By Martin Quin Pollard HANGZHOU, China (Reuters) – The track and field competition at the Hangzhou Asian Games was marred by another controversy on Wednesday when officials failed to record a “good” first throw made by Olympic and world champion Neeraj Chopra. The Indian eventually won the Asiad gold thanks to getting 88.88 metres on …
Games-India’s Chopra wins javelin gold despite officiating howler Read More »
BENGALURU (Reuters) – Indian consumer goods maker Marico said on Wednesday its revenue for the second quarter dipped as rising food prices and below-normal rainfall distribution delayed recovery in rural demand. Revenue in the quarter was marginally lower on a year-on-year basis, dragged by pricing corrections in key domestic portfolios over the last 12 months, …
India’s Marico expects Sept-qtr revenue to dip on rural recovery drag Read More »
MUMBAI (Reuters) – India’s central bank on Wednesday formed an external working group to seek independent inputs on how banks could make provisions on bad loans using an expected credit loss (ECL) method. The Reserve Bank of India (RBI) released a discussion paper in January suggesting banks switch to the ECL method, in which lenders …
India cenbank sets up working group to assess new proposal on loan loss provisions Read More »
NEW DELHI (Reuters) – India’s quasi-sovereign wealth fund, the National Investment and Infrastructure Fund (NIIF), and the Japan Bank for International Cooperation (JBIC) launched on Wednesday a $600-million fund to invest in sustainability projects. JBIC will contribute 51% of that figure, and India the rest, the Indian government said in a statement. The India-Japan Fund …
India, Japan launch $600 million fund for low carbon emission projects Read More »
MUMBAI (Reuters) – India’s HDFC Bank said on Wednesday its gross loans grew 4.9% sequentially in the July-September quarter to about 23.55 trillion rupees ($283 billion), on a like-to-like basis, after its merger with parent Housing Development Finance Corp. HDFC Bank merged with HDFC on July 1 in a $40 billion deal, the largest in …
India’s HDFC Bank posts 4.9% sequential growth in loan book, rejigs management Read More »
By Krishn Kaushik and Sanjeev Miglani NEW DELHI (Reuters) – India’s external intelligence service is a feared foe in its neighborhood: Pakistan, Sri Lanka and Nepal have all accused it of political meddling and involvement with outlawed groups that have perpetrated acts of violence. Now, Canadian Prime Minister Justin Trudeau’s allegation last month that Indian government …
Analysis-India’s spies infiltrated West long before Canada’s murder claim Read More »
By Bharath Rajeswaran BENGALURU (Reuters) -Indian shares fell on Wednesday after mixed cues from September sales dragged auto stocks down, while information technology (IT) stocks fell on worries of a prolonged high interest rate regime in the U.S. The NSE Nifty 50 index was down 0.69% at 19,393.55, as of 09:55 a.m. IST, and the …
Auto, IT drag Indian shares as risk aversion carries Read More »
By Simon Lewis and Kanishka Singh WASHINGTON (Reuters) – The State Department on Tuesday said the United States respects the right to freedom of speech and assembly of individuals when asked about American factions of the movement for a Sikh separatist state that has long frustrated India. The Indian government has complained about the presence …
US, asked about Sikh separatist groups, says it respects free speech Read More »
By Francis Mascarenhas and Shilpa Jamkhandikar NANDED, India (Reuters) – Twelve infants died in one day at a hospital in the Indian state of Maharashtra, sparking a political storm on Tuesday with opposition politicians accusing the regional government and hospital authorities of negligence. The infants died on Sunday and were among 24 deaths recorded that …
Twelve infants die in a day at Indian hospital, opposition alleges negligence Read More »
By Rupam Jain NEW DELHI (Reuters) -Indian police raided the New Delhi office of a news portal and the homes of journalists and writers linked to it on Tuesday as part of an investigation into suspected illegal foreign funding of the media company, two government officials said. National daily The Indian Express said late on …
India police raid media office, journalists’ homes in illegal funding probe Read More »
