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By Shaloo Shrivastava BENGALURU (Reuters) – India’s manufacturing industry expanded at the second-fastest rate this year in June, albeit at a slightly slower pace than in May, supported by robust demand despite higher inflationary pressures, a private survey showed on Monday. The Manufacturing Purchasing Managers’ Index, compiled by S&P Global, was 57.8 in June, down …

India’s factory growth softened slightly in June but stayed strong Read More »

By Bharath Rajeswaran BENGALURU (Reuters) -India’s blue chip indexes Nifty 50 and Sensex rallied to fresh all-time highs on Monday, aided by broad gains led by financial services’ stocks amid improved global cues. The Nifty index rose as much as 0.74% to 19,331.15, while the S&P BSE Sensex gained 0.79% to 65,232.64, as of 10:06 …

India’s Nifty 50, Sensex rally continues on financials push Read More »

MUMBAI (Reuters) – India’s annual monsoon covered the entire country on Sunday, six days earlier than usual, the state-run weather office said, but rain totals are 10% below average so far this season. The monsoon, the lifeblood of India’s $3 trillion economy, delivers much needed water to farms and restocks reservoirs and aquifers. It also …

India’s monsoon rains cover entire country, still lower than average Read More »

MOSCOW/NEW DELHI (Reuters) -Russian President Vladimir Putin discussed the situation around Ukraine and how Moscow had resolved an armed mercenary mutiny in a telephone call with Indian Prime Minister Narendra Modi on Friday, the Kremlin and New Delhi said. Moscow said that Modi had expressed support for what the Kremlin called the Russian leadership’s decisive …

Putin and Modi discuss Ukraine, armed mutiny in phone call Read More »

BENGALURU (Reuters) -Indian two-wheeler maker Hero MotoCorp on Friday said it would increase prices of specific models of motorcycles and scooters by around 1.5% from July 3, as it combats price positioning, input costs and business imperatives. The exact quantum of increase will vary by specific models and markets, the company said in an exchange …

India’s Hero MotoCorp to increase prices of specific two-wheeler models Read More »

BENGALURU (Reuters) – India’s Reliance Industries and a local unit of BP said on Friday they have started gas production from the third deepwater field in India’s KG D6 block in the Krishna Godavari basin. It is the last of the three major new deepwater developments the RIL-BP consortium have brought into production in block …

India’s Reliance starts production from third field in KG D6 block Read More »

By Rajendra Jadhav and Mayank Bhardwaj MUMBAI (Reuters) -India is likely to receive an average amount of rain in July despite the likely emergence of the El Nino weather pattern, a senior weather department official said, encouraging farmers to accelerate crop planting which has progressed slowly due to patchy rains in June. The monsoon, vital …

India set for average rains in July, crop planting to accelerate Read More »

NEW DELHI (Reuters) – India’s fiscal deficit for the first two months in the financial year that started April 1 touched 2,102.87 billion rupees ($25.63 billion), nearly 11.8% of annual estimates, government data showed on Friday. April-May net tax receipts were 2780.45 billion rupees or 11.9% of the annual estimate, lower than 3075.89 billion rupees …

India’s April-May fiscal deficit touches 11.8% of annual target- govt Read More »