BENGALURU (Reuters) – Indian shares ended higher on Tuesday, led by IT and banking stocks, after retail inflation came within the central bank’s tolerance limit for the first time in 10 months, while investors looked ahead to the U.S. inflation report. The Nifty 50 index closed 0.60% up at 18,608, and the S&P BSE Sensex …
Indian shares boosted by banks, IT stocks; U.S. CPI data in spotlight Read More »
By Anushka Trivedi MUMBAI (Reuters) – The Indian rupee slipped against the dollar on Tuesday, mirroring the fall in Asian currencies ahead of the U.S. inflation report, while importer-led demand for the greenback weighed. The partially convertible rupee ended at 82.8050 per dollar, against its previous close of 82.53. Dollar demand by domestic players continued, …
Rupee slips as Asian FX decline ahead of U.S. inflation test Read More »
By Nimesh Vora MUMBAI (Reuters) -The Indian central bank has lifted the informal restrictions on rupee non-deliverable forward trades it had placed on local banks in October, four bankers told Reuters. All banks are now back to building positions in this segment, said one of the bankers with a private sector lender. The bankers declined …
Exclusive-India’s RBI removes informal restrictions on rupee NDF trades – sources Read More »
BENGALURU (Reuters) -Indian automaker Tata Motors Ltd said on Tuesday it would increase prices of its commercial vehicles by up to 2% from January to partly offset a steep rise in input costs. The company’s third price increase in the commercial segment this year will be applicable across all vehicles, but vary across models and …
Tata Motors to raise commercial vehicle prices by up to 2% to offset costs Read More »
MUMBAI (Reuters) – India’s Bank of Baroda plans to raise funds through a sale of certificates of deposits maturing in six months, three merchant bankers said on Tuesday. The state-run lender will offer a yield of 7.30% on the issue, and it has received commitments worth around 8 billion rupees ($96.76 million) so far, they …
MUMBAI (Reuters) – India’s real interest rate has turned positive after headline retail inflation eased below 6% for the first time this year, analysts said, suggesting that the peak policy rate is now close. The RBI has hiked repo rate by 225 basis points since May, taking the terminal rate to 6.25%, to curb inflationary …
India’s real rates turn positive as inflation eases, peak rate in sight – analysts Read More »
By Brijesh Patel (Reuters) – Gold prices slipped on Monday as investors stayed on the sidelines awaiting U.S. inflation data and the Federal Reserve’s rate-hike decision later this week. Spot gold was down 0.9% at $1,780.19 per ounce by 15:29 p.m. ET (2029 GMT). U.S. gold futures settled 1% lower at $1,792.30. “The markets are …
Gold falls ahead of U.S. inflation data, Fed outcome Read More »
By Tim Hepher and Aditi Shah PARIS/NEW DELHI (Reuters) – Air India is close to placing landmark orders for as many as 500 jetliners worth tens of billions of dollars from both Airbus and Boeing as it carves out an ambitious renaissance under the Tata Group conglomerate, industry sources said on Sunday. The orders include …
Exclusive-Air India nears historic order for up to 500 jets -sources Read More »
BENGALURU (Reuters) -Indian automaker Tata Motors Ltd said on Monday it was exploring the sale of a portion of its stake in Tata Technologies through an initial public offering (IPO). The proposed IPO could be among Tata Group’s first in years, with direct broadcast satellite service provider Tata Play also set to file offer documents …
India’s Tata Motors looks to sell part stake in Tata Technologies via IPO Read More »
By Manoj Kumar NEW DELHI (Reuters) – India’s annual industrial output contracted 4% in October, its weakest performance in 26 months, after revised growth of 3.5% in September, data released on Monday showed, as rising interest rates and slowing global growth dampened consumer demand. Analysts polled by Reuters had expected expansion of 0.3% in October. …
India’s industrial output drops to 26-month low as rate hike hits demand Read More »
