India

Indian Prime Minister Narendra Modi has a fondness for abbreviations and acronyms that create buzz around his government schemes. Last week, Modi’s political opponents did exactly that as they announced a new alliance – called “INDIA” – to deny Modi a third straight win and defeat his Bharatiya Janata Party …

BENGALURU, July 26 (Reuters) – Indian non-bank lender Bajaj Finance (BJFN.NS) reported a bigger-than-expected increase in quarterly profit on Wednesday, boosted by healthy loan growth and strong customer additions. The company’s consolidated profit after tax rose a little over 32% to 34.37 billion rupees ($419 million) in the first quarter, …

Narendra Modi’s BJP has a clear majority in the lower house of parliament, so the vote is unlikely to affect the government’s stability. India’s parliament has authorised a no-confidence vote against Prime Minister Narendra Modi’s government by an alliance of opposition parties, to force the Hindu nationalist leader to address …

NEW DELHI, July 26 (Reuters) – Heavy rain brought flooding to an area near New Delhi on Wednesday forcing some evacuations and schools closures as the region braced for more downpours two weeks after the Yamuna river burst its banks inundating parts of the capital. Hundreds of vehicles were submerged …

“Who are the people who have increased the prices of vegetables now?” Himanta Biswa Sarma, the chief minister of the northeast Indian state of Assam asked rhetorically when speaking to reporters about the surging cost of vegetables in state capital Guwahati — and indeed, around India. Sarma then answered his …

The honeymoon, at first, was magical. Akash and Parvani Kapadi drove up pine-covered forests to a hill town in northern India with a view of the snow-capped Himalayas. In their hotel room, the gentle pitter-patter of monsoon rains on the roof set the stage for a week of romance — …

Our three-week trip to India was coming to an end and I still hadn’t found an answer to the question that had ostensibly prompted the trip. I decided to ask the woman who owned the Goa beach huts in which we were staying. “Do you think I’m Indian?” “No,” she …

Receive free Indian business & finance updates We’ll send you a myFT Daily Digest email rounding up the latest Indian business & finance news every morning. India is “open” to investments from China, a senior government official has said, despite New Delhi’s crackdown on Chinese manufacturers and mobile applications, and …

July 26 (Reuters) – India is open to Chinese investment despite border clashes between the two countries, the Deputy Minister for Information Technology Rajeev Chandrasekhar told the Financial Times in a report published on Wednesday. “We are open to doing business with any company anywhere as long as they are …

BENGALURU, July 26 (Reuters) – Indian cement company Shree Cement Ltd (SHCM.NS) reported a bigger-than-expected 84% rise in first-quarter profit on Wednesday, helped by robust domestic demand. The company reported a profit of 5.81 billion Indian rupees ($70.87 million) for the three months ended June 30, beating analysts’ average estimate …