By Neha Arora and Manvi Pant NEW DELHI/BENGALURU (Reuters) – Leading Indian steel producers, including JSW Steel Ltd and Tata Steel Ltd, are expected to invest billions in a record capacity increase to benefit from rising domestic demand in one of the world’s fastest growing economies. A spurt in economic activity and a revamp of …
India’s steel majors to invest billions to meet buoyant local demand Read More »
NEW DELHI (Reuters) – India’s main reservoirs have hit their lowest March levels in five years, government data showed, indicating a possible squeeze on drinking water and power availability this summer. In major centres such as India’s ‘Silicon Valley’ Bengaluru, home to firms like Google, water supply is already being curtailed. The 150 reservoirs monitored …
India stares at summer water crisis as reservoir levels slide Read More »
MUMBAI (Reuters) – Indiabulls Housing Finance plans to raise funds through the sale of dollar-denominated bonds maturing in three years and three months, two merchant bankers said on Tuesday. The non-banking financial company may look to raise around $300 million to $500 million via this bond issue, the bankers added. It has appointed Barclays, CLSA, …
Indiabulls Housing Finance to issue dollar bonds, bankers say Read More »
BENGALURU (Reuters) – India’s Adani Green Energy said on Tuesday it is aware of a U.S. investigation into potential violations of anti-corruption laws by a “third party”, but denied any relationship with the entity. Adani’s comment comes days after Bloomberg News reported that U.S. investigators were probing whether an Adani entity or individuals linked to …
India’s Adani Green says aware of US probe into third party, denies relationship Read More »
By David Stanway SINGAPORE (Reuters) – Pakistan remained one of the world’s three smoggiest countries in 2023, as Bangladesh and India replaced Chad and Iran, with particulate matter about 15 times the level recommended by the World Health Organization, data published on Tuesday showed. Average concentrations of PM2.5 – small airborne particles that damage the …
Bangladesh, Pakistan and India bottom in air quality rankings in 2023, data shows Read More »
NEW DELHI (Reuters) – All-rounder Hardik Pandya has declared himself fit to bowl in the upcoming Indian Premier League (IPL), a major boost for Mumbai as well as India ahead of the T20 World Cup in June. Pandya has been out of action since last October after suffering an ankle injury during a 50-overs World …
Cricket-Mumbai skipper Pandya fit to bowl in IPL, Kohli back in action for Bangalore Read More »
By Swati Bhat, Siddhi Nayak and Jaspreet Kalra MUMBAI (Reuters) -India’s central bank is stepping up its fight against “exuberance” in retail lending, targeting new areas including mortgage-linked “top-up” loans, on concern about rising risks to the financial system, a dozen sources said. The Reserve Bank of India (RBI) is tightening its supervision of the …
India cenbank widens scrutiny of credit ‘exuberance’, sources say Read More »
By Shivam Patel NEW DELHI (Reuters) -India’s “lottery king”, accused by the authorities of fraud and money laundering, has emerged with his company as the nation’s top political donor under an opaque funding system that has just been partially opened to scrutiny. Santiago Martin’s Future Gaming and Hotel Services spent 13.68 billion Indian rupees ($165 …
India’s ‘lottery king’ emerges as top political donor in opaque system Read More »
By YP Rajesh NEW DELHI (Reuters) -India will elect a new parliament in seven phases between April 19 and early June, the country’s election authority said on Saturday, in what amounts to the world’s largest election with nearly one billion eligible to vote. The election pits two-term strongman Prime Minister Narendra Modi and his regional …
India vote to start on April 19, Modi says confident of win Read More »
LONDON (Reuters) – The latest round of trade talks between Britain and India has concluded without a deal, with a British official saying an agreement could not be finalised ahead of the upcoming Indian elections. The two countries have held stop-start talks over a Free Trade Agreement (FTA) for two years and both are set …
UK sees trade talks on hold until after India’s election Read More »
