Posts From Rajesh Sharma

 India’s retail inflation rate slightly picked up to 3.77 percent in September, government data showed on Friday, driven by higher food and fuel prices and a depreciating rupee. Analysts polled by Reuters had forecast September’s annual increase in the consumer

NEW DELHI (Reuters) – The Reserve Bank of India (RBI) will implement in full its directive that forces global payment companies to store data locally from this month, four sources told Reuters, a blow to the firms who had lobbied

1. The rise of Nio: Electric car company Nio (NIO) appears to be headed for another banner day on Friday. The Shanghai-based rival to Tesla (TSLA) jumped a staggering 76% in New York on Thursday. At one point in the

Indian shares will hit a new record high by year-end despite being rated as expensive, strategists polled by Reuters said, citing high oil prices and election uncertainty as the biggest downside risks to the BSE Sensex. While the tit-for-tat tariff

India’s soybean output is set to jump about 20 percent to over 10 million tonnes in the 2018/2019 crop year that starts in October, an industry official said on Wednesday. Higher production in the world’s top importer of edible oils

NEW DELHI (Reuters) – India doubled the import tax on some textile products to 20 percent, the government said in a statement on Tuesday, increasing duty on fabric-related commodities for the second time in a month. The move is expected

India slashed the sales tax rate on over 50 products on Saturday in a move aimed at appealing to traders and the middle classes as Prime Minister Narendra Modi’s government eyes next year’s elections. Modi is seeking a second term

MUMBAI (Reuters) – Reliance Industries, which has upended India’s telecoms sector with its cheap mobile data plans, launched its fiber broadband system on Thursday in a push to make deeper inroads into the country’s wireless and fixed-line internet industry. Reliance

MUMBAI (Reuters) – Facebook Inc’s (FB.O) WhatsApp messenger service has responded to a call from India’s technology ministry to curb the spread of false information on its platform, saying such a task required a partnership between the pair as well

India’s Punjab National Bank (PNBK.NS) (PNB) is closing nearly all its operations in a Mumbai branch that was at the heart of a $ 2 billion fraud, according to four sources with knowledge of the decision. The move to downsize