Edition:
India

Abhirup Roy

India's tax unions irked by Modi's switch to faceless assessment: letter

16 Oct 2019

MUMBAI Indian tax officials are pushing back against Prime Minister Narendra Modi's new faceless tax assessment program, complaining about a lack of consultation and inadequate resources to implement the changes, a letter reviewed by Reuters shows.

Shadow lender DHFL's resolution plan hits roadblock

17 Sep 2019

MUMBAI A plan to rescue India's debt-laden Dewan Housing Finance Corporation Ltd (DHFL) has hit a major roadblock as only a small segment of bondholders has agreed to be on board the proposed resolution, according to a custodian of DHFL bonds.

India loses contact with Chandrayaan-2 on mission to the moon

07 Sep 2019

BENGALURU/MUMBAI India lost contact with a spacecraft it was trying to land on the moon on Saturday, its space agency said, in a setback for the nation's ambitious plans to become the first country to probe the unexplored lunar south pole. | Video

India Inc grows impatient as economy dips and Modi is distracted

24 Aug 2019

MUMBAI When Prime Minister Narendra Modi was re-elected in May with a sweeping majority, Indian stock markets jumped to all-time highs as investors anticipated big bang pro-business reforms to revive a flagging economy.

India Inc grows impatient as economy dips and Modi is distracted

23 Aug 2019

MUMBAI, Aug 23 When Prime Minister Narendra Modi was re-elected in May with a sweeping majority, Indian stock markets jumped to all-time highs as investors anticipated big bang pro-business reforms to revive a flagging economy.

IL&FS may not have disclosed bad loans for years: RBI report

14 Aug 2019

MUMBAI Indian shadow bank Infrastructure Leasing & Financial Services (IL&FS), which collapsed late last year, may not have disclosed bad loans on its books for years despite a big part of its loan book having soured, a report from the Reserve Bank of India (RBI) said.

Indian tribunal rejects Deloitte, KPMG arm's no-jurisdiction plea

09 Aug 2019

MUMBAI An Indian tribunal on Friday rejected an appeal by the auditors of debt-laden Infrastructure Leasing & Financial Services (IL&FS), challenging the court's jurisdiction to ban them for alleged abetment of financial fraud.

RBI makes unconventional rate cut in bid to spur growth

07 Aug 2019

MUMBAI The Reserve Bank of India (RBI) lowered its benchmark interest rates for a fourth straight meeting on Wednesday with a slightly bigger than expected cut, underscoring its worries about India's near-five year low economic growth pace.

NSE and Singapore Exchange win approval for joint derivatives project

06 Aug 2019

MUMBAI India's National Stock Exchange (NSE) and the Singapore Exchange (SGX) have been given the go-ahead for a planned collaboration in trading stock index-based products from an international financial centre being developed in western India.

DHFL's bondholders get three-week deadline to be on board with rescue plan

05 Aug 2019

MUMBAI, Aug 5 Bondholders of troubled shadow lender Dewan Housing Finance Ltd (DHFL) have been given a three-week deadline to decide if they are on board with a rescue plan being evaluated by banks, according to a letter sent by a custodian of DHFL bonds, seen by Reuters.

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