Reuters India Business

Nomura projects India’s Nifty rising to 29,300 by 2026 as growth recovers

2 Dec 2025

By Bharath Rajeswaran Dec 2 (Reuters) – Nomura expects India’s benchmark Nifty 50 to climb to 29,300 by end-2026, about 12% above current levels, as cyclical economic momentum and earnings growth regain traction under supportive policies, its analyst Saion Mukherjee said.  Mukherjee said in a note on Tuesday that the brokerage dropped its valuation concerns …

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Rupee hits record low on feeble foreign flows, drawing RBI to defend 90 level

2 Dec 2025

By Nimesh Vora MUMBAI, Dec 2 (Reuters) – The Indian rupee dropped to an all-time low on Tuesday, with sustained flow pressures and the lack of a US–India trade deal overshadowing robust domestic fundamentals, prompting the central bank to step in the prevent the currency from breaking past the 90 level. The rupee was down …

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India’s Wakefit Innovations sets IPO price band, eyes valuation of $669 million

2 Dec 2025

Dec 2 (Reuters) – Indian furniture and mattress maker Wakefit Innovations set a price band of 185-195 rupees per share for its initial public offering, eyeing a valuation of up to 59.96 billion rupees ($668.9 million), according to Reuters calculations on Tuesday. The company will launch its offering for retail investors on December 8, according …

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India’s November power output falls on weak cooling demand, slower industrial activity

2 Dec 2025

By Sethuraman N R NEW DELHI, Dec 2 (Reuters) – India’s power output fell for a second month in November as temperate weather and a slowdown in industrial activity kept electricity demand tepid, government data showed. Total electricity generation in November fell about 1% year-on-year to 134.26 billion kilowatt-hours (kWh), Reuters calculations based on daily …

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India orders smartphone makers to preload state-owned cyber safety app

2 Dec 2025

By Aditya Kalra and Munsif Vengattil BENGALURU, Dec 1 (Reuters) – India’s telecoms ministry has privately asked smartphone makers to preload all new devices with a state-owned cyber security app that cannot be deleted, a government order showed, a move likely to antagonise Apple and privacy advocates. In tackling a recent surge of cyber crime …

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Gold touches six-week high as rate cut bets weigh on dollar; silver hits record high

1 Dec 2025

By Anmol Choubey Dec 1 (Reuters) – Gold prices rose to a six-week high on Monday, supported by growing expectations of U.S. interest rate cuts and a sliding dollar, while silver struck a record high ahead of key U.S. economic data. Spot gold was up 0.3% at $4,241.27 per ounce, as of 1:44 p.m. ET …

Gold touches six-week high as rate cut bets weigh on dollar; silver hits record high Read More »

India’s current account deficit moderates in Sept quarter as trade gap narrows

1 Dec 2025

By Swati Bhat MUMBAI, Dec 1 (Reuters) – India’s current account deficit moderated in the July-to-September quarter on the back of a lower merchandise trade deficit, the Reserve Bank of India said on Monday. The current account deficit stood at $12.3 billion, or 1.3% of GDP, in the second quarter of the fiscal year 2025-26, …

India’s current account deficit moderates in Sept quarter as trade gap narrows Read More »

India’s consumer tax cuts pull down GST revenues in November

1 Dec 2025

NEW DELHI, Dec 1 (Reuters) – India collected 1.70 trillion rupees ($18.98 billion) in gross goods and services taxes in November, about 0.7% higher than a year earlier. Including cess imposed on various goods and services, which was previously reported as part of the gross collections, government revenue fell 4.2%, the data showed. Tax collection …

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India’s current account deficit moderates to $12.3 billion in Sept quarter, RBI data shows

1 Dec 2025

MUMBAI, Dec 1 (Reuters) – India’s current account deficit moderated in the July-September quarter on the back of a lower merchandise trade deficit, the Reserve Bank of India said on Monday. The current account deficit stood at $12.3 billion, or 1.3% of GDP, in the second quarter of the fiscal year 2025-26, compared with an …

India’s current account deficit moderates to $12.3 billion in Sept quarter, RBI data shows Read More »

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