Reuters India Top

India’s Congress party says bank accounts frozen over $25 million tax demand

16 Feb 2024

NEW DELHI (Reuters) -India’s main opposition Congress party said on Friday its bank accounts had been frozen over a 2.1 billion rupee ($25.3 million) income tax demand in connection with a dispute, months before national elections. The party called the action “a deep assault on India’s democracy”, adding that an income tax tribunal had however …

India’s Congress party says bank accounts frozen over $25 million tax demand Read More »

Auto parts maker Schaeffler India’s Q4 profit drops on higher input costs

16 Feb 2024

BENGALURU (Reuters) – Auto components maker Schaeffler India reported a nearly 6% fall in fourth-quarter profit on Friday, as expenses rose. The drop in bottomline of the bearings company mirrors smaller peer Timken India’s drop in quarterly profit. Schaeffler India’s profit was 2.17 billion rupees (about $26 million) for the quarter ended Dec. 31, compared …

Auto parts maker Schaeffler India’s Q4 profit drops on higher input costs Read More »

India’s tech sector growth rate seen halving to 3.8% in FY24 – Nasscom

16 Feb 2024

(Reuters) – India’s technology sector is expected to grow at a slower pace this fiscal year as clients hold back spending and delay decision-making, its main industry body said on Friday. The National Association of Software and Service Companies (Nasscom) expects the industry’s revenue to grow 3.8% to $253.9 billion, compared with the previous fiscal …

India’s tech sector growth rate seen halving to 3.8% in FY24 – Nasscom Read More »

India gives initial nod to buy 15 Airbus C-295, 6 refuelling aircraft

16 Feb 2024

By Krishn Kaushik NEW DELHI (Reuters) -The Indian government on Friday gave initial approval for the purchase of 15 maritime patrol aircraft from Airbus and six air-refuel aircraft, officials said. The defence acquisition council, the top Defence Ministry body for arms acquisition, approved projects worth 845.6 billion rupees ($10.19 billion) for the country’s armed forces …

India gives initial nod to buy 15 Airbus C-295, 6 refuelling aircraft Read More »

Indian farmers pause protest march to Delhi as government talks continue

16 Feb 2024

By Rupam Jain and Sunil Kataria AMBALA, India (Reuters) -Indian farmers demanding higher prices for their crops said they had paused their protest march to New Delhi on Friday until their unions hold another round of talks with government ministers on Sunday. Agriculture Minister Arjun Munda, who met farmers’ representatives late on Thursday along with …

Indian farmers pause protest march to Delhi as government talks continue Read More »

Two dead, scores injured after police open fire in India’s Manipur state

16 Feb 2024

By Tora Agarwala GUWAHATI, India (Reuters) – At least two people were killed and scores injured in India’s northeastern Manipur state after security forces opened fire at a mob in Churachandpur district late on Thursday, a police official said, as sporadic violence continued in the region. Close to 200 people have died since fierce fighting …

Two dead, scores injured after police open fire in India’s Manipur state Read More »

India ministers, farmers unions to hold talks hoping to end protests

15 Feb 2024

By Sunil Kataria and Anushree Fadnavis AMBALA, India (Reuters) -Farmers unions in India will hold talks with government ministers on Thursday, a union leader said, after two days of protests demanding higher prices for their crops. Police have used tear gas and barricades to stop thousands of farmers from marching to the capital New Delhi …

India ministers, farmers unions to hold talks hoping to end protests Read More »

Close Bitnami banner
Bitnami