BENGALURU (Reuters) – Indian shares climbed to over five-month highs on Thursday, driven by top banking stocks that hit all-time peaks, even as investors weighed the possibility of a large rate hike by the U.S. Federal Reserve next week. The NSE Nifty 50 index was up 0.33% at 18,064.05, as of 0401 GMT, while the …
Indian shares see worst day in two weeks as IT, banks slip Read More »
By Nidhi Verma and Sudarshan Varadhan NEW DELHI (Reuters) – India and other members of the Shanghai Cooperation Organisation (SCO) will discuss energy security at the regional security bloc’s meeting in Uzbekistan, India’s foreign secretary Vinay Kwatra said on Thursday. The two-day summit in the Silk Road city of Samarkand will be attended by Prime …
India, Russia to discuss energy security as oil, coal trade soars Read More »
NEW DELHI (Reuters) – Tata Group-owned Air India on Thursday targeted a share of at least 30% of the domestic market over the next five years as it looks to rebuild its reputation after years of losses at the former state-run carrier. The autos-to-steel conglomerate, which completed its purchase of Air India in January, faces …
Air India aims for 30% domestic market share over next 5 years Read More »
By Aditya Kalra NEW DELHI (Reuters) – India should create a regulatory body to classify online games as based on skill or chance, introduce rules to block prohibited formats and take a stricter stance on gambling websites, a government panel said in a report seen by Reuters. The panel of Prime Minister Narendra Modi’s top …
By Aditya Kalra NEW DELHI (Reuters) – India should create a regulatory body to classify online games as based on skill or chance, introduce rules to block prohibited formats and take a stricter stance on online gambling, a government panel said in a report seen by Reuters. The much-awaited report is seen as shaping the …
Factbox-India panel recommendations for booming online gaming industry Read More »
By Nidhi Verma NEW DELHI (Reuters) – Saudi Arabia emerged as the second-biggest oil supplier to India after a three-month gap, overtaking Russia by a thin margin, while Iraq retained the top spot in August, data from industry and trade sources showed. India, the world’s third biggest oil importer and consumer, shipped in 863,950 barrels …
Saudi overtakes Russia to be India’s No. 2 oil supplier in August Read More »
By Rajendra Jadhav and Mayank Bhardwaj MUMBAI/NEW DELHI (Reuters) -India’s rice exports could fall by around a quarter this year as New Delhi’s restrictions force buyers to switch to rival suppliers which are offering the grain at a cheaper price, trade and industry officials said. Late last week, the world’s biggest exporter of the grain …
India’s rice exports set to fall 25% as levy make shipments expensive Read More »
MUMBAI (Reuters) – The low participation of women in India’s labour force is largely due to gender discrimination in terms of wages and opportunities, a report by charity organisation Oxfam said on Wednesday. To close the gap in women’s labour participation, the Indian government would have to offer incentives for better pay, training, skills acquisition …
Women’s participation in Indian workforce low due to gender discrimination -Oxfam Read More »
By Kavya Guduru (Reuters) – Gold edged up on Wednesday as the dollar slipped, but expectations for steep rate hikes from the U.S. Federal Reserve took some sheen of the precious metal and capped its gains. Spot gold rose 0.1% to $1,702.90 per ounce by 11:57 a.m. ET (1557 GMT) after marking its biggest one-day …
Gold edges up on softer dollar, rate hike bets cap rise Read More »
NEW DELHI (Reuters) – India’s merchandise trade deficit in August widened to $27.98 billion from $11.71 billion a year earlier, revised data released by the government showed on Wednesday. India’s merchandise exports rose to $33.92 billion from $33.38 billion in the same month last year, while imports rose to $61.90 billion in August from $45.09 …
India’s August trade deficit widened to $27.98 billion – trade ministry Read More »
