Reuters India Top

DELHI/BENGALURU (Reuters) – Some overseas lenders to India’s Byju’s have appealed to the country’s apex court opposing a verdict that had quashed insolvency proceedings against the embattled education startup. U.S.-based Glas Trust, representing some lenders of a Byju’s group company, on Aug. 7 filed an appeal before India’s Supreme Court, challenging an appeals tribunal’s verdict …

Byju’s US lenders appeal insolvency-quashing order before India’s top court Read More »

By Siddhi Nayak MUMBAI (Reuters) – The Indian rupee logged its sixth straight weekly fall but ended little changed on Friday, as corporate dollar demand offset the impact of a rebound in regional currencies and bets of central bank intervention. The rupee closed at 83.9550 to the U.S. dollar, slightly up from its previous close …

Rupee ends little changed despite Asia rebound; logs sixth weekly fall Read More »

By Neha Arora NEW DELHI (Reuters) – Indian steelmakers want the government to soften proposed import restrictions on metallurgical coke, a key ingredient in steelmaking, saying the curbs will hit steel mills’ capacity expansion, a letter from the Indian Steel Association, seen by Reuters on Friday, said. India, the world’s second-biggest producer of crude steel, …

Indian steelmakers seek to soften proposed import curbs on key raw material Read More »

By Helen Reid PARIS (Reuters) -Arshad Nadeem won gold in the Olympic men’s javelin on Thursday, beating defending champion Neeraj Chopra of India to clinch Pakistan’s first Olympic medal in athletics. Nadeem threw his arms up in celebration after breaking the Olympic record on his second throw with a stunning 92.97 metres that put him …

Olympics-Athletics-Nadeem wins javelin gold for Pakistan Read More »

By Forrest Crellin PARIS (Reuters) -India beat Spain 2-1 to win bronze in men’s hockey at the Paris Olympics on Thursday as skipper Harmanpreet Singh scored twice to put his side in front after they fell behind in a tournament where his heroics proved decisive in all of their wins. The win gave India’s their …

Olympics-Hockey-India beat Spain to secure second consecutive bronze medal Read More »

BENGALURU (Reuters) -The Reserve Bank of India (RBI) kept its key interest rate unchanged on Thursday, as widely expected, as it continued its efforts to sustainably lower inflation towards its 4% target. The Monetary Policy Committee (MPC), which consists of three RBI and three external members, kept the repo rate unchanged at 6.50% for a …

India’s central bank holds rates again, as expected Read More »

MUMBAI (Reuters) – India’s foreign exchange reserves hit a record high of $675 billion as of Aug. 2, Shaktikanta Das, the governor of the central bank, said on Thursday. The reserves rose by $7.6 billion in the reporting week, as per Reuters’ calculations. They had fallen by $3.5 billion in the prior week, the biggest …

India’s forex reserves hit record high of $675 billion as of Aug. 2 Read More »

(Reuters) -Avishka Fernando scored a superb 96 and Dunith Wellalage took five wickets as Sri Lanka thumped India by 110 runs in Colombo on Wednesday to seal a first bilateral one-day international series win over their south Asian neighbours in 27 years. Faced with a tricky victory target of 249 to draw level at 1-1, …

Cricket-Fernando, Wellalage guide Sri Lanka to rare ODI series win over India Read More »