NEW DELHI (Reuters) -India's aviation watchdog reprimanded Air India's budget carrier in March for not timely changing engine parts of an Airbus A320 as directed by European Union's aviation safety agency, and falsifying records to show compliance, a government memo showed. In a statement, Air India Express told Reuters it acknowledged the error to the Indian watchdog and undertook "remedial action and preventive measures". Air India has been under intense scrutiny since the June Boeing Dreaml...Read More
IMAGE: India's Shubman Gill celebrates after reaching his double century against England at Edgbaston on Day 2 of the 2nd Test at Edgbaston, on Thursday. Photograph: Peter Cziborra/Action Images via Reuters Indian captain Shubman Gill hit a historic double ton (269) to propel India to a massive first innings total of 587 on Day 2 of the 2nd Test at Birmingham on Thursday. Gill became the first Indian to score more than 250 runs outside the Indian subcontinent, breaking Sachin Tendulkar's recor...Read More
NEW DELHI (Reuters) -India will launch a $234 million incentive programme for civil and military drone makers to reduce their reliance on imported components and counter rival Pakistan's programme built on support from China and Turkey, three sources told Reuters. India's push to build more home-grown drones stems from its assessment of the four-day clash with Pakistan in May that marked the first time New Delhi and Islamabad utilized unmanned aerial vehicles at scale against each other. The nu...Read More
HYDERABAD, July 4 (Reuters) - India on Friday unveiled a series of steps to increase copper output, including encouraging foreign firms to set up smelters and refineries in the country in exchange for state-owned firms investing in their overseas mining operations. The document, parts of which were first reported by Reuters last week, said India - the world's second-biggest refined copper importer - may have to import 91%-97% of its copper concentrates by 2047. Despite an estimated 12.2 millio...Read More
MUMBAI (Reuters) -The Indian central bank's measured approach to withdrawing banking system liquidity is likely to keep overnight interbank lending rates between the policy repo rate and the floor of the policy corridor, three analysts said on Friday, allowing some policy transmission. The Reserve Bank of India withdrew 1 trillion rupees ($11.7 billion) from the banking system on Friday through a seven-day variable rate reverse repo, rolling over an operation from last week, despite a rising li...Read More
July 4 (Reuters) - Shares of some Indian stockbrokers and exchange operator BSE (BSEL.NS), opens new tab fell on Friday after the country's markets regulator banned U.S. trading firm Jane Street from the local securities market over alleged manipulation in derivatives trading. The share of algorithmic, or algo, trading in India's equity options market jumped to 62% of premium turnover in fiscal 2025, from 21% in 2010-11, data from the National Stock Exchange showed. India is the world's largest...Read More
MUMBAI (Reuters) -India has barred one of the world's largest quant trading firms, Jane Street, from accessing its securities market after an investigation found it made "unlawful gains", taking the most stringent action ever against a foreign trading firm. The markets regulator also impounded $567 million from U.S.-based Jane Street, which said it disputed the findings. Here are facts about Jane Street and its India presence: WHAT IS JANE STREET? Jane Street has more than 3,000 staff in five...Read More
July 4 (Reuters) - Shares of India's Trent (TREN.NS), opens new tab fell more than 7% in morning trade on Friday, after the Tata-owned retailer's near-term growth forecast at its annual general meeting fell short of investor expectations. Shares of Trent were the top percentage losers in the benchmark Nifty 50 (.NSEI), opens new tab index, which was largely flat on the day. "During their commentary, the management mentioned the growth trajectory for Q1FY26, which seems to be underwhelming give...Read More
(Reuters) -India's benchmark equity indexes are expected to open largely flat on Friday as investors assess the market regulator's move to bar U.S. trading company Jane Street from the local securities market over alleged manipulation. The Gift Nifty futures was down 0.2% at 25,516 points, as of 8:14 a.m. IST, indicating that the Nifty 50 will hover around its previous close of 25,405.3. The Securities and Exchange Board of India (SEBI) has passed an interim order on Jane Street's alleged mani...Read More
July 4 (Reuters) - India's benchmark equity indexes are expected to open largely flat on Friday as investors assess the market regulator's move to bar U.S. trading company Jane Street from the local securities market over alleged manipulation. The Gift Nifty futures was down 0.2% at 25,516 points, as of 8:14 a.m. IST, indicating that the Nifty 50 (.NSEI), opens new tab will hover around its previous close of 25,405.3. The Securities and Exchange Board of India (SEBI) has passed an interim orde...Read More
DHARAMSHALA, India (Reuters) -A senior Indian minister has said that only the Dalai Lama and the organization he has set up have the authority to identify his successor as the spiritual head of Tibetan Buddhism, in a rare comment contradicting rival China's long-held position. The Dalai Lama, who fled to India in 1959 after a failed uprising against Chinese rule, said on Wednesday that upon his death he would be reincarnated as the next spiritual leader and that only the Gaden Phodrang Trust wo...Read More
(Reuters) -- India's market regulator said it had barred U.S. trading company Jane Street from accessing the local securities market, after an investigation into alleged market manipulation through positions taken in equities derivatives. The Securities and Exchange Board of India (SEBI) posted an order on its website dated July 3 outlining that Jane Street would no longer be able to participate in the domestic securities market. Jane Street did not immediately respond to a request for comment...Read More
Indian stock market: The domestic equity market benchmark indices, Sensex and Nifty 50, are expected to open flat on Friday, tracking mixed cues from global markets. Asian markets traded mixed, while the US stock market ended higher, with the S&P 500 and Nasdaq closing at record highs. On Thursday, the Indian stock market ended lower, dragged by fag-end selling, extending losses for the second consecutive session. The Sensex declined 170.22 points, or 0.20%, to close at 83,239.47, while the N...Read More
July 4 (Reuters) - India's market regulator said it had barred global fund Jane Street from accessing the nation's securities market, after an investigation into alleged market manipulation. The Securities and Exchange Board of India (SEBI) posted an order on its website dated July 3 outlining that Jane Street would no longer be able to participate in the domestic securities market. Jane Street did not immediately respond to a request for comment from Reuters. SEBI said it would 'impound' 48....Read More
Pune (Maharashtra) [India], July 4 (ANI): Amidst the ongoing Marathi-non-Marathi row, a group of Maharashtra Navnirman Sena (MNS) workers allegedly stormed a man's residence in the Vanaz area of the city on Thursday and threatened to assault him over an objectionable social media post targeting MNS chief Raj Thackeray. The man, identified as Kedar Soman, had reportedly posted a comment on Facebook that MNS workers found offensive and disrespectful to their leader. Enraged by the post, a group o...Read More
BENGALURU (Reuters) -Easing inflation and a slowing economy will prompt the Reserve Bank of Australia to ease policy more than predicted in May, according to a Reuters poll of economists who expect the central bank to deliver a third 25 basis point rate cut on Tuesday. Financial markets and economists had previously forecast three RBA rate cuts this year but then in May raised their projections to four and now see five, a shift driven by inflation falling faster than expected and a weakening gr...Read More
Ujjain (Madhya Pradesh): Marking the Cooperatives Year, a two-day national seminar will be inaugurated on Friday at the Swarn Jayanti Auditorium of Vikram University. Farmers from five major states: Gujarat, Maharashtra, Madhya Pradesh, Chhattisgarh, and Goa are set to participate in the seminar, 'Dairy Development in Madhya Pradesh: Possibilities and Challenges', under the joint aegis of the Indian Dairy Association (DA) West Zone, and Vikram University (VU). Researchers, students, milk produc...Read More
MUMBAI: The rupee touched its strongest level in a month on Thursday, lifted by dollar sales from foreign banks and cutting of bearish bets on the local currency, while optimism surrounding a US-India trade deal also aided sentiment.The rupee rose to a peak of 85.2 against the dollar, its best level since late May, before ending the session at 85.31, up 0.4% on the day. Dollar sales from foreign banks in the latter half of Thursday's session boosted the rupee Traders reckon a trade deal with Ind...Read More
BIRMINGHAM, England, July 3 (Reuters) - India dominated the opening session on day two of the second test against England on Thursday as skipper Shubman Gill put a price on his wicket to guide the tourists to 419-6 at lunch but Ravindra Jadeja fell short of a second century at Edgbaston. Resuming on 310-5, Gill and Jadeja wasted no time asserting their dominance, bringing up their 100-run partnership off the first ball of the day before continuing to pile on the runs as England's attack toiled ...Read More
MUMBAI, July 3 (Reuters) - Indian billionaire Mukesh Ambani's Reliance Industries said it will spin off its consumer goods unit into a new entity to allow the fast-growing business to attract investors beyond those backing its retail unit. Reliance's consumer business includes brands such as Campa Cola, which competes with Coca-Cola and Pepsi, and dozens of other snacks and confectionery brands that fight for shelf space with the likes of Mondelez's Cadbury chocolates. India's National Company...Read More
MUMBAI (Reuters) -Indian billionaire Mukesh Ambani's Reliance Industries said it will spin off its consumer goods unit into a new entity to allow the fast-growing business to attract investors beyond those backing its retail unit. Reliance's consumer business includes brands such as Campa Cola, which competes with Coca-Cola and Pepsi, and dozens of other snacks and confectionery brands that fight for shelf space with the likes of Mondelez's Cadbury chocolates. India's National Company Law Trib...Read More
MUMBAI, July 3 (Reuters) - The Indian rupee touched its strongest level in a month on Thursday, lifted by dollar sales from foreign banks and cutting of bearish bets on the local currency, while optimism surrounding a U.S.-India trade deal also aided sentiment. The rupee rose to a peak of 85.20, its best level since late May, before ending the session at 85.31, up 0.4% on the day. Dollar sales from foreign banks in the latter half of Thursday's session boosted the rupee, with the rise above 85...Read More
DHARAMSHALA, India - As the chair of the International Campaign for Tibet, Richard Gere is the best-known supporter of the Dalai Lama and his people. On Thursday, he vowed to keep fighting for the Tibetan cause even after the eventual death of the elderly Nobel laureate and as China seeks to impose its will on the community. "This is many lifetimes of commitment," said Gere, who has been stationed in the northern Indian town of Dharamshala for week-long celebrations of the Dalai Lama's 90th bir...Read More
MUMBAI(Reuters) -The Indian rupee rose on Thursday after weak U.S. jobs data bolstered Fed rate cut bets, while a U.S.-Vietnam trade deal lifted regional sentiment. Dollar-rupee forward premiums were helped by increased odds of rate cuts by the U.S. central bank as well with the 1-year implied yield touching an over one-month peak. The rupee rose to 85.55 as of 11:30 a.m. IST, up 0.2% on the day. Asian currencies were mostly rangebound while regional equities traded in the green, with India's...Read More
BENGALURU (Reuters) -India's services sector enjoyed its strongest growth in ten months in June, fuelled by robust demand and cooling price pressures, a survey showed on Thursday. The HSBC final India Services Purchasing Managers' Index (PMI), compiled by S&P Global, climbed to 60.4 in June from 58.8 in May, but was a touch lower than a preliminary estimate of 60.7. The PMI threshold of 50.0 separates growth in activity from contraction. The new business sub-index - a key gauge of demand - ro...Read More
New Delhi [India], July 3 : The Ministry of External Affairs (MEA) has expressed deep concern over the abduction ... New Delhi [India], July 3 : The Ministry of External Affairs (MEA) has expressed deep concern over the abduction of three Indian workers from a factory in Mali's Kayes region and urged authorities in the West African country to ensure their "safe and expeditious" rescue. "It has come to the knowledge of the Government of India that many military and government installations at m...Read More
IMAGE: India's Vaibhav Suryavanshi went all gun blazing in his knock against England under-19 on Wednesday. Photograph: Matthew Childs/ Action Images via Reuters/ Indian teen batting sensation Vaibhav Suryavanshi fell just short of Rishabh Pant's record as he cracked a 20-ball half-century in the rain-affected third ODI between India Under-19 side and England Under-19 at Northampton on Wednesday. Pant holds the record for the fastest half-century for India in Under-19 ODI cricket when he smash...Read More
Ferozepur (Punjab) [India], July 3 (ANI): In a startling case of land fraud reported from Punjab's Ferozepur by a whistleblower, a woman and her son allegedly sold off a World War II-era airstrip used by the Indian Air Force in 1997. The case pertains to the fraudulent sale of the land of the historic Advance Landing Ground (ALG) of the IAF in Fattu Wala village here. The airstrip, used during the 1962, 1965, and 1971 wars, was allegedly sold by Usha Ansal and her son Naveen Chand Ansal of Duma...Read More
New Delhi [India], July 3 (ANI): The Ministry of External Affairs (MEA) has expressed deep concern over the abduction of three Indian workers from a factory in Mali's Kayes region and urged authorities in the West African country to ensure their 'safe and expeditious' rescue. 'It has come to the knowledge of the Government of India that many military and government installations at multiple locations of western and central Mali were attacked by terrorists on July 1,' the MEA said in a statement...Read More
New Delhi: The Ministry of External Affairs (MEA) has expressed deep concern over the abduction of three Indian workers from a factory in Mali's Kayes region and urged authorities in the West African country to ensure their "safe and expeditious" rescue. Statement Issued By The Ministry Of External Affairs "It has come to the knowledge of the Government of India that many military and government installations at multiple locations of western and central Mali were attacked by terrorists on July...Read More