India

Modi government likely to renew demand for extra dividend from Reserve Bank of India

The government has been sparring with the RBI on deciding a fixed formula for transferring dividend to the government as it believes the central bank currently uses an "arbitrary" method.

Dec 21, 2018

An online battle for 900 million hearts and minds: India braces for 2019 Lok Sabha elections

When India votes in a general election next year, it will be the world's largest democratic exercise, and the biggest ever test of the role of social media in an election.

Dec 20, 2018

Journalist detained for calling Manipur CM N Biren Singh a puppet of PM Modi

A television journalist has been detained for criticising the Bharatiya Janata Party (BJP) government on social media under laws intended to ensure national security, leading to protests in New Delhi.

Dec 19, 2018

UK economy to slip to 7th biggest in world in 2019: PwC

PwC projected economic growth in 2019 of 1.6 percent for Britain — assuming the country manages to avoid the shock of a no-deal Brexit in March — versus 1.7 percent for France and 7.6 percent for India.

Dec 19, 2018

IHH Healthcare halts open offer for Fortis after Supreme Court ruling

Malaysia's IHH Healthcare Bhd said its open offer to buy an additional 26 percent stake in Fortis Healthcare Ltd will not proceed as per the timeline following a court ruling.

Dec 17, 2018

'Indira Gandhi 2.0' - RBI coup a sign of PM Modi's authoritarian ways

When Reserve Bank of India (RBI) governor Urjit Patel abruptly resigned on Monday, it stunned many people in government and business circles.

Dec 14, 2018

Nifty and Sensex end higher after swift change of guard at RBI

Indian shares marked a one-week closing high on Wednesday, driven by financials and automakers after the government appointed a new central bank governor quickly, amid state election results raising hopes of increased rural spending.

Dec 12, 2018

Rajasthan Assembly election: Congress delegation to meet Governor at 7 pm

The delegation led by the chief ministerial candidate, to be decided by party president Rahul Gandhi on the basis of feedback from the MLAs, will call on the Governor and stake claim to form the government.

Dec 12, 2018

Bonds, rupee fall over mixed exit polls for PM Modi, rise in oil prices

The rupee fell to 71.41 to the dollar, weakest since November 20 and down from Friday's close of 70.80, while the 10-year benchmark bond yield rose to 7.50 percent from 7.46 percent.

Dec 10, 2018

India inflation likely eased in November to 16-month low: Reuters poll

Indian inflation is likely to have cooled to a 16-month low in November, according to a Reuters poll, as food and fuel prices fell, supporting the Reserve Bank of India's decision to keep interest rates on hold at a policy meeting last week.

Dec 10, 2018

India, China to resume military drills after a year's gap

The exercises will be held after a gap of one year as both the sides were locked in a 73-day standoff in Doklam in the Sikkim sector of the border in 2017.

Dec 9, 2018

Hindu monks, activists rally in New Delhi demanding Ayodhya temple

Most Hindus believe the warrior-god Ram was born in Ayodhya, and Hindu groups insist that there was a temple there before a mosque was built by a Muslim ruler in 1528.

Dec 9, 2018

India expected to receive total remittance of $80 bn in 2018

Global remittances are expected to grow 3.7 per cent to $715 billion in 2019.

Dec 9, 2018

India rice rates slip; tough Chinese rules dent Vietnam exports

Rice export prices fell a the second consecutive week in India on a weakening rupee and slow demand, while strict inspections from top consumer China muted exports from Vietnam.

Dec 6, 2018

India, UAE ink Rs 3,500 crore bilateral currency swap agreement to boost trade ties

With this agreement, trading and business can now be done using domestic currencies of both the countries, instead of the US dollar.

Dec 5, 2018

UAE proposes underwater rail corridor between Mumbai and Fujairah

The announcement was made by Abdulla Alshehhi, of the National Advisor Bureau Limited at India-UAE strategic conclave 2018.

Dec 4, 2018

Has Pakistan bought Chinese SH-15 Howitzer for its 'miniaturized' nuclear shells?

Termed as a game-changer against India's 'Cold Start' doctrine, the move has triggered a new debate over the nuclear capability between India and Pakistan.

Dec 3, 2018

India's economic growth seen slowing during PM Modi's run for re-election

India's annual economic growth probably moderated to 7.4 percent in the July-September quarter, according to a Reuters poll, weakening just as Prime Minister Narendra Modi's Hindu nationalist led-government gets set for an election due by May.

Nov 29, 2018

Wave of refinery shutdowns may push India into importing fuel next year

India prepares for cleaner fuels from April 2020 in moves that could temporarily dent oil demand and push up imports of refined fuels.

Nov 27, 2018

India is the most vacation-deprived country in the world, reveals study

The research study reveals 41 percent of Indians have not taken a vacation in the past six months due to work. Indian workers are also not keen on making use of all vacation days, the study adds.

Nov 24, 2018