NEW DELHI (Reuters) – Run machine Virat Kohli produced a match-winning knock in the Indian Premier League (IPL) on Thursday that will ease concerns about his strike rate ahead of the T20 World Cup next month. Kohli has been remarkably consistent in the 10-team league and is comfortably the competition’s leading scorer with 634 runs …
Cricket-Kohli sweeps aside strike-rate concerns to keep Bengaluru alive Read More »
WASHINGTON (Reuters) – The U.S. is satisfied so far with India’s moves to ensure accountability in alleged assassination plots against Sikh activists, but many steps are still needed, the U.S. ambassador to India said on Thursday, calling it a “red line for America” for which there must be consequences. Eric Garcetti was asked at a …
US satisfied so far with India Sikh plot probe, but stresses ‘red line’ Read More »
By Sarita Chaganti Singh NEW DELHI (Reuters) – India is projecting its biggest power shortfall in 14 years in June after a slump in hydropower generation, its government told Reuters, and is racing to avoid outages by deferring planned plant maintenance and re-opening idled units. The deficit also follows delays, a government source said, in …
Exclusive-India projects biggest power shortfall in 14 years in June Read More »
BENGALURU (Reuters) – India’s state-owned refiner Hindustan Petroleum Corporation (HPCL) reported a fall in its fourth-quarter profit on Thursday, hurt by higher raw material costs and selling fuel below market prices. India has been buying cheap Russian oil since the war with Ukraine started but discounts have narrowed from $30 per barrel in 2022 to …
Indian refiner HPCL’s Q4 profit falls on higher costs Read More »
By Hritam Mukherjee and Bharath Rajeswaran BENGALURU (Reuters) -Indian shares declined on Thursday, dragged down by Larsen and Toubro after the construction company posted disappointing revenue outlook, while volatility continued to climb amid jitters over the outcome of the ongoing national elections. The blue-chip NSE Nifty 50 fell 1.55% to 21957.50 points, while S&P BSE …
Indian shares drop most in three months; L&T drags Read More »
By Neha Arora NEW DELHI (Reuters) – India is considering offering incentives to encourage private companies to set up lithium processing facilities, as New Delhi tries to develop its nascent lithium mining and boost supplies of the EV battery metal, three government sources said. It would offer incentives to companies to set up lithium processing …
India considers incentives for lithium processing, sources say Read More »
BENGALURU (Reuters) – Olympic and world javelin champion Neeraj Chopra said Indian athletes have shown they can compete with the European powerhouses of the event and that the key to success at the Paris Games is maintaining their self-belief. European athletes had won 15 of the last 16 gold medals in the men’s event before …
Olympics-India’s Chopra says belief key to success in Paris Games Read More »
By Milounee Purohit BENGALURU (Reuters) – India’s consumer price inflation is likely to have eased to 4.80% in April, just shy of March’s rate as food inflation remains sticky, according to economists polled by Reuters. While headline inflation has moderated in recent months, food prices, which account for nearly half the consumer price index (CPI) …
India inflation likely slipped in April: Reuters poll Read More »
By Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee rose slightly on Thursday aided by likely dollar inflows, even as most Asian currencies slipped amid a rise in U.S. bond yields. The rupee was at 83.49 against the U.S. dollar as of 11:45 a.m. IST, against its close at 83.5175 in the previous session. The …
Rupee ticks higher on inflows, importer dollar demand caps gain Read More »
BENGALURU (Reuters) – Shares of Larsen and Toubro (L&T) fell as much as 5.6%, their worst intraday fall in four years, after the Indian engineering company forecast a subdued revenue growth outlook for the current fiscal year. L&T’s stock fell the most since May 2020 as well as hit the lowest level since Feb 22 …
India’s Larsen and Toubro falls most in four years after tepid FY25 outlook Read More »
