By Shivam Patel NEW DELHI (Reuters) – A Himalayan glacial lake in India probably burst its banks this week after chunks of ice fell into it in an apparent avalanche following heavy rains, triggering deadly flash floods in a small mountain state, experts told Reuters. At least 18 people have died and nearly 100 remain …
Explainer-Deadly Himalayan lake flooding in India likely caused by avalanche Read More »
By Subrata Nag Choudhury and Jatindra Dash NEW DELHI/KOLKATA (Reuters) -At least 18 people were killed and nearly 100 were missing on Thursday after heavy rains caused a Himalayan glacial lake in northeast India to burst its banks, the worst such disaster in the region in more than 50 years. Lhonak Lake in Sikkim state …
Himalayan lake flooding in India kills 18, nearly 100 missing Read More »
NEW DELHI (Reuters) -Afghanistan’s embassy in New Delhi continues to function, India’s foreign ministry said on Thursday, days after the embassy announced that it was suspending operations. India does not recognise Afghanistan’s Taliban government though has allowed the ambassador and mission staff, who were appointed by the government of ousted Afghan President Ashraf Ghani, to …
India says Afghan embassy still open despite suspension announcement Read More »
BENGALURU (Reuters) – Goldman Sachs favours large-cap Indian stocks that have lagged the broader market recently for one of its bets ahead of the country’s general elections next year, as the broader macro outlook warrants a conservative stance, it said on Thursday. Besides large-cap laggards, the Wall Street brokerage prefers companies with stable growth and …
Indian large-cap laggards among Goldman Sachs’ ‘conservative’ bets ahead of elections Read More »
By Nikunj Ohri and Rajendra Jadhav NEW DELHI (Reuters) – India’s Goods and Services Tax (GST) Council will discuss exempting distilled alcohol used to manufacture liquor from the indirect tax at its meeting on Oct. 7, according to a source. High distilled or extra neutral alcohol contains 95% alcohol by volume and is used for …
By Rupam Jain NEW DELHI (Reuters) – Indian police expanded on Thursday an investigation into suspected illegal foreign funding of a news portal, accusing it in court of having sought to create an incorrect map of the country and also sabotage general elections in 2019. An official of the home (interior) ministry said Delhi police …
Indian police widen probe into funding of news portal Read More »
BENGALURU (Reuters) – J.P.Morgan analysts expect investors to parse upcoming second-quarter results and commentary from Indian IT companies for signs of recovery in deal signings in fiscal 2025 following a “washout” year. “We remain negative on the sector as we haven’t seen a meaningful uptick in demand in our recent checks. We think the overall …
Indian IT firms set for “washout” year, focus now on 2025 – J.P.Morgan Read More »
BENGALURU (Reuters) -Indian non-bank lender Bajaj Finance said on Thursday it will raise up to 100 billion rupees ($1.20 billion) by issuing shares to institutional investors and warrants to its largest shareholder. The plan comes as demand for loans surges and competition heats up in the sector with the entry of Jio Financial Services, carved …
India’s Bajaj Finance to raise $1.2 billion via share, warrant issue Read More »
NEW DELHI (Reuters) – An Indian news portal being investigated over alleged illegal funding said on Wednesday it does not publish propaganda and its funding had been received through appropriate banking channels. NewsClick said in a statement it has been accused of crimes under the Unlawful Activities Prevention Act (UAPA) for purportedly carrying Chinese propaganda …
Indian news portal denies illegal funding, propaganda claims Read More »
By Milounee Purohit BENGALURU (Reuters) – The Indian rupee will trade in a tight range over the coming months as the Reserve Bank of India continues to intervene in the market to shield the currency against a strong U.S. dollar, according to a Reuters poll of FX analysts. Although most emerging market currencies have taken …
Indian rupee to trade in tight range as RBI keeps intervening – Reuters poll Read More »
