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 SpiceJet to induct 10 aircraft from September 2023
BENGALURU (Reuters) – India’s SpiceJet will add 10 Boeing 737 aircraft to its fleet between September and October to cater to the growing passenger traffic, the low-cost carrier said on Friday. The…
Investment more than consumption leading India’s economic growth – economists
By Ira Dugal MUMBAI (Reuters) – A surge in investments that offset sluggish consumption to boost India’s growth in 2022-23 is expected to power the economy in the current financial year as…
India’s May factory activity grows at fastest pace since Oct 2020
By Anant Chandak BENGALURU (Reuters) – India’s factory output expanded at the quickest pace since October 2020 last month thanks to strong demand and output, while improved optimism led firms to hire…
India’s economy likely gained pace in March quarter
By Manoj Kumar NEW DELHI (Reuters) – India is set to release data on Wednesday that is expected to show the economy grew by 5% in the January-March quarter from a year…
India’s RBI to hold rates through year-end, cut in early 2024 – Reuters poll
By Anant Chandak and Vivek Mishra BENGALURU (Reuters) – The Reserve Bank of India (RBI) will leave its key interest rate unchanged at 6.50% on June 8 and for the rest of…
Pratt & Whitney says India’s Go First has no right over engines
By Aditya Kalra and Arpan Chaturvedi NEW DELHI (Reuters) – Pratt & Whitney has no engines currently available for India’s Go First airline, which also has no rights over them, the counsel…
White House: Biden to discuss Ukraine with Brazil’s Lula, India’s Modi
HIROSHIMA, Japan (Reuters) – U.S. President Joe Biden aims to speak this weekend with Brazil’s President Luiz Inacio Lula da Silva and Indian Prime Minister Narendra Modi about Ukraine and the “sacrosanct”…
India’s top court gives market watchdog 3 more months to finish Adani probe
By Jayshree P Upadhyay and Arpan Chaturvedi MUMBAI (Reuters) -India’s Supreme Court on Wednesday granted the country’s market regulator additional time till August 14 to complete its investigation into possible violation of…
India’s newest infra lender to loan 1 trillion rupees this fiscal -official
By Ira Dugal MUMBAI (Reuters) – The Indian government-backed National Bank for Financing Infrastructure and Development (NaBFID) expects to sanction close to 1 trillion rupees ($12.23 billion) in loans this financial year,…
India’s April merchandise and services trade deficit at 21-month low
By Shivangi Acharya and Manoj Kumar NEW DELHI (Reuters) – India’s merchandise and services trade deficit narrowed to a 21-month low in April as imports dropped partly due to some slackening in…
India’s retail inflation may ease to cenbank’s 4% target in May -economists
MUMBAI (Reuters) – India’s headline retail inflation in May is likely to fall further towards 4% — the midpoint of the central bank’s target and a level last seen in January 2021,…
India’s April retail inflation eases to 18-month low on softer food price
By Aftab Ahmed NEW DELHI (Reuters) – India’s annual retail inflation eased to 18-month low in April, staying well below the Reserve Bank of India’s (RBI) upper tolerance limit for the second…
India’s ruling BJP trails Congress in Karnataka state election – exit polls
By YP Rajesh NEW DELHI (Reuters) – India’s ruling Bharatiya Janata Party (BJP) is trailing the main opposition Congress party in elections held on Wednesday in the southern state of Karnataka, but…
Blackstone’s delisting offer for India’s R Systems fails
BENGALURU (Reuters) – Blackstone Inc’s delisting offer for India’s R Systems International Ltd was unsuccessful as the U.S. investment fund failed to draw enough interest from public shareholders, the manager to the…
Brookfield, Tata in talks to invest in India’s Nexus Malls IPO – sources
By M. Sriram and Rama Venkat BENGALURU (Reuters) -Brookfield Asset Management and Tata Group are in talks to invest in the upcoming initial public offering (IPO) for Nexus Malls, betting that the…
India’s April services activity hits near 13-year high, inflation accelerates
By Anant Chandak BENGALURU (Reuters) – India’s services activity expanded at the fastest pace in nearly 13 years in April, driven by robust demand, according to a private survey which also showed…
KKR to invest $250 million more in India’s Serentica Renewables
BENGALURU (Reuters) – U.S. private equity firm KKR & Co Inc will invest an additional $250 million in Serentica Renewables, the Indian decarbonisation platform said on Monday. “This latest investment will support…
Norway sovereign wealth fund excludes Korea Gas, India’s GAIL over Myanmar link
(Reuters) – The Norwegian central bank on Thursday excluded two oil and gas companies from its $1.4-trillion wealth fund, the world’s largest, citing ethical concerns over their ties to the Myanmar military.…
Modi’s BJP courts India’s rising election power: Women
By Rupam Jain NEW DELHI (Reuters) – Ranika Jaiswal’s family in Varanasi has boasted a string of officials in India’s ruling BJP party over the last four decades. Now she wants a…
India’s forex reserves rise for second week, hit over 9-month high
MUMBAI (Reuters) – India’s foreign exchange reserves rose for a second week to hit an over nine-month high of $586.41 billion for the week ended April 14, the Reserve Bank of India’s…
Dollar bonds of India’s Adani Group firms inch higher
MUMBAI (Reuters) – The U.S. dollar-denominated bonds issued by entities of India’s Adani Group were trading marginally higher on Thursday, after a group company said it will consider a buyback of securities.…
India’s forex reserves jump to 9-month high
MUMBAI (Reuters) – India’s foreign exchange reserves jumped to $584.76 billion for the week ended April 7, the highest in nine months, the Reserve Bank of India’s (RBI) statistical supplement showed on…
India’s industrial output rose 5.6% y/y in February
NEW DELHI (Reuters) – India’s annual industrial output rose 5.6% in February from a year earlier helped by growth in manufacturing and electricity generation, data from the Ministry of Statistics showed on…
India’s HDFC Bank to raise $6 billion in debt over next 1 year
BENGALURU (Reuters) – Indian private lender HDFC Bank Ltd said on Tuesday it would consider raising debt of 500 billion rupees (about $6 billion) over the next one year. The bank will…
How India’s birth control battle falters in rural district
By Rupam Jain KISHANGANJ, India (Reuters) – Pratima Kumari, a government health worker in the eastern Indian state of Bihar, sets off on her mini scooter every morning, crisscrossing vast corn fields…
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