Reuters India Business

India’s services sector growth accelerates to 5-month high in Aug, PMI shows

4 Sep 2024

By Shaloo Shrivastava BENGALURU (Reuters) – Activity in India’s dominant services sector rose at its fastest pace in five months in August as demand remained resilient amid easing inflationary pressures, a survey showed. The HSBC final India Services Purchasing Managers’ Index, compiled by S&P Global, rose to 60.9 in August, up from July’s 60.3 and …

India’s services sector growth accelerates to 5-month high in Aug, PMI shows Read More »

India’s steel ministry backs industry’s demand to raise tariffs

4 Sep 2024

By Shivangi Acharya NEW DELHI (Reuters) -India’s steel minister will try to convince the finance ministry to raise tariffs on steel imports, he said on Wednesday, to protect domestic mills from a rise in cheaper imports from countries such as China. India, the world’s second biggest crude steel producer, turned net steel importer in the …

India’s steel ministry backs industry’s demand to raise tariffs Read More »

Indian auto parts maker Motherson to launch $715 million share sale, sources say

4 Sep 2024

By Aditi Shah and Aditya Kalra NEW DELHI (Reuters) – One of India’s largest makers of auto parts, Samvardhana Motherson International, will launch a share sale of up to $715 million this month, two sources briefed on the matter told Reuters, the latest company to tap a booming stock market. The fund-raising exercise stands to …

Indian auto parts maker Motherson to launch $715 million share sale, sources say Read More »

Singapore’s CapitaLand aims to more than double India funds under management by 2028

4 Sep 2024

(Reuters) – Singapore’s CapitaLand Investment said on Wednesday it aims to more than double its funds under management in India by 2028 from S$7.4 billion ($5.66 billion) as of June 30. This will contribute to the company’s global target of achieving S$200 billion in FUM by 2028, the real estate investment manager said. “The country …

Singapore’s CapitaLand aims to more than double India funds under management by 2028 Read More »

Analysis-Ethanol push turns India into corn importer, shaking up global market

4 Sep 2024

By Rajendra Jadhav MUMBAI (Reuters) – A push by India to make more corn-based ethanol has turned Asia’s top corn exporter into a net importer for the first time in decades, squeezing local poultry producers and scrambling global supply chains. The jump in import demand comes after India in January hiked the procurement price of …

Analysis-Ethanol push turns India into corn importer, shaking up global market Read More »

US lenders not on insolvency panel of India’s Byju’s, sources say

4 Sep 2024

By Aditya Kalra NEW DELHI (Reuters) -U.S.-based Glas Trust is not part of a key panel overseeing the insolvency proceedings of Indian education-technology giant Byju’s, and will need to substantiate the $1 billion claim of lenders it represents, according to documents and three sources. Byju’s was once a darling of global investors and valued at …

US lenders not on insolvency panel of India’s Byju’s, sources say Read More »

India working on simplified rules for foreigners investing only in government bonds, official says

3 Sep 2024

(Reuters) -The Securities and Exchange Board of India is working on allowing simplified registration rules for foreigners investing only in government bonds, an official with the markets regulator said on Tuesday. “For foreign funds investing in only government bonds, given that India’s debt has been included in global indices, we are trying to make the registration process …

India working on simplified rules for foreigners investing only in government bonds, official says Read More »

Close Bitnami banner
Bitnami