By Manoj Kumar NEW DELHI (Reuters) – India’s retail inflation accelerated in November, led by a rise in food prices, but remained within the medium-term target of the central bank, strengthening views that the bank could keep interest rates on hold at its next meeting in February. Consumer prices rose 4.91% in November from the …
India’s November retail inflation climbs to 4.91% y/y Read More »
By Nidhi Verma NEW DELHI (Reuters) – India’s third largest refiner Bharat Petroleum Corp Ltd said on Monday it has tied up with the country’s nuclear research institute for an electrolyser technology for green hydrogen as it seeks to achieve net zero emissions by 2040. India, the world’s third biggest greenhouse gas emitter, is aiming …
Indian refiner BPCL tie-up with nuclear institute in net zero push Read More »
By Vishwadha Chander BENGALURU (Reuters) -Indian shares gave up gains to end lower on Monday, weighed by shares of Reliance Industries, ahead of retail data that could provide a glimpse into the inflation picture in the country. The blue-chip NSE Nifty 50 index ended 0.82% lower at 17,368.25, and the benchmark S&P BSE Sensex fell …
Indian shares fall as Reliance weighs, investors await inflation data Read More »
MUMBAI (Reuters) – India’s largest syringe and needle manufacturer has urged Prime Minister Narendra Modi to revoke an order to suspend production, part of a broader factory shutdown imposed by a state regulator to curb heavy pollution in the region. Hindustan Syringes and Medical Devices (HMD) has shuttered its factories on the outskirts of New …
India’s top syringe maker asks PM Modi to lift factory shutdown order Read More »
(Reuters) – Better.com Chief Executive Officer Vishal Garg is taking time off with immediate effect, Vice reported on Friday, citing an email from the digital mortgage company’s board. Garg apologized earlier this week for his manner of handling layoffs at the mortgage company after a video of him firing 900 people via a Zoom call …
Better.com CEO taking time off with immediate effect- Vice Read More »
NEW DELHI (Reuters) – Indian Prime Minister Narendra Modi said on Friday that emerging technologies such as cryptocurrencies should be used to empower democracy, not undermine it. Policymakers in India say unregulated transactions in digital currencies could hurt macroeconomic and financial stability. After initially planning to ban cryptocurrencies, the Modi government is instead considering legislation …
India’s Modi says cryptocurrencies should be used to boost democracy, not harm it Read More »
NEW DELHI (Reuters) – India’s industrial output was up 3.2% in October from the same month a year ago, government data showed on Friday. Analysts polled by Reuters had expected a rise of 4% in October. (Reporting by Manoj Kumar; Editing by Kevin Liffey)
BENGALURU (Reuters) -Indian shares ended flat on Friday as gains in metal and auto stocks helped offset a fall in IT and pharma, while the rupee hit an 18-month low against the dollar ahead of U.S. inflation data that is expected to boost the greenback. The blue-chip NSE Nifty 50 index ended 0.03% down at …
Indian shares end flat, rupee down ahead of U.S. inflation data Read More »
By Shivani Singh BENGALURU (Reuters) -India’s Star Health and Allied Insurance Co, backed by billionaire stock investor Rakesh Jhunjhunwala, see-sawed in a weak debut on Friday, after failing to attract investor interest in a blockbuster year for domestic listings. Shares of the country’s largest private health insurer were down 6% in pre-open trade before reversing …
India’s Star Health trades flat in debut after tepid IPO Read More »
BENGALURU (Reuters) – India’s Prime Minister Narendra Modi will take a final decision on the regulatory framework for cryptocurrencies, amid conflicting views, financial newspaper the Economic Times reported on Friday. The draft bill for cryptocurrencies has been finalised by the finance ministry but certain sections of the government felt more detailed discussions might be required, …
Indian PM Modi to take final call on crypto regulatory framework – Economic Times Read More »
