(Reuters) – An earthquake of 6 magnitude struck Andaman Islands, India, on Saturday, the German Research Center for Geosciences (GFZ) said. The quake was at a depth of 10 km (6.2 miles), the GFZ added. (Reporting by Shubhendu Deshmukh in Bengaluru; Editing by Leslie Adler)
By Krishn Kaushik KANGVAI, India (Reuters) – A one-mile stretch of a highway in the lush green foothills of India’s Manipur state has become the symbol of a vicious sectarian conflict that has killed over 180 people since May and severely dented the strongman image of Prime Minister Narendra Modi. The bitter fighting between the …
Bunkers, sniper rifles: Deepening sectarian war in India dents Modi’s image Read More »
By Manoj Kumar NEW DELHI (Reuters) – India and Britain could sign a free trade agreement (FTA) this year as both countries have reached consensus on the broad contours of the proposed deal aiming to boost economic growth and jobs, a top Indian trade ministry official said. “We want to finalise the deal at the …
India, UK could sign trade deal this year -commerce official Read More »
By Brijesh Patel (Reuters) – Gold rose on Friday after a sharp fall one day earlier, helped by a slight retreat in the dollar as signs of cooling U.S. inflation raised bets that the Federal Reserve will likely end its monetary tightening cycle. Spot gold was up 0.75% at $1,959.53 per ounce by 2:15 p.m. …
Gold rebounds as dollar eases amid slowing US inflation Read More »
By Praveen Paramasivam and Kate Abnett CHENNAI, India/BRUSSELS (Reuters) – The Group of 20 (G20) major nations failed on Friday to agree on concrete targets to cut dangerous emissions, releasing only a statement that dismissed current measures to address climate change as “insufficient”. The impasse – the latest in a string of inconclusive international conferences …
G20 nations fail to agree on emission reduction targets at talks Read More »
July 28 (Reuters) – Indian banks’ loans rose 20.2% in the two weeks to July 14 from a year earlier, while deposits rose 13.2%, the Reserve Bank of India’s weekly statistical supplement showed on Friday. Outstanding loans rose 3.73 trillion rupees ($45.33 billion) to 147.64 trillion rupees in the two weeks to July 14. Non-food …
Indian banks’ loans rose 20.2% y/y in two weeks to July 14 – central bank Read More »
BENGALURU (Reuters) -India’s aviation regulator has fined Indigo Airlines over deficiencies in documentation and operations in a special audit after a series of tail strike incidents on the carrier’s A321 aircraft this year, the civil aviation ministry said on Friday. The Directorate General of Civil Aviation (DGCA) has levied a penalty of 3 million rupees …
India regulator fines IndiGo for deficiencies after tail strike cases Read More »
BENGALURU (Reuters) – India’s United Breweries Ltd reported a 15.8% fall in June-quarter profit on Friday, dragged by higher excise duty and costs. The liquor maker, partly owned by the Dutch brewer Heineken NV, said its standalone profit fell to 1.36 billion rupees ($16.5 million) in the quarter ended June 30 from 1.62 billion rupees …
Kingfisher beer maker United Breweries posts 16% slump in first-quarter profit Read More »
By Aditya Kalra and Shivangi Acharya NEW DELHI (Reuters) – Two senior Tesla executives discussed the company’s plans to enter India with officials from the country’s investment promotion arm in New Delhi, two people with direct knowledge of the matter said, the latest in a series of high-level talks. The U.S. carmaker has expressed an …
Tesla executives hold market entry talks with India investment agency -sources Read More »
BENGALURU (Reuters) – India’s second-largest credit card issuer SBI Cards and Payment Services on Friday reported a slide in first-quarter profit as elevated credit costs and margin compression offset growth in revenue. Profit after tax for the June quarter fell 5.36% to 5.93 billion rupees ($72.16 million) year-on-year, below the estimated 5.98 billion rupees, according …
India’s SBI Card misses Q1 profit view on high credit costs, margin pressure Read More »
