By Sethuraman N R MUMBAI (Reuters) – The Indian rupee inched lower on Monday, bogged down by the fall in Asian peers, while forward premiums reached their lowest since February. The rupee was quoted at 82.20 per U.S. dollar by 10:54 a.m. IST, down from 82.1625 in the previous session. The rupee had fallen by …
Indian rupee falls on weak Asian peers, premiums at 3-month low Read More »
BENGALURU (Reuters) – India’s SpiceJet Ltd said on Monday that UK-based SRAM & MRAM Group will invest $100 million in its cargo division SpiceXpress, sending shares of the budget airline up as much as 4.8%. The investment comes days after SpiceJet brushed off speculation of filing for insolvency in the wake of rival Go First’s …
UK’s SRAM & MRAM Group to invest $100 million in India’s SpiceXpress Read More »
By YP Rajesh NEW DELHI (Reuters) – India’s embattled Congress party won big in a southern state election this weekend, exceeding expectations and gaining fresh momentum to take on entrenched Prime Minister Narendra Modi in national elections next year, top politicians and analysts said. At the same time, they cautioned that Congress’ victory on Saturday …
Analysis-India’s opposition Congress gains key foothold with state election win Read More »
By YP Rajesh NEW DELHI (Reuters) -India’s main opposition Congress party registered an emphatic win in elections in the southern state of Karnataka on Saturday, defeating the ruling Bharatiya Janata Party (BJP) in a big boost to its prospects ahead of national elections due next year. The election is the first of five crucial state …
India’s opposition Congress scores big win in Karnataka state election, defeats BJP Read More »
By Nivedita Bhattacharjee BENGALURU (Reuters) -Encouraged by high-profile successes elsewhere, India wants its private space companies to increase their share of the global launch market by fivefold within the next decade – an effort boosted by the personal support of Prime Minister Narendra Modi. In the year after the country opened the way for private …
Analysis-Liftoff: Modi’s space push for India counts on private players Read More »
BENGALURU (Reuters) – Siemens Ltd, the Indian arm of German engineering company Siemens AG, reported a near-39% rise in quarterly profit, helped by a boost in infrastructure spending in the country. Consolidated net profit rose to 4.71 billion rupees ($57.59 million) in the second quarter ended March 31, from 3.40 billion rupees a year earlier, …
Siemens India arm’s profit jumps 39% on strong order book Read More »
By Amlan Chakraborty NEW DELHI (Reuters) – It has been nearly four years since Mahendra Singh Dhoni quit international cricket, but the 41-year-old continues to deliver the goods for Chennai Super Kings after reinventing himself as a lower-order enforcer with the bat this season. Dhoni retired from the international duties in 2019 as India’s most …
Cricket-Ageless Dhoni reinvents himself to remain useful in IPL Read More »
By Amlan Chakraborty NEW DELHI (Reuters) – With the match schedule still under wraps and the main title contenders preoccupied with test cricket, there is a distinct lack of buzz around the 50-overs World Cup five months out from its expected start in October. The governing International Cricket Council (ICC) has said the dates and …
Cricket-Schedule delay leaves World Cup without buzz five months out Read More »
WASHINGTON (Reuters) – U.S. President Joe Biden will host Indian Prime Minister Narendra Modi for an official state visit on June 22, the White House said on Wednesday, as Washington works to deepen ties with the world’s largest democracy. “The visit will strengthen our two countries’ shared commitment to a free, open, prosperous and secure …
Biden to host India’s Modi with human rights in mind -White House Read More »
By YP Rajesh NEW DELHI (Reuters) – India’s ruling Bharatiya Janata Party (BJP) is trailing the main opposition Congress party in elections held on Wednesday in the southern state of Karnataka, but neither seemed set for a clear win, TV exit polls showed. The election in Karnataka, where BJP led the outgoing government, is the …
India’s ruling BJP trails Congress in Karnataka state election – exit polls Read More »
