By Sumit Khanna AHMEDABAD (Reuters) – An Indian state lawmaker who accused main opposition Congress party leader Rahul Gandhi of defamation has objected to his appeal in a higher court, according to a filing on Tuesday. Gandhi, 52, lost his parliamentary seat last month after he was found guilty of defamation by a lower court …
MUMBAI (Reuters) – The Reserve Bank of India is putting in place a framework for the acceptance of green deposits to foster and develop an environment-friendly finance ecosystem in the country, which will come into effect from June 1, the central bank said in a statement on Tuesday. The financial sector can play a pivotal …
India cenbank puts in place framework for acceptance of green deposits Read More »
BENGALURU (Reuters) – Indian private lender HDFC Bank Ltd said on Tuesday it would consider raising debt of 500 billion rupees (about $6 billion) over the next one year. The bank will discuss the fund raise at its board meeting on Saturday, when it is also due to report earnings for the January-March quarter. The …
India’s HDFC Bank to raise $6 billion in debt over next 1 year Read More »
By Jayshree P Upadhyay MUMBAI (Reuters) – The National Stock Exchange of India’s (NSE) share listing plan will not be approved by the market watchdog until pending legal and regulatory cases involving the nation’s biggest bourse are resolved, two sources familiar with the matter said. The Securities and Exchange Board of India (SEBI) has formed …
India NSE’s IPO plan stumbles at market watchdog’s door – sources Read More »
By Rupam Jain KISHANGANJ, India (Reuters) – Pratima Kumari, a government health worker in the eastern Indian state of Bihar, sets off on her mini scooter every morning, crisscrossing vast corn fields and pineapple orchards to visit villages and meet young, married couples. She offers condoms and birth control pills for free in the Kishanganj …
How India’s birth control battle falters in rural district Read More »
By Bharath Rajeswaran BENGALURU (Reuters) -Indian shares rose for the seventh consecutive session on Tuesday, aided by financials stocks on strong quarterly updates, ahead of corporate earnings for the March quarter. The Nifty 50 closed 0.56% higher at 17,722.30, while the S&P BSE Sensex rose 0.52% to 60,157.72. This is the longest winning streak for …
Financials power Indian shares ahead of quarterly earnings Read More »
By Anushka Trivedi MUMBAI (Reuters) – The Indian rupee declined past the key psychological mark of 82 per dollar on Tuesday on likely corporate outflows and importer demand for the greenback, traders said. The rupee finished at 82.1250 to the dollar, having declined up to 82.15 during the session. It closed at 81.98 in on …
Rupee falls past 82/USD despite dollar weakness; outflows likely Read More »
NEW DELHI (Reuters) -Ukraine’s deputy foreign minister on Monday said Kyiv wanted New Delhi to be more involved in helping resolve its conflict with Russia and has sought a visit by Indian Prime Minister Narendra Modi and other top officials. Emine Dzhaparova told broadcaster CNBC TV18 in an interview that Kyiv also expected India to …
Ukraine wants tighter ties with India, visit by Modi -Ukraine minister Read More »
NEW DELHI (Reuters) – An Indian court on Tuesday directed the government to respond to an appeal submitted by a comedian challenging recent changes to the country’s IT rules, which prevent social media platforms from hosting information that the government terms “fake”. The rules dictate that social media platforms “make reasonable efforts” to not “publish, …
Indian court seeks govt response on comedian’s challenge to IT rule changes Read More »
(Reuters) -India’s fuel consumption jumped to a record high in March, data showed on Monday, fuelled by robust economic activity in the world’s third biggest oil consumer. Consumption of fuel, a proxy for oil demand, rose by 5% from a year earlier to 4.83 million barrels per day (20.5 million tonnes), the highest recorded in …
India’s March fuel demand soars on robust economic activity Read More »
