Reuters India Business

By Haripriya Suresh and Sai Ishwarbharath B BENGALURU (Reuters) – Tata Consultancy Services said on Friday it is banking on its robust deal pipeline to drive growth in 2025 after it reported lower-than-expected quarterly revenue on weak client spending in North America. The $254-billion Indian IT sector’s clients have been curtailing their discretionary spends amid …

India’s TCS pins hopes on strong deal pipeline to drive growth in fiscal 2025 Read More »

By Sarita Chaganti Singh NEW DELHI (Reuters) -India’s annual retail inflation rate eased in March to a five-month low helped by a drop in fuel prices, government data showed on Friday, but economists say a rate cut by the central bank is still some months away as food prices remain sticky. Annual retail inflation in …

India’s March retail inflation eases to five-month low Read More »

(Reuters) – India’s retail inflation in March eased to 4.85% from 5.09% in February, government data showed on Friday. A Reuters poll of 50 economists had forecast retail inflation at 4.91% for the month. COMMENTARY: GARIMA KAPOOR, ECONOMIST, INSTITUTIONAL EQUITIES, ELARA SECURITIES, MUMBAI “March CPI (consumer price index) inflation came in line with expectations amid …

Instant View: India’s March retail inflation eases to 4.85% y/y Read More »

MUMBAI (Reuters) – India’s foreign exchange reserves rose for the seventh straight week to hit a record high of $648.56 as of April 5, data from the central bank showed on Friday. The reserves rose by $2.98 billion in the reporting week, after having risen by a total of $29.45 billion in the previous six …

India’s forex reserves rise for seventh consecutive week to record high Read More »

BENGALURU (Reuters) -Japan’s Mitsubishi UFJ Financial Group (MUFG) is buying a 20% stake in HDFC Bank’s non-banking unit HDB Financial Services, valuing the IPO-bound subsidiary between $9 billion and $10 billion, the Economic Times reported on Friday. The final decision is likely to take place next week at the HDFC Bank board meeting, according to …

Japan’s MUFG to buy stake in India’s HDFC Bank unit HDB Financial, Economic Times reports Read More »

By Jaspreet Kalra and Dharamraj Dhutia MUMBAI (Reuters) – Overseas investors seeking exposure to India’s debt ahead of its inclusion in global benchmark indexes are using proxy instruments such as offshore swaps as they aim to overcome the country’s onerous investment regulations. Foreign investors have flocked to Indian government bonds ahead of their inclusion in …

Foreign investors turn to derivative proxies to gain exposure to Indian debt Read More »

BENGALURU (Reuters) -Indian telecom operator Vodafone Idea said on Friday it would raise up to 180 billion rupees ($2.16 billion) later this month through a sale of new shares, in what will be the country’s biggest follow-on public offering (FPO). The debt-laden company said in February it would raise up to 200 billion rupees through equity, …

Vodafone Idea to launch $2.16 billion share sale in India’s biggest follow-on stock offering Read More »