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By Manoj Kumar NEW DELHI (Reuters) – Rising crude oil prices and supply disruptions following Russia’s invasion of Ukraine could further sap an Indian economy already slowed by COVID-19, posing risks to household spending and private investments, economists said. India, which meets nearly 80% of its oil needs through imports, could be hit by a …

Economists say higher oil prices pose further risk to India’s growth momentum Read More »

NEW DELHI (Reuters) – India completed a 3-0 series sweep against Sri Lanka after Shreyas Iyer’s third successive half-century secured a six-wicket victory in the final Twenty20 International in Dharamsala on Sunday. Opting to bat, Sri Lanka posted 146-5 with skipper Dasun Shanaka scoring more than half the runs with his unbeaten 74 off 38 …

Cricket – Red-hot Iyer secures India’s T20 series sweep v Sri Lanka Read More »

NEW DELHI (Reuters) – Shreyas Iyer smashed his second successive half-century as India beat Sri Lanka by seven wickets in the second Twenty20 International to take an unassailable 2-0 lead in the three-match series in Dharamsala on Saturday. Put into bat, Sri Lanka rode Pathum Nissanka’s career-best 75 and captain Dasun Shanaka’s unbeaten 47 off …

Cricket-Iyer anchors chase, India seal T20 series v Sri Lanka Read More »

By Manoj Kumar NEW DELHI (Reuters) – Prime Minister Narendra Modi on Saturday offered to help in peace efforts in the Ukraine crisis, during a phone call with President Volodymyr Zelenskiy. Modi expressed his “deep anguish about the loss of life and property due to the ongoing conflict” while reiterating his call for an immediate …

India’s Modi offers help in peace efforts over Ukraine crisis Read More »

By Manoj Kumar and Devjyot Ghoshal NEW DELHI (Reuters) – All through the night, as Russian forces drove deeper into Ukraine, a small group of Indian medical students in the Ukrainian city of Kharkiv cowered in a dark basement under their apartment building, hearing a barrage of explosions. The bombardment was unabated in the morning. …

Stranded in Ukraine’s bunkers, thousands of Indian students desperate for rescue Read More »

By Sanjeev Miglani and Aditya Kalra NEW DELHI (Reuters) – A Hindu nationalist group close to India’s ruling party is calling on the government to block the appointment of Ilker Ayci as chief executive of Air India, citing his previous political links in Turkey, with which New Delhi has strained relations. The call from the …

India’s Hindu nationalists urge government to reject new Air India CEO Read More »

By Nidhi Verma and Aftab Ahmed NEW DELHI (Reuters) – India plans to pay in rupees for its first long-term urea import deal with Iran to hedge itself from global supply disruptions, higher prices and forex volatilities, sources familiar with the matter said, complicated now by Russia’s invasion of Ukraine. India halted urea imports from …

Exclusive-India plans urea import deal with Iran using rupee payments-sources Read More »

BENGALURU (Reuters) -Indian telecom operator Bharti Airtel Ltd said on Friday it would buy a 4.7% stake in cell tower firm Indus Towers Ltd from Vodafone Group Plc. The British telecoms group said earlier this week it was looking to sell its entire 28.1% stake in Indus Towers, India’s largest cell tower company. Airtel did …

India’s Bharti Airtel to buy 4.7% stake in Indus Towers from Vodafone Read More »

By Swati Bhat MUMBAI (Reuters) – Indian bond yields rose while the rupee fell on the week as Russia’s invasion of Ukraine weighed on investor sentiment, while the Indian government’s decision to go ahead with the last scheduled debt sale for the year also hurt bonds. Ukrainian forces are battling Russian invaders on three sides …

India bonds, rupee fall on week as geopolitical tensions weigh Read More »