The Reserve Bank of India kept its policy repo rate unchanged at 5.25%, opting to look past rupee weakness and assess the fallout from rising global energy costs on inflation and growth.
All six members of the rate panel, which includes three central bank officials and three external appointees, voted to hold rates.
https://t.co/4MNQDGLQ9R
Indian monsoon reaches Kerala, three days later than usual https://t.co/SFQP9V2tLP - Trust @Rajendra1857 to be ahead of the pack when it comes to breaking good news
Strong words from the Delhi High Court in rejecting Chivas-maker Pernod's license request.
Pernod has a "criminal background" right now due to ongoing investigations & it can apply for a city license "in case there is a change in the in the stage/status of the criminal cases"
Indian businesses today are rejoicing a ruling against Google
Google infringed the trademark rights of an Indian bathroom fittings maker by allowing rivals to use its name as an ad keyword, a decision that is seen reshaping the online ads market
https://t.co/yilEmKKvA5
#India said on Friday its #monsoon rains hindered by an El Nino are likely to fall below average in 2026 for the first time in three years, stoking concern over farm output and growth as it battles inflation caused by the Iran war.
https://t.co/1vbCSOoAz9
An Indian court rejected French giant #PernodRicard's plea seeking permission to sell its products in #NewDelhi, dealing a blow to the company in a key market where it is battling a host of legal and tax issues.
Details 👇
https://t.co/nSycY2Vsb0
A rare albino buffalo in Bangladesh — nicknamed 'Donald Trump' for its distinctive blond tuft — has been spared from Eid al-Adha sacrifice after a last-minute government intervention, a Home Ministry official said https://t.co/Wqubh7LTM6
Reuters Exclusive: Pernod Ricard gave its Scotch whisky imports unique internal codenames in India -- part of a scheme to conceal the true value of imported Scotch and slash custom tariff payments, India investigators say.
From Scotland, they shipped bulk Scotch concentrates -- the raw soul of whiskies like Royal Stag. India-only internal names: RFM. HMW. Rich Fruity Malt. Heavy Malt Whisky. But the product hadn't changed. The recipe hadn't changed. And by also obscuring composition and age, investigators allege, Pernod made it impossible for customs to compare its import prices against rivals -- and so paid far less in tariffs than it should have.
Investigators summed it up: "Simple products of Scotland.. were complicated just to avoid comparison with similar goods imported."
Pernod says the codenames referred to a "bouquet of reconstituted Scotch malts". It is also arguing Indian officials wrongly excluded dozens of other companies that imported Scotch concentrates at lower prices and instead selectively compared it to India's Allied Blenders & Distillers
New documents reveal unreported details of the high-stakes battle. Pernod's tax liability currently stands at nearly $314 million. With penalties, the total payout could be more than $600 million if Pernod loses - an amount that is a fifth of its last year's Indian revenue of $2.9 billion.
The fight is significant: India is Pernod's biggest market in the world by volume.
Full story with court document details 👇 https://t.co/4c8oSFGS9n
One of #India most exclusive private clubs founded during #British colonial rule risks closure after the government ordered it to vacate the prime #NewDelhi site it has had for more than a century, triggering litigation and debate over elite privilege.👇
https://t.co/XB9ezY0vyO
🚨BREAKING NEWS: Air India crash report -- India is preparing an interim report ahead of the accident’s anniversary, not a final one, as the investigation is complex and is taking time, a source said.
Some investigators involved in the crash probe were not aware of the Indian officials’ planned visit to Seattle to inspect a fuel switch linked to a separate Air India London incident.
https://t.co/9JSnA0tMeP @abhijithg4@ReutersMontreal@Jamie_Freed
As the temperature in the city soars, Royal Bengal Tiger ‘Jay’ takes a dip inside a water pond in the Tiger exhibit of the Veermata Jijabai Bhosale Botanical Garden and Zoo in Mumbai on May 21. The prolonged heatwave conditions across the country, particularly in Maharashtra, have led to multiple cases of heatstroke.
📸@EmmanualYogini
India's job market is facing pressure from three fronts - overseas jobs in the gulf, potential slowdown and uncertainty on domestic manufacturing, and of course the big AI risk.
If unattended, the strain could hurt consumption and fuel unrest like the protests in north India last month, economists warn.
Reuters @manojgulnar reports from Kanpur to pick-up the sentiment on the ground.
https://t.co/sQ1mJ0PMEm
Our scoop from earlier for @Reuters: Indian air safety officials plan to travel to Seattle to observe Boeing's testing of a fuel-control switch panel that was removed from an Air India Dreamliner in February after the pilots flagged a possible defect.
https://t.co/OPUZXvUyR9
#India’s aviation regulator plans to send officials to #Boeing’s Seattle facility to monitor testing of a fuel‑control switch removed from an #AirIndia 787 after a London incident earlier this year.
https://t.co/MqZjXIDDmd