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By Uditha Jayasinghe COLOMBO (Reuters) – Two junior ministers in the Maldivian government, who were suspended for disparaging Indian Prime Minister Narendra Modi this year, have resigned ahead of a proposed visit by President Mohamed Muizzu to New Delhi, an official said on Wednesday. Malsha Shareef and Mariyam Shiuna in the Ministry of Youth Empowerment, …

Two Maldivian ministers who disparaged India’s Modi resign ahead of Muizzu’s Delhi trip Read More »

By Neha Arora NEW DELHI (Reuters) – India’s metals-to-oil conglomerate Vedanta has urged the government to press Japan and South Korea to change their trade pacts to eliminate their import duties on nickel sulphate used in EV batteries, a source aware of the matter said. Vedanta and some smaller firms turn nickel ores imported primarily …

Vedanta urges India to negotiate end to nickel sulphate duties with Japan and South Korea Read More »

BENGALURU (Reuters) – Shares of Tata Motors – India’s largest carmaker by revenue – fell 5.6% on Wednesday to log their third-worst day this year after UBS said rising discounts could hurt the results of Jaguar Land Rover (JLR), its British luxury car division. This is the stock’s steepest decline in a nine-session losing streak …

India’s Tata Motors slumps as UBS warns of ‘significantly’ weaker results Read More »

By Shivangi Acharya and Sarita Chaganti Singh NEW DELHI (Reuters) – India’s push to become a factory titan has hit a snag: to become a credible alternative to China for global firms, it first needs to warm up to its long-time rival. Ties between the world’s two most populous countries have been strained since a …

Analysis-India’s bid to match China’s factory heft gets a reality check Read More »

By Bharath Rajeswaran BENGALURU (Reuters) -Indian shares struggled for direction in a choppy session on Wednesday, ahead of a key U.S. inflation data that could influence the size of an expected reduction in Federal Reserve’s interest rates next week. The Nifty 50 index held its ground at 25,044.55 points, while the S&P BSE Sensex was …

Indian shares flat in choppy session ahead of US inflation data Read More »

By Dharamraj Dhutia MUMBAI (Reuters) – Investors want the Indian federal government to sell more short-term and green bonds while resuming floating rate bond auctions, six bankers said on Tuesday. The suggestions were made by market participants in a series of meetings about the government’s borrowing plan for the second half of the fiscal year. …

Investors want India to sell short tenor, floating rate bonds in H2, bankers say Read More »

By Tora Agarwala GUWAHATI, India (Reuters) – Internet and mobile data services were suspended for five days and an indefinite curfew imposed in some parts of India’s northeastern state of Manipur on Tuesday after student protests over continuing ethnic strife turned violent. After a brief lull, fighting broke out between the majority Meitei and minority …

Internet suspended in parts of India’s Manipur as students clash with police Read More »

MUMBAI (Reuters) -Indian automaker Mahindra & Mahindra and pharmaceutical company Dr Reddy’s Laboratories said on Tuesday they had paid the husband of a senior regulatory official for work when she held the second highest office at the country’s market regulator, but denied any conflict of interest. India’s main opposition party Congress on Tuesday alleged that …

India’s Mahindra, Dr Reddy’s deny conflict in payments to India regulatory chief’s husband Read More »

BENGALURU (Reuters) – Reliance Retail said on Tuesday it was partnering with Israeli innerwear maker Delta Galil, marking the latest push by billionaire Mukesh Ambani’s retail business into India’s fast-growing apparel market. The 50-50 joint venture will help deepen Delta Galil’s reach in India through retail, wholesale and digital channels, and also manufacture products for …

Reliance Retail ties up with Israeli innerwear maker Delta Galil for India expansion Read More »