NEW DELHI (Reuters) – Clashes between police and villagers over a $900 million port project by the Adani Group are the latest in a series of disputes over industrial projects in India. Here are some of the major disputes that have involved companies in India over the past decade: * Construction at Adani’s Vizhinjam seaport …
Factbox-A look at industrial disputes in India as Adani port faces protests Read More »
(Reuters) – Maharashtra batsman Ruturaj Gaikwad wrote his name in the record books by hammering seven sixes in an over – a first in List A cricket – in a Vijay Hazare Trophy match against Uttar Pradesh in Ahmedabad on Monday. The 25-year-old hit six sixes and also sent a free-hit soaring over the ropes …
Cricket-Maharashtra’s Gaikwad smashes seven sixes in an over Read More »
By Anushka Trivedi and Dharamraj Dhutia MUMBAI (Reuters) – The Indian rupee and government bond yields are expected to continue to hold their narrow trading ranges this week, with investors bracing for a jump in volatility due to multiple economic data releases at home and in other major countries. The rupee ended unchanged at 81.6850 …
Rupee, bond yields to stay rangebound in data-heavy week Read More »
(Reuters) – The second one day international between India and New Zealand on Sunday was called off due to heavy rain with the Kiwi home side retaining their 1-0 lead in the three-match series. Put into bat, India were 22 for no loss in 4.5 overs when rain forced the players off the ground for …
Cricket-Heavy rain washes out India vs New Zealand one day international Read More »
By Nivedita Bhattacharjee BENGALURU (Reuters) – The startup behind India’s first private space launch plans to put a satellite into orbit in 2023 and expects to be able to do so at half of the cost of established launch companies, the founders of Skyroot Aerospace told Reuters in an interview. The Hyderabad-based company, backed by …
India’s first private rocket company looks to slash satellite costs Read More »
BENGALURU (Reuters) – India’s Hero MotoCorp Ltd, the world’s largest two-wheeler maker by sales, said on Friday it would increase the prices of its motorcycles and scooters from Dec. 1 by up to 1,500 Indian rupees ($18.37) due to costs related to inflation. “The exact quantum of increase will vary by specific models and markets,” …
India’s Hero MotoCorp to raise two-wheeler prices from next month Read More »
NEW DELHI (Reuters) – India’s central bank has given approval to banks to open 12 special “vostro accounts” for trade in rupees with trading partners, its Executive Director Deepak Kumar said on Friday. Vostro accounts are held by a bank on behalf of another, often foreign bank, and are a key part of correspondent banking. …
India’s central bank approves 12 ‘vostro’ accounts for rupee trade – official Read More »
By Shivangi Acharya NEW DELHI (Reuters) – The central banks of India and the United Arab Emirates are discussing a potential mechanism to trade in their respective local currencies, India’s ambassador to UAE, Sunjay Sudhir, said on Friday. Rupee-dirham trade will help reduce transactional costs, Sudhir told reporters in New Delhi, as the two countries …
India, UAE central banks discuss rupee-dirham trade prospects -official Read More »
MUMBAI (Reuters) – India’s foreign exchange reserves rose for a second week to $547.25 billion in the week through Nov. 18, the Reserve Bank of India’s (RBI) weekly statistical supplement showed on Friday. It was a volatile week for rupee, as sharp moves brought it back to trade in the 81-per-dollar-handle from near 80.50. The …
By Nikunj Ohri NEW DELHI (Reuters) – Indian states asked the federal finance ministry for greater budgetary autonomy and fiscal space, officials said after a budget consultation meeting in New Delhi on Friday. The fiscal deficit limit should be set at 4% of gross state domestic product (GSDP) for states and borrowing limits should be …
Indian states seek greater fiscal space from federal government Read More »
