By Trevor Hunnicutt WASHINGTON (Reuters) – The Biden administration is in talks with Indian officials over a possible White House visit by Prime Minister Narendra Modi later this year, according to a U.S. official aware of the discussions and another person briefed on the matter. U.S. President Joe Biden is eager to deepen ties with …
India, U.S. discuss Narendra Modi White House visit Read More »
BENGALURU (Reuters) – Indian shares rose on Friday and logged weekly gains, aided by a rise in financials and optimism that the rate hike cycle may be near the end after global central banks hinted at inflation easing, while an intraday rebound in key Adani group stocks added to gains. The Nifty 50 index closed …
By Sarita Chaganti Singh NEW DELHI (Reuters) – India’s ministry of corporate affairs has started a preliminary review of Adani Group’s financial statements and other regulatory submissions made over the years, two senior government officials told Reuters on Friday. Adani Group has denied allegations by U.S.-based short-seller Hindenburg Research of improper use of offshore tax …
Exclusive-Indian ministry reviews Adani Group financial statements -government sources Read More »
BENGALURU (Reuters) -Troubled Indian mobile service provider Vodafone Idea Ltd said on Friday the government had ordered the company to convert into equity all the dues owed to the government for use of airwaves including the interest related to payments for spectrum. The total amount to be converted into equity shares is 161.33 billion rupees …
India asks Vodafone Idea to convert nearly $2 billion in govt dues into equity Read More »
By Aditi Shah and Sethuraman N R BENGALURU (Reuters) -InterGlobe Aviation Ltd, the operator of India’s leading airline IndiGo, is seeking partnerships that will allow it to expand its international network, its chief executive said on Friday, after the company returned to profit. The airline’s international capacity is already at 105% of pre COVID levels …
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By Krishn Kaushik NEW DELHI (Reuters)- – The World Bank said its decision to allow two separate proceedings to resolve a long-running disagreement over water between India and Pakistan to run in parallel was because it feared the stalemate endangered the historic Indus Water Treaty. The comments from a World Bank spokesman were provided to …
World Bank resumed parallel proceedings on concern over Indus Water Treaty – spokesman Read More »
BENGALURU/CHENNAI (Reuters) – Indian conglomerate ITC Ltd reported a bigger-than-expected rise in quarterly profit on Friday, helped by strong cigarette sales, while demand for its packaged foods held steady. The cigarettes-to-hotels conglomerate said its profit rose to 50.31 billion rupees ($614.52 million) in the October-December quarter, from 41.56 billion rupees a year earlier. Analysts on …
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NEW DELHI (Reuters) – India will spend $79.6 million on strengthening its drug regulatory system, the health minister said on Friday, after the World Health Organization raised concerns about domestically produced cough syrups being linked to the death of 89 children in two countries. India is known as the “pharmacy of the world” and its …
India to spend $79.6 million to strengthen drug regulatory system Read More »
By Zarir Hussain GUWAHATI (Reuters) – Police in Assam have arrested more than 1,800 men for marrying or arranging marriages to underage girls, launching what the eastern Indian state’s chief minister said on Friday was the start of a sustained crackdown on the practice. Police began the arrests on Thursday night, and more were likely, …
Indian police arrest 1,800 men in crackdown on underage marriage Read More »
NEW DELHI (Reuters) – The Indian government has nothing to do with the issues of the Adani Group whose shares have tumbled following a scathing report from a U.S. short seller, the minister of parliamentary affairs said on Friday. “The government has nothing to do with Adani matters,” Pralhad Joshi told reporters. (Reporting by Nigam …
India’s government has nothing to do with Adani issue – minister Read More »
