Reuters India Top

NEW DELHI (Reuters) – India’s Essar Group has become debt-free, having settled the remainder of its $25 billion debt after the sale of two ports and a power plant to ArcelorMittal Nippon Steel Ltd (AM/NS), the group said on Monday. Essar, built by brothers Shashi and Ravi Ruia, has sold some of its assets in …

India’s Essar Group is debt-free after repaying $25 billion Read More »

NEW DELHI (Reuters) – India’s federal government should stick to the fiscal deficit target laid out for this fiscal year and aggressively focus on privatising state-run companies, the country’s top industry body said in a statement on Monday. The federal budget should adhere to the fiscal deficit target of 6.4% of gross domestic product (GDP) …

Indian govt should stick to fiscal deficit target for this year – industry body Read More »

(Reuters) – New Zealand’s hopes of levelling the T20 series against India with victory in the final match on Tuesday have taken a blow with captain Kane Williamson opting out of the match for a medical appointment. Tim Southee will captain the side for the third T20 in Napier on Tuesday, with Auckland batsman Mark …

Cricket-NZ skipper Williamson to miss final India T20 for medical appointment Read More »

LONDON (Reuters) – India has emerged as the second most coveted investment market after the United States for sovereign wealth funds and public pensions funds in 2022, according to a study by asset manager Invesco published on Monday. Sovereign investors, which now manage some $33 trillion in assets, have also seen a rapid rise in …

Sovereign investors favour U.S., India as top 2022 investment markets – study Read More »

By Paresh Dave OAKLAND, Calif. (Reuters) – Alphabet Inc’s Google this week introduced rules for inviting guest speakers to its offices, days after it canceled a talk by an Indian historian who has disparaged marginalized groups and their concerns, according to company emails seen by Reuters. The policy released Thursday is Google’s latest effort to …

Google sets rules for HQ guest speakers after row over Indian historian -emails Read More »

(Reuters) – The Indian cricket board (BCCI) responded to the national team’s defeat in the semi-finals of the Twenty20 World Cup in Australia last week by sacking their senior selection committee on Friday. India were dumped out of the tournament in Australia after a 10-wicket hammering by eventual champions England and Rohit Sharma’s side was …

Cricket-Indian board sacks selection panel after T20 World Cup exit Read More »

MUMBAI (Reuters) – India’s foreign exchange reserves rose to $544.72 billion in the week through Nov. 11, marking their biggest weekly jump in more than a year, the Reserve Bank of India’s (RBI) weekly statistical supplement showed on Friday. The country’s reserves were at $529.99 billion by Nov. 4. They are still down from around …

India’s forex reserves rise at fastest pace since August 2021 Read More »

Nov 18 (Reuters) – The Indian government had no outstanding loans with the central bank under ways and means advances in the week ended Nov. 11, according to the Reserve Bank of India’s weekly statistical supplement released on Friday. The central government had no outstanding loans in the week earlier as well. State governments had …

Indian govt had no outstanding loans from RBI in Nov 11 week Read More »

Nov 18 (Reuters) – Indian banks’ loans rose 17% in the two weeks to Nov. 4 from a year earlier, while deposits rose 8.2%, the Reserve Bank of India’s weekly statistical supplement showed on Friday. Outstanding loans rose 424.32 billion rupees ($5.20 billion) to 129.26 trillion rupees in the two weeks to Nov. 4. Non-food …

Indian banks’ loans rose 17% y/y in two weeks to Nov 4 – central bank Read More »