India’s Aug retail inflation accelerates as cenbank struggles to tame prices

Vendors wait for customers at their respective shops at a retail market in Kolkata, India, December 12, 2018. REUTERS / Rupak De Chowdhuri Register now for FREE unlimited access to Reuters.com Register Annual food inflation 7.62% in August vs 6.69% in July Central bank seen to hike rates by 25-50 bps in September Core inflation … Read more

India’s Aug retail inflation accelerates to 7% y / y as food prices surge

A laborer carries a sack of onions at a wholesale market in Kolkata, India, December 14, 2021. REUTERS / Rupak De Chowdhuri Register now for FREE unlimited access to Reuters.com Register BENGALURU, Sept 12 (Reuters) – India’s retail inflation accelerated to 7% year-on-year in August, driven by a surge in food prices, adding pressure on … Read more

India’s status as world’s fastest growing major economy to be short-lived: Reuters poll

Garment workers cut fabric to make shirts at a textile factory of Texport Industries in Hindupur town in the southern state of Andhra Pradesh, India, February 9, 2022. REUTERS / Samuel Rajkumar Register now for FREE unlimited access to Reuters.com Register BENGALURU, Aug 29 (Reuters) – India likely recorded strong double-digit economic growth in the … Read more

Indian billionaire Adani seeks to control NDTV; media group says move without consent

India’s richest man, Adani, seeks to expand media business NDTV says Adani unit moved without its consent Adani takeover may not be friendly -legal expert Deal to buy NDTV could heat up competition among billionaires BENGALURU, Aug 23 (Reuters) – Indian billionaire Gautam Adani’s conglomerate on Tuesday said it seeks to control a majority stake … Read more

Toyota doubles down on its hybrid bet in India

Toyota teams up with Suzuki to crack Indian hybrid market First new model is compact SUV, people-carrier to follow Toyota aims to lower costs by making components in India BIDADI, India, Aug 22 (Reuters) – Toyota is rebooting its strategy for India, doubling down on a bet that emerging markets will learn to love its … Read more

Novelist Salman Rushdie on ventilator after New York stabbing

NEW YORK, Aug 12 (Reuters) – Salman Rushdie, the Indian-born novelist who spent years in hiding after Iran urged Muslims to kill him because of his writing, was stabbed in the neck and torso onstage at a lecture in New York state on Friday and airlifted to a hospital, police said. After hours of surgery, … Read more

Disney tops Netflix on streaming subscribers, sets higher prices

LOS ANGELES, Aug 10 (Reuters) – Walt Disney Co (DIS.N) edged past Netflix Inc (NFLX.O) with a total of 221 million streaming customers and announced it will increase prices for customers who want to watch Disney + or Hulu without commercials. The media giant will raise the monthly cost of Disney + without advertising by … Read more

India freezes assets of Binance-linked WazirX

Representations of cryptocurrencies in this illustration taken, January 24, 2022. REUTERS / Dado Ruvic / Illustration / File Photo Register now for FREE unlimited access to Reuters.com Register MUMBAI, Aug 5 (Reuters) – India’s financial crime-fighting agency said on Friday it had frozen the assets of WazirX, linked to the world’s largest digital currency exchange … Read more

India blocks Krafton’s game on concerns over data sharing in China – source

Battlegrounds Mobile India game and logo are seen in this picture illustration, July 29, 2022. REUTERS / Dado Ruvic / Illustration Register now for FREE unlimited access to Reuters.com Register NEW DELHI / SEOUL, July 29 (Reuters) – India’s government blocked a popular battle-royale format game from Krafton Inc (259960.KS), a South Korean company backed … Read more