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By Krishna N. Das and Saurabh Sharma ALIGARH, India (Reuters) – A Hindu group closely linked to Indian Prime Minister Narendra Modi is installing Muslims loyal to it in leadership positions at Muslim universities as part of a push to garner Muslim votes ahead of national elections, officials said. The Rashtriya Swayamsevak Sangh (RSS), which …

Exclusive-India Hindu group puts allies in Muslim universities in outreach for votes Read More »

By Jaspreet Kalra and Ira Dugal MUMBAI (Reuters) – Paytm Payments Bank, which India’s central bank has ordered to wind down by Feb. 29, is seeing transactions it handles slowly drop off as customers are uncertain what will happen in March, according to two sources directly aware of the matter. There has been only a …

India’s Paytm bank’s slow drop-off in transactions may prompt deadline extension -sources Read More »

By Nimesh Vora MUMBAI (Reuters) – The Indian rupee is expected to weaken through Friday’s session in the wake of the mostly struggling Asian peers following more pushback on imminent Federal Reserve rate cuts and a jump in oil prices. Non-deliverable forwards indicate the rupee will open slightly lower to the U.S. dollar from 82.9550 …

Rupee expected to be under pressure on dollar outlook, oil prices Read More »

By Milounee Purohit BENGALURU (Reuters) – India’s retail inflation likely eased to a three-month low of 5.09% in January on slowing food price rises and favourable base effects, according to economists polled by Reuters who also predicted a moderation in core inflation to 3.70%. The Reserve Bank of India, which held its repo rate at …

India inflation likely cooled to a three month low in January: Reuters poll Read More »

By Rajendra Jadhav MUMBAI (Reuters) – The rebound in palm oil prices is likely to be capped by abundant supplies of rival soyoil and sunflower oil, “soft” oils that are available at discounts to tropical palm oil for the first time in more than a year. Benchmark Malaysian palm oil futures have risen nearly 5% …

Palm oil buyers switch to cheaper rival oils, hampering price recovery Read More »

By Rupam Jain NEW DELHI (Reuters) – Indian Prime Minister Narendra Modi’s ruling Hindu nationalist party will secure a clear majority in general elections this summer, a win that will ensure a comfortable third term for Modi, an opinion poll showed on Thursday. Findings from the “Mood of the Nation Poll”, a survey by private …

Modi’s BJP to win India’s 2024 polls, seat share may fall: survey Read More »

By Nishit Navin, Siddhi Nayak and Nikunj Ohri BENGALURU (Reuters) -Life Insurance Corporation of India reported a nearly 50% rise in third-quarter profit on Thursday, as it moved more money to a shareholders’ fund. LIC, India’s largest insurer, posted a profit after tax of 94.44 billion rupees ($1.14 billion) for the quarter ended Dec. 31, …

India’s LIC posts Q3 profit rise on higher shareholders’ fund transfer Read More »

BENGALURU (Reuters) – India’s United Breweries reported a profit in the third quarter on Thursday, as improved demand helped mitigate the impact of higher costs. The company, partly owned by Dutch brewer Heineken NV, has been grappling with elevated costs due to rising raw material prices, including glass and extra neutral alcohol (ENA), a primary …

India’s United Breweries posts Q3 profit Read More »