Reuters India Business

NEW DELHI, Dec 17 (Reuters) – Bringing down India’s debt to GDP ratio will be the core priority for the government from the next fiscal year, which begins on April 1, Indian Finance Minister Nirmala Sitharaman said on Wednesday.  The  high debt to GDP ratio in some Indian states is a cause of “worry”, she said.  …

Bringing down India’s debt to GDP ratio priority from next fiscal, says finance minister Read More »

By Nimesh Vora and Jaspreet Kalra MUMBAI, Dec 17 (Reuters) – India’s central bank intervened aggressively in currency markets on Wednesday, selling dollars to prop up the rupee, bankers said, echoing its earlier heavy-handed efforts to stem a one-way decline in the currency. The rupee rallied to an intraday high of 89.75 against the U.S. …

India’s RBI returns with decisive hand to halt rupee’s one-way slide Read More »

MUMBAI, Dec 17 (Reuters) – The Indian central bank intervened aggressively on Wednesday to boost a struggling rupee after the currency hit record lows for four consecutive trading sessions, dragged down by portfolio outflows and an ongoing U.S.-India trade stalemate. The rupee rallied 0.7% to 90.25 in early trading after opening a tad lower on …

Indian central bank steps in aggressively to boost struggling rupee, traders say Read More »

Dec 17 (Reuters) – India’s central bank governor Sanjay Malhotra expects the country’s interest rates to remain low for a “long period”, he told the Financial Times in an interview published on Wednesday. The Reserve Bank of India’s (RBI) projections suggested rates “should remain low for a long period of time”, Malhotra told the newspaper. …

RBI governor signals rates to stay low for ‘long period’, FT reports Read More »

Dec 17 (Reuters) – Apple is in early discussions with Indian chipmakers to assemble and package components for the iPhone, the Economic Times reported on Wednesday, citing people familiar with the matter. It is the first time Apple has considered assembling and packaging some chips in India, the ET report said, adding that it is …

Apple in talks with Indian chipmakers to assemble, package iPhone components, ET reports Read More »

Dec 16 (Reuters) – India’s ReNew Energy Global said on Tuesday it has signed a long-term deal with Alphabet’s Google to develop a 150-megawatt solar project in the western Indian state of Rajasthan. WHY IT’S IMPORTANT The deal is in line with Google’s goal to operate entirely on carbon-free energy by 2030, and comes as …

ReNew inks pact with Google to build 150 MW solar project in India Read More »