By Bharath Rajeswaran and Vivek Kumar M (Reuters) -India’s benchmark indices rose on Thursday, led by information technology stocks after a U.S. trade court blocked most of U.S. President Donald Trump’s tariffs. The Nifty 50 rose 0.33% to 24,833.60, while the BSE Sensex rose 0.39% to 81,633.02. On Wednesday, a United States federal court ruled …
India’s equity benchmarks end higher on hopes of US tariff relief Read More »
By Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee weakened slightly on Thursday, as the greenback firmed following a court decision to block President Donald Trump’s “reciprocal tariffs” from going into effect, while traders also pointed to importer dollar bids weighing on the local unit. The rupee closed at 85.5075 against the U.S. dollar, down …
Rupee ends slightly lower on firmer dollar, importer hedging Read More »
By Dharamraj Dhutia MUMBAI (Reuters) -Adani Ports and Special Economic Zone, India’s largest private port operator, has placed its longest-tenor debt with state-run Life Insurance Corporation of India, two sources familiar with the matter said on Thursday. The company raised 50 billion rupees ($585.33 million) through the sale of bonds maturing in 15 years at …
Adani Ports’ bond sale draws LIC interest on India market return, sources say Read More »
MUMBAI (Reuters) -India is likely to produce a record 117.5 million metric tons of wheat in the year ending June 2025, the farm ministry said, above its March forecast of 115.4 million tons, as higher prices prompted farmers to expand the area planted with high-yielding seed varieties. India, the world’s biggest wheat producer after China, …
India wheat, rice production to rise to record high, government says Read More »
By Swati Bhat MUMBAI (Reuters) -The Indian central bank’s gains from foreign exchange transactions surged nearly 33% to 1.11 trillion rupees ($13 billion) in the fiscal year ending March, pushing up its income sharply, its annual report showed on Thursday. The Reserve Bank of India’s net income rose to 2.69 trillion rupees, up 27.5% on …
Indian central bank’s FY25 income gets $13 billion FX boost Read More »
By Pranoy Krishna BENGALURU (Reuters) – The Reserve Bank of India will cut interest rates on June 6 for a third consecutive meeting and once more in August to support a weakened economy, according to a Reuters poll of economists whose forecasts were largely unchanged from the last survey. With economic growth cooling sharply to …
RBI to cut rates by 25 bps on June 6, then once more in August: Reuters poll Read More »
(Reuters) -BP’s Castrol lubricants business is attracting interest from companies such as India’s Reliance Industries, Bloomberg News reported on Wednesday, citing people familiar with the matter. The business has also attracted interest from buyout firms Apollo Global Management and Lone Star Funds, the report said, adding that a deal could fetch between $8 billion and …
BP’s Castrol unit draws interest from Apollo, India’s Reliance, Bloomberg News reports Read More »
By Ashitha Shivaprasad (Reuters) – Gold prices steadied on Wednesday as investors assessed the U.S. Federal Reserve’s May meeting minutes, which flagged rising inflation and recession risks, reinforcing gold’s appeal as a safe-haven asset at a time when the global economic environment remains volatile. Spot gold held steady at $3,299.95 an ounce as of 02:20 …
Gold holds steady as Fed minutes flag inflation, recession risks Read More »
By Jayshree P Upadhyay (Reuters) -India markets regulator on Wednesday restrained former IndusInd Bank CEO, deputy CEO and three others from trading in securities until further orders over alleged insider trading. These officials sold shares of the bank when they knew of accounting discrepancies, which was an unpublished price sensitive information, the Securities and Exchange …
India markets regulator bars ex-IndusInd Bank top executives from securities trading Read More »
(Reuters) -Cummins India reported a lower fourth-quarter profit on Wednesday, as ballooning costs offset the benefit of price hikes it took for some of its generator sets. The company, a unit of U.S. truck engine maker Cummins Inc, said its consolidated profit after tax came in at 5.30 billion rupees ($62.1 million), 1.7% lower than …
Cummins India quarterly profit falls as rising costs offset price hikes Read More »
