(Reuters) -Air India is close to signing an order with Boeing Co to acquire up to 150 737 Max jets, the Economic Times newspaper reported on Saturday, citing sources. The Tata Group-owned Indian carrier will likely place a firm order for 50 737 Max planes with an option to pick up as many as 150, …
Air India close to signing deal for 150 Boeing 737 Max jets – ET Read More »
By Kavya Guduru (Reuters) – Gold prices rose on Friday despite an uptick in the dollar and U.S. bond yields as some investors still expect the Federal Reserve will slow the pace of rate hikes from early next year. Spot gold rose 0.5% to $1,798.40 per ounce, as of 1907 GMT. U.S. gold futures settled …
Gold rises as Fed slowdown hopes offset firm yields, dollar Read More »
MUMBAI (Reuters) – India’s foreign exchange reserves rose for a fourth week to an over three-month high of $561.16 billion in the week through Dec. 2, the Reserve Bank of India’s (RBI) statistical supplement showed on Friday. The RBI in the past has said changes in its reserves is a function of revaluation gains or …
India’s forex reserves rise for 4th week, hit over 3-month high Read More »
NEW DELHI (Reuters) -India sought parliamentary approval on Friday for net additional spending of 3.26 trillion rupees ($40 billion) for the current financial year, spurred by a jump in expenditures on fertiliser and food subsidies amid the Ukraine war. The government sought approval for gross additional spending of 4.36 trillion rupees, it told parliament, after …
India asks parliament to approve additional spending of $39.7 billion Read More »
By Bharath Rajeswaran and Akansha Victor BENGALURU (Reuters) -Indian shares slid on Friday to log their worst week in over two months as IT stocks tumbled as HCL Technologies’ warning of a potential slowdown in client spending in the industry’s key U.S. market. The Nifty 50 index closed down 0.61% at 18,496.60, while the S&P …
Indian shares log worst week in over two months as IT stocks slump Read More »
BENGALURU (Reuters) – State Bank of India (SBI.NS) <SBI.NS> said on Friday it will consider raising additional tier 1 capital by issuing debt in rupees or other convertible currency, as the country’s largest lender looks to fund growth amid a rebound in demand for loans. A pick up in India’s economic activity after a pandemic …
India’s SBI to consider additional tier-1 capital raise Read More »
By Bharath Rajeswaran BENGALURU (Reuters) – Inflows into Indian equity mutual funds tanked nearly 76% to 22.58 billion Indian rupees ($274.49 million) in November from 93.9 billion rupees in the previous months, even as markets rose to new highs, according to data from the Association of Mutual Funds in India (AMFI). The fall in inflows …
Equity mutual fund inflows fall to 21-month low in Nov on rising rates Read More »
NEW DELHI (Reuters) – India’s public sector capital expenditure will continue, but may not need to expand at the same pace as it has in recent years, the country’s chief economic adviser (CEA) said on Friday. “What we have now in the corporate sector are very healthy balance sheets, very healthy bottom line, and a …
India’s public capex may not need to expand at same pace in coming years – CEA Read More »
By Sudarshan Varadhan KOLKATA (Reuters) – India’s thermal coal imports fell to the lowest levels in 10 months during November, data from consultancy Coalmint showed, mainly due to a rise in domestic coal production. The country imported 10.83 million tonnes of thermal coal in November, the Coalmint data showed, compared with 12.03 million tonnes in …
India Nov thermal coal imports at 10 month-low as local output soars Read More »
By Dharamraj Dhutia MUMBAI (Reuters) – Indian banks have raised $2 billion through infrastructure bonds over the last two weeks, anticipating a revival in private capital expenditure and increased government spending, analysts said. Two private lenders and one state-run bank have tapped the market to raise funds using these bonds in this period. Last week, …
Indian banks raise $2 billion via infrastructure bonds in 2 weeks Read More »
