Reuters India

Bringing down inflation key to reviving private capex in India – RBI bulletin

By Swati Bhat MUMBAI (Reuters) – Bringing down inflation, as well as market and household expectations of future inflation would be key to reviving private capital expenditure, the Reserve Bank of India said in its monthly bulletin released on Friday. “Recent national accounts data and corporate results when read in conjunction clearly show that inflation …

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India’s opposition parties unite for 2024 national elections, BJP says not worried

By YP Rajesh NEW DELHI (Reuters) -Leaders of 15 Indian opposition parties agreed on Friday to fight the 2024 national elections on a common platform against Prime Minister Narendra Modi’s ruling Bharatiya Janata Party (BJP) The parties, many of which are regional rivals and have been splintered at the national level, account for less than …

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Byju’s early investor Pai calls for better governance after auditor exit

By Chris Thomas BENGALURU (Reuters) – Mohandas Pai, an early investor in Indian edtech giant Byju’s, said on Friday the company has not paid enough attention to governance, a day after its auditor and three prominent board members resigned. Byju’s and its CEO Byju Raveendran did not immediately respond to requests for comment. Deloitte disclosed …

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India may cut wheat import duty if needed – ET Now citing food corporation head

NEW DELHI (Reuters) – India may cut wheat import duty if required, broadcaster ET Now reported on Friday citing the head of the state-run Food Corporation of India (FCI). The wheat harvest in 2023 is at least 10% lower than the government’s estimate, a leading trade body told Reuters on Wednesday, marking the second year …

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India’s Byju’s in talks with investors who quit board to reconsider -sources

By Aditya Kalra, M. Sriram and Munsif Vengattil NEW DELHI (Reuters) – Byju’s is asking three global investors to reconsider their decision to quit its board, three sources with direct knowledge of the situation said, as the Indian education technology firm wrestles with the fallout of its auditor’s resignation. Board members representing Peak XV Partners, …

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