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By Jayshree P Upadhyay MUMBAI (Reuters) -India’s ICICI Bank is facing pushback against delisting its unit ICICI Securities, with some shareholders trying to block the move and the market regulator hauling the bank up over its processes to win shareholder approval. In March, around 72% of ICICI Securities’s minority shareholders voted in favour of selling …

India’s ICICI Bank faces pushback against delisting brokerage unit Read More »

BENGALURU (Reuters) – India’s Bajaj Housing Finance approved to file for an initial public offering (IPO) with a fresh issue of shares worth 40 billion rupees ($479.2 million) on Thursday. The firm, a unit of non-banking finance company (NBFC) Bajaj Finance, said the IPO would include a sale of shares by existing shareholders. In September 2022, …

India’s Bajaj Housing Finance approves IPO to raise 40 billion rupees Read More »

By Rajendra Jadhav MUMBAI (Reuters) – India’s monsoon rains have advanced into the western state of Maharashtra after covering almost all of the southern region, but they could weaken and deliver lower-than-normal rainfall next week, two senior weather officials told Reuters. Summer rains, critical to spur economic growth in Asia’s third-largest economy, usually begin in …

India’s monsoon hits key western state, may falter next week, sources say Read More »

(Reuters) – India’s batters have the skills and experience needed to navigate the challenge of playing on a tricky pitch in New York, batting coach Vikram Rathour said after their Twenty20 World Cup victory over Ireland on Wednesday. India captain Rohit Sharma led from the front with an impressive half-century to guide his team to …

Cricket-Indian batters have the tools to solve New York pitch challenge, coach says Read More »

MOSCOW (Reuters) – Russian President Vladimir Putin had a phone call on Wednesday with Indian Prime Minister Narendra Modi, the TASS state news agency reported. Modi’s party lost its majority in parliament in a humbling election result on Tuesday, forcing him to rely on the support of regional allies in order to govern for a …

Russia’s Putin held phone call with India’s Modi, TASS reports Read More »

By Manoj Kumar NEW DELHI (Reuters) – Exit polls could not accurately capture discontent among the social and economic castes that are ranked lower in India in key states, resulting in an overestimation of electoral support for Prime Minister Narendra Modi’s ruling party, two pollsters said. The findings led to turmoil in Indian stock markets …

India exit polls did not capture voter discontent in key states, say pollsters Read More »

By Rishika Sadam HYDERABAD, India (Reuters) – A former member of the opposition Congress and an on-and-off ally of Indian Prime Minister Narendra Modi could decide the shape and stability of the next government after a vote count on Tuesday returned a fractured verdict. Chandrababu Naidu, whose party has the second highest number of parliamentary …

India PM Modi’s on-off ally holds key to his weakened third term Read More »

By Krishn Kaushik NEW DELHI (Reuters) -Indian opposition leader Rahul Gandhi, mocked by Prime Minister Narendra Modi and his supporters for a decade as an entitled dynast, marked a stunning comeback on Tuesday, emerging at the centre of an alliance that made deep inroads into ruling party strongholds. The scion of India’s fabled Nehru-Gandhi political …

Ridiculed for a decade, India’s Rahul Gandhi slows Modi juggernaut Read More »