Reuters India Business

By Nikunj Ohri and Manoj Kumar NEW DELHI (Reuters) -India’s economy grew at its fastest pace in 18 months in the July-September period, lifted by robust consumer spending and front-loading of production ahead of local festivals and punitive U.S. tariffs. Strong growth in the world’s fifth largest economy could boost Prime Minister Narendra Modi’s standing domestically …

India posts fastest growth in six quarters, cushions against trade strains Read More »

(Corrects to say target is to take total debt on book to 1 trillion rupees by 2030, and not raise 1 trillion rupees by 2030) (Reuters) -India’s Adani Group targets to take total debt on book to 1 trillion rupees ($11.18 billion) by 2030, Chief Financial Officer Jugeshinder Singh told reporters on Friday. ($1 = …

India’s Adani Group aims to take total debt on book to $11 billion by 2030, CFO Singh says Read More »

(Reuters) -India’s economy grew 8.2% year-on-year in July-September, accelerating from the 7.8% growth reported in the previous quarter, as strong consumer spending and manufacturing remained key drivers amid global trade uncertainties. Economists polled by Reuters had forecast a 7.3% expansion for the quarter ended September, a period when the U.S. imposed an additional 25% punitive …

India’s July-Sept economic growth accelerates to 8.2% y/y, beats forecasts Read More »

By Manoj Kumar (Reuters) -India expects to secure a trade deal with the United States before the end of this year as most issues have been resolved, New Delhi’s trade secretary said on Friday. The U.S. imposed tariffs of up to 50% on imports from India starting in late August even as negotiations between the two …

India expects trade deal with US by end of year, senior official says Read More »

By Bharath Rajeswaran (Reuters) -India’s stock benchmarks notched their third straight monthly gain on Friday driven by improving earnings, expectations of domestic and U.S. rate cuts and eased valuations, and ended near record highs ahead of the economic growth data. The Nifty 50 ended 0.05% lower at 26,202.95 and Sensex lost 0.02% to 85,706.67. Both …

India equity benchmarks log third monthly gain, GDP data on tap Read More »

By Jaspreet Kalra MUMBAI (Reuters) -The Indian rupee logged a monthly fall and closed just shy of its record low on Friday, largely supported by intervention by the central bank which countered pressure from outflows and a pickup in appetite to wager against the currency. The rupee closed at 89.4575 against the U.S. dollar, down …

Rupee stalls near record low as central bank intervention blunts pressure Read More »

By Aditya Kalra NEW DELHI (Reuters) -Diageo and Pernod Ricard’s Indian lobbying group has sued Maharashtra state over a sharp tax hike on their affordable brands and for excluding the companies from a new lower tax category reserved for some local firms. Maharashtra accounts for 7% of India’s premium liquor consumption and is home to …

Foreign firms challenge liquor policy of India’s Maharashtra in court Read More »