by a single airline, with an order for…
India’s Modi to address FedEx, Mastercard, other US CEOs at Kennedy Center -source
By Nandita Bose and Trevor Hunnicutt WASHINGTON (Reuters) – Indian Prime Minister Narendra Modi will meet the CEOs of top American companies including FedEx, MasterCard and Adobe during his trip to the…
India’s merchandise import jump in may signals stable local economy – economists
By Ira Dugal MUMBAI (Reuters) – A sequential increase in merchandise imports in May that led to the trade deficit widening to a five-month high signalled a stable local economy, economists said.…
Bain Capital plans to sell stake worth $267 million in India’s Axis Bank – report
BENGALURU (Reuters) – U.S. private equity firm Bain Capital is looking to sell a 0.7% stake in India’s Axis Bank worth as much as $267 million, CNBC-TV18 reported on Wednesday, citing sources.…
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