The Indian government is likely to seek to raise about Rs 800 billion through the sale of state-owned assets in the next fiscal year, beginning April 1, two government sources with direct knowledge of budget discussions told Reuters on Tuesday (22). The target, which is the same as for the…
A fishing boat that could contain more than 100 Indian migrants may be heading to New Zealand, Indian police said on Monday (21). The boat, which is carrying people from the Indian capital New Delhi and the southern state of Tamil Nadu, left Munambam harbour in Kerala on January 12,…
India's top court, Supreme Court has been asked to decide the future of two international cricketers suspended for their comments about women in a TV show interview last week, stirring a debate over whether they were being treated too harshly. Indian cricket administrators recalled all-rounder Hardik Pandya and batsman KL…
India's new foreign investment restrictions for its e-commerce sector, which includes giants such as Amazon.com Inc and Walmart-owned Flipkart, could reduce online sales by $46 billion by 2022, according to a draft analysis from global consultants PwC seen by Reuters. Under the changes, e-commerce firms in India will from February…
Lawyers for Vedanta Resources told England's Supreme Court on Tuesday (15) that a case raised against the mining company by nearly 2,000 Zambian villagers should be heard in Zambia not London. India-listed Vedanta, which delisted from London last year but maintains a legal base in Britain, is appealing a lower court ruling…
Pilgrims from across the world are gathering in India for the Kumbh Mela, a heady mix of spirituality, politics and tourism that begins on Tuesday (15), garnering extra attention ahead of a general election in the Hindu-majority country this year. During the eight-week festival at Prayagraj in the northern state of…
While Air India's passenger count rose by only 4 per cent in the December 2018 quarter, its revenue from passengers increased by 20 per cent on the back of better aircraft utilisation, said a senior official of the company. "Due to better and efficient utilisation of aircraft fleet, the passenger…
India's oil imports from Iran fell by 41 per cent in December to 302,000 barrels per day oil (bpd), ship tracking data reviewed by Reuters showed, as pressure from US sanctions took effect. The United States introduced tough sanctions aimed at crippling Iran's oil revenue-dependent economy in November but gave…
Two political rivals in the northern Indian state of Uttar Pradesh will form a alliance in a bid to defeat prime minister Narendra Modi's Bharatiya Janata Party (BJP) in national election scheduled for May, leaders of the parties said. The Samajwadi Party (SP) and the Bahujan Samaj Party (BSP), both…