By Sakshi Dayal NEW DELHI (Reuters) -India’s Supreme Court granted bail on Friday to opposition leader and Delhi Chief Minister Arvind Kejriwal in a graft case, paving the way for his release almost six months after he was arrested. Kejriwal’s release is expected to boost the morale of his decade-old Aam Aadmi Party (AAP) as …
India’s top court grants bail to opposition leader Kejriwal in graft case Read More »
(RPT of story published September 13, 20241:56 PM GMT+8) By Aditya Kalra NEW DELHI (Reuters) -An Indian antitrust investigation has found U.S. e-commerce giant Amazon and Walmart’s Flipkart violated local competition laws by giving preference to select sellers on their shopping websites, according to reports seen by Reuters. The Competition Commission of India (CCI) in …
India probe finds Amazon, Walmart’s Flipkart breached antitrust laws Read More »
(Reuters) – India’s Adani Group said late on Thursday it has no involvement in any Swiss court proceedings after Hindenburg Research indicated that authorities had frozen more than $310 million of the company’s funds as part of a money laundering and securities forgery investigation. Swiss criminal court records show in detail how an Adani frontman …
Adani Group denies Hindenburg comment on frozen funds in Swiss banks Read More »
By Anushree Ashish Mukherjee (Reuters) – Gold prices rose more than 1% to hit a record high on Thursday, helped by expectations of an interest rate cut by the Federal Reserve next week after U.S. data signalled a slowing of the economy. Spot gold was up 1.7% at $2,554.05 per ounce, as of 02:10 p.m. …
Gold hits all-time high as Fed rate-cut hopes bolster appeal Read More »
By Siddhi Nayak MUMBAI (Reuters) – Indian government-backed National Bank for Financing Infrastructure and Development (NaBFID) plans to raise 530 billion rupees ($6.31 billion) from the debt market this fiscal year, its top executive told Reuters on Thursday. The bank has already raised 90 billion rupees and the rest will be raised depending on the …
By Nandan Mandayam and Aditi Shah NEW DELHI (Reuters) – India’s top electric vehicle maker, Tata Motors, is luring consumers with free charging and steep discounts, while rival MG Motor has launched its first battery rental plan, in strategies aimed at propping up sales of the clean cars. Use of electric vehicles (EVs) has grown …
India’s Tata, MG offer free charging, battery rentals to lure EV buyers Read More »
NEW DELHI (Reuters) – India wants oil producers group OPEC and its allies to raise oil output as there are countries such as India where fuel demand is rising, the nation’s oil secretary Pankaj Jain said on Thursday. The Organization of the Petroleum Exporting Countries (OPEC) and allies, together called OPEC+, last week agreed to …
India wants OPEC+ to raise oil output, oil secretary says Read More »
By Neha Arora NEW DELHI (Reuters) – Indian metals-to-oil conglomerate Vedanta plans to step up nickel and nickel sulphate production and tap rising demand for EV battery materials in countries in northeast Asia, the company said on Thursday. “Vedanta Nico plans to expand its capacity for nickel and nickel sulphate production going forward,” the company …
India’s Vedanta plans to expand nickel sulphate production, to tap overseas demand Read More »
NEW DELHI (Reuters) – India expanded a government programme late Wednesday to provide citizens aged 70 and above with annual medical insurance coverage of 500,000 rupees ($6,000) per family, fulfilling a key poll promise by Prime Minister Narendra Modi. The new plan is expected to benefit an additional 60 million people, adding to Modi’s 2018 …
India raises free health cover for citizens aged above 70 years Read More »
By Richa Naidu and Dhwani Pandya LONDON/MUMBAI (Reuters) – For years, the world’s biggest condom maker Reckitt Benckiser designed products and marketing to lure Indian men to its Durex brand. Now, it is pushing a growth strategy by betting on women and rural consumers. India last year surpassed China to become the world’s most populous …
Durex makes India condom push for women, rural consumers Read More »
