By Bharath Rajeswaran (Reuters) -India’s equity benchmarks slipped on Thursday, dragged by information technology stocks on expectations of “soft” earnings for Tata Consultancy Services later in the day, and as uncertainty over a potential U.S. trade deal weighed. The Nifty 50 closed 0.47% lower to 25,355.25 points and the BSE Sensex lost 0.41% to 83,190.28. …
India’s benchmarks slip on IT drag ahead of TCS earnings Read More »
By Jaspreet Kalra MUMBAI(Reuters) – The Indian rupee ended little changed on Thursday, as traders steered clear of aggressive directional bets on the currency, while routine dollar demand from importers blunted positive cues from an uptick in Asian peers. The South Asian currency has largely settled between 85 and 86 over the last two weeks, …
Rupee ends nearly flat, importer dollar bids hinder attempts to rise Read More »
By Uditha Jayasinghe COLOMBO (Reuters) -Sri Lanka’s garments sector is pinning its hopes on further discussions with the U.S. government after Donald Trump’s administration’s 30% tariff on the nation has placed it at a disadvantage to some of its biggest rivals. The United States has accounted for about 40% of Sri Lanka’s apparel exports. Last …
Sri Lanka’s apparel industry counts on cutting US tariff to compete with rivals Read More »
(Reuters) -State Bank of India, the country’s largest lender by assets, is preparing to sell as much as 250 billion rupees ($2.9 billion) of shares to institutional investors as early as next week, Bloomberg News reported on Thursday, citing sources familiar with the matter. The plans haven’t been finalised and are subject to change, the …
By Manoj Kumar NEW DELHI (Reuters) -A delegation from India is expected to visit the United States soon for trade talks, a government official told reporters, as the two countries look to iron out disagreements over duties for auto components, steel, and farm goods. India is among the few countries that are still negotiating a trade …
India trade team to visit US soon for more talks, trade ministry official says Read More »
(Reuters) -India’s markets regulator on Wednesday proposed allowing credit ratings agencies to rate financial instruments regulated by other financial sector regulators. Any agency that expands ratings to such instruments will need to set up a new unit within six months, the Securities and Exchange Board of India (SEBI) said in a consultation paper. SEBI, under …
By Anushree Mukherjee and Sarah Qureshi (Reuters) – Gold prices edged up on Wednesday as investors closely watched negotiations between the United States and its trading partners, while a firmer dollar capped further gains. Spot gold rose 0.3% at $3,310.26 per ounce, as of 2:07 p.m. ET (1807 GMT) after hitting its lowest level since …
(Reuters) -Indian state-owned banks will raise around 450 billion rupees ($5.25 billion) through qualified institutional placement (QIP) of shares in the 2025-26 financial year, a government source told reporters on Wednesday. State Bank of India, the country’s biggest lender by assets, will launch its QIP soon, the source said. The bank had in May approved raising …
Indian state-owned banks to raise $5.25 billion in 2025-26 via QIP, source says Read More »
By Neha Arora NEW DELHI (Reuters) -India’s iron ore pellet makers have urged the government to curb a surge in imports routed through Oman, which they say originate from Iran despite U.S. sanctions, warning that the cheaper supplies could hurt the local industry, sources and an analyst said. India, the world’s third-largest iron ore producer, …
India’s iron ore pellet makers seek curbs on Iranian imports via Oman Read More »
By Munsif Vengattil, Aditi Shah and Nivedita Bhattacharjee BENGALURU (Reuters) -India’s space regulator on Wednesday granted Starlink a licence to launch commercial operations in the country, clearing the only remaining regulatory hurdle for the satellite provider to enter the market. The Elon Musk-led firm has been waiting since 2022 for licences to operate commercially in …
Musk’s Starlink receives India’s final regulatory nod for launch Read More »
