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India’s $700 billion plus FX reserve pile, leaner forward book bolster rupee shield

4 Jul 2025

By Nimesh Vora and Jaspreet Kalra MUMBAI (Reuters) -India’s foreign exchange reserves topped $700 billion last week to hit a 9-month high, which, alongside the central bank’s shrinking forward book, cements the rupee’s defences at a time when U.S. trade policy uncertainty looms, analysts said. Economists assess the Reserve Bank of India’s (RBI) capacity to …

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India’s Marico estimates low-twenties percentage quarterly revenue growth

3 Jul 2025

(Reuters) -India’s Marico said on Thursday consolidated revenue registered a low-twenties percentage growth in the quarter ended June 30, driven by sustained demand from rural consumers, although margins remained under pressure. The consumer goods maker forecasts gross margin to remain under “incremental pressure” due to high costs of key raw materials such as copra, but …

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Cricket-Majestic Gill ton guides India to 310-5 on day one of second England test

3 Jul 2025

BIRMINGHAM, England (Reuters) -India’s Shubman Gill played a masterful captain’s knock with his second century of the series on the opening day of the second test against England as the tourists recovered to finish on 310-5 at stumps at Edgbaston on Wednesday. Gill was under pressure due to his team selection after pace spearhead Jasprit …

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Italy court acquits consultant in India helicopter case

1 Jul 2025

MILAN (Reuters) -An Italian appeals court has fully acquitted an Italian-American consultant who had previously settled a charge of international corruption in a case related to a 2010 helicopter contract between defence company Leonardo and the Indian government. According to the ruling reviewed by Reuters, the appeals court in the northern city of Brescia upheld …

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India to see above-average July rains after wetter than normal June

30 Jun 2025

By Rajendra Jadhav MUMBAI (Reuters) -India is likely to get above-average monsoon rainfall, critical to the economy, in July after receiving 9% above-normal rains in June, a senior weather department official said on Monday. The monsoon is the lifeblood of India’s nearly $4 trillion economy, delivering almost 70% of the rainfall needed to water farms …

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Three killed, 6 injured in stampede at Indian chariot festival

29 Jun 2025

BHUBANESWAR, India (Reuters) -Three people were killed and six injured in a stampede during a festival in eastern India on Sunday, officials said. “Three people have died and six sustained injuries; none of them are serious and all are out of danger,” Y.B. Khurania, director general of police in the state of Odisha, told Reuters. …

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India rejects statement by Pakistan seeking to blame it for Waziristan attack

28 Jun 2025

(Reuters) -India’s ministry of external affairs said on Sunday it rejects a statement by the Pakistan Army seeking to blame India for Saturday’s attack in Waziristan. A suicide bomber rammed an explosive-laden car into a Pakistani military convoy in a town near the Afghan border, killing at least 13 soldiers, the Pakistan army said on …

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Cricket-Suryavanshi fireworks guide India Under-19s to ODI win over England

27 Jun 2025

(Reuters) -India’s 14-year-old Vaibhav Suryavanshi narrowly missed out on a half-century but played an entertaining knock that allowed the tourists to chase down England’s lowly total in 24 overs in their first Under-19 one-day international on Friday. Chasing 175 for victory, Suryavanshi opened the batting for India and immediately made an impact as he smashed …

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India posts first current account surplus in four quarters, central bank says

27 Jun 2025

By Siddhi Nayak MUMBAI (Reuters) -India’s current account posted a surplus for the first time in four quarters in the January-March period, helped by higher services exports, the central bank said on Friday. The current account surplus stood at $13.5 billion, or 1.3% of GDP in the fourth quarter of the fiscal year 2024-2025 versus …

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