Reuters India

BENGALURU (Reuters) -Reliance Jio Infocomm, India’s biggest telecom operator by subscriber count, broke a four-quarter streak of slowing profit growth on Friday, helped by subscriber additions, partly after the recent launch of a 4G budget-friendly phone. Jio, a unit of conglomerate Reliance Industries, said its net profit rose 12.3% year-over-year to 52.08 billion rupees (about …

Indian telco Reliance Jio’s profit growth picks up in Q3 on subscriber additions Read More »

BENGALURU (Reuters) – India’s benchmark Nifty 50 index is set to open higher on Friday, after a three-day losing streak, tracking Asian peers after data bolstered bets of a soft landing for the U.S. economy. India’s GIFT Nifty was trading at 21,588.50 as of 8:24 a.m. IST, suggesting the NSE Nifty 50 will open above …

India’s Nifty 50 set to open higher after a three-day drop Read More »

By Dharamraj Dhutia MUMBAI (Reuters) – Indian lenders want the Reserve Bank of India (RBI) to ease banking system liquidity conditions as overnight cash rates have exceeded the key policy rate for over five months, according to treasury officials, whose suggestions will be shared with the RBI before a policy meeting next month. With inflation …

Indian banks seek looser liquidity conditions going ahead – traders Read More »

By Sumit Khanna AHMEDABAD, India (Reuters) – At least 12 children and their two teachers drowned in India on Thursday when a boat on which they were riding during a picnic capsized, officials said. Rescuers pulled 20 children to safety from Harni lake in Vadodara city and are searching for two more who are missing, …

At least 12 children, two teachers drown in Indian lake after pleasure boat capsizes Read More »

By Nidhi Verma NEW DELHI (Reuters) – The annual share of OPEC’s oil in India’s crude imports fell to its lowest level ever in 2023 while that of discounted Russian barrels surged to an all-time high, data obtained from trade and industry sources show. India, the world’s third-biggest oil importer and consumer, has long relied …

Cheap Russian oil cuts OPEC’s share of India imports to record-low 50% Read More »

By Aditi Shah HYDERABAD, India (Reuters) – Lufthansa is pulling flight capacity from other countries to meet booming travel demand in India, which is now the German airline’s fastest-growing major market, Chief Commercial Officer Heiko Reitz said on Thursday.Lufthansa’s flight capacity to India is 14% higher than pre-COVID levels, even as it has yet to …

Lufthansa pulling flight capacity from other countries to meet booming India demand Read More »