Reuters India

(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 »

By Nimesh Vora MUMBAI (Reuters) – The Indian rupee is expected to rise on Thursday, helped by the dollar’s fall despite Federal Reserve Chair Jerome Powell’s fairly hawkish comments to U.S. lawmakers. Non-deliverable forwards indicate rupee will open at around 81.94-81.98 to the U.S. dollar compared with 82.0375 in the previous session. The offshore Chinese …

Rupee likely higher on dollar decline post Powell’s testimony Read More »

BENGALURU (Reuters) – Indian shares are set to open lower on Thursday, on caution after U.S. Federal Reserve Chair Jerome Powell reiterated the possibility of further rate hikes to tackle inflation. India’s NSE stock futures listed on the Singapore Exchange were down 0.23% at 18,865.50, as of 8:14 a.m. IST. The benchmark Sensex hit a …

Indian shares set to open lower on hawkish remarks from Fed’s Powell Read More »

By Trevor Hunnicutt and Ted Hesson WASHINGTON (Reuters) – The Biden administration will make it easier for Indians to live and work in the United States, using this week’s state visit by Prime Minister Narendra Modi to help some skilled workers enter or remain in the country, according to three people familiar with the matter. …

Exclusive-US to ease visas for skilled Indian workers as Modi visits Read More »

By Siddhi Nayak MUMBAI (Reuters) -Indian airline Go First, which is under bankruptcy protection as it tries to resume operations, has sought additional funds at a lenders meeting on Wednesday, banking sources told Reuters. The airline is asking for between 4 billion and 6 billion Indian rupees ($122 million) in additional funds, the sources said, …

India’s Go First seeks up to $122 million in additional funds -banking sources Read More »