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Parties cry foul over rule change allowing new residents to vote in disputed Kashmir

12 Oct 2022

SRINAGAR, India (Reuters) – A new rule that allows new residents of the contested Jammu and Kashmir region to register as voters has angered political parties who say it is an attempt by India to change the demographics of the Muslim-majority region. Kashmir is claimed in full but ruled in part by nuclear arch-rivals India …

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India retail inflation picks up in Sept, suggesting further rate hikes

12 Oct 2022

By Manoj Kumar and Aftab Ahmed NEW DELHI (Reuters) – India’s retail inflation accelerated in September to a five-month high of 7.41% year-on-year as food prices surged, raising fears of further interest-rate hikes when the central bank meets for its next policy review in December. The data shows retail inflation remaining above the Reserve Bank …

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India’s August industrial output fell for the first time 18 months

12 Oct 2022

NEW DELHI (Reuters) -India’s industrial output unexpectedly fell year-on-year in August for the first time in 18 months, as heavy rains dampened mining and construction activity while a drop in manufacturing indicated a broader slowdown. India’s industrial output fell 0.8% from August 2021, compared with Reuters poll of a rise of 1.7% and rise of …

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Stellantis opens software hub in India to support digital strategy

12 Oct 2022

MILAN (Reuters) – Carmaker Stellantis said on Wednesday it had inaugurated a new software hub in Bengaluru, India, its second innovation centre in the country, focusing on cockpit and driver assistance technologies. Software is increasingly crucial in modern vehicles and a growing source of revenue, with carmakers expanding research investments and hiring more executives with …

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India’s Sept retail inflation accelerates to five-month high of 7.41% y-o-y

12 Oct 2022

BENGALURU (Reuters) – India’s retail inflation accelerated in September to a five-month high of 7.41% year-on-year, driven by surging food prices, raising fears of further rate hikes when the central bank meets for its next policy review in December. Annual retail inflation in September was higher than the 7.3% forecast in a Reuters poll of …

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India finds violations at factory linked to Gambia children deaths -state minister

12 Oct 2022

MUMBAI (Reuters) – Authorities in India have stopped production of cough syrup at a factory linked to children’s deaths in Gambia after they found violations, a state minister told Reuters partner ANI on Wednesday. Authorities said last week they were testing samples of cough syrup produced by India’s Maiden Pharma for export after the World …

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India inflation likely hit five month high in Sept on food prices

11 Oct 2022

By Arsh Tushar Mogre BENGALURU (Reuters) – India’s retail inflation accelerated to a five month high of 7.30% in September due to surging food prices, staying well above the Reserve Bank of India’s (RBI) upper tolerance band for a ninth month, a Reuters poll found. Fueled by erratic rainfall and supply shocks from Russia’s invasion …

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India cenbank tweaks rules for banks to manage foreign currency exposure

11 Oct 2022

MUMBAI (Reuters) – The Reserve Bank of India tweaked some of its guidelines for banks to manage their foreign currency exposure, in an attempt to reduce the risk of unhedged exposure on the banking system during extreme volatility in forex markets. Banks would be required to assess the unhedged foreign currency exposures of all counterparties …

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