By Fayaz Bukhari SRINAGAR (Reuters) – Two migrant labourers were killed when militants hurled a grenade at their home in Indian Kashmir’s Shopian district, local police said on Tuesday. Kashmir is claimed in full but ruled in part by nuclear arch-rivals India and Pakistan, who have fought two of their three wars over control of …
Militants in Indian Kashmir kill two migrant workers Read More »
By Swati Bhat MUMBAI (Reuters) -India’s central bank should pause interest rate hikes, despite unacceptably high inflation, to avoid stalling a recovery in economic growth, monetary policy committee member Jayant Varma told Reuters on Monday. The Reserve Bank of India’s monetary policy committee has raised its key repo rate by 190 basis points since the …
India should pause rate hikes as growth fears loom – MPC’s Varma Read More »
By Nimesh Vora and Anushka Trivedi MUMBAI (Reuters) – The Indian rupee is tipped to open higher against the U.S. currency on Tuesday as a slide in U.K. yields boosted risk appetite and hurt demand for the safe-haven dollar. The rupee is expected to open at around 82.20-82.25 per dollar, up from 82.35 in the …
Rupee seen higher after dollar tumbles on positive risk mood Read More »
By Mayank Bhardwaj NEW DELHI (Reuters) -India has sufficient stocks of rice and wheat and the government will sell wheat in the open market if needed to control prices, the most senior civil servant at the Ministry of Consumer Affairs, Food and Public Distribution, said on Monday. “We’ve enough stocks of rice and wheat and …
India has sufficient stocks of grains, could sell wheat in open market Read More »
(Reuters) – A flash fire at Indian Oil Corp’s Haldia refinery in India injured three people on Monday, local media reported. “The workers sustained burn injuries after hot water fell into the gas mixing plant, leading to a flash fire,” a report in India Today said, adding there were no casualties and that the area …
Fire at Indian Oil’s Haldia refinery injures three -local media Read More »
By Aaron Ross (Reuters) -The Serum Institute of India plans to manufacture 20,000 to 30,000 doses of an experimental Ebola vaccine by the end of November for use in trials against an outbreak in Uganda, its developers and a company source said. The response to Uganda’s outbreak has been blunted by the absence of a …
Serum Institute to produce Ebola vaccine for use in Uganda outbreak Read More »
BENGALURU (Reuters) – JPMorgan Chase & Co said on Monday it named former Reliance Industries executive Navin Wadhwani as the head of its Indian investment banking business, under a slew of management changes for the Asia-Pacific region. Wadhwani has headed M&A for oil-to-retail conglomerate Reliance for the past 10 years and was previously a senior …
JPMorgan names former Reliance M&A head as India investment banking chief Read More »
By Swati Bhat MUMBAI (Reuters) – Retail inflation is set to ease from September levels, while economic activity is poised to expand, the Reserve Bank of India said in its monthly bulletin published on Monday. “Headline inflation is set to ease from its September high, albeit stubbornly,” the RBI wrote in an article titled “State …
India retail inflation set to ease from September highs – RBI Read More »
By Manoj Kumar and Shivam Patel BALLARI, India (Reuters) – Members of India’s opposition Congress party voted on Monday to elect its first head in nearly 25 years from outside the Nehru-Gandhi dynasty of leaders, with a veteran loyal to the family expected to win. Results are due on Wednesday in the battered party’s bid …
Veteran of India’s opposition Congress expected to win leadership race Read More »
By Sethuraman N R and Munsif Vengattil BENGALURU (Reuters) – Funding commitments for digital push remain intact despite a challenging macro-economic environment, the chief executive of India’s No. 1 information technology service provider Tata Consultancy Services Ltd said on Monday. After reporting quarterly results last week, India’s IT service providers indicated that companies that were …
Funding environment for digital push remains strong, says TCS chief executive Read More »
