MUMBAI (Reuters) – The Reserve Bank of India is likely selling dollars once again via state-run banks to make sure the rupee does not slip to a record low, four traders told Reuters on Friday. The rupee was at 83.24 to the U.S. dollar, barely changed from the previous session. This is despite broad losses …
India cenbank likely selling dollars to keep rupee off record low – traders Read More »
NEW DELHI (Reuters) -India considers the weekend attack by Hamas militants in Israel a “terrorist attack”, a spokesperson for the country’s foreign ministry said Thursday, while reiterating its longstanding position for an independent Palestine. “We see this as a terrorist attack,” the spokesperson said. Israel has vowed to annihilate the Hamas movement that governs the …
India condemns Hamas ‘terrorist attack’, reiterates backing for independent Palestine Read More »
NEW DELHI (Reuters) -Canada’s Senate speaker will not attend a two-day G20 event in New Delhi this week, India said on Thursday, as ties remain frozen after Canada said it is investigating allegations linking Indian agents to the killing of a Sikh separatist leader. Speaker Raymonde Gagne will not be present at the two-day parliamentary …
India says Canadian senate speaker to skip G20 event in New Delhi Read More »
By Nikunj Ohri and Sarita Chaganti Singh NEW DELHI (Reuters) -India’s industrial output grew in August at its fastest pace in more than a year on strong manufacturing, electricity and mining activity, Ministry of Statistics data showed on Thursday. Industrial production rose 10.3%, while for July it was revised up to 6% from 5.7%. Analysts …
India’s August industrial output rises at fastest pace in more than a year Read More »
(Reuters) – India’s retail inflation eased to a three-month low in September on the back of softer vegetable prices, but remained above 4%, a target that the country’s central bank has signalled would be key before easing rates. Annual retail inflation rose 5.02% in September from 6.83% the previous month. A Reuters poll of 66 …
Instant View: India’s retail inflation eases to three-month low in September Read More »
BENGALURU (Reuters) – India’s central bank said on Thursday it has imposed a penalty of 53.9 million rupees ($647,762.58) on Paytm Payments Bank for non-compliance with some provisions, including Know Your Customer (KYC) directions. According to the Reserve Bank of India (RBI), Paytm Payments Bank had failed to identify beneficial owners of entities on-boarded by …
India’s cenbank imposes penalty on Paytm Payments Bank Read More »
By Sethuraman N R and VarunVyas Hebbalalu BENGALURU (Reuters) -Infosys cut the upper end of its annual revenue forecast on Thursday, raising concerns about near-term demand for services provided by the $245 billion Indian information technology sector. The No.2 Indian software-services exporter said it now sees full-year revenue growth at 1%-2.5% excluding foreign exchange volatility, …
India’s Infosys cuts top end of FY revenue outlook Read More »
MOSCOW (Reuters) – Russia and India are in discussions about a summit between President Vladimir Putin and Prime Minister Narendra Modi this year, India’s ambassador to Moscow was quoted by Russian news agency RIA as saying. “It is being discussed. There are high-level discussions going on,” ambassador Pavan Kapoor said. (Reporting by Reuters)
By Shivani Tanna and Baranjot Kaur (Reuters) -At least four people were killed and about 60 injured as an express train derailed in the Indian state of Bihar on Wednesday, a police official told Reuters. Some coaches of North-East Express train, which runs from Delhi to Assam derailed at the Raghunathpur railway station in Bihar’s …
At least 4 killed, about 60 injured as train derails in Bihar, India Read More »
By Amlan Chakraborty NEW DELHI (Reuters) -World Cup hosts India cantered to their second successive win of the tournament after captain Rohit Sharma’s incendiary century set up their eight-wicket thrashing of Afghanistan on Wednesday. Rohit belted 131 off 84 balls, clobbering five sixes and 16 fours, as twice champions India chased down a 273-run victory …
Cricket-Rohit flattens Afghanistan as India romp to second win Read More »
