Reuters India Business

By Saeed Azhar and Sinéad Carew (Reuters) – A dearth of IPOs, a plunge in stock prices and slowing global economic growth are clouding the outlook for revenue at global investment banks after pandemic spending by governments and central banks fueled a blockbuster 2021. Russia’s invasion of Ukraine and significant monetary tightening have led to …

Analysis: Global investment banking faces tougher times after blockbuster year Read More »

SEOUL (Reuters) – Thousands of South Korean truckers went on strike for a fourth day on Friday in a protest over pay as fuel costs surge, disrupting production, slowing port operations and posing new risks to a strained global supply chain. Following are some details of the disruption and reactions from union officials and businesses. …

Factbox-Impact of strike by South Korean truckers on autos, steel, others Read More »

(Reuters) – Fitch Ratings raised its outlook for India’s long-term foreign currency Issuer Default Rating (IDR) to “stable” from “negative” on Friday, citing diminished downside risks to medium-term growth. The upgrade brings its view of Asia’s third-largest economy in line with Standard and Poor’s and Moody’s ratings outlook. S&P has a ‘BBB-‘ rating on India, …

Fitch raises India outlook to ‘stable’, maintains rating Read More »

By Rajendra Jadhav and Mayank Bhardwaj MUMBAI/NEW DELHI (Reuters) – India’s surprise decision to ban wheat exports has raised concerns about potential curbs on rice exports as well, prompting rice traders to step up purchases and place atypical orders for longer-dated deliveries. Government and trade officials have said India, the world’s biggest exporter of rice, …

Explainer-Why India holds the key to global rice market outlook Read More »

PARIS (Reuters) – Spiralling costs for farm inputs like fertiliser could deter growers from expanding production and worsen food security in poorer countries facing record import bills, the United Nations’ food agency said on Thursday. An index of input costs for farmers was running at a record high and had climbed more steeply than food …

Fertiliser costs could prolong global food tensions – FAO Read More »

By Aditya Kalra and Krishna N. Das NEW DELHI (Reuters) – India is considering restricting imports of refrigerators to promote local manufacturing, two industry sources told Reuters on Thursday, potentially freezing out shipments from Samsung Electronics Co and LG Electronics Inc in the $5 billion market. The sources, who declined to be named as the …

Exclusive-India considers curbing fridge imports to boost local industry – sources Read More »

By Swati Bhat MUMBAI (Reuters) -The Indian rupee hit a record low against the U.S. dollar on Thursday as the relentless surge in global crude oil prices raised concerns about a sustained rise in imported inflation, while choppy domestic shares also hurt. The partially convertible rupee was trading at 77.79/80 per dollar after touching a …

India rupee hits record low amid sustained rise in global crude Read More »