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By Bharath Rajeswaran BENGALURU (Reuters) -India’s blue-chip indexes fell on Friday and logged weekly gains, dragged by consumer stocks on lacklustre earnings, while U.S. rate worries and rise in crude prices hurt sentiment. The NSE Nifty 50 index closed 0.42% lower at 19,542.65, while the S&P BSE Sensex fell 0.35% to 65,397.62. Both the benchmarks …

Mounting US rate worries, crude spike drag Indian shares to weekly losses Read More »

NEW DELHI (Reuters) – India has begun work to designate as dead at least 79 people who went missing in floods unleashed by a Himalayan glacial lake outburst two weeks ago, a senior official said on Friday, taking the death toll in the disaster to 179. The floods triggered by torrential rain and overflow from …

India to declare dead 79 people missing in Himalayan lake floods Read More »

(Reuters) – India’s vice-captain Hardik Pandya will miss Sunday’s World Cup match against New Zealand because of an injury, the Indian cricket board said on Friday. Pandya injured his left ankle while trying to stop a shot with his foot on his own bowling during Thursday’s seven-wicket win over Bangladesh in Pune. “The all-rounder was …

Cricket-India’s Hardik Pandya to miss New Zealand game due to injury Read More »

BENGALURU (Reuters) -Shares of India’s consumer goods major Hindustan Unilever (HUL) fell on Friday as a weak rebound in rural demand pushed volume growth to a seven-quarter low. The Indian unit of UK’s Unilever on Thursday reported a 2% on-year increase in volumes during the September quarter. Analysts had estimated volume growth to be between …

India’s Hindustan Unilever slides as weak rural recovery drags volume growth Read More »

By David Ljunggren OTTAWA (Reuters) -Canada has withdrawn 41 diplomats from India amid a dispute over the murder of a Sikh separatist leader, Foreign Minister Melanie Joly said on Thursday, adding that Ottawa would not take retaliatory steps. New Delhi last month asked Ottawa to reduce its diplomatic presence after Prime Minister Justin Trudeau cited …

Canada pulls 41 diplomats out of India, says New Delhi being unreasonable Read More »

By Kanishka Singh WASHINGTON (Reuters) -The United States encouraged India to work towards offering equal legal protection to same-sex couples and was “closely monitoring follow-up steps” from the Indian government after the country’s Supreme Court declined to legalize same-sex marriage, the U.S. State Department said on Thursday. India’s top court on Tuesday declined to legalize …

US monitoring India’s next steps after court declines to legalize same-sex marriage Read More »

By Ira Dugal and Jaspreet Kalra MUMBAI (Reuters) – India’s central bank has urged lenders to tighten controls on tiny personal loans following a surge in borrowing by low income consumers and may impose stricter measures to avert risks of a blowout in defaults, two people familiar with the matter said. While bad loans in …

Surge in tiny personal loans sparks Indian central bank concern Read More »

By Nandan Mandayam BENGALURU (Reuters) -Bajaj Auto on Wednesday reported its slowest second-quarter revenue growth in three years, which also missed estimates, as price hikes failed to offset weak demand in rural India, which accounts for 55% of total two-wheeler sales. The maker of the “Pulsar” range of motocycles is the first to report results …

India’s Bajaj Auto posts sluggish Q2 revenue growth on weak demand Read More »