By Bharath Rajeswaran BENGALURU (Reuters) -Indian shares rose on Thursday, led by information technology stocks, after minutes of the Federal Reserve’s latest policy meeting signalled that the U.S. central bank is strongly leaning towards a rate cut next month. The NSE Nifty 50 index was up 0.11% at 24,796.7 as of 9:58 a.m. IST. The …
Indian shares rise; IT stocks lead, US rate-cut hopes add cheer Read More »
By Rishika Sadam HYDERABAD, India (Reuters) – At least 15 people were killed in an explosion on Wednesday at a pharmaceuticals manufacturing plant in southern India’s Andhra Pradesh state, a district government official said. “Death toll as of now is 15 and is likely to go up. Nearly 40 people have been injured. Rescue operations …
Blast at Indian pharma factory kills 15 and injures 40, official says Read More »
NEW DELHI (Reuters) -Indian Prime Minister Narendra Modi said he will “share perspectives” on the peaceful resolution of the conflict between Ukraine and Russia during his visit to Kyiv this week, more than a month after he travelled to Moscow. Modi departed for Poland on Wednesday and will visit Kyiv on Friday, the first trip …
India’s Modi to ‘share perspectives’ on ending Ukraine war during Kyiv trip Read More »
By Aditya Kalra and Shivangi Acharya NEW DELHI (Reuters) – India’s commerce minister accused Amazon and other e-commerce companies of predatory pricing practices and said the sector’s rapid rise should not disrupt millions of brick-and-mortar stores operating in the country. Amazon and Walmart’s Flipkart have reshaped India’s retail landscape in recent years, with both companies …
India minister accuses Amazon, e-commerce firms of predatory pricing Read More »
By Aditya Kalra and Aftab Ahmed NEW DELHI (Reuters) – India’s antitrust watchdog has warned staff in an internal memo not to share any information with the media when they are not authorized to do so, citing a 60-year-old rule that prohibits such interactions, a document shows. “It has been observed that of late certain …
India antitrust body warns staff over unauthorised media contacts, memo shows Read More »
By Sarita Chaganti Singh and Shivangi Acharya NEW DELHI (Reuters) – India is likely to begin conducting a long-delayed population census in September, two government sources said, as Prime Minister Narendra Modi looks to plug important data gaps in his third term after years of criticism. India’s once-a-decade census was due to be completed in …
India to begin delayed census in Sept as Modi looks to plug data gaps, sources say Read More »
By Krishna N. Das NEW DELHI (Reuters) – India will spend nearly $300 million in two years to expand water bodies like lakes and build drains in seven cities including Mumbai, Chennai and Bengaluru to mitigate floods and conserve water, a government official told Reuters on Wednesday. Flooding, often fatal, is common in Indian cities …
India to spend $300 million to mitigate floods, conserve water in big cities Read More »
MUMBAI (Reuters) – Indian banks need to carefully monitor the gap between credit and deposit growth to avoid a potential structural liquidity issue, the governor of the Reserve Bank of India (RBI) said on Tuesday. “Young Indians are aspirational. They get attracted to different markets. There is nothing wrong in it, it’s a natural process …
India cenbank chief urges banks to monitor credit-deposit gap to avoid liquidity issues Read More »
BENGALURU (Reuters) – India’s markets regulator proposed on Tuesday that companies be allowed to also sell shares to new investors, in addition to existing shareholders, to raise funds, among other measures to ease corporate fundraising. The regulator also proposed that a company allow other investors to buy into an unsubscribed portion of a so-called rights …
India markets regulator proposes ways to ease corporate fundraising via share sales Read More »
By YP Rajesh NEW DELHI (Reuters) -Indian Prime Minister Narendra Modi will visit Ukraine on Friday to boost ties with Kyiv, weeks after a trip to Moscow in which he rebuked Russian President Vladimir Putin over the war with its neighbour. Announcing the Aug. 23 trip, India’s foreign ministry said it would be a “landmark …
India’s Modi to visit Ukraine on Aug. 23, weeks after rebuking Putin Read More »
