Reuters India Business

MUMBAI (Reuters) – India’s central bank chief on Wednesday warned that the next financial crisis will come from private cryptocurrencies adding that he still holds the view that cryptocurrencies should be prohibited. Reserve Bank of India governor Shaktikanta Das also added that cryptocurrencies have no underlying value and pose risks for macroeconomic and financial stability. …

India cenbank chief says next financial crisis will come from private cryptocurrencies Read More »

BENGALURU (Reuters) – India has imposed an anti-dumping duty on stainless steel seamless tubes and pipe imports from China for five years to remove “injury” to the domestic industry, according to a government notification. (Reporting by Nandan Mandayam in Bengaluru; Editing by Rashmi Aich)

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 repairs lure new investment, fueling hot demand for everything from cars to televisions, coal and airliners. The world’s fifth-largest economy is expected grow 6% in …

Analysis: India’s post-COVID spending boom drives two-speed economy Read More »

NEW DELHI (Reuters) – Fitch Ratings on Tuesday affirmed India’s ratings at ‘BBB-‘ with a stable outlook. Fitch said it expects the general government deficit to fall slightly to 9.6% of GDP in full-year 2023 from 9.8% in full-year 2022. “India is somewhat insulated from the gloomy global outlook in 2023, given its modest reliance …

Fitch affirms India at ‘BBB-‘ with stable outlook Read More »

MUMBAI, India (Reuters) -India’s market regulator on Tuesday said buybacks through stock exchanges would be phased out gradually and allowed only through tenders as it seeks to develop a more “equitable” process for shareholders. The Securities and Exchange Board of India (SEBI) also increased the minimum utilisation amount for buybacks through stock exchange to 75% from 50%. “We feel …

India market regulator to phase out buybacks through stock exchanges Read More »

By Siddhi Nayak and Dharamraj Dhutia MUMBAI (Reuters) – The worst is behind for the Indian rupee and bond yields may trend lower in the rest of the financial year, the head of treasury at Kotak Mahindra Bank said in an interview. “The worst part of dollar strength globally is behind us, which means that …

Worst over for Indian rupee, bond yields may dip this FY – Kotak Mahindra Bank’s Rajeev Mohan Read More »