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By Nikunj Ohri and Manoj Kumar NEW DELHI (Reuters) – Rising profits at India’s state-run banks could produce nearly $2 billion in dividends for the government in the next fiscal year starting in April, a solid jump from this year, a top finance ministry official said. Since taking charge in 2014, Prime Minister Narendra Modi …

India expects $1.8 billion in dividends from state-run banks in 2024/25 – Finance Minister official Read More »

By Amlan Chakraborty NEW DELHI (Reuters) – England came prepared for the usual trial by spin that greets touring sides in India but a “magical” seam-bowling masterclass by Jasprit Bumrah in Visakhapatnam saw their hopes of victory in the second test vanish into thin air. To deal with the expected conditions, England picked spin-heavy attacks …

Cricket-Bazball meets its match in the ‘magic’ of Bumrah Read More »

By Bharath Rajeswaran BENGALURU (Reuters) -Indian shares shrugged off a dull start to move higher on Tuesday, led by information technology stocks on improving prospects of a soft landing in the U.S. economy, although a drop in energy stocks kept a lid on gains. The NSE Nifty 50 index added 0.38% at 21,853.25 as of …

IT stocks help Indian shares shrug off dull start Read More »

BENGALURU (Reuters) – India’s biggest private lender by market capitalisation, HDFC Bank, said on Tuesday it has received approval from the Reserve Bank of India (RBI) to acquire up to a 9.5% stake each in six private lenders. The approval lets HDFC Bank buy stakes in ICICI Bank, IndusInd Bank, Yes Bank, Axis Bank, Bandhan …

India’s HDFC Bank gets cenbank nod to buy 9.5% stake each in six banks Read More »

QUITOL, India (Reuters) – India’s top refiner Indian Oil Corp expects its gasoline sales to rise 4.5%-5% in the financial year ending on March 31, 2025, the company’s head of marketing said on Tuesday. “We are seeing a steady growth in MS (gasoline) sales,” Satish Kumar Vaduguri told reporters on the sidelines of the India …

India’s IOC sees growth in gasoline, diesel sales in FY2024/2025 Read More »

QUITOL, India (Reuters) – Adani Total Pvt Ltd’s Dhamra terminal has received 15 commercial liquefied natural gas (LNG) cargoes since commissioning in May 2023 and is operating at a utilisation rate of 55%, CEO Satinder Pal Singh said on Tuesday. Singh, speaking on the sidelines of the India Energy Week event in the state of …

Adani Total says Dhamra LNG terminal operating at 55% utilisation rate Read More »

By Chiranjit Ojha BENGALURU (Reuters) – Indian chess grandmaster and former world champion Viswanathan Anand is hoping his elite academy can become a pipeline for future Indian talent. Anand, who won his first world championship in 2000 before claiming four more back-to-back from 2007 to 2012, now trains young Indians at his WestBridge Anand Chess …

Chess-Anand’s gambit: Former champion hopes academy can produce Indian world-beaters Read More »

(Reuters) – India will not provide information to Canadian investigators over the murder of a Sikh separatist leader until Canada shares evidence, India’s High Commissioner to Canada told the Globe & Mail newspaper in an interview published on Monday. “We need relevant and specific evidence for us to help the Canadian authorities,” High Commissioner Sanjay …

India won’t aid Canada probe on Sikh separatist’s killing till evidence shared – report Read More »