Posts From Ramesh Sridharan

India on Sunday launched the third bidding round under its open acreage licensing policy (OALP), according to a government statement. Twenty three blocks covering an area of 32,000 square kilometers were offered for bidding, out of which 5 are for

MUMBAI (Reuters) – The Reserve Bank of India on Tuesday laid out guidelines that would allow for seamless payments between different mobile wallets, in a move that could further boost the use of digital payments in the country. Mobile wallets

NEW DELHI (Reuters) – India’s annual retail inflation eased to 3.69 percent in August from 4.17 percent in July, the statistics ministry said on Wednesday, helped by smaller increases in food prices. Analysts polled by Reuters had forecast August’s annual

MUMBAI (Reuters) – The rupee erased early gains to hit an all-time low of 70.1 per dollar on Tuesday, as concerns about Turkey’s economic woes persisted. The rupee was last at 69.99 to the dollar, compared with its previous close

MUMBAI (Reuters) – The Reserve Bank of India on Wednesday raised its policy repo rate as expected for the second straight meeting, citing inflation concerns but retained its “neutral” stance. The monetary policy committee raised the repo rate by 25

 India’s trade deficit narrowed to $ 12 billion in February, its lowest in five months, amid concern that a global trade war could hit its exports because of U.S. President Donald Trump’s decision to hike import taxes on steel and

NEW DELHI (Reuters) – India’s annual wholesale price inflation eased for the third straight month in February after touching an eight-month high in November, helped by a softer rise in food and fuel prices, government data showed on Wednesday. The

NEW DELHI (Reuters) – India’s solar industry more than doubled its fund raising to $ 10 billion in 2017, clean energy consultancy Mercom said, but activity is likely to slow this year as New Delhi plans to slap high tariffs

India will transfer part of Air India’s $ 8.5 billion debt pile to a special purpose vehicle before selling a stake in the state-owned carrier, its junior civil aviation minister told Reuters on Friday. Jayant Sinha said the government had

MUMBAI (Reuters) – India’s Punjab National Bank (PNB) said it detected fraudulent transactions at one of its Mumbai branches totalling about $ 1.77 billion and indicated more banks could be impacted by the fraud, sending its shares down by nearly