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 top banks say Adani exposure within RBI limits but remain watchful
By Nupur Anand and Siddhi Nayak MUMBAI (Reuters) – Some of India’s leading public sector banks said on Friday their exposure to the Adani Group was within the limits prescribed by the…
India’s Adani dollar bonds hit lowest since November
LONDON (Reuters) – Dollar bonds issued by entities of India’s Adani Group tumbled on Friday as a scathing report by a U.S. short seller triggered a rout in the conglomerate’s listed firms.…
India’s FY24 gross borrowing could be less than expected -economists
MUMBAI (Reuters) – India’s central government’s gross market borrowings for 2023/24 could come in below market expectations as a pool of securities raised to compensate states for a shortfall in goods and…
India’s 2023/24 budget likely to be cautious, cutting deficit
By Aftab Ahmed NEW DELHI (Reuters) – The Indian government will present a budget on Feb. 1 that will likely put deficit reduction ahead of vote-winning spending, even as Prime Minister Narendra…
India’s Reliance Industries misses profit view on windfall tax
By Sethuraman N R BENGALURU (Reuters) -Reliance Industries Ltd on Friday reported a bigger-than-expected drop in quarterly profit as India’s biggest company by market valuation took a hit from the government’s windfall…
India’s Russian oil binge drags down OPEC’s share to lowest in 2022
By Nidhi Verma NEW DELHI (Reuters) – Russia became the third-largest oil supplier to India in 2022, making up about 15% of total purchases, dragging down OPEC’s share to the lowest in…
Analysis: India’s rising home prices, rentals a new inflation threat
By Siddhi Nayak MUMBAI (Reuters) – Rising home prices and rentals in large Indian cities could pose a new challenge to the country’s central bank in its fight against inflation, even though…
India’s coal imports directive to power plants a precautionary step – official
NEW DELHI (Reuters) – India’s recent coal imports directive to power plants was a precautionary measure as the country is expecting high electricity demand to continue in the coming months, a top…
India’s inflation likely remained steady at 5.90% in December: Reuters poll
By Madhumita VikramGokhale BENGALURU (Reuters) – India’s retail inflation held steady in December, staying within the Reserve Bank of India’s comfort zone for a second month as a moderation in food price…
India’s FY24 growth to dip to 5.5% from 6.8% in FY23 – HSBC economist
MUMBAI (Reuters) – India’s economy is expected to grow 5.5% in the next financial year, a notch below the expected potential rate of 6%, as growth momentum in the country was slowing…
India’s services growth at 6-month high on robust demand – PMI
By Anant Chandak BENGALURU (Reuters) – India’s services industry saw activity increase at the fastest pace in six months during the final month of 2022 amid robust demand, fuelling business optimism despite…
India’s factories ended 2022 on a strong note
By Vivek Mishra BENGALURU (Reuters) – India’s manufacturing industry ended 2022 on a solid footing as business conditions improved at the fastest rate in over two years while growth in new orders…
India’s RBI may hike repo rate to 6.75% in 2023 – IDBI Bank’s Arun Bansal
By Siddhi Nayak and Dharamraj Dhutia MUMBAI (Reuters) – The Reserve Bank of India could take the key policy rate to 6.75% next year, as core inflation stays elevated and the U.S.…
Analysis: India’s post-COVID spending boom drives two-speed economy
By Ira Dugal MUMBAI (Reuters) – India is set to be the world’s fastest growing major economy in the year ahead, as a post-pandemic retail boom and recent bank balance-sheet repairs lure…
India’s textile industry faces tough times as consumers cut spending
By Manoj Kumar and Rajendra Jadhav NEW DELHI/MUMBAI (Reuters) – India’s $200 billion textile and apparel industry is facing a crisis as consumers in the United States, Europe and other big markets…
India’s wheat stocks to fall further but sufficient, government says
NEW DELHI (Reuters) – Wheat stocks in India’s government warehouses will fall by about 13% by early next month from current levels but will be sufficient for welfare schemes of the country,…
India’s central bank set to raise rates; outlook on growth, inflation in focus
By Swati Bhat MUMBAI (Reuters) – The Reserve Bank of India (RBI) is widely seen raising its key lending rate by 35 basis points on Wednesday as inflation continues to stay above…
India’s Nov services activity growth hit 3-month high, high inflation a concern
By Indradip Ghosh BENGALURU (Reuters) – India’s services activity grew at its quickest pace in three months in November on strong demand, lifting optimism to its highest in eight years, according to…
India’s jobless rate rises to three-month high of 8% in Nov – CMIE
NEW DELHI (Reuters) – India’s unemployment rate rose to 8.0% in November, highest in three months, from 7.77% in the previous month, data from the Centre for Monitoring Indian Economy (CMIE) showed…
India’s first private rocket company looks to slash satellite costs
By Nivedita Bhattacharjee BENGALURU (Reuters) – The startup behind India’s first private space launch plans to put a satellite into orbit in 2023 and expects to be able to do so at…
India’s central bank approves 12 ‘vostro’ accounts for rupee trade – official
NEW DELHI (Reuters) – India’s central bank has given approval to banks to open 12 special “vostro accounts” for trade in rupees with trading partners, its Executive Director Deepak Kumar said on…
India’s HDFC Bank, Canara Bank get approval for rupee trade with Russia – report
BENGALURU (Reuters) – India’s central bank has allowed HDFC Bank Ltd and Canara Bank Ltd to open a special “vostro account” for trade in rupees with Russia, local newspaper Business Standard reported…
India’s electronics industry moves towards uniform charging ports for smartphones
NEW DELHI (Reuters) – Electronics industry stakeholders in India have agreed to a phased roll-out of USB-C type uniform charging ports for devices including smartphones and laptops, the Indian government said on…
India’s October WPI inflation eases to 8.39% y/y
NEW DELHI (Reuters) – India’s annual wholesale price-based inflation (WPI) eased in October to 8.39% year-on-year, the lowest since March 2021, helped by a fall in commodity prices, government data showed on…
India’s Sept industrial output rose 3.1% y/y – govt
NEW DELHI (Reuters) – India’s annual industrial output rose 3.1% year-on-year in September, government data showed on Friday. Analysts polled by Reuters had expected a rise of 2% in September. (Reporting by…
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