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NEW DELHI (Reuters) – Monopolies on supplies of certain minerals can lead to high prices and could make the energy transition difficult, India’s commerce minister Piyush Goyal said on Friday. “Many countries of the south have huge deposits of these resources and we should work closely to use such resources for the benefit of the south,” …

Indian commerce minister warns against monopolies on supplies of minerals Read More »

By Saurabh Sharma LUCKNOW, India (Reuters) – India began demolishing unsafe buildings in a northern Himalayan town where hundreds of structures have developed cracks following an apparent sinking of land, a senior district official said on Thursday. Two hotels were being “carefully dismantled” under the watch of experts and Indian authorities, the official said, a …

India starts demolishing buildings in a sinking Himalayan town Read More »

(Reuters) – India’s Kuldeep Yadav and Mohammed Siraj wreaked havoc with the ball as the hosts completed a four-wicket victory over Sri Lanka to triumph in the One-Day International series with a game to spare at Eden Gardens on Thursday. After electing to bat, Sri Lanka were dismissed for 215 before KL Rahul (64 not …

Cricket-Kuldeep, Siraj shine as India claim ODI series win over Sri Lanka Read More »

By Rupam Jain and Kanupriya Kapoor JAMMU/SRINAGAR, India (Reuters) – For the first time in her life, Asha, a street cleaner in the Indian city of Jammu, will be allowed to vote in upcoming local elections. And she’s in no doubt who will get her ballot. Asha plans to reward Prime Minister Narendra Modi’s ruling …

How India’s ruling party is tightening its grip on Kashmir Read More »

By Sarita Chaganti Singh and Nikunj Ohri NEW DELHI (Reuters) – India’s annual retail inflation edged down from the previous month and remained within the central bank’s comfort zone amid cooling food prices, while industrial output rose at the fastest pace since June, easing concerns for policymakers. The inflation print for December was below the …

India retail inflation within RBI target zone for 2nd month Read More »

(Reuters) – India’s annual retail inflation in December edged down from the previous month and remained within the central bank’s comfort zone as the rate of food price rises continued its downward trend, government data showed on Thursday. Annual retail inflation rose 5.72% in December from 5.88% in the previous month. Analysts, in a Reuters …

India’s Dec retail inflation eases, stays within RBI’s tolerance level Read More »

BENGALURU (Reuters) -Infosys Ltd raised its annual revenue outlook on Thursday after a strong deal pipeline helped India’s No.2 IT services company by revenue report a better-than-expected quarterly profit. The Bengaluru-based company said it expects revenue growth of 16% to 16.5% for the financial year to March, compared to the growth of 15%-16% it had …

India’s Infosys lifts FY rev view on strong deal momentum Read More »

By Rama Venkat BENGALURU (Reuters) -Indian shares changed course on Thursday, with investors on edge ahead of earnings reports from IT companies after TCS’ warning earlier in the week and key domestic and U.S. inflation data for cues on the likely path for rate hikes. The Nifty 50 index was down 0.5% at 17,805.90 as …

Indian shares retreat; IT results, inflation data eyed Read More »

By Dharamraj Dhutia MUMBAI (Reuters) – Indian government bond yields were little changed on Thursday, ahead of inflation readings from India and the United States that are expected to provide cues on the central banks’ rate-hike trajectory. The benchmark 10-year yield was at 7.2921%, as of 10:00 a.m. IST, after ending at 7.2913% on Wednesday. …

Bond yields little changed ahead of Dec inflation readings Read More »