Reuters India

BENGALURU (Reuters) – Indian shares were set for a subdued start on Friday as the markets look to consolidate with benchmark indexes hovering around record levels. India’s NSE stock futures listed on the Singapore Exchange were down 0.06% at 18,820, as of 8 a.m. IST. The benchmark Sensex hit new record highs in each of the last …

Indian shares set for muted start as profit-booking seen around record levels Read More »

By Nimesh Vora MUMBAI (Reuters) – The Indian rupee is expected to not to be too affected by the further slide in the Chinese yuan and by the broad weakness in Asian currencies. Non-deliverable forwards indicate the rupee will open mostly unchanged to the U.S. dollar from 81.95 in the previous session. “Not sure if …

Indian rupee seen mostly resilient to yuan-fuelled decline in Asia FX Read More »

By Vivek Mishra BENGALURU (Reuters) – The Indian economy will grow a robust 6.1% this fiscal year fueled mainly by strong government spending, according to a Reuters poll of economists who also said consumption and exports will be the biggest drag. Consumer spending, which makes up 60% of Asia’s third-largest economy, has slowed markedly recently, …

Gov’t spending to drive India growth this fiscal year, economists say: Reuters poll Read More »

WASHINGTON (Reuters) – The U.S. and India have agreed to terminate six outstanding disputes at the World Trade Organization, the U.S. Trade Representative’s office said in a statement on Thursday after a meeting between President Joe Biden and Prime Minister Narendra Modi. India also agreed to remove retaliatory tariffs on certain U.S. products including chickpeas, …

US, India agree to terminate six disputes at WTO -US statement Read More »

By Kanishka Singh and Nandita Bose WASHINGTON (Reuters) -Indian Prime Minister Narendra Modi denied that discrimination against minorities existed under his government during a press conference with U.S. President Joe Biden on Thursday, despite rights groups and State Department reports of abuses. Biden said he discussed human rights and other democratic values with Modi during …

Narendra Modi denies religious discrimination exists in India Read More »

(Reuters) – The U.S Attorney’s Office in Brooklyn, New York, has sent inquiries in recent months to investors with large holdings in Adani Group, focused on what the Indian ports-to-power giant told them, Bloomberg News reported on Thursday. The U.S. Securities and Exchange Commission also has a similar probe underway, Bloomberg reported, citing two people …

Adani Group statements to investors draw US regulatory scrutiny- Bloomberg News Read More »

By M. Sriram and Aditya Kalra MUMBAI (Reuters) -Deloitte and three board members of Byju’s have severed ties with the Indian startup, said sources on Thursday, amid the edtech company’s escalating legal battle with its lenders and its plummeting valuation in the eyes of some investors. Deloitte, which was slated to audit Byju’s until 2025, …

Byju’s auditor Deloitte, three board members sever ties with embattled edtech startup Read More »

By Swati Bhat MUMBAI (Reuters) – India’s six-member monetary policy committee (MPC) members appeared increasingly divergent in their views on the future course of rate hikes, with some external members arguing that further tightening could hamper the economic recovery, the minutes of their latest meeting showed on Thursday. The Reserve Bank of India (RBI) kept …

Indian cenbank members diverge on further rate hikes as growth risks emerge Read More »

By Jeff Mason and Nandita Bose WASHINGTON (Reuters) – President Joe Biden and first lady Jill Biden will welcome Indian Prime Minister Narendra Modi to a White House decorated with peacocks and lotus blooms on Thursday, hosting a vegetarian dinner but no specialties from Modi’s home state of Gujarat. Modi, a strict Hindu who follows …

Bidens to greet India’s Modi with lotus blooms, but no Gujarati food Read More »