MUMBAI (Reuters) – The Indian rupee closed little changed on Friday to cap a week of choppy price action that pulled the currency to a more than two-week high, followed by a retreat to near all-time lows as the dollar and U.S. bond yields rose despite a U.S. rate cut. The rupee closed at 88.09 …
Rupee ends choppy week on a quiet note, slight downward bias may persist Read More »
By Swati Bhat MUMBAI (Reuters) – India’s central bank is expected to recommend retaining an existing inflation target for a third consecutive time following feedback from stakeholders who backed the framework, two sources familiar with the matter said. Flexible inflation targeting in India mandates a 4% headline inflation target within a tolerance band of 2% …
By Bharath Rajeswaran and Vivek Kumar M (Reuters) – India’s equity benchmarks fell on Friday as financials and IT stocks came under profit-booking, but still marked a third straight week of gains after a U.S. rate cut, local tax reductions and optimism over trade talks with Washington. The Nifty 50 eased 0.38% to 25,327.05 and …
India stocks rise for 3rd week as Fed rate cut, US trade talks lift sentiment Read More »
By Rajendra Jadhav and Mayank Bhardwaj NEW DELHI (Reuters) – India’s sugar exports are likely to fall below 800,000 metric tons this season, missing the 1 million-ton quota, as rising Brazilian supplies push global prices lower and undercut Indian shipments, trade and government officials said. In January, India, the world’s biggest sugar producer, allowed exports …
Indian sugar mills to miss export quota, ship around 775,000 tons, sources say Read More »
(Reuters) – GK Energy’s initial public offering was fully subscribed on the first day of its three-day bidding period, driven by retail investors, with analysts citing attractive valuation and strong growth prospects amid India’s clean energy push. GK Energy provides engineering, procurement and commissioning (EPC) services for solar-powered agricultural water pump systems. It is the …
GK Energy IPO fully subscribed on first day, analysts cite strong growth potential Read More »
MUMBAI (Reuters) – Bloomberg Index Services is seeking views from investors on whether Indian government bonds should be included in its flagship global aggregate index, according to a notice sent to investors seen by Reuters. The index provider included India in its emerging market local currency bond index in January 2025. It is now looking …
By Haripriya Suresh BENGALURU (Reuters) -Urban Company, India’s largest home-services provider, will double down on offering services within an hour, in a bid to attract more clients who are used to instant deliveries of everything from groceries to gadgets, its top boss said. The company, which made a stellar trading debut on Wednesday after launching …
India’s Urban Company plans big bet on instant home services, CEO says Read More »
By Ashitha Shivaprasad (Reuters) – Gold prices fell on Thursday amid profit-taking, after the yellow metal scaled a record peak in the previous session, as markets assessed the Federal Reserve’s stance on further interest rate cuts. Spot gold slipped 0.4% to $3,643.40 per ounce as of 1:51 pm EDT (1751 GMT). U.S. gold futures for …
Gold takes a breather as markets weigh Fed’s policy stance Read More »
(Reuters) -India’s net direct tax collections rose over 9% year-on-year to 10.8 trillion rupees from April 1 to Sept 17, the government said on Thursday. Direct taxes, which include corporate and personal tax, rose over 3% year-on-year to 12.4 trillion rupees on a gross basis during the period, the statement from the income tax department …
India’s net direct tax collections rise over 9% y/y in April-Sep Read More »
(Reuters) -India’s federal investigating agency said on Thursday it has filed chargesheets in cases connected to “fraudulent” transactions between Anil Ambani’s companies, Yes Bank and firms owned by the lender’s former top boss. Central Bureau of Investigation (CBI) said that Yes Bank invested over 50 billion rupees ($567.21 million) in two Ambani-controlled companies in 2017, …
