Reuters India Business

By Bhakti Tambe and Dharamraj Dhutia MUMBAI (Reuters) – Fundraising through public issues could see an uptick in 2023 as retail investors bet on attractive interest rates and companies look to diversify their funding portfolio under tightening liquidity conditions, bankers and analysts said. Indian companies raised around 5.38 trillion rupees ($64.95 billion) through private placements in …

Indian cos likely to raise funds via public issues in 2023 as cash tightens-bankers Read More »

By Anushka Trivedi MUMBAI (Reuters) – The Indian rupee strengthened a bit on Thursday, as traders cited dollar sales by exporters, but strong gains were not expected amid the holiday lull and risk aversion in broader markets. The rupee was at 82.78 per dollar by 10:05 a.m. IST, having firmed up to 82.75. The currency …

Rupee rangebound as dollar sales by exporters help in risk-averse market Read More »

By Rajendra Jadhav MUMBAI (Reuters) – India extended a policy to import refined palm oil at a lower duty and allowed imports of 51,000 tonnes of cotton at nil duty in 2023, the government said in a notification late on Thursday. The concessional duty structure for the refined palm oil had been due to expire …

India extends policy to import refined palm oil at lower duty Read More »

NEW DELHI (Reuters) – India’s power regulator on Wednesday retained a price cap of 12 rupees ($0.1450) per unit on electricity traded on its spot power exchanges ahead of expected record energy demand in the coming summer months. The Central Electricity Regulatory Commission (CERC) issued the order on Wednesday for extended retention of the ceiling …

Indian power regulator retains price cap at electricity exchanges Read More »

BENGALURU (Reuters) – State Bank of India, the country’s largest lender, said on Wednesday it will consider approval for raising funds through the issue of infrastructure bonds worth up to 100 billion rupees ($1.21 billion) during fiscal year 2023. A meeting of the executive committee of the central board of the bank is scheduled to …

India’s largest lender SBI to consider raising funds via infrastructure bonds Read More »

By Anushka Trivedi MUMBAI (Reuters) – The Indian rupee was expected to open little changed to the U.S. currency on Wednesday amid a spike in U.S. yields and a flat dollar. The rupee is seen around 82.75-82.80 per dollar in early trades versus its previous close of 82.8475. The currency may even gain marginally at …

Rupee likely to open little changed as U.S. yields jump, dollar flat Read More »