SINGAPORE (Reuters) -India’s Adani group of companies, which in recent weeks has seen a brutal selloff in its bonds and shares after being targetted by a U.S. short-seller, is still…
By Swati Bhat MUMBAI (Reuters) – India’s central bank is widely expected to raise its policy interest rate by a quarter percentage point to mark its final increase in the…
BENGALURU (Reuters) – Housing Development Finance Corp (HDFC), India’s largest mortgage lender, reported a 13.2% rise in third-quarter profit on Thursday, missing estimates, as higher funding costs took the shine…
NEW DELHI (Reuters) – India’s Adani Enterprises on Wednesday called off its $2.5 billion share sale, citing market conditions, a week after a U.S. short-seller’s critical report unleashed a rout…
By Nupur Anand and Siddhi Nayak MUMBAI (Reuters) – Some of India’s leading public sector banks said on Friday their exposure to the Adani Group was within the limits prescribed…
LONDON (Reuters) – Dollar bonds issued by entities of India’s Adani Group tumbled on Friday as a scathing report by a U.S. short seller triggered a rout in the conglomerate’s…
MUMBAI (Reuters) – India’s central government’s gross market borrowings for 2023/24 could come in below market expectations as a pool of securities raised to compensate states for a shortfall in…
By Aftab Ahmed NEW DELHI (Reuters) – The Indian government will present a budget on Feb. 1 that will likely put deficit reduction ahead of vote-winning spending, even as Prime…
By Sethuraman N R BENGALURU (Reuters) -Reliance Industries Ltd on Friday reported a bigger-than-expected drop in quarterly profit as India’s biggest company by market valuation took a hit from the…
By Nidhi Verma NEW DELHI (Reuters) – Russia became the third-largest oil supplier to India in 2022, making up about 15% of total purchases, dragging down OPEC’s share to the…
By Siddhi Nayak MUMBAI (Reuters) – Rising home prices and rentals in large Indian cities could pose a new challenge to the country’s central bank in its fight against inflation,…
NEW DELHI (Reuters) – India’s recent coal imports directive to power plants was a precautionary measure as the country is expecting high electricity demand to continue in the coming months,…
By Madhumita VikramGokhale BENGALURU (Reuters) – India’s retail inflation held steady in December, staying within the Reserve Bank of India’s comfort zone for a second month as a moderation in…
MUMBAI (Reuters) – India’s economy is expected to grow 5.5% in the next financial year, a notch below the expected potential rate of 6%, as growth momentum in the country…
By Anant Chandak BENGALURU (Reuters) – India’s services industry saw activity increase at the fastest pace in six months during the final month of 2022 amid robust demand, fuelling business…
By Vivek Mishra BENGALURU (Reuters) – India’s manufacturing industry ended 2022 on a solid footing as business conditions improved at the fastest rate in over two years while growth in…
By Siddhi Nayak and Dharamraj Dhutia MUMBAI (Reuters) – The Reserve Bank of India could take the key policy rate to 6.75% next year, as core inflation stays elevated and…
By Ira Dugal MUMBAI (Reuters) – India is set to be the world’s fastest growing major economy in the year ahead, as a post-pandemic retail boom and recent bank balance-sheet…
By Manoj Kumar and Rajendra Jadhav NEW DELHI/MUMBAI (Reuters) – India’s $200 billion textile and apparel industry is facing a crisis as consumers in the United States, Europe and other…
NEW DELHI (Reuters) – Wheat stocks in India’s government warehouses will fall by about 13% by early next month from current levels but will be sufficient for welfare schemes of…
By Swati Bhat MUMBAI (Reuters) – The Reserve Bank of India (RBI) is widely seen raising its key lending rate by 35 basis points on Wednesday as inflation continues to…
By Indradip Ghosh BENGALURU (Reuters) – India’s services activity grew at its quickest pace in three months in November on strong demand, lifting optimism to its highest in eight years,…
NEW DELHI (Reuters) – India’s unemployment rate rose to 8.0% in November, highest in three months, from 7.77% in the previous month, data from the Centre for Monitoring Indian Economy…
By Nivedita Bhattacharjee BENGALURU (Reuters) – The startup behind India’s first private space launch plans to put a satellite into orbit in 2023 and expects to be able to do…
NEW DELHI (Reuters) – India’s central bank has given approval to banks to open 12 special “vostro accounts” for trade in rupees with trading partners, its Executive Director Deepak Kumar…