MUMBAI (Reuters) – India’s foreign exchange reserves rose for a third straight week to a record high of $683.99 billion as of Aug. 30, data from the Reserve Bank of India showed on Friday. The reserves rose by $2.3 billion in the reporting week, after having risen by a total of $11.6 billion in the …
Sept 6 (Reuters) – The Indian government had no outstanding loans with the central bank under ways and means advances in the week ended Aug. 30, according to the Reserve Bank of India’s weekly statistical supplement released on Friday. The central government had no outstanding loans in the week earlier as well. State governments had …
Indian govt had no outstanding loans from RBI in Aug 30 week Read More »
By Shivam Patel NEW DELHI (Reuters) – Indian Olympic wrestlers Vinesh Phogat and Bajrang Punia joined the opposition Congress party on Friday, entering politics a year after protesting against the chief of the sport’s governing body in India over alleged sexual harassment. The move came weeks after Phogat’s emotional return home last month from the …
Indian Olympic wrestlers Phogat and Punia enter politics, join opposition Congress Read More »
By Arpan Chaturvedi and Krishna N. Das NEW DELHI (Reuters) -India’s main opposition Congress party set up a new internal group this week to promote LGBTQ+ rights, while another party has named a person from the community as its spokesperson, in the first such political recognition after many setbacks. The Supreme Court decriminalised homosexuality in …
Indian opposition parties name LGBTQ+ activists to key posts in ‘major moment’ Read More »
By Subrata Nag Choudhury KOLKATA (Reuters) – The father of the doctor who was raped and murdered in India’s Kolkata city said late Wednesday night that police rushed the family into cremating her even though they wanted to keep her body for some time. Officers from Kolkata police did not respond to Reuters’ requests for …
Family of slain Kolkata doctor says police rushed them into cremation Read More »
By Nandan Mandayam BENGALURU (Reuters) -Stung by leftover inventory and unsure about consumer spending, India’s auto dealers are worried about having to discount more to boost demand in the upcoming festive season, a representative of the dealers’ body said on Thursday. The double whammy of higher inventory costs and deeper discounts is a nightmare for …
Indian car dealers worry about deeper discounts as sales slump Read More »
By Bharath Rajeswaran and Manvi Pant BENGALURU (Reuters) -India’s benchmark indexes ended marginally lower on Thursday as investors awaited further clarity on the health of the U.S. economy. The Nifty 50 index lost 0.21% to 25,145.10 points, while the S&P BSE Sensex shed 0.18% to 82,201.16. The indexes posted a second consecutive session of losses …
Indian shares slip again as investors await clarity on US economy Read More »
By Nimesh Vora MUMBAI (Reuters) – The Indian rupee ended at its record closing low on Thursday, but was little changed versus the previous session, as the central bank’s intervention helped negate the incessant dollar demand from importers. The rupee ended at 83.9825 to the U.S. dollar compared to 83.9650 in the previous session. Intraday …
Rupee ends nearly flat as cenbank absorbs importers’ dollar demand Read More »
BENGALURU (Reuters) -Online travel agency Easy Trip Planners said on Thursday it will invest 2 billion rupees ($23.8 million) to manufacture electric buses in India, sending its shares up as much as 14%. The investment will be made over two to three years for the setting up a manufacturing plant, research and product development, the company, which operates the …
India’s Easy Trip Planners to make electric buses; shares jump Read More »
BENGALURU (Reuters) -India’s Reliance Industries, the country’s most valuable company, on Thursday approved a one-for-one issue of bonus shares and recommended an increase in authorised share capital. The board recommended an increase in authorized share capital to 500 billion rupees ($5.96 billion) from 150 billion rupees. This is the oil-to-chemicals conglomerate’s first bonus issue since …
India’s Reliance Industries approves bonus share issue in 1:1 ratio Read More »
