By Manoj Kumar NEW DELHI (Reuters) -Trade talks between India and the European Union have entered a crucial phase and negotiators are working intensively to meet a year-end deadline for signing the free trade pact, a top European Union Official said on Tuesday. The EU is India’s biggest trading partner in goods, with bilateral trade …
India, EU trade talks enter crucial phase, aiming to seal deal by year end Read More »
By Jayshree P Upadhyay and Nishit Navin MUMBAI (Reuters) – India’s markets regulator on Friday made it easier for sovereign-backed and overseas retail funds to access the local markets with simplified rules, a move expected to ease access for nearly two-thirds of foreign investors. The relaxation comes at a time when India has seen foreign …
India eases foreign investors’ entry, lowers minimum size of large IPOs Read More »
By Praveen Paramasivam (Reuters) -The U.S. subsidiary of India’s Vadilal Industries will start manufacturing ice cream at its local facility by the year-end to reduce dependence on imports and boost sales, an executive of the unit said on Friday. Vadilal Industries USA currently imports a majority of its products from India. U.S. President Donald Trump …
India’s Vadilal Industries U.S. unit to make ice creams locally to cut imports Read More »
MUMBAI (Reuters) -India’s market regulator on Friday approved a plan to simplify fund-raising by large companies through an initial public offering. The Securities and Exchange Board of India said companies can now sell a minimum of 2.5% of their paid-up share capital in their IPO from the current 5% if their market capitalisation is above …
India’s market regulator allows large firms to launch IPOs with smaller issue size Read More »
By Nikunj Ohri and Sarita Chaganti Singh NEW DELHI (Reuters) – India’s retail inflation accelerated to 2.07% in August as food prices inched higher over the previous month, but stayed well within the central bank’s tolerance band, leaving room for another interest rate cut this year. Annual retail inflation quickened from a revised 1.61% in …
India’s inflation edges up, but rate-cut bets stay alive Read More »
By Bharath Rajeswaran and Vivek Kumar M (Reuters) – India’s blue-chip indexes advanced in a broad-based rally for a second straight week, as soft U.S. jobs data bolstered bets of a Federal Reserve rate cut next week. The indexes gained 1.5% this week, also supported by New Delhi’s tax cuts on hundreds of goods as …
India’s equity benchmarks rise for 2nd week on tax boost, Fed easing bets Read More »
By Ashwin Manikandan MUMBAI (Reuters) – The Indian rupee climbed on Friday, as a key U.S. inflation data came in line with expectations and reinforced bets that the Federal Reserve will cut interest rates next week. The rupee ended 0.19% up at 88.2750 on Friday from the close of 88.4425 on Thursday – a record …
By Mayank Bhardwaj and Rajendra Jadhav NEW DELHI (Reuters) -India, the world’s second biggest sugar producer, will have sufficient surplus stocks of the commodity to allow exports in the season beginning October 1, a senior government official said on Friday. Exports by India could weigh on global prices, but would help the Indian government support …
India poised to export sugar in new season due to ample stocks Read More »
By Nandan Mandayam (Reuters) -India’s CEAT expects to see demand for its tyres for tractors and entry-level motorcycles to jump the most among its segments, following a consumption tax cut set to take effect later this month, a senior executive told Reuters on Friday. Last week, India announced tax cuts on hundreds of consumer items …
By Patricia Zengerle and David Brunnstrom WASHINGTON (Reuters) – U.S. President Donald Trump’s nominee to be ambassador to India said on Thursday that Washington and New Delhi are “not that far apart” on tariffs at a hearing in which he and Trump’s fellow Republicans described warm bilateral ties despite recent tensions. In a highly unusual …
Trump India ambassador nominee touts warm US-India ties, sees tariff deal soon Read More »
