Reuters India Business

By Nupur Anand and Swati Bhat MUMBAI (Reuters) – India’s central bank chief delivered a stark warning against investing in cryptocurrencies, saying they lacked the underlying value of even a tulip – in a reference to a speculative bubble that gripped the Netherlands in the 17th Century. Reserve Bank of India Governor Shaktikanta Das gave …

Warning Indians against cryptocurrencies, RBI chief says tulips have more value Read More »

By Chandini Monnappa BENGALURU (Reuters) -Indian automaker Mahindra and Mahindra Ltd reported a 57% jump in third-quarter profit on Thursday, boosted by higher revenues that offset an increase in costs due to supply chain disruptions and semiconductor shortages. The company, chaired by Indian billionaire Anand Mahindra, said it also saw a sharp rise in exports …

India’s Mahindra and Mahindra reports surge in quarterly profit Read More »

(Reuters) – The Reserve Bank of India’s key lending rate was held steady at record lows on Thursday, but it surprised markets by leaving its key deposit rate unchanged against some economists’ predictions of a hike to re-align it with short-term money market rates. The monetary policy committee held the lending rate, or the repo …

India’s central bank holds key rates steady in surprise move Read More »

By Brijesh Patel (Reuters) -India’s fuel consumption fell in January after scaling a nine-month peak in December, government data showed on Wednesday, as COVID-19 curbs in several states hit mobility and industrial activity. Fuel consumption in the world’s third biggest oil consumer, a proxy for oil demand, totalled 17.61 million tonnes, down 3.7% from December …

India’s fuel demand reined in by COVID curbs in January Read More »

By Hannah Lang and Herbert Lash NEW YORK (Reuters) -The dollar slid further on Wednesday and the euro extended gains following a hawkish shift from the European Central Bank last week and ahead of key data on U.S. consumer prices due on Thursday. The CPI print may offer new indications about the pace of the …

Dollar ticks down, euro up ahead of U.S. CPI report Read More »

By Aditi Shah NEW DELHI (Reuters) – Hyundai Motor, Domino’s and other companies have found themselves in a diplomatic fracas after their Pakistani partners tweeted support for disputed Kashmir, irking Indians and highlighting the risks of operating in the region. Kashmir has long been a flashpoint between India and arch rival Pakistan, each of which …

Fracas over Kashmir tweet highlights risks for global companies Read More »