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By Aditi Shah NEW DELHI (Reuters) – India will remove the fare caps it imposed on domestic airlines in 2020 during the COVID-19 pandemic from Aug. 31, the country’s civil aviation ministry said on Wednesday, lifting restrictions on ticket prices. The government, in a rare move, had regulated fares by imposing a minimum and maximum …

India to lift restrictions on ticket fare prices from Aug. 31 Read More »

By Swati Bhat and Nupur Anand MUMBAI (Reuters) – The Reserve Bank of India on Wednesday issued detailed guidelines that will increase scrutiny and supervision over digital lending apps and lenders who engage with them, after several complaints of malpractice against such apps. Only regulated entities such as banks and shadow banks will be allowed …

India cenbank tightens scrutiny over digital lending apps Read More »

By Anushka Trivedi MUMBAI (Reuters) – The Indian rupee eked out gains on Wednesday, supported by dollar inflows over the last two days amid a dip in oil prices and the easing of the greenback ahead of crucial U.S. inflation data. The partially convertible rupee ended at 79.52 per dollar, up from its close of …

Indian rupee firms on inflows ahead of U.S. inflation report Read More »

By Simon Evans MANCHESTER, England (Reuters) -The World Cup in Qatar will kick-off a day earlier than scheduled if FIFA’s ruling bureau agree to a plan to hold the opening ceremony and the host nation’s first match on Sunday Nov. 20th, a source close to the discussions told Reuters. The original plan was for the …

Soccer-Qatar World Cup to begin one day earlier than planned – sources Read More »

LUCKNOW, India (Reuters) -Prime Minister Narendra Modi’s party on Tuesday lost power in Bihar, the third most populous state in India, after its regional ally broke ranks to join an opposition alliance that now has the majority to form the next government. Bihar sends the fourth most number of elected lawmakers to parliament and the …

Modi’s party loses crucial Indian state after ally switches sides Read More »

(Reuters) – India batsmen Virat Kohli and KL Rahul have been recalled to the Twenty20 squad for the Asia Cup but seamer Jasprit Bumrah has been ruled out due to injury, the country’s cricket governing body BCCI said on Monday. Former captain Kohli and Bumrah were left out of the T20 squad for the five-match …

Cricket-Kohli, Rahul in India Asia Cup squad but Bumrah out injured Read More »

BENGALURU (Reuters) -Bharti Airtel, India’s second-biggest telecom operator, on Monday reported a 22.2% increase in quarterly revenue, boosted by 4G subscriber additions and higher data consumption. Average revenue per user (ARPU)– a key performance indicator in the telecom industry – came in at 183 rupees ($2.30) for the quarter, up from 146 rupees from a …

India’s Bharti Airtel posts 22% rise in quarterly revenue Read More »

By Nimesh Vora MUMBAI (Reuters) – The Indian rupee resumed its decline versus the greenback on bets of larger interest rate hikes from the U.S. Federal Reserve and demand for dollars from importers. The rupee closed down 0.54% to 79.66 per U.S. dollar, after a short-lived bump on Friday that saw the currency rise following …

Indian rupee weakens on Fed rate hike bets, dollar demand from importers Read More »

By Uditha Jayasinghe COLOMBO (Reuters) – Sri Lanka has given approval for India’s Lanka Indian Oil Corporation (LIOC) to open 50 new fuel stations, a company official said on Monday, as part of efforts to reduce severe shortages that have crippled the island nation. Sri Lanka is caught in its worst financial crisis in more …

Indian Oil Corp unit to open 50 fuel stations in Sri Lanka to help alleviate crisis Read More »