Swati Pandey –

Malaysia PM visits search base for missing jet; sub joins hunt

August 24, 2021 at 10:36 p.m.

PERTH/KUALA LUMPUR (Reuters) - Malaysia's prime minister visited the Australian search base for missing Flight MH370 on Thursday as a nuclear-powered submarine joined the near-four week hunt that has so...

Iran’s Indian bank looks to life after sanctions windfall

August 24, 2021 at 5:53 p.m.

MUMBAI (Reuters) - An obscure Indian bank has been an unlikely beneficiary of Western sanctions against Iran, handling billions of dollars from frozen oil payments that boosted its interest margins,...

Analysis: As bad loans mount, India gets tough on ‘willful’ default

August 24, 2021 at 5:44 p.m.

MUMBAI (Reuters) - Kemrock Industries and Exports owns a golf course near its plant in western India and its chairman, Kalpesh Patel, talks of the high salaries he pays employees....

Patriotism will come at a price for India’s rupee revival plan

August 24, 2021 at 1:38 p.m.

MUMBAI/HONG KONG (Reuters) - India's multi-million-strong diaspora is patriotic up to a point. In fact their patriotism may amount to 5 or 6 percentage points of annual investment returns when...

No more Mr. Nice Guy: Indian bankers suit up for war on debt defaulters

August 24, 2021 at 11:11 a.m.

MUMBAI (Reuters) - Fed up with a profitable textile company's failure to repay its loan, India's UCO Bank has taken its grievance public, placing newspaper ads last month that brand...

Beyond the reach of banks, Indians targeted by outlaw fund scams

August 24, 2021 at 9:52 a.m.

MUMBAI/KOLKATA (Reuters) - Dalia Ghosh, a 28-year-old nurse in the eastern Indian city of Kolkata, invested her savings in an unlicensed fund run by media conglomerate Saradha Group last year,...

After ATM heist, India’s IT sector again in unwelcome spotlight

August 24, 2021 at 9:30 a.m.

MUMBAI/BANGALORE (Reuters) - A breach of security at two payment card processing companies in India that led to heists at cash machines around the world has reopened questions on the...

India’s Idea Cellular profit beats estimates

August 24, 2021 at 8:33 a.m.

MUMBAI (Reuters) - India's Idea Cellular Ltd reported its fourth straight quarter of earnings growth, riding on strong customer additions and a court decision that removed some smaller competitors from...

Analysis: BNP Paribas takes a second swing at Asia growth plan

August 24, 2021 at 12:34 a.m.

HONG KONG/PARIS (Reuters) - BNP Paribas's second attempt since 2010 to expand in Asia is a bold move by the bank, as it plans a big hiring push at a...

Indian government pushes banks to go rural, but will it pay?

August 23, 2021 at 9:36 p.m.

RANCHHODPURA, India (Reuters) - Working out of a tiny rented room furnished with a wooden table, small biometric authentication machine and shelf stacked with passbooks, Ganesh Dangi is a one-man...

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