NEW DELHI (Reuters) – India’s pace spearhead Jasprit Bumrah has begun his rehabilitation after undergoing back surgery in New Zealand, the country’s cricket board said on Saturday. The 29-year-old right-arm seamer has been sidelined since September and missed last year’s T20 World Cup in Australia and the ongoing Indian Premier League. Bumrah is also set …
Cricket-India’s Bumrah begins rehab after back surgery Read More »
MUMBAI(Reuters) – HDFC Bank Ltd, India’s largest private lender, on Saturday reported a 19.8% jump in net profit for the January-March quarter, aided by healthy net interest income and robust loan growth. Standalone net profit for the three months ended March 31 was at 120.48 billion Indian rupees($1.47 billion), up from 100.55 billion rupees in …
India HDFC Bank’s net profit jumps 19.8% in January-March Read More »
By Ashitha Shivaprasad (Reuters) – Gold prices pulled back sharply on Friday after surging to a more than one-year peak in the last session, as the dollar bounced and a Federal Reserve official flagged the need for another interest rate hike. Spot gold was down 1.8% at $2,003.60 per ounce by 01:52 EDT (17:51 GMT). …
Gold beats sharp retreat as dollar bounces, rate hike bets grow Read More »
NEW DELHI (Reuters) – A proposed Indian government unit to fact-check news on social media is not about censoring journalism nor will it have any impact on media reportage, a federal minister said on Friday. Recently amended IT regulation requires online platforms like Meta Platforms Inc’s Facebook and Twitter to “make reasonable efforts” to not …
India says new IT fact-checking unit will not censor journalism Read More »
By Arpan Chaturvedi and Tanvi Mehta NEW DELHI (Reuters) – Around 50 stores of Indian food delivery company Zomato’s grocery unit Blinkit are shut as bike riders have stopped work in the latest protest to hit India’s gig economy as employees push demands for better wages. Zomato in an email said it had introduced a …
Wage protests halt high-speed grocery deliveries at India’s Zomato Read More »
NEW DELHI (Reuters) – India’s federal police will question Delhi’s chief minister, seen as one of the main opponents of Prime Minister Narendra Modi, as part of an investigation into the capital’s liquor policy, a person familiar with the matter said on Friday. Arvind Kejriwal, chief of the Aam Aadmi Party that rules Delhi’s city …
India’s federal police to question Delhi chief minister in liquor probe – source Read More »
BENGALURU (Reuters) -Reliance Industries Ltd’s Viacom18 will receive an investment of 43.06 billion rupees ($527.84 million) from Bodhi Tree, about 70% less than what was planned by the joint venture between James Murdoch and a former Star India executive. Viacom18 said in a statement late on Thursday that Reliance was now leading the investment in …
James Murdoch’s Bodhi Tree slashes planned investment in Reliance’s Viacom18 Read More »
MUMBAI (Reuters) – India’s foreign exchange reserves jumped to $584.76 billion for the week ended April 7, the highest in nine months, the Reserve Bank of India’s (RBI) statistical supplement showed on Friday. That is an increase of $6.3 billion from the previous week. The central bank intervenes in the spot and forwards markets to …
BENGALURU (Reuters) – Indian state-owned oil marketing company Bharat Petroleum Corporation Ltd on Friday said it had received approval from the Madhya Pradesh state government for expanding its Bina refinery and setting up a petrochemical project. Bharat Petroleum will invest 430 billion rupees ($5.27 billion) to 500 billion rupees for the two projects, adding that …
India’s Bharat Petroleum gets Madhya Pradesh state govt approval for refinery expansion Read More »
(Reuters) – Indian automaker Tata Motors said on Friday it will raise prices of its passenger vehicles due to an increase in input costs and regulatory changes that make it costlier to produce cars, the second time this year it will make such a move. “The weighted average increase will be 0.6%, depending on the …
India’s Tata Motors to raise passenger vehicle prices for second time in 2023 Read More »
