MUMBAI (Reuters) – India’s foreign exchange reserves fell to $532.66 billion in the week through Sept. 30, their lowest level since July 2020, the Reserve Bank of India’s (RBI) weekly statistical supplement showed on Friday. The country’s reserves declined for a ninth consecutive week. They were $537.52 billion at the end of the previous week …
India’s forex reserves decline to over two-year low Read More »
LONDON (Reuters) – Britain said it will only sign a trade deal with India when there is one that “meets the UK’s interests,” in response to comments from Delhi that talks needed to be a win-win for both sides. “We remain clear that we won’t sacrifice quality for speed and will only sign when we …
Britain, India wrangle over trade deal as deadline looms Read More »
Oct 7 (Reuters) – Indian banks’ loans rose 16.4% in the two weeks to Sept. 23 from a year earlier, while deposits rose 9.2%, the Reserve Bank of India’s weekly statistical supplement showed on Friday. Outstanding loans rose 787.65 billion rupees ($9.56 billion) to 126.30 trillion rupees in the two weeks to Sept. 23. Non-food …
Indian banks’ loans rose 16.4% y/y in two weeks to Sept 23 – central bank Read More »
BENGALURU (Reuters) – India’s southern state of Karnataka has asked cab aggregators Uber, SoftBank-backed Ola and Rapido to stop three-wheeler services in Bengaluru, a top government official said, accusing them of overcharging and harassing customers. “They are not authorised to ply autos… They are charging exorbitantly and it’s a serious complaint,” Hemantha Kumara, additional commissioner …
India’s IT hub directs Uber, others to stop three-wheeler services Read More »
By Chris Thomas BENGALURU (Reuters) – India’s Kerala state will set up a committee to examine whether there was coastal erosion during the ongoing construction of a port being built by Asia’s richest man, Gautam Adani, according to a government order seen by Reuters. The construction of the port, which began in 2015 in the …
India’s Kerala to examine impact of Adani’s port construction on coastline Read More »
MUMBAI (Reuters) – The Reserve Bank of India will soon commence limited pilot launches of a central bank backed digital rupee for specific use cases, it said in a concept paper released on Friday. The RBI has been exploring the pros and cons of a central bank digital currency for some time and is working …
India’s RBI to soon commence pilot project of digital rupee Read More »
MUMBAI (Reuters) – India’s Adani Group will invest 650 billion Indian rupees ($7.9 billion) in the northern Indian state of Rajasthan over the next five to seven years, its founder, and Asia’s richest man, Gautam Adani said on Friday. Adani said late last month his company would invest more than $100 billion over the next …
India’s Adani Group to invest $8 billion in Rajasthan over five-seven years Read More »
NEW DELHI (Reuters) – India said on Friday it had conveyed its objection to the United States about the U.S. ambassador in Pakistan’s recent visit to the Pakistani side of Kashmir that India considers its own. “Our objection to the visit and meetings in Pakistan-occupied Jammu and Kashmir by the U.S. ambassador to Pakistan has …
India objects to U.S. diplomat’s visit to Pakistan side of Kashmir Read More »
By Sethuraman N R BENGALURU (Reuters) -Indian shares edged lower on Friday, dragged by banks and metal stocks, ahead of a major U.S. jobs report that will likely feed into the Federal Reserve’s rate hike strategy. The NSE Nifty 50 index was down 0.3% at 17,274.90 as of 0512 GMT, while the S&P BSE Sensex …
Indian shares fall as banks drag; focus turns to U.S. jobs data Read More »
NEW DELHI (Reuters) – India’s Jammu and Kashmir has received 16.2 million tourists this year, the most since British colonial rule ended in 1947, which Prime Minister Narendra Modi’s government said was a sign of economic development in the strife-torn region. Known for its snow-topped Himalayan mountains, fast-flowing rivers, Mughal-era gardens, Alpine meadows and houseboats …
India’s Jammu and Kashmir receives most tourists in 75 years Read More »
