Reuters India Top

MELBOURNE (Reuters) – Arch-rivals India and Pakistan are set to renew cricket’s most adrenalin-fuelled rivalry in Sunday’s T20 World Cup match in Melbourne but the threat of rain looms over the blockbuster featuring the former champions. With bilateral cricket remaining suspended between the neighbours, thanks to their soured political relations, emotions run high every time …

Cricket-Rain threat looms over India-Pakistan blockbuster Read More »

By Arpan Chaturvedi NEW DELHI (Reuters) – India’s secular character must be preserved and protected, and states must take action to stop hate speeches, the country’s top court said on Friday, in response to a petition asking for action on such utterances against the Muslim community. A two-judge bench of the country’s Supreme Court asked …

India secular character must be preserved, country’s top court says Read More »

BENGALURU (Reuters) – State Bank of India, the country’s largest lender, said on Friday it will raise interest rates on retail term deposits below 20 million Indian rupees ($241,499.23) by up to 80 basis points from Oct. 22. While loan growth in India was at a multi-quarter high with a 16.4% jump in the fortnight …

India’s SBI raises retail term deposit rates by up to 80 bps Read More »

BENGALURU (Reuters) – India’s United Spirits Ltd said on Friday its quarterly profit more than doubled from a year earlier, driven by a one-off gain from the sale of some brands to Inbrew. The Johnnie Walker whiskey maker said profit came in at 5.63 billion rupees ($67.83 million) for the three months ended Sept. 30, …

India’s United Spirits profit doubles on one-off gain Read More »

BENGALURU (Reuters) – India’s SBI Life Insurance Co reported a 53% jump in second-quarter profit on Friday, helped by a rise in premiums and as its value of new business grew. Insurance penetration has traditionally been low in India, but that is slowly changing, especially as more people rushed to buy new policies after the …

India’s SBI Life Insurance posts 53% jump in Q2 profit as premiums rise Read More »

MUMBAI (Reuters) – India’s air safety watchdog has lifted its restrictions on budget carrier SpiceJet Ltd’s operations and will allow the airline to operate at full capacity from Oct. 30, Reuters partner ANI said in a tweet on Friday. The Directorate General of Civil Aviation had halved the airline’s approved fleet in July this year …

India’s air safety watchdog lifts restrictions on Spicejet – ANI Read More »

BENGALURU (Reuters) – Hindustan Unilever reported a bigger-than-expected rise in quarterly profit on Friday, as price increases for products such as Dove soap and Surf Excel detergent powder cushioned the blow from higher costs of raw materials. The company’s net income increased nearly 20% to 26.16 billion Indian rupees ($315.8 million) in the second quarter …

Unilever’s India unit posts Q2 profit beat, helped by price hikes Read More »

BENGALURU (Reuters) – Reliance Jio, the telecom arm of Indian billionaire Mukesh Ambani-led conglomerate Reliance Industries Ltd, reported a 28.1% increase in quarterly profit on Friday, as it added more users. India’s biggest telecom carrier by subscribers said net profit rose to 45.18 billion Indian rupees ($545.2 million) in the second quarter ended Sept. 30, …

India’s Reliance Jio posts 28% rise in Q2 profit Read More »

Oct 21 (Reuters) – Indian banks’ loans rose 17.9% in the two weeks to Oct. 7 from a year earlier, while deposits rose 9.6%, the Reserve Bank of India’s weekly statistical supplement showed on Friday. Outstanding loans rose 2.30 trillion rupees ($27.78 billion) to 128.60 trillion rupees in the two weeks to Oct. 7. Non-food …

Indian banks’ loans rose 17.9% y/y in two weeks to Oct 7 – central bank Read More »

Oct 21 (Reuters) – The Indian government had no outstanding loans with the central bank under ways and means advances in the week ended Oct. 14, 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 Oct 14 week Read More »