(Reuters) -Shares of HCLTech jumped 8% on Wednesday after India’s third-largest IT firm delivered a strong revenue growth forecast, standing out in a sector weighed down by cautious outlooks from bigger rivals. India’s $283 billion IT sector is staring at a potential slowdown as U.S. President Donald Trump’s tariff policy threatens to hurt growth in …
India’s HCLTech jumps on strong revenue growth outlook Read More »
By Nimesh Vora MUMBAI (Reuters) -The Indian rupee opened weaker on Wednesday and extended losses as traders unwound bullish positions after the currency failed to break a key level, while a rebound in the dollar index added pressure. The rupee was at 85.4450 to the U.S. dollar at 11:25 a.m. IST, having opened at 85.2625. …
Rupee falls further as short-term players unwind bullish bets Read More »
By Anant Chandak BENGALURU (Reuters) – India’s private sector growth rose to an eight-month high in April fueled by robust demand, particularly a surge in foreign orders for manufactured goods, according to a survey, but business confidence showed some signs of softening. While the latest data underscores a vibrant start to the fiscal year for …
India April business growth hits 8-month high as export orders surge, PMI shows Read More »
By Nimesh Vora MUMBAI (Reuters) -The rupee is likely to open weaker on Wednesday, pressured by the dollar index rallying after U.S. President Trump walked back his threat to oust the Federal Reserve Chair and on hopes that U.S.-China trade tensions may ease. The 1-month non-deliverable forward indicated that the rupee will open at 85.24-85.26 …
Rupee to dip as dollar rally stoked by Trump’s Fed comments, US-China optimism Read More »
By Andrea Shalal, David Lawder and Nupur Anand WASHINGTON (Reuters) -Worldwide economic output will slow in the months ahead as U.S. President Donald Trump’s steep tariffs on virtually all trading partners begin to bite, the International Monetary Fund said on Tuesday, as global finance chiefs swarmed Washington seeking deals with Trump’s team to lower the …
IMF slashes global outlook as White House says trade talks pick up pace Read More »
By Ishaan Arora and Brijesh Patel (Reuters) – Gold fell more than 1% on Tuesday after briefly touching a record high of $3,500 earlier in the session, as comments by U.S. Treasury Secretary Scott Bessent hinting at a thaw in U.S.-China trade tensions fueled optimism in equities and strengthened the dollar. Spot gold fell 1.5% …
Gold takes a breather after hitting $3,500 on higher stocks, stronger dollar Read More »
(Reuters) -India’s Ather Energy has reduced the size of its initial public offering, its prospectus showed on Tuesday, as the electric scooter maker seeks to list at a time when U.S. tariff concerns have roiled stock markets globally. The Tiger Global-backed company plans to raise 26.26 billion rupees ($308.3 million) by issuing new shares, compared …
Indian electric scooter-maker Ather Energy cuts IPO size Read More »
By Abhijith Ganapavaram NEW DELHI (Reuters) -Air India CEO Campbell Wilson will step down as chair of the airline’s low-cost subsidiary Air India Express and be replaced by chief commercial officer Nipun Aggarwal, a memo said on Tuesday, as a multi-billion dollar restructuring of the former state-owned airline continues. Wilson will also be replaced on …
Air India CEO Wilson steps down as chair of low-cost airline arm, Aggarwal to take over Read More »
By Rupam Jain JAIPUR, India (Reuters) -The United States wants to sell more energy and defence equipment to India to build closer ties, Vice President JD Vance said on Tuesday, praising Prime Minister Narendra Modi repeatedly as talks over a trade deal progress. Visiting the northwestern Indian city of Jaipur, Vance hailed what he called …
Vance warns of ‘very dark time’ without close US-India ties Read More »
(Reuters) -India’s Power Finance Corp (PFC) filed a complaint with the economic offences wing against Gensol Engineering over the alleged submission of falsified documents, it said on Tuesday. PFC is also currently internally investigating the issue under its anti-fraud policy, it said. India’s markets regulator has barred Gensol founders Anmol Singh Jaggi and Puneet Singh …
India’s PFC files complaint with economic offences wing against Gensol Engineering Read More »
