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 court grants bail to journalist two years after his arrest
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 reporting on…
India’s overall forex reserves to shrink further this year – Deutsche Bank
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, Deutsche Bank…
India’s August trade deficit eases from record levels
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 are the…
India’s services activity grew faster in Aug; hiring at over 14-yr high
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, encouraging firms…
India’s Q1 growth may not deter RBI from raising rates -analysts
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 inflation with…
U.S. concerned about India’s participation in Russia military exercises
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 Tuesday. Last…
India’s Reliance unveils $9.4 billion plan to boost oil to chemicals
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 to expand…
India’s status as world’s fastest growing major economy to be short-lived- Reuters poll
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 this quarter…
India’s CoinSwitch cooperating with financial crime agency probe -CEO
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 its business…
India’s digital lending rules spark disruption, firms plan pushback
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 to chart…
Base effect to help lift India’s GDP growth to double-digits in April-June: Reuters poll
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 rebound in…
India’s robust growth gives RBI room for more rate hikes – DBS
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 high inflation,…
Pakistan rejects India’s closure of missile firing incident into its territory
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 demand for…
India’s July WPI inflation eases to 13.93% y/y
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 month, amid…
India’s SpiceJet settles with lessors for Boeing aircraft
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 aircraft. The…
Rakesh Jhunjhunwala, ‘India’s Warren Buffett’, dies at 62
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 whose fortunes…
Tata Motors to buy Ford India’s manufacturing plant for $91 million
(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 between the…
Changes to India’s Standing Deposit Facility Rate since April 2022
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 inflation that…
India’s Reliance signs franchise deal with fashion house Balenciaga
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 has signed…
India’s trade deficit to remain above $20 billion – Barclays
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 expect the…
Inflation, price rise could dent India’s gold demand in July-Dec -WGC
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 last year…
India’s COVID vaccinations hit 2 billion, new cases at four-month high
NEW DELHI – The Indian government’s COVID-19 vaccinations hit 2 billion on Sunday, with booster doses underway for all adults, as daily infections hit four-month high, official data showed. Prime Minister Narendra…
S.Korea’s LG Energy Solution to supply batteries to India’s Mahindra -source
SEOUL – South Korean battery maker LG Energy Solution is set to supply batteries to Mahindra & Mahindra’s first electric sports utility vehicle (SUV), a source familiar with the matter said on…
India’s central bank to remain flexible while aiming to tame inflation, governor says
MUMBAI – India’s central bank will continue calibrating policy to preserve and foster macroeconomic stability while bringing down inflation and will remain flexible in its approach, Governor Shaktikanta Das said on Saturday.…
India’s Zomato sheds nearly $1 billion in valuation over two days after Blinkit deal
BENGALURU – Shares of India’s Zomato Ltd fell as much as 8.2% on Tuesday, extending losses for a second straight day as investors questioned the rationale of the company’s deal to buy…
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