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By Nikunj Ohri NEW DELHI (Reuters) – The Indian government is open to a minority stake sale in General Insurance Corporation of India (GIC) and Life Insurance Corporation of India (LIC) in financial year 2024/25 after assessing investor appetite, a government source told Reuters on Friday. “The government has received good feedback in investor roadshows for GIC, …

India govt open to selling stake in GIC Re, LIC in FY24/25, says source Read More »

MUMBAI (Reuters) -Indian conglomerate Tata Group has sought a formal waiver from the central bank to avoid listing Tata Sons, its holding company and non-banking finance firm, on stock exchanges, Bloomberg News reported on Friday, citing people familiar with the matter. In seeking the waiver, Tata Sons told the central bank it has used the …

India’s Tata Group seeks waiver from listing NBFC, Bloomberg News reports Read More »

By Swati Bhat MUMBAI (Reuters) – India’s success in the disinflation process should not distract the central bank’s monetary policy committee (MPC) from the inflation trajectory’s vulnerability to frequent supply-side shocks, Governor Shaktikanta Das wrote in the minutes of the April policy meeting released on Friday. Earlier this month, the six-member rate-setting committee kept the …

India cenbank cannot let its inflation guard down just yet, MPC minutes show Read More »

By Aditi Shah NEW DELHI (Reuters) – Archer Aviation, backed by Stellantis and Boeing, aims to begin trials of its electric air taxi in India next year, ahead of a planned commercial launch in 2026, the company’s chief executive told Reuters on Friday. U.S.-based Archer last year partnered with InterGlobe Enterprises, which backs India’s top …

Archer Aviation aims to start electric air taxi trials in India next year Read More »

BENGALURU (Reuters) – Shares of Infosys fell as much as 2.9% on Friday, a day after India’s No.2 software services exporter forecast annual revenue below expectations, raising doubts over predictions of early recovery in the sector. Its shares were down at 2% at 1,390 rupees by 09:19 a.m. IST, their lowest since Nov. 2023. The …

India’s Infosys falls as annual revenue outlook disappoints Read More »

By Krishna N. Das (Reuters) – Nearly 1 billion Indians will be eligible to vote in the world’s biggest election starting this month. Opinion polls predict an easy win for Prime Minister Narendra Modi and his Bharatiya Janata Party (BJP),which would give him a record-equalling third straight term. Here are some of the key issues …

Explainer-India’s Lok Sabha election 2024: What are the key issues? Read More »

(Reuters) – India, with nearly a billion eligible voters, set off on the world’s largest electoral exercise on Friday. The country has more than 2,500 political parties but just 10 of them hold 86% of all seats in the Lok Sabha, the lower house of parliament. A serious contest between a few parties will likely …

Factbox-India’s Lok Sabha election 2024: the main political parties and candidates Read More »

By Will Dunham WASHINGTON (Reuters) – Fossil vertebrae unearthed in a lignite mine are the remains of one of the largest snakes that ever lived, a monster estimated at up to 49 feet (15 meters) in length – longer than a T. rex – that prowled the swamps of India around 47 million years ago. …

Fossils of colossal snake Vasuki unearthed in India mine Read More »

By VarunVyas Hebbalalu BENGALURU (Reuters) -India’s Bajaj Auto is aiming to achieve its target of producing 10,000 units of its Triumph motorcycles each month by September, a company executive said on Thursday. “I would pin that in the first half (of fiscal 2025),” Dinesh Thapar, Bajaj Auto’s financial chief, said in a post-earnings call when …

India’s Bajaj Auto aims to make 10,000 Triumph units a month by September, CFO says Read More »