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By Bharath Rajeswaran BENGALURU (Reuters) – India’s weight on the MSCI Global Standard index, which tracks emerging market stocks, has risen to another record high, which is likely to attract inflows of about $3 billion into its equity markets. India has further narrowed the gap with China on the key MSCI index. While China’s weightage …

India’s weight on key MSCI equity index rises to record high; $3 billion inflows likely Read More »

WASHINGTON/TORONTO (Reuters) –  As a physician specializing in addiction, Dr. Jasmeet Bains, the first Sikh American elected to the California assembly, was used to risky situations. Even so, Bains said she was shocked when four men came to her office in August last year, shortly after California adopted her resolution declaring the killing of thousands …

Some US Sikhs fear Modi government is threatening, surveilling and doxxing them Read More »

(Reuters) – India’s Bharti Enterprises said on Monday it would acquire a 24.5% stake in BT, worth 3.2 billion pounds ($4 billion), to buy out the British company’s top investor Patrick Drahi. Here is a look at some other Indian companies that own British firms. * TATA GROUP The Indian business behemoth owns the UK-based …

Factbox-Indian ownership of British companies Read More »

NEW DELHI (Reuters) – The Indian government’s gross direct tax collections for April 1 to Aug. 11 rose 24% from the previous year to 8.13 trillion rupees ($96.87 billion), a government statement said on Monday. Net direct tax collections, after adjusting for refunds, was 6.93 trillion rupees during the period, about 22.5% higher than last …

India’s direct tax collections rise 24% y/y in April-Aug, government says Read More »

BENGALURU (Reuters) -India’s retail inflation fell in July to a near five-year low, as food prices eased from previous highs due to a base effect, government data showed on Monday. Annual retail inflation was 3.54% in July, down from 5.08% in June. The latest print is the lowest since August 2019. Economists polled by Reuters …

India’s retail inflation eases to 3.54% in July Read More »

By Manoj Kumar and Sarita Chaganti Singh NEW DELHI (Reuters) -India’s retail inflation fell in July to a near five-year low, as food inflation eased from previous highs due to a base effect, government data showed on Monday. Annual retail inflation was 3.54% in July, down from 5.08% in June. The latest print is the …

India’s July retail inflation eases to five-year-low of 3.54% y/y Read More »

By Bharath Rajeswaran and Hritam Mukherjee BENGALURU (Reuters) -Indian shares reversed course to trade higher on Monday as heavyweight financials stocks rose and as the impact of U.S. short-seller Hindenburg Research’s fresh report was largely limited to the 10 Adani group stocks. The NSE Nifty 50 index was up 0.26% at 24,429.55, as of 11:58 …

Financials lead recovery in Indian shares; Adani stocks fall Read More »

MUMBAI (Reuters) – The Indian central bank was likely selling dollars on Monday to support the rupee, which was holding just shy of its lifetime low, four traders told Reuters. The rupee was at 83.9650 to the dollar, within striking distance of the 83.9725 all-time low hit last Wednesday. In all probability, the Reserve Bank …

Indian central bank likely selling dollars at 83.97 to support rupee, traders say Read More »

BENGALURU (Reuters) -Jubilant FoodWorks, Domino’s Pizza’s Indian franchisee, reported a near two-fold increase in first-quarter profit on Friday, as value meals attracted budget-conscious customers. Consolidated net profit rose to 558 million rupees ($6.65 million) for the quarter ended June 30, from 289.2 million rupees a year earlier, it said in an exchange filing. Persistently high …

Domino’s India franchisee Jubilant reports two-fold surge in Q1 profit Read More »