By Meenakshi Maidas and Urvi Dugar BENGALURU (Reuters) – India’s Mahindra launched a seven-seater electric SUV on Thursday with a starting price of around 2 million rupees ($22,409), as it eyes a bigger share in a segment dominated by Tata Motors Passenger Vehicles. The launch comes as India’s EV transition picks up pace after a …
India’s Mahindra accelerates EV push with new electric SUV launch Read More »
By Bharath Rajeswaran (Reuters) -India’s equity benchmarks ended little changed on Thursday, as investors took profits after the indexes scaled record highs amid a favourable macroeconomic backdrop and boosted by hopes of a local rate cut next week. The Nifty 50 rose 0.04% to 26,215.55 and the BSE Sensex settled 0.13% higher at 85,720.38, both …
Indian equities scale record peaks, but end flat as profit-taking sets in Read More »
By Bharath Rajeswaran (Reuters) -India’s stock benchmarks surged to record highs on Thursday, powered by cooling valuations, expectations of an earnings recovery, and a resilient economy supported by favourable fiscal and monetary policies. The Nifty 50 rose as much as 0.40% to 26,310.45, while the BSE Sensex gained 0.52% to 86,055.86, both surpassing previous all-time …
By Jaspreet Kalra MUMBAI (Reuters) -The Indian rupee ended little changed on Thursday, as pressure spurred by outflows related to corporate debt repayments and routine importer hedging demand was capped by intermittent dollar sales by state-run banks. The rupee closed at 89.3050 against the U.S. dollar, down marginally from its close at 89.27 in the …
Rupee ends flat, state run banks’ dollar sales counter outflow pressure Read More »
(Corrects paragraph 8 to clarify only Resonia was formed out of Sterlite Power’s demerger and not Serentica) By Sethuraman N R NEW DELHI (Reuters) -Indian company Serentica Renewables plans to raise between $6 billion and $8 billion over the next five years, to help fund acquisitions and build projects as it looks to more than …
KKR-backed Serentica may raise up to $8 billion for India green energy expansion Read More »
NEW DELHI (Reuters) -India will withstand trade-related uncertainties and maintain growth through the rest of 2025/26 (April-March), with the help of strong demand, steady public spending and easing inflation, the government said in its monthly economic report. Macroeconomic developments in October indicate a stable and resilient domestic economy, supported by easing price pressures, and firm …
India growth to be sustained in 2025/26 by rural, urban demand, report says Read More »
By Jayshree P Upadhyay and Gopika Gopakumar MUMBAI (Reuters) -Indian regulators are in discussions to reassess stringent regulations governing exchange-traded currency derivatives, following appeals from exchanges and traders, three sources with direct knowledge of the matter said, in a potential effort to revive a market increasingly shifting offshore. The Reserve Bank of India in 2024 …
Indian regulators in talks to review curbs on currency derivatives, sources say Read More »
By Dharamraj Dhutia and Khushi Malhotra MUMBAI (Reuters) -India’s Vodafone Idea Telecom Infrastructure, a wholly-owned subsidiary of telecom operator Vodafone Idea, has slashed the size of its planned bond sale, two sources aware of the matter said on Thursday, citing expectations of securing cheaper funding from lenders. The unit of India’s third-largest wireless carrier will …
By Pranoy Krishna BENGALURU (Reuters) -The Reserve Bank of India will cut its key interest rate by 25 basis points to 5.25% on December 5, according to a majority of economists polled by Reuters who expect the rate to stay there through 2026. A sharp fall in food prices and tax cuts on consumer goods …
India’s central bank expected to cut rates to 5.25% on December 5: Reuters poll Read More »
By Aditya Kalra and Arpan Chaturvedi NEW DELHI (Reuters) -Apple is challenging India’s new antitrust penalty law under which the U.S. company could potentially face a fine of up to $38 billion, a court filing at the Delhi High Court, seen by Reuters, shows. The challenge is the first against India’s antitrust penalty law that …
Apple contests India’s antitrust penalty law with risk of $38 billion fine, filing shows Read More »
