By Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee hit a record low on Tuesday, hurt by lingering concerns over the impact of steep U.S. tariffs and a sharp jump in H-1B visa fees, though likely central bank intervention helped limit the losses. The currency slid to 88.7975 per dollar before closing at 88.7550, down …
Rupee hits record low as U.S. tariff, visa policies heap pressure Read More »
By Nimesh Vora MUMBAI (Reuters) – Market expectations for swings in the Indian rupee remain subdued despite the currency slipping to an all-time low on the back of steep U.S. tariffs and an increase in H-1B visa fees that could disrupt services exports. The rupee fell 0.52% to 88.7925 per U.S. dollar on Tuesday to …
India rupee at record low, but options market is not sweating the swings Read More »
By Bharath Rajeswaran and Vivek Kumar M (Reuters) -India’s equity benchmarks ended little changed on Tuesday as concerns over the impact of steep new H1-B visa fee offset gains from auto and finance stocks on festive demand optimism and improved earnings outlook. The Nifty 50 fell 0.13% to close at 25,169.5 points, while the BSE …
Indian benchmarks muted as US visa worries offset consumption optimism Read More »
By Ira Dugal MUMBAI (Reuters) -JPMorgan Chase expects initial public offerings in India this year to surpass the highs of 2024, with a number of billion-dollar issues lined up over the next few months, the Wall Street bank’s head of capital markets said. Indian firms raised $20.5 billion via 91 public offerings in 2024, making …
JPMorgan sees India IPOs surpass 2024 levels as fund raising gathers steam Read More »
By Rishika Sadam NEW DELHI (Reuters) -India’s Fortis Healthcare plans to open more dedicated obesity clinics across its hospitals to meet surging demand for weight-loss drugs and therapies in the world’s most populous nation, its CEO told Reuters. The India launch of popular weight-loss drugs such as Eli Lilly’s Mounjaro and Novo Nordisk’s Wegovy this …
India’s Fortis to expand obesity clinics amid weight-loss therapy boom, CEO says Read More »
By Gopika Gopakumar MUMBAI (Reuters) -India’s pension regulator is looking to widen investment options for private pension funds to drive better returns for subscribers, after it permitted fund houses to launch customised pension schemes earlier this month. The regulator is considering allowing pension funds to invest in gold and silver exchange-traded funds, venture capital funds, …
By Noel John (Reuters) – Gold rose nearly 2% to an all-time high on Monday, fueled by growing expectations of further U.S. rate cuts and persistent safe-haven demand amid political uncertainty. Investors are closely watching upcoming Federal Reserve speeches and key inflation data for fresh policy signals. Spot gold rose 1.7% to a fresh record …
Gold hits fresh record high as investors eye further rate cuts Read More »
By Haripriya Suresh and Sai Ishwarbharath B BENGALURU (Reuters) -India’s $283 billion information technology sector will have to overhaul its decades-old strategy of rotating skilled talent into U.S. projects following U.S. President Donald Trump’s move to impose a $100,000 fee for new H-1B visas from Sunday, according to tech veterans, analysts, lawyers and economists. The …
Trump’s H-1B visa crackdown upends Indian IT industry’s playbook Read More »
NEW DELHI (Reuters) -India’s infrastructure output rose 6.3% year-on-year in August, backed by growth in steel, coal and cement production, government data showed on Monday. The index, which tracks activity across eight sectors and makes up 40% of the country’s industrial production, grew at a revised 3.7% in July. KEY NUMBERS * Crude oil output …
India’s August infrastructure output grows 6.3% y/y Read More »
NEW DELHI (Reuters) -The Indian government’s market borrowings for the second half of the current financial year will remain unchanged, Chief Economic Adviser V. Anantha Nageswaran said on Monday. India plans to borrow 14.82 trillion rupees ($167.87 billion) for the current financial year ending March 31, of which it is scheduled to borrow 6.8 trillion …
India’s borrowing plan for FY26 second half unchanged, chief adviser says Read More »
