By Bharath Rajeswaran and Manvi Pant BENGALURU (Reuters) -Indian shares rose for a third straight session on Tuesday and volatility plunged to within a whisker of its record closing low as worries over a major escalation in the Middle East conflict abated. The NSE Nifty 50 settled 0.14% higher at 22,368, while the S&P BSE …
Indian shares inch up as risk sentiment improves, volatility eases Read More »
MUMBAI (Reuters) – The Reserve Bank of India (RBI) bought $8.56 billion on a net basis in the spot foreign exchange market in February, data released on Tuesday as part of the central bank’s monthly bulletin showed. The RBI did not sell any dollars in the spot market in February. In January, the central bank …
India cenbank bought net $8.56 billion in spot forex market in February, bulletin shows Read More »
(Reuters) -A Delhi court on Tuesday extended the pre-trial detention of Indian opposition leader Arvind Kejriwal until May 7 in a corruption case, the legal news website Live Law reported. Kejriwal, the chief minister of the national capital territory of Delhi, was arrested last month in connection with graft allegations relating to the city’s liquor …
Indian court extends pre-trial detention of opposition leader Kejriwal Read More »
NEW DELHI (Reuters) – Reliance Industries, JSW Neo Energy and Amara Raja Advanced Cell Technologies are among seven companies who have submitted bids to set up battery manufacturing gigafactory in India, the government said on Tuesday. The companies have submitted bids to set up units to manufacture advanced chemistry cells with a total capacity of …
JSW, Amara Raja, Reliance submit bids to make batteries in India Read More »
NEW DELHI (Reuters) – Rajasthan Royals opener Yashasvi Jaiswal roared back to form with a timely hundred against Mumbai Indians in the Indian Premier League on Monday to strengthen his claim for a place in the India squad for the T20 World Cup in June. Jaiswal was India captain Rohit Sharma’s opening partner in the …
Cricket-India’s Jaiswal sends timely reminder ahead of T20 World Cup Read More »
By Rama Venkat BENGALURU (Reuters) – India’s Vodafone Idea garnered bids worth 881.30 billion rupees ($10.57 billion) from investors as part of the debt-saddled telecom operator’s plan to raise $2.16 billion in a follow-on public offering (FPO), the country’s largest ever. Investors bid for 80.12 billion shares, or 6.36 times the shares on offer, at …
BENGALURU (Reuters) – India’s IndusInd Bank said on Monday it has executed transactions to pay farmers for carbon credits with a programmable version of the Reserve Bank of India’s digital currency, or e-rupee. The RBI piloted its central bank digital currency (CBDC), which uses distributed-ledger technology, in 2022 and allows banks to offer these tokens. …
India’s IndusInd Bank pilots cenbank’s e-rupee payments program with farmers Read More »
By Sakshi Dayal NEW DELHI (Reuters) – India’s main opposition Congress party petitioned the Election Commission on Monday to act against Prime Minister Narendra Modi for making what it said were “deeply objectionable” comments about Muslims that violated election laws. Modi, who is seeking a rare third consecutive term, referred to Muslims as “infiltrators” during …
India’s Congress seeks action against Modi for comments about Muslims Read More »
By Tora Agarwala GUWAHATI (Reuters) – A re-run of voting at 11 polling stations in India’s restive northeastern state of Manipur concluded peacefully on Monday with a turnout of almost 82%, election commission officials said, days after polling was marred by violence. Manipur has seen fierce fighting between its minority Kuki-Zo and majority Meitei populations …
Re-run of vote concludes peacefully in India’s restive Manipur state Read More »
BENGALURU (Reuters) – Japan’s Mitsubishi UFJ Financial Group (MUFG) is considering sweetening its $1.7 billion offer for a minority stake in Indian lender HDFC Bank’s non-banking unit, Bloomberg News reported on Monday. Both sides are looking to reach an agreement for a 20% stake in HDB Financial Services in about a month, the report said, …
Japan’s MUFG mulls sweeter offer for India’s HDB Financial, Bloomberg News reports Read More »
