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NEW DELHI (Reuters) – India’s main opposition Congress party is likely to win two of five state assembly elections while it is in close contest with Prime Minister Narendra Modi’s ruling nationalist party in two heartland states, TV exit polls showed on Thursday. The state elections are seen as a big test of Modi’s chances …

India’s ruling BJP, opposition Congress in tight race to win state elections-exit polls Read More »

(Reuters) -Whirlpool will sell up to 24% of its stake in the company’s India business in a bid to reduce debt, weeks after the unit reported weaker profit due to rising competition and pricing pressures. The company did not disclose a deal value and does not expect the sale of Whirlpool of India to impact …

Whirlpool to sell 24% stake in India business to reduce debt Read More »

NEW DELHI (Reuters) – India’s economy expanded 7.6% in the July-September quarter from a year earlier, compared with 7.8% growth in the previous quarter, government data showed on Thursday. Economists had expected Asia’s third-largest economy to grow 6.8% during the three-month period, according to a Reuters poll. (Reporting by Shivangi Acharya and Sarita Chaganti Singh; …

India’s July-Sept quarter GDP grew 7.6% – govt Read More »

NEW DELHI (Reuters) – India’s infrastructure output rose 12.1% year-on-year in October with growth across all sectors, government data showed on Thursday. Infrastructure output, which comprises eight sectors including coal and electricity, accounts for nearly 40% of industrial production. Electricity generation grew 20.3% in the month, coal production rose 18.4% and the steel sector expanded …

India’s October infrastructure output up 12.1% on year Read More »

NEW DELHI (Reuters) – India’s fiscal deficit for the first seven months of the financial year that started April 1 was 8.04 trillion Indian rupees, or 45% of the estimate for the whole year, government data showed on Thursday. April-October net tax revenues were 13.02 trillion rupees, or 55.9% of the annual estimate, compared with …

India’s fiscal deficit at 8.04 trln rupees in April-Oct – govt Read More »

By Milounee Purohit BENGALURU (Reuters) – Home prices in India will rise faster than consumer inflation next year, according to a Reuters poll of property analysts who mostly said growth would be driven by higher earners snapping up newly-built luxury residences in cities. Backed by broad optimism about the fastest-growing major economy, India’s housing market …

India home prices to outstrip inflation, driven by high end of market: Reuters poll Read More »