Reuters India Business

MUMBAI (Reuters) -The Indian rupee, equities and bonds dropped on Thursday, pressured by risk aversion after India said it pushed back Pakistani retaliation overnight. The rupee dropped 1% to 85.71, the Nifty 50 benchmark share index declined 0.6%, while the yield on India’s benchmark 10-year bond rose 6 basis points. The markets came under pressure …

Indian rupee, shares, bonds drop on signs of escalation in India-Pakistan conflict Read More »

By Vivek Kumar M and Bharath Rajeswaran (Reuters) -Indian shares fell on Thursday in their most volatile session in a month after the country said it “neutralised” attempts by Pakistan to “engage” several military targets in its northern and western regions. The Nifty 50 settled 0.58% lower at 24,273.8 and the BSE Sensex fell 0.51% …

Indian shares fall as tensions with Pakistan escalate Read More »

By Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee weakened sharply to log its steepest fall in more than two years on Thursday as the ongoing India-Pakistan conflict hurt the currency alongside the country’s bonds and equities. The rupee rose at the start of the session but weakened sharply after India said it had “neutralised” …

India-Pakistan conflict pushes rupee to worst day in over two years Read More »

(Reuters) -Tesla’s country head for India has resigned after nine years at the company and ahead of the U.S. EV maker’s planned entry into the world’s third-largest car market, Bloomberg News reported on Thursday, citing people familiar with the matter. Tesla’s China teams will oversee the Elon Musk-led firm’s India operations, with no immediate successor …

Tesla’s India head resigns as company prepares for country launch, Bloomberg News reports Read More »

(Reuters) -The Indian government has agreed to a conditional nod for SpaceX’s Starlink to start offering satellite-based internet services in the country, television news channel CNBC-TV18 reported on Thursday. Starlink and the Indian Department of Telecommunications did not immediately respond to Reuters emails asking for comment. Starlink in March signed agreements with Indian telecom operators …

India agrees on conditional nod for Starlink operations in country, CNBC-TV18 reports Read More »

By Nimesh Vora and Jaspreet Kalra MUMBAI (Reuters) – The volumes on the Indian rupee options soared after India’s strikes in Pakistan, suggesting that the currency may go through a volatile patch on the back of the heightened tensions between the two nuclear-armed neighbours. The data, however, did not suggest a one-sided bias on the …

Indian rupee options volume surges post India-Pakistan flare-up Read More »