Reuters
Finance
Govt to consolidate equity stakes in JVs having multiple state-run bank partners
India’s government will consolidate 35 overseas branches of state-run lenders, with 69 more under review, financial services secretary Rajeev Kumar ......
Consumer
Jeweller Nirav Modi's bankrupt US firm draws strong interest from buyers
Potential buyers have expressed strong early interest in a bankrupt U.S. firm of jeweller Nirav Modi, who has been accused ......
TMT
Aircel files for bankruptcy months after failed merger talks with RCom
Indian mobile carrier Aircel Ltd has filed for bankruptcy, it said on Wednesday, pressured by a high debt pile and ......
Finance
India regains status as fastest-growing economy as GDP grows 7.2% in Oct-Dec
India regained its status as the world's fastest-growing major economy in the October-December quarter, surpassing China's growth after a gap ......
Markets
Sensex, Nifty fall for second session in a row
The Sensex and Nifty fell for a second straight session on Wednesday with financials leading the decline, as fears of ......
Economy
India's infrastructure output grows 6.7% in January
India’s infrastructure output grew 6.7 percent in January from a year ago, government data showed on Wednesday.The growth in output ......
Economy
Fiscal deficit touches 113.7% of full-year target in first 10 months
India reported on Wednesday a fiscal deficit of 6.77 trillion rupees ($103.72 billion) for April-January or 113.7 percent of the ......
Manufacturing
India factory activity slows to four-month low in February
Growth in India’s factory activity slowed to a four-month low in February as new orders eased and weighed on output ......
Infrastructure
Asian Infrastructure Investment Bank to invest $200 mn in NIIF
Beijing-based Asian Infrastructure Investment Bank (AIIB) has approved $1.5 billion in loans to India for infrastructure-related projects in 2018, a ......
Markets
Bank stocks drag Sensex, Nifty lower; PNB down 12%
Indian shares ended lower on Tuesday, dragged by bank stocks as uncertainties around state-run banks hit risk appetite.Punjab National Bank ......
