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By Nidhi Verma and Nupur Anand New Delhi (Reuters) – Top lender State Bank of India has asked exporters to avoid settling deals with Bangladesh in the dollar and other major currencies as it looks to curb exposure to Dhaka’s falling reserves, according to an internal document and a source. Bangladesh’s $416-billion economy is battling …

Exclusive-India’s top lender asks exporters to trade with Bangladesh in rupee, taka Read More »

NEW DELHI (Reuters) – India’s monsoon season is set to enter its withdrawal phase in the next two days, the state-run weather office said on Monday, after a vigorous spell of rains towards the tail end of the four-month season. Conditions are becoming favourable for withdrawal of the monsoon from parts of the northwest, the …

India’s monsoon to start its retreat in next two days Read More »

MUMBAI (Reuters) -India fast bowler Mohammed Shami has tested positive for COVID-19 and has been ruled out of the three Twenty20 internationals at home against Australia, the country’s cricket board (BCCI) said on Sunday. After the three-match series, starting in Mohali on Tuesday, India will play another three games at home against South Africa as …

Cricket-India fast bowler Shami out of Australia T20s due to COVID-19 Read More »

MOSCOW (Reuters) – Russian President Vladimir Putin told India’s Narendra Modi on Friday that he understood New Delhi’s concerns about the conflict in Ukraine and wanted it to end “as soon as possible”, according to a readout of a bilateral meeting published by the Kremlin. The Indian prime minister told Putin on the sidelines of …

Putin tells Modi he understands India’s concerns over Ukraine conflict Read More »

NEW DELHI (Reuters) -Indian Prime Minister Narendra Modi on Friday told Russian President Vladimir Putin that now is not a time for war, with food, fertiliser and fuel security among the major concerns of the world at present. “I know that today’s era is not an era of war, and I have spoken to you …

Indian PM Modi tells Russia’s Putin now ‘is not an era of war’ Read More »

(Reuters) – Indian Prime Minister Narendra Modi met Turkish President Tayyip Erdogan on the sidelines of a regional summit on Friday, in their first encounter in over two years since relations soured after Erdogan’s comments on the disputed Muslim-majority region of Kashmir. In early 2020 India’s government had summoned the Turkish ambassador to lodge a …

India’s Modi, Turkey’s Erdogan hold unexpected meeting at regional summit Read More »

COLOMBO (Reuters) – Sri Lanka will turn a free trade agreement with India into a comprehensive economic and technological partnership, President Ranil Wickremesinghe said on Friday, according to a government statement. The president said an international trade office will be established to deal with all international trade negotiations. (Reporting by Uditha Jayasinghe, writing by Shivam …

Sri Lanka to upgrade trade agreement with India – president Read More »

By Nupur Anand and Swati Bhat MUMBAI (Reuters) – State Bank of India, the country’s largest lender, is aiming for double-digit growth in deposits as loan demand gathers steam and utilisation of existing credit lines improves, a top executive said on Friday. “We believe 9% to 10% (deposit growth) is definitely possible for us, it …

India’s top lender SBI aims to achieve double-digit deposit growth-exec Read More »