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 May trade deficit widens to $24.29 billion – trade ministry
NEW DELHI – India’s May trade deficit widened to $24.29 billion from $6.53 billion a year ago, a government statement said on Wednesday. May’s trade deficit was pushed up by a surge…
India’s opposition leader Sonia Gandhi hospitalised with COVID-related issues
NEW DELHI – The leader of India’s main opposition party, Sonia Gandhi, has been admitted to hospital in New Delhi with health issues related to COVID-19, her Congress party said. The party…
India’s fuel demand jumps 24% year-on-year in May
By Kavya Guduru (Reuters) – India’s fuel consumption jumped 23.8% in May from a year earlier, continuing a recovery from a relatively low base in 2021 when the world’s third biggest oil…
What is ONDC, India’s project for an open e-commerce network?
NEW DELHI – India’s government in April launched its Open Network For Digital Commerce (ONDC) as a prospective alternative to dominant global giants Amazon.com and Walmart in its fast-growing e-commerce market. Here…
Firms in India’s ancient shoe capital squeezed by costs, fading demand
By Manoj Kumar AGRA, India – In his small shoe factory in the Indian city of Agra, Rajesh Kumar, his two brothers and three workers have been sitting idle for a week,…
India’s May factory activity remained strong despite inflation worries
BENGALURU – India’s factory activity expanded at a better-than-expected pace last month as overall demand remained resilient despite persistently high inflation, encouraging firms to hire at the fastest rate since January 2020,…
Google backs India’s ShareChat in $300 million funding round at $5 billion valuation
By Munsif Vengattil NEW DELHI – The parent company of India’s ShareChat has raised nearly $300 million in fresh funding from Alphabet Inc’s Google, media giant Times Group and Singapore’s Temasek Holdings,…
India’s retirees tap savings, eat less as living costs soar
By Manoj Kumar NEW DELHI – T.L. Wali, a 66-year-old lawyer in Delhi’s high court, had been looking forward to retirement. But with India’s living costs soaring, he is now forced to…
India’s Andhra state in $16 billion pacts involving Adani, GIC-backed Greenko – officials
By Aditya Kalra DAVOS, Switzerland – India’s Andhra Pradesh has signed renewables investment pacts worth a total of around $16 billion with three companies including India’s Adani and an affiliate of Singapore’s…
India’s Jet Airways allowed to fly again
NEW DELHI – India’s Jet Airways said on Friday the country’s aviation regulator has cleared it to resume operation of commercial flights. Once India’s biggest private carrier, Jet stopped flying in April…
J.P.Morgan downgrades India’s IT sector as pandemic boom fades
(Reuters) – Soaring inflation, supply chain issues and the hit from the Ukraine war will bring an end to the growth boom India’s IT services industry enjoyed during the pandemic, J.P.Morgan analysts…
India’s LIC shares set to slide in market debut after record IPO
MUMBAI – Shares in state-owned Life Insurance Corp of India (LIC) were on track to debut at an 8% discount to their IPO price on Tuesday. LIC shares were trading at 872…
India’s economic growth to slow if central bank hikes rates – official
NEW DELHI – India’s economic growth rate is likely to slow if the central bank hikes interest rates, Finance Secretary TV Somanathan told CNBC TV18 on Thursday. India’s central bank is likely…
Reuters wins Pulitzer for intimate, devastating images of India’s pandemic
(Reuters) – From hospitals, funeral pyres and remote villages to a Himalayan hillside, car parks and temples, Reuters photographers produced coverage of the coronavirus pandemic in India that captured the spread of…
India’s private school aspiration increasingly out of reach as inflation bites
By Manoj Kumar NEW DELHI – Indian financial consultant Waqar Khan has seen his income drop by about a fifth since the coronavirus pandemic began. When his younger son’s private school raised…
India’s Reliance, Apollo Global plan joint bid for Walgreens’ Boots business
(Reuters) -Indian conglomerate Reliance Industries Ltd and U.S. buyout firm Apollo Global Management are planning a joint bid for UK high street pharmacy chain Boots, a spokesperson for Apollo confirmed on Wednesday.…
India’s Amul dairy says bracing for sales disruption due to straws ban
By Aditya Kalra NEW DELHI – India’s $8 billion Amul dairy group said on Monday it is bracing for disruptions and higher input costs for some products from July when the government’s…
Invesco to cut stake in India’s Zee by more than a third to 11%
MUMBAI – U.S. investment firm Invesco is set to cut its holding in India’s Zee Entertainment by more than a third to 11%, it said on Wednesday, days after abandoning an attempt…
India’s factory activity slowed in March, optimism at two-year low – PMI
By Indradip Ghosh BENGALURU – India’s factory activity expanded at a slower pace in March as rising prices meant new orders and output grew at their weakest rate since September, according to…
India’s NTPC $2.81 billion power plant may face supply issues from Russian entities -minister
NEW DELHI – NTPC Ltd’s $2.81 billion coal-fired power plant, which is currently under construction in India, may face supply issues from Russian entities, India’s power minister said on Thursday. The 2,000-megawatt…
India’s aviation minister urges airlines to add more long-haul jets
By Abhijith Ganapavaram and Chandini Monnappa HYDERABAD, India – India’s civil aviation minister urged Indian airlines on Friday to add more long-haul aircraft to their fleets and to increase flights abroad, as…
India’s Zomato faces heat for plans to deliver food in 10 minutes
By Abhirup Roy and Aditya Kalra MUMBAI – Indian food-delivery giant Zomato Ltd is facing a backlash on social media for its plans to roll out a 10-minute food service that critics…
Iran ready to meet India’s energy needs, Tehran envoy tells New Delhi
NEW DELHI – Iran is ready to meet India’s energy security needs, its ambassador to India was quoted as saying on Friday, as negotiations continue between the world powers and Tehran on…
SoftBank execs to leave boards of India’s Paytm, Policybazaar – source
NEW DELHI – Representatives of SoftBank Group Corp will step down from the boards of Indian digital payments firm Paytm and the parent of online insurance aggregator Policybazaar, a person with direct…
Amazon, Future talks have failed, lawyers tell India’s Supreme Court
NEW DELHI – Talks between Amazon.com Inc and India’s Future Retail aimed at resolving a long-running dispute over whether Future’s retail assets can be sold to Reliance Industries have failed, lawyers for…
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