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By Manoj Kumar BALLARI,India (Reuters) – India’s main opposition Congress party held a huge public rally in the southern Indian state of Karnataka on Saturday, accusing the government of not doing enough to contain inflation and create promised jobs for young people. Tens of thousands of people came to the public meeting, organised to mark …

India’s main opposition stages rally to mark 1,000 km of its protest march Read More »

By Swati Bhat and Sudipto Ganguly MUMBAI (Reuters) – The Reserve Bank of India’s monetary policy committee may lean more on data in deciding the key interest rate going ahead even as policymakers appeared divided on the future path of rate hikes, minutes of its September meeting suggested on Friday. The MPC raised its benchmark …

India cenbank policymakers divided on future path of rates, meeting minutes show Read More »

By Krishna N. Das and Aftab Ahmed NEW DELHI (Reuters) – A free trade agreement between India and Britain will not be done in time for Diwali in late October, two sources in New Delhi told Reuters on Friday, although it was not immediately clear what was causing the delay. Previous sticking points have included …

India-Britain trade deal to miss Diwali deadline – sources Read More »

(Refiles ‘unintended’ in quote, paragraph 6) By Nidhi Verma JAIPUR, RAJASTHAN (Reuters) – India said it will speed up its diversification of oil imports to hedge against any surprise output cuts by the Organization of the Petroleum Exporting Countries and its allies. “This will hurt large importers like India, who spent around $120 billion last …

India pushes oil refiners to diversify after surprise OPEC+ cuts Read More »

By Anushka Trivedi MUMBAI (Reuters) – India’s foreign exchange reserves rose to $532.87 billion in the week through Oct. 7, the Reserve Bank of India’s (RBI) weekly statistical supplement showed on Friday. The country’s reserves rose by $204 million from the previous week, the first increase since the week ended July 29. They were $532.66 …

India’s forex reserves rise for the first time in over two months Read More »

BENGALURU (Reuters) – India’s Bajaj Auto reported a bigger-than-expected rise in second-quarter profit on Friday, benefiting from price increases and strong domestic demand for its motorcycles and autorickshaws. The company’s profit increased 20% year-over-year to 15.30 billion Indian rupees ($186.20 million) in the quarter ended Sept. 30. Revenue from operations increased 16% to a record …

India’s Bajaj Auto tops Q2 profit estimates on higher prices, domestic demand Read More »