The weakening Indian rupee is now depleting the country’s foreign exchange reserves. The Indian currency has been in a free fall since Russian forces invaded Ukraine in late February. When…
Business
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India’s largest insurer, which recently executed the country’s biggest initial share sale, had a lackluster debut on stock markets. Shares of Life Insurance Corporation of India were sold at an…
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Jet fuel prices in India have increased by 5.3%, in line with a surge in global crude oil prices. This was the 10th consecutive increase this year and the price…
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India’s ports-to-energy conglomerate Adani group has clinched a deal to acquire Holcim’s businesses in India for US$10.5 billion, as the world’s largest cement maker looks to exit the country. This…
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Retail inflation in India has reached 7.79 per cent, the highest in eight years, despite efforts of the Reserve Bank of India (RBI) to ensure that it does not go…
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India’s retail inflation in April has soared to an eight-year high, driven by rising food and fuel prices. Consumer price-based inflation was 7.79% in April, up from 6.95% in March…
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Environmental curbs have been eased in India to help coal miners increase their output as the country struggles to keep power supplied to the population. More than 70% of India’s…
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The Indian government has warned online cab aggregators after numerous complaints from customers. The Consumer Affairs Ministry met representatives of leading players such as Uber, Ola, Meru and private taxi…
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The Indian rupee plunged to record lows on Monday on the back of a strengthening US dollar and a continuing outflow of foreign funds from the local market. The rupee…
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The Indian rupee plunged to an all-time low against the greenback on Monday, as US monetary policy tightening roiled sentiment and foreign investors continued to dump domestic stocks. Rising oil…
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India’s state-owned Life Insurance Corporation’s initial share sale has drawn a good response from investors and was fully subscribed on the second day of bidding on Thursday. India’s largest initial…
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India’s state-owned Life Insurance Corporation’s initial share sale has drawn a good response from investors and was fully subscribed on the second day of bidding on Thursday. India’s largest initial…
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The Reserve Bank of India after an off-cycle meeting of the Monetary Policy Committee decided on Wednesday to increase the repo rate by 40 basis points with immediate effect, with…
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India’s state-owned investor the Life Insurance Corporation started its initial share sale process on a bright note on Monday with a good response from anchor investors. According to a late…
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India is facing its worst power crisis in six years. On one hand, the country’s industries are showing signs of revival after the lifting of Covid-19 curbs, and on the…
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Robots glide quietly across the vast factory floor of electric scooter firm, Ola Electric Mobility, in the southern India state of Tamil Nadu. With a parent backed by Japanese investor,…
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India will provide support for companies looking to invest in semiconductor manufacturing, Prime Minister Narendra Modi said on Friday, as the South Asian nation sets its sights on becoming a…
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The Indian government’s move to offload a stake in the state-owned insurer Life Insurance Corporation moved a step closer after the government decided on the price band and discounts. The…
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United States electric vehicle maker Tesla Inc is welcome to set up shop in India, make cars there for sale and export them, but must not import cars from China,…
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Former Reserve Bank of India governor Raghuram Rajan said India’s inflation is going up and the central bank at some point will have to increase interest rates. He added that…
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The Indian government is planning to scale back its move to dilute its share in state-owned insurer Life Insurance Corporation in the wake of economic uncertainty caused by the Russia-Ukraine…
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The Indian government is aiming to push for increased electric mobility by lowering taxes for electric vehicles and batteries and enhancing their safety. The government think-tank Niti Aayog has come…
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With India’s Covid-19 restrictions easing and airline bookings gaining new momentum, the civil aviation sector is finally showing signs of recovery. IndiGo, the country’s largest airline by market share, is…
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India’s second-largest telecom company Bharti Airtel continues to gain subscribers while market leader Reliance Jio and ailing Vodafone Idea lose customers, according to new data released by the Telecom Regulatory…
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High fuel and commodity prices have ramped up India’s wholesale price inflation to a four-month high, according to recently-released government data. Fast-rising inflation is crimping hopes for a post-pandemic economic…
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India’s largest carmaker Maruti Suzuki has so far steered clear from the country’s fledgling electric vehicle (EV) market but is now accelerating in that direction with plans to launch EV…
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The Oil Ministry has stopped making fresh allocation of natural gas from domestic fields to the city gas sector, threatening the viability of Rs 2 lakh crore investment planned in…
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India’s travel and hospitality sectors, which were badly hit during the Covid-19 pandemic, are showing signs of recovery after the lifting of restrictions following a drop in coronavirus cases. The…
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Infosys, India’s second-largest software services provider, posted a 12% rise in consolidated net profit for the fourth quarter. The Bangalore-based IT giant posted a net profit of 56.86 billion rupees…
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Retail inflation in India surged to a 17-month high of 6.95% in March on the back of costlier food items, according to government data. The previous high was recorded in…