Reuters India Business Archives - Page 152 of 751

India plans lower-than-expected market borrowing of $90 billion in fiscal first half

27 Mar 2024 27 Mar 2024

By Nikunj Ohri and Dharamraj Dhutia NEW DELHI (Reuters) -The Indian government plans gross market borrowing of 7.5 trillion rupees ($90 billion) in the April-September period, which is 53% of the total estimate for the year, the finance ministry said on Wednesday. The market had pegged the borrowing to be 56%-58% of the annual target. …

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India cenbank eases recently tightened rules for lenders’ investments in AIFs

27 Mar 2024 27 Mar 2024

MUMBAI (Reuters) -India’s central bank on Wednesday eased its recently tightened rules that mandated lenders set aside higher provisions if they have bought into alternative investment funds (AIFs) that, in turn, have invested in the lender’s borrowers. This was to ensure the rules were uniformly implemented among lenders and to address stakeholders’ concerns, the Reserve …

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India central bank keen to further build up record high FX reserves, say sources

27 Mar 2024 27 Mar 2024

By Jaspreet Kalra and Swati Bhat MUMBAI (Reuters) – India’s central bank will keep building its forex reserves as it seeks to build larger buffers and strong inflows into the country’s equity and debt markets give it an opportunity to do so, two sources familiar with the bank’s thinking said. The Reserve Bank of India’s absorption …

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Rupee falls to record low, cenbank likely steps in

27 Mar 2024 27 Mar 2024

By Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee hit a record low on Wednesday on aggressive dollar bids by local oil companies, importers and equity-related outflows, while likely central bank intervention capped losses, traders said. The rupee closed at 83.3725 against the U.S. dollar, down 0.1% compared with its close at 83.28 in the …

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Reliance leads rise in Indian shares; realty stocks extend rally

27 Mar 2024 27 Mar 2024

By Bharath Rajeswaran and Hritam Mukherjee BENGALURU (Reuters) -Indian shares rose on Wednesday led by heavyweight Reliance Industries after Goldman Sachs set a Street-high price target, while a rally in realty stocks on rising housing sales also aided sentiment. The blue-chip NSE Nifty 50 index settled 0.54% higher at 22,123.65, while the BSE Sensex rose …

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State Bank of India, Bajaj Auto among 25 stocks eligible for same-day settlement, say BSE, NSE

27 Mar 2024 27 Mar 2024

By Bharath Rajeswaran BENGALURU (Reuters) -India’s Bajaj Auto, Bharat Petroleum and State Bank of India are among 25 stocks eligible for optional same-day settlement starting from March 28, the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) said on Wednesday. Indian markets operate on a T+1 settlement cycle for all stocks currently, which …

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Indian aviation watchdog defers new rules on pilots’ rest, duty times

27 Mar 2024 27 Mar 2024

BENGALURU (Reuters) -India’s aviation watchdog has deferred a June 1 deadline for airlines to adopt new rules on rest and duty times for pilots, a notice on its website showed, but without stating a reason or a new target date. Tuesday’s news followed a warning from a key airline lobby group, reported last month by …

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Indian cenbank likely to set cut-off yield for T-Bills in 6.93%-7.14% band: Reuters poll

27 Mar 2024 27 Mar 2024

MUMBAI (Reuters) – The Indian government aims to raise an aggregate of 340 billion rupees ($4.08 billion) through the sale of 91-day, 182-day and 364-day Treasury bills on Wednesday. The Reserve Bank of India will likely set cutoff yields for the same at 6.93%, 7.14% and 7.10% respectively, according to a Reuters poll of 13 …

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India’s regulatory scrutiny may raise lenders’ capital costs, slow loan growth, says S&P Global

26 Mar 2024 26 Mar 2024

MUMBAI (Reuters) – The Reserve Bank of India’s (RBI) heightened regulatory scrutiny of lenders will improve governance and curtail exuberant lending but may raise their cost of capital as well as slow loan growth, S&P Global Ratings said on Tuesday. The RBI tightened its norms on unsecured loans last November and warned lenders against “all …

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India’s SpiceJet to own 13 Bombardier Q400 planes after $91 million settlement

26 Mar 2024 26 Mar 2024

BENGALURU (Reuters) -Indian budget carrier SpiceJet said on Tuesday it had agreed with Export Development Canada (EDC) to settle liabilities worth around $91 million, allowing it to take ownership of 13 of 15 Bombardier Q400 aircraft financed by the Canadian trade finance agency. Shares of SpiceJet ended 3.9% higher on Tuesday after rising as much …

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