Reuters India Business

India’s stellar growth, low inflation raise questions over rate cuts

By Swati Bhat MUMBAI, Dec 1 (Reuters) – India’s robust growth numbers for the September quarter are raising questions about the need for lower rates even as record-low inflation gives the central bank ample room to resume reductions later this week, analysts said. India’s economy expanded at a sharper-than-expected clip of 8.2% in the July-September …

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Indian rupee, bond traders to take cues from RBI monetary policy decision

By Dharamraj Dhutia and Jaspreet Kalra MUMBAI, Dec 1(Reuters) – The Indian rupee and government bonds are expected to remain under pressure ahead of a key Reserve Bank of India policy decision this week, with a majority of economists predicting an interest rate cut. The rupee closed at 89.4575 on Friday, down 0.2% on the …

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Hyundai, Tata want India to drop fuel emission concessions seen benefiting Suzuki

By Aditi Shah NEW DELHI, Nov 28 (Reuters) – India’s biggest carmakers including Tata Motors and Hyundai want the government to scrap a weight-based emission concession for small cars under planned new efficiency rules, a move they say would benefit just one company, letters seen by Reuters show.   Tata, Mahindra & Mahindra, JSW MG Motor …

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India to pitch new arms deal with Russia during Putin visit, Bloomberg News reports

Nov 30 (Reuters) – India plans to start discussions toward the purchase of Russian fighter jets and a missile defense shield during President Vladimir Putin’s visit this week, Bloomberg News reported on Sunday, citing people with knowledge of the matter. India and Russia have a Special and Privileged Strategic Partnership under which discussions for the …

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As testimony closes in Trafigura fraud case, Gupta denies knowledge of duplicate cargoes

By Eric Onstad LONDON (Reuters) -Indian businessman Prateek Gupta, accused by commodity group Trafigura of orchestrating a $600 million metals fraud, told a court on Friday he did not know who at his firms allegedly created fake documents to sell the same cargo to two customers. Testimony wrapped up on Friday in the long-running trial, …

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Gold heads for fourth straight monthly gain; silver hits fresh record high

By Pablo Sinha (Reuters) -Spot gold rose 1% to a two-week high on Friday, as expectations that the U.S. Federal Reserve will trim interest rates next month lifted demand for the non-yielding asset, while silver hit a fresh record high. Spot gold was up 1.3% to $4,210.94 per ounce by 03:11 p.m. EST (20:11 GMT), …

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India’s Adani seeks up to $5 billion investment in Google data center to join AI boom

(Reuters) -India’s Adani Group plans to invest up to $5 billion in Alphabet-owned Google’s India AI data centre project, an executive said on Friday, as it seeks to cash in on booming demand for data capacity in the world’s most populous nation. In October, Google said it would invest $15 billion over five years to …

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India-Canada trade deal could guarantee some Canadian pulse sales, envoy says 

By Ed White REGINA, Saskatchewan (Reuters) -India’s government is considering guaranteeing Canada ongoing pulse crop sales so its farmers keep growing the vital protein source, Indian High Commissioner to Canada Dinesh Patnaik said during a visit to Saskatchewan. The leaders of India and Canada have agreed to restart negotiations for a comprehensive trade deal as …

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India central bank’s FX forward book swells for 2nd month, underscoring greater rupee defence

By Nimesh Vora MUMBAI (Reuters) -The Reserve Bank of India increased its short dollar positions in the FX market by $4.2 billion in October, data showed on Friday, marking a second consecutive month of expansion and underlining heightened efforts to counter pressure on the rupee. The RBI’s short-dollar forward book, which had peaked at $88.7 …

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India’s Adani Group eyes $10 billion fundraise in FY27, official says

MUMBAI (Reuters) -India’s Adani Group plans to raise 900 billion rupees ($10.06 billion) in debt in the next financial year through a mix of bank loans, bonds and overseas borrowings, a senior company executive said on Friday. The airports-to-power conglomerate has already mobilised about 800 billion rupees so far in fiscal 2026 and is targeting …

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