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By Siddhi Nayak MUMBAI (Reuters) – The Indian rupee logged its biggest daily decline against the U.S. dollar in nearly seven weeks on Wednesday, pressured by persistent dollar demand from importers and election-related risks. The rupee ended at 83.3450, down from 83.1775 in the previous session. It fell 0.2% on Wednesday, its biggest daily fall …

Rupee sees worst day in 7 weeks on importers’ dollar demand, election risk Read More »

(Reuters) -MotoGP’s Indian Grand Prix has been cancelled due to operational considerations, series organisers said on Wednesday, adding that the inaugural Kazakhstan Grand Prix would instead take place in that time period. Last year’s Indian Grand Prix at the Buddh International Circuit in Noida took place in hot and humid conditions in September and was …

Motorcycling-India Grand Prix called off, to be replaced by Kazakhstan race Read More »

By Nidhi Verma NEW DELHI (Reuters) – India’s Reliance Industries, operator of the world’s biggest refining complex, has signed a one-year deal with Russia’s Rosneft to buy at least 3 million barrels of oil a month in roubles, four sources aware of the matter told Reuters. The shift to rouble payments follows Russian President Vladimir …

Exclusive-India’s Reliance to buy Russian oil in roubles, sources say Read More »

BENGALURU (Reuters) – India’s Agnikul Cosmos called off a test flight of its first rocket on Tuesday seconds before it was due to launch – the fourth such cancellation in the last three months. Launches of India’s second privately built rocket, and first using a combination of gas and liquid fuel, had been aborted three …

India’s space startup calls off maiden rocket launch for a fourth time Read More »

NEW DELHI (Reuters) – An Indian lawmaker allied with Prime Minister Narendra Modi’s Bharatiya Janata Party said he will return to India by Friday to face allegations of rape and sexual harassment made against him. Prajwal Revanna, 33, the grandson of former Prime Minister H.D. Deve Gowda, is a member of parliament from the Hassan …

Lawmaker allied with Modi’s BJP to return to India to face sexual harassment claims Read More »

By Rajendra Jadhav and Mayank Bhardwaj MUMBAI/NEW DELHI (Reuters) -India is likely to receive above-average monsoon rains this year, the weather office said on Monday, retaining its April forecast and keeping alive the possibility of higher farm output and economic growth in Asia’s third-biggest economy. This year’s monsoon rains are expected to be 106% of …

India still expects above average monsoon rains in a boost for agriculture Read More »