By Dharamraj Dhutia and Bhakti Tambe MUMBAI (Reuters) – Indian companies, especially shadow lenders, may continue to flock to the corporate bond market in the near term to raise funds following a decline in yields, analysts said on Tuesday. “Yields have corrected sharply as views regarding interest rates have changed, and before the next policy …
Indian short-end corporate bond issuances surge as yields fall Read More »
By Nimesh Vora MUMBAI (Reuters) – The Indian rupee declined against the U.S. currency on Wednesday on dollar demand from importers and weak Asian cues. The rupee was trading at 81.48 to the dollar by 0450 GMT, down from 81.0950 in the previous session. The local unit had opened at near 81.40 and reached a …
Rupee adds to opening decline on persistent importer orders Read More »
By Praveen Paramasivam BENGALURU (Reuters) -Indian shares were largely unchanged on Wednesday as gains in the banks and IT sectors helped overshadow concerns in global markets following blast in Poland that local authorities said were caused by Russian-made missiles. The NSE Nifty 50 index rose 0.03% to 18,409.05 as of 0507 GMT. The S&P BSE …
Indian shares steady even as Polish blast rattles wider Asia markets Read More »
By Aditya Kalra NEW DELHI (Reuters) – India’s Tata Group is planning to open at least 20 “beauty tech” stores where it will use virtual makeup kiosks and digital skin tests to get young, affluent shoppers to buy premium cosmetic products, according to a company document and a person familiar with its strategy. The move …
India’s Tata to open 20 ‘beauty tech’ outlets, in talks with foreign brands Read More »
By Seher Dareen (Reuters) – Gold prices edged up near their highest in three months reached earlier on Tuesday on some safe-haven buying after news that two people were killed in eastern Poland near the Ukraine border. The deaths were in an explosion, firefighters said on Tuesday, with a senior U.S. intelligence official stating Russian …
Gold near three-month high on latest Russia jitters Read More »
MUMBAI (Reuters) – India raised the base import prices of gold, crude and refined palm oil, the government said in a statement on Tuesday, as prices rose in the world market. The government revises base import prices of edible oils, gold and silver every fortnight, and the prices are used to calculate the amount of …
India raises base import price of palm oil, gold Read More »
By Nidhi Verma NEW DELHI (Reuters) – India’s Essar Group has asked Nayara Energy to pay about $350 million upfront for a brand licensing deal struck 5 years ago when Essar Oil was sold to the Russian-led group, instead of staggering the payment, sources familiar with the matter said. Essar, built by brothers Shashi and …
India’s Essar seeks $350 million from Russia-backed Nayara in brand pact -sources Read More »
By Nikunj Ohri NEW DELHI (Reuters) -India is planning changes to its capital gains tax structure in the next budget, seeking to bring parity among tax rates and holding periods for investments across equity, debt and immovable property. Currently, asset classes are not taxed uniformly and have different holding periods for levying capital gains tax, …
India plans changes to capital gains tax structure in next budget – source Read More »
MUMBAI (Reuters) – India has given nine banks approval to open “vostro” accounts to help facilitate trade in rupees with Russia, federal trade secretary Sunil Barthwal said on Tuesday. India wants to promote trade denominated in rupees, but the country has yet to see any international trade deals settled in its domestic currency. Of the …
India approves ‘vostro’ accounts for nine banks to help promote trade in rupees Read More »
NEW DELHI (Reuters) – India’s merchandise trade deficit in October widened to $26.91 billion from $25.71 billion in the previous month, a Reuters calculation based on export and import data released by the government on Tuesday showed. India’s merchandise exports fell to $29.78 billion from $35.45 billion in the previous month, while imports declined to …
India’s Oct merchandise trade deficit widens to $26.91 billion Read More »
