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By Suchitra Mohanty NEW DELHI (Reuters) – India’s top court granted bail on Friday to a Muslim journalist accused of insulting Hindu religious leaders on Twitter, after his arrest last month raised concerns over media freedom. But Mohammed Zubair, who co-founded fact-checking website Alt News and regularly tweets on the increasing marginalisation of India’s Muslim …

Indian court grants bail to Muslim journalist but detention to continue Read More »

SOUTHAMPTON, England (Reuters) – An inspired all-round show from Hardik Pandya fired India to an emphatic 50-run win over England in the first Twenty20 of their three-match series at the Ageas Bowl on Thursday. India made a flying start after opting to bat, with Deepak Hooda (33) and Suryakumar Yadav (39) taking a liking to …

Cricket-Pandya brilliance powers India to win over England in first T20 Read More »

By Abhirup Roy and Aditya Kalra NEW DELHI (Reuters) -India’s financial crime agency said on Thursday it has blocked 119 bank accounts linked to Vivo’s India business that were holding 4.65 billion rupees ($58.76 million), as part of a probe into alleged money laundering by the Chinese smartphone maker. The Enforcement Directorate said it raided …

India blocks 119 accounts linked to China’s Vivo in money laundering probe Read More »

By Swati Bhat and Aftab Ahmed NEW DELHI (Reuters) – The Indian central bank’s moves to liberalise foreign exchange inflows are unlikely to offer much immediate support to the floundering rupee as inflation pushes higher and the current account deficit threatens to balloon towards multi-year highs. The Reserve Bank of India announced a slew of …

Latest India cbank moves to stabilise rupee face many economic hurdles Read More »

ADEN (Reuters) – A Yemeni delegation will visit India next week in a bid to secure wheat for the war-ravaged country where strategic food stockpiles are running out, a government minister said on Thursday. Mohammed al Ashwal, the trade and industry minister of Yemen’s Saudi-backed government, told Reuters the delegation would seek to finalise an …

Yemenis hope to import wheat from India as food runs low – minister Read More »

By Arsh Tushar Mogre and Sarupya Ganguly BENGALURU (Reuters) – India’s rupee will trade near its historic low in three months, battered by widening trade and current account deficits, according to a Reuters poll where nearly one in three analysts expected it to weaken to 80 per dollar by September. A global stampede into safe-haven …

No respite ahead for India’s rupee, one in three expect 80 per dollar soon -Reuters poll Read More »

By Aditi Shah NEW DELHI (Reuters) -India’s aviation regulator has issued a warning notice to SpiceJet Ltd after a review of recent incidents by the watchdog showed “poor internal safety oversight and inadequate maintenance actions” by the airline. The Directorate General of Civil Aviation (DGCA) said that a review of several incidents involving SpiceJet’s planes …

India’s aviation watchdog pulls up SpiceJet over safety lapses Read More »

By Nupur Anand MUMBAI (Reuters) – India’s new cryptocurrency tax has dealt a heavy blow to the country’s crypto exchanges, adding to broader sectoral woes and sending trading volumes plunging by up to 90%. The 1% tax on Indian cryptocurrency trades from the start of this month has been a further disincentive for investors in …

India’s cryptocurrency industry reels as new tax hammers trading Read More »

By Nupur Anand MUMBAI (Reuters) – India’s new cryptocurrency tax has dealt a heavy blow to the country’s crypto exchanges, adding to broader sectoral woes and sending trading volumes plunging by up to 90%. The 1% tax on Indian cryptocurrency trades from the start of this month has been a further disincentive for investors in …

India’s cryptocurrency industry reels as new tax hammers trading Read More »