India’s Adani still eligible to be part of influential JPMorgan bond indexes
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 …
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India’s central bank widely seen delivering final 25 bps hike
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 …
India’s largest mortgage lender HDFC misses Q3 profit view on higher funding costs
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 …
India’s Adani calls off $2.5 billion share sale
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 …
India’s top banks say Adani exposure within RBI limits but remain watchful
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 …
India’s Adani dollar bonds hit lowest since November
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 …
India’s FY24 gross borrowing could be less than expected -economists
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 …
India’s 2023/24 budget likely to be cautious, cutting deficit
By Aftab Ahmed NEW DELHI (Reuters) – The Indian government will present a budget on Feb. 1 that will likely put deficit reduction ahead of …
India’s Reliance Industries misses profit view on windfall tax
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 …
India’s Russian oil binge drags down OPEC’s share to lowest in 2022
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 …
Analysis: India’s rising home prices, rentals a new inflation threat
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 …
India’s coal imports directive to power plants a precautionary step – official
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 …
India’s inflation likely remained steady at 5.90% in December: Reuters poll
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 …
India’s FY24 growth to dip to 5.5% from 6.8% in FY23 – HSBC economist
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 …
India’s services growth at 6-month high on robust demand – PMI
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 …
India’s factories ended 2022 on a strong note
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 …
India’s RBI may hike repo rate to 6.75% in 2023 – IDBI Bank’s Arun Bansal
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 …
Analysis: India’s post-COVID spending boom drives two-speed economy
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 …
India’s textile industry faces tough times as consumers cut spending
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 …
India’s wheat stocks to fall further but sufficient, government says
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 …
India’s central bank set to raise rates; outlook on growth, inflation in focus
By Swati Bhat MUMBAI (Reuters) – The Reserve Bank of India (RBI) is widely seen raising its key lending rate by 35 basis points on …
India’s Nov services activity growth hit 3-month high, high inflation a concern
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 …
India’s jobless rate rises to three-month high of 8% in Nov – CMIE
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 …
India’s first private rocket company looks to slash satellite costs
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 …
India’s central bank approves 12 ‘vostro’ accounts for rupee trade – official
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, …
India’s HDFC Bank, Canara Bank get approval for rupee trade with Russia – report
BENGALURU (Reuters) – India’s central bank has allowed HDFC Bank Ltd and Canara Bank Ltd to open a special “vostro account” for trade in rupees …
India’s electronics industry moves towards uniform charging ports for smartphones
NEW DELHI (Reuters) – Electronics industry stakeholders in India have agreed to a phased roll-out of USB-C type uniform charging ports for devices including smartphones …
India’s October WPI inflation eases to 8.39% y/y
NEW DELHI (Reuters) – India’s annual wholesale price-based inflation (WPI) eased in October to 8.39% year-on-year, the lowest since March 2021, helped by a fall …
India’s Sept industrial output rose 3.1% y/y – govt
NEW DELHI (Reuters) – India’s annual industrial output rose 3.1% year-on-year in September, government data showed on Friday. Analysts polled by Reuters had expected a …
Moody’s cuts India’s 2022 GDP growth forecast to 7%, sees 2023 growth at 4.8%
MUMBAI (Reuters) – Rating agency Moody’s cut India’s growth projections for the current and next calendar year due to higher inflation, high interest rates and …
India’s Gujarat state suspends senior local administrator for bridge collapse
By Sumit Khanna MORBI, India (Reuters) – A senior administrative official in the Indian town of Morbi has been suspended by the Gujarat state government …
Flags at half-mast as India’s Gujarat mourns deadly bridge collapse
By Shivam Patel MORBI, India (Reuters) – India’s Gujarat state on Wednesday mourned the death of 135 people from a bridge collapse on the weekend, …
India’s April-Sept fiscal deficit touches $74.91 billion, tax receipts rise
NEW DELHI (Reuters) – India’s federal fiscal deficit in the first half of the financial year through September rose to 6.20 trillion rupees ($74.91 billion) …
KKR, others to invest $500 million in India’s UPL units
BENGALURU (Reuters) – India’ UPL Ltd said on Friday U.S. investment firm KKR & Co Inc and others would invest $500 million in the company’s …
India’s September WPI inflation eases to 10.70% y/y -govt
NEW DELHI (Reuters) – India’s annual wholesale price-based inflation (WPI) eased in September to 10.70% year-on-year from 12.41% the previous month, government data showed on …
India’s retail inflation rate likely peaked in September – analysts
MUMBAI (Reuters) – India’s consumer price-led inflation is expected to gradually decelerate after September, helped by a fall in commodity prices and easing food inflation, …
India’s August industrial output fell for the first time 18 months
NEW DELHI (Reuters) -India’s industrial output unexpectedly fell year-on-year in August for the first time in 18 months, as heavy rains dampened mining and construction …
India’s IT ministry says Apple AirPods to be made in India – CNBC TV18
NEW DELHI (Reuters) – Apple Inc’s wireless earphones AirPods will be manufactured in India, television channel CNBC TV18 reported on Monday, citing the country’s IT …
India’s Adani Group in talks to buy Jaiprakash’s cement unit for $606 million – Bloomberg
BENGALURU (Reuters) -India’s Adani Group is in advanced talks to buy debt-laden Jaiprakash Associates Ltd’s cement business for $606 million, Bloomberg News reported on Monday, …
India’s RBI intervening in NDF market, monitoring rupee positions – traders
By Nimesh Vora MUMBAI (Reuters) – The Reserve Bank of India has been selling dollars in the non-deliverable forward (NDF) market via local banks based …
India’s RBI sells dollars as rupee hits record low on U.S. rate hike fears
MUMBAI (Reuters) – The Reserve Bank of India likely sold dollars via state-run banks on Friday after the rupee slid below 82 to a record …
India’s Nykaa and Dubai’s Apparel Group forge Gulf alliance
NEW DELHI (Reuters) -Indian cosmetics and fashion retailer Nykaa and Dubai-based lifestyle and fashion conglomerate Apparel Group have struck an alliance to expand in the …
India’s Edelweiss AM says repo rate may hit 6.75% on inflation woes
By Anushka Trivedi and Dharamraj Lalit Dhutia MUMBAI (Reuters) – The Reserve Bank of India may have to hike the repo rate to as much …
India’s weakening exports slows trade deficit moderation – Barclays
MUMBAI (Reuters) – India’s large trade deficit is beginning to consolidate, but the weaker exports are prompting a more gradual adjustment than expected, Barclays Bank …
India’s Hero MotoCorp to invest $60 million in Zero Motorcycles
BENGALURU (Reuters) -Indian bikemaker Hero MotoCorp said on Thursday it will invest $60 million in California-based Zero Motorcycles to jointly develop electric motorcycles, as it …
Hawkish Fed may prompt India’s RBI to deliver a 50-basis-point hike
By Swati Bhat MUMBAI (Reuters) – Interest rate hikes in the United States and the resultant pressure on the rupee is likely to give the …
India’s RBI likely sells dollars as surging U.S. yields hold rupee hostage – traders
MUMBAI (Reuters) – The Indian central bank likely sold dollars via state-run banks on Wednesday as rising Treasury yields and mounting risk aversion pushed the …
India’s BigBasket looks to raise $200 million at up to $3.5 billion valuation- ET
BENGALURU (Reuters) – India’s Tata Group-backed BigBasket has initiated a fresh round of funding that could value the online grocery startup at around $3.5 bln, …
India’s air safety watchdog extends restriction on SpiceJet
BENGALURU (Reuters) – India’s air safety watchdog on Wednesday said it was extending a restriction on Indian budget carrier SpiceJet Ltd’s flight departures until Oct. …
India’s RBI announces 500 billion rupee overnight repo
The Reserve Bank of India will conduct an overnight variable rate repo auction for 500 billion Indian rupees ($6.25 billion) on Thursday, the central bank …