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By YP Rajesh NEW DELHI (Reuters) – Ministers and lawmakers from India’s southern states protested in the capital New Delhi on Wednesday against what they said was discrimination in federal funds distribution by Prime Minister Narendra Modi’s government. The protest, led by the chief minister of Karnataka state, brings to the fore long-running differences between …

India’s southern states protest against federal funds distribution by Modi govt Read More »

By Manoj Kumar NEW DELHI (Reuters) – India plans to protest the European Union’s proposed carbon tax on imports of steel, iron ore and cement at the next meeting of World Trade Organization (WTO) later this month, saying it would emerge as a new trade barrier, two government sources said. New Delhi, along with South …

India plans to protest EU’s carbon tax at WTO meeting – sources Read More »

QUITOL, India (Reuters) -State oil giant Saudi Aramco is in investment discussions with companies in India, a senior executive said on Wednesday. “Hopefully we will see some announcements soon on investment in Indian companies,” Faisal Faqeer, senior vice-president, liquids to chemicals development, downstream, at Saudi Aramco, told delegates at the India Energy Week in Goa, without specifying its plans. …

Saudi Aramco in investment discussions with Indian companies – exec Read More »

BENGALURU (Reuters) – Shares of Paytm climbed as much as 10% on Wednesday after media reported that the embattled digital payments firm’s CEO had met India’s finance minister and central bank to try to resolve a regulatory crackdown on its payments bank business. Paytm shares climbed as high as 496.25 rupees but remained far below …

India’s Paytm shares jump after reports CEO met RBI, finance minister Read More »

By Bharath Rajeswaran and Ashna Teresa Britto BENGALURU (Reuters) -Indian shares advanced on Wednesday, led by financial services and tracking their Asian peers, with an earnings-led rise in real estate stocks also lending support. The NSE Nifty 50 index rose 0.30% at 21,997.50, while the S&P BSE Sensex was up 0.28% at 72,389.03, as of 10:28 a.m …

Indian shares rise led by financials, real estate Read More »

By Milounee Purohit BENGALURU (Reuters) – The Indian rupee will remain in a tight range and appreciate only slightly against the U.S. dollar over the coming year as the Reserve Bank of India continues to intervene in currency markets despite a strong economy, according to a Reuters poll. The rupee has gained only 0.2% against …

Indian rupee to gain slightly this year amid continued RBI intervention: Reuters poll Read More »

NEW DELHI (Reuters) – At least 11 people were killed and dozens injured on Tuesday after a blast ripped through a firecracker factory in central India’s Madhya Pradesh state at midday, media reports said. Television footage showed a towering blaze and smoke billowing from the factory in the Harda district after the explosion, as fire …

Blast at Indian firecracker factory kills 11, dozens injured – media Read More »

By Aditya Kalra and M. Sriram MUMBAI (Reuters) – India’s MakeMyTrip and insurance seller PolicyBazaar have told the central bank its crackdown on digital payments firm Paytm will hurt investment in the fast-growing financial-technology sector, a letter seen by Reuters showed. The Reserve Bank of India (RBI) last week ordered Paytm’s banking unit, which powers …

India’s MakeMyTrip, PolicyBazaar warn RBI of fintech hit after Paytm crackdown -letter Read More »