By Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee witnessed muted price action on Friday to end the week little changed as traders awaited developments in U.S.-India trade talks, with a positive outcome potentially helping the local currency break past a sticky resistance level. The rupee closed at 85.3925, down about 0.1% each on the …
Rupee ends week little changed, looming tariff deadline in focus Read More »
By Rishika Sadam and Neha Arora HYDERABAD (Reuters) -India on Friday unveiled a series of steps to increase copper output, including encouraging foreign firms to set up smelters and refineries in the country in exchange for state-owned firms investing in their overseas mining operations. The government policy document, parts of which were first reported by …
India to woo foreign copper miners, expand ties, gov’t document shows Read More »
By Jayshree P Upadhyay, Ira Dugal and Scott Murdoch MUMBAI (Reuters) -Indian regulators barred U.S. securities trading company Jane Street from the local market until further orders and seized $567 million of its funds, saying an investigation found it manipulated stock indices through positions taken in derivatives. In its most stringent action ever against a …
India bars Jane Street from its securities market, citing manipulation of stock indexes Read More »
By Vivek Kumar M and Kashish Tandon (Reuters) -Shares of some Indian stockbrokers and market intermediaries fell on Friday after the country’s securities regulator barred U.S. trading firm Jane Street from the local market over alleged manipulation in derivatives trading. The Securities and Exchange Board of India (SEBI), in an interim order dated July 3, …
Shares of Indian brokers, BSE drop as regulator bars Jane Street Read More »
By Sarita Chaganti Singh and Shivam Patel NEW DELHI (Reuters) -India will launch a $234 million incentive programme for civil and military drone makers to reduce their reliance on imported components and counter rival Pakistan’s programme built on support from China and Turkey, three sources told Reuters. India’s push to build more home-grown drones stems …
India plans $230 million drone incentive after Pakistan conflict, sources say Read More »
By Dharamraj Dhutia MUMBAI (Reuters) -The Indian central bank’s measured approach to withdrawing banking system liquidity is likely to keep overnight interbank lending rates between the policy repo rate and the floor of the policy corridor, three analysts said on Friday, allowing some policy transmission. The Reserve Bank of India withdrew 1 trillion rupees ($11.7 …
(Reuters) -Shares of India’s Trent fell more than 7% in morning trade on Friday, after the Tata-owned retailer’s near-term growth forecast at its annual general meeting fell short of investor expectations. Shares of Trent were the top percentage losers in the benchmark Nifty 50 index, which was largely flat on the day. “During their commentary, …
Indian retailer Trent’s shares drop as near-term growth forecast disappoints Read More »
By Bharath Rajeswaran (Reuters) -Foreign portfolio investors (FPIs) continued buying Indian equities for the third straight month in June, with financials and oil and gas stocks emerging as their top picks, depository data showed on Friday. FPIs poured 89.46 billion rupees ($1.05 billion) into financials in June – 61.3% of the month’s total 145.90 billion-rupee …
Foreign investors buy Indian shares for 3rd straight month in June; financials top picks Read More »
(Reuters) -HDFC Bank’s June-quarter average deposits rose 5.1% sequentially, India’s top private lender said on Friday. The bank’s gross advances at the end of June were 0.4% higher from last quarter, it said. (Reporting by Hritam Mukherjee in Bengaluru; Editing by Sonia Cheema)
By Chuck Mikolajczak NEW YORK (Reuters) -Global stocks climbed to a record for a second straight session on Thursday and the dollar rallied after a stronger than expected U.S. payrolls report indicated the labor market may not be deteriorating rapidly. The Labor Department said nonfarm payrolls increased by 147,000 jobs last month after an upwardly …
Stocks hit record, US dollar strengthens after jobs data Read More »
