NEW DELHI (Reuters) – India’s anti-terrorism agency on Wednesday released a photograph of a man it said was the suspected bomber of a cafe in the tech hub of Bengaluru last week and announced a cash reward of 1 million rupees ($12,000) for information leading to his arrest. The blast at Rameshwaram Cafe in the …
India’s anti-terrorism agency announces reward over Bengaluru blast Read More »
By Swati Bhat MUMBAI (Reuters) -The Indian economy’s GDP growth in the current fiscal year ending in March could be “very close” to 8%, Reserve Bank of India (RBI) governor Shaktikanta Das said in an interview with television channel ET Now on Wednesday. India’s economy grew at 8.4%, its fastest pace in 18 months, in …
India’s annual GDP growth could be ‘very close’ to 8%, says RBI chief Read More »
By Milounee Purohit BENGALURU (Reuters) – The Indian rupee will trade in a narrow range against the U.S. dollar over coming months and gain slightly in a year as the Reserve Bank of India continues to intervene in currency markets, according to a Reuters poll of strategists. Unlike most emerging market currencies, the rupee has …
Indian rupee to remain range-bound in near-term, inch up in a year: Reuters poll Read More »
By Aditya Kalra and Munsif Vengattil NEW DELHI (Reuters) -Alphabet’s Google will restore the Indian apps it deleted after a billing dispute, the company said on Tuesday, a reversal in stance following pushback from the government and local internet startups. The U.S. firm on Friday removed more than 100 Indian apps, including popular ones by …
Google relists Indian apps in U-turn after government criticism Read More »
By Nidhi Verma NEW DELHI (Reuters) – Hindustan Petroleum Corp plans to start operating its new 180,000 barrels per day Barmer refinery in India’s desert state of Rajasthan by end-December using mostly Middle East oil, its head of refineries S Bharatan said. The state-run company expects the refinery to reach full capacity in about a …
HPCL to start Rajasthan refinery by end-Dec using mostly Mideast oil Read More »
By Swati Bhat MUMBAI (Reuters) -Bloomberg Index Services said on Tuesday it would include in its Emerging Market Local Currency Index from Jan. 31 next year 34 Indian government bonds eligible for investment via the country’s fully accessible route (FAR). “The inclusion of these bonds will be phased in over a 10-month period starting on …
Bloomberg to add Indian bonds to EM debt indexes from January 2025 Read More »
By Bharath Rajeswaran and Kashish Tandon BENGALURU (Reuters) -Indian shares fell on Tuesday, snapping a four-session winning streak, dragged by information technology stocks on concerns over near-term earnings, while a jump in Tata Motors on demerger plans capped losses. The blue-chip index NSE Nifty 50 shed 0.22% to 22,356.30, while the BSE Sensex dropped 0.26% …
Indian shares snap winning run on IT slide; surge in Tata Motors limits losses Read More »
(This March 4 story has been corrected to fix the split of responses on an affordability question to 7-5 from 8-4 in paragraph 11) By Milounee Purohit BENGALURU (Reuters) – Average home prices in India are set to rise 7% this year and next, driven by purchases of luxury properties, according to analysts polled by …
India home prices to rise 7% this year and next – Reuters poll Read More »
By Anant Chandak BENGALURU (Reuters) – Activity in India’s services sector continued to accelerate in February, albeit at a slightly slower pace, according to a business survey that also showed inflationary pressures were cooling. Tuesday’s survey injects a sense of optimism in the industry, the engine of economic growth and jobs, suggesting Asia’s third largest …
India’s February services growth remained robust but slowed slightly Read More »
By Nidhi Verma NEW DELHI (Reuters) – India expects investment of about 410 billion rupees ($4.95 billion) from companies to build natural gas pipeline infrastructure in its northeastern states and northern federal territories of Kashmir and Ladakh, a minister said on Monday. India, one of the world’s biggest emitters of greenhouse gases, is seeking to …
India sees $4.95 billion investment for natural gas network in Kashmir, northeast Read More »
