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SINGAPORE (Reuters) – Indian Prime Minister Narendra Modi will meet with Singapore counterpart Lawrence Wong during a two-day visit to the city-state starting on Wednesday, Singapore’s government said. Modi will also meet Singapore President Tharman Shanmugaratnam and former Prime Ministers Lee Hsien Loong and Goh Chok Tong during the trip, his fifth to Singapore and …

Indian PM Modi to start 2-day Singapore visit on Wednesday Read More »

NEW DELHI (Reuters) – Indian refiner Bharat Petroleum Corp and explorer Oil and Natural Gas Corp are jointly exploring setting up a refinery, two sources familiar with the matter said. The talks are at a very nascent stage, the sources, who did not want to be named because they are not authorised to speak to …

India’s BPCL, ONGC jointly exploring setting up refinery, sources say Read More »

By Aditya Kalra and Aditi Shah NEW DELHI (Reuters) – SoftBank-backed OfBusiness, an Indian shopping website that offers raw materials to businesses, is planning an Indian stock market offering worth up to $1 billion and is close to appointing bankers, a top executive told Reuters on Tuesday. The company is in active talks with Bank …

SoftBank-backed OfBusiness plans up to $1 billion India IPO, exec says Read More »

By Subrata Nag Choudhury KOLKATA (Reuters) -India’s federal police said it had arrested the former principal of R.G. Kar Medical College in Kolkata for alleged graft, after an investigation in the case of the brutal rape and murder of a young female doctor on the premises. Sandip Ghosh, who resigned as principal of the British …

Ex-head of Indian college where doctor was raped arrested for suspected graft Read More »

By Vivek Mishra and Rahul Trivedi BENGALURU (Reuters) – Home prices in India are set to rise steadily over the next few years, driven by demand for luxury properties from cash-rich individuals, according to a Reuters poll of housing experts who forecast rent increases will outpace consumer inflation. While economic growth in Asia’s third-largest economy …

Luxury property frenzy set to drive up home prices in India: Reuters poll Read More »

By Rajendra Jadhav MUMBAI (Reuters) – India is forecast to receive above-average rainfall in September after surplus rains in August, the weather department said on Saturday. The rainfall in September is likely to be more than 109% of a 50-year average, Mrutyunjay Mohapatra, director-general of the India Meteorological Department, told a virtual news conference. Above-normal rainfall …

India braces for another month of above-average rainfall in September Read More »

(Reuters) – India’s economy grew by 6.7% in the April-June quarter from a year earlier, compared with 7.8% growth in the previous quarter, government data showed on Friday. A Reuters poll had predicted a 6.9% expansion in India’s gross domestic product for the quarter ending June 30. COMMENTARY YUVIKA SINGHAL, ECONOMIST, QUANTECO RESEARCH, NEW DELHI …

Instant view: India’s economy grows 6.7% y/y in April-June quarter Read More »