Reuters India Business

Indian state-run firms seek government nod to issue deep-discount, long-tenor debt

22 Apr 2025

By Khushi Malhotra and Dharamraj Dhutia MUMBAI (Reuters) -At least six Indian state-run companies have sought government approval to issue deep-discount bonds, opting for a rarely used corporate bond structure to raise relatively cheaper funds, four sources aware of the matter said on Tuesday. These companies are Indian Railway Finance Corp (IRFC), Indian Renewable Energy …

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Indian benchmarks log highest closing levels in nearly four months, financials lead charge

22 Apr 2025

By Vivek Kumar M (Reuters) -India’s benchmark indexes on Tuesday logged their highest closing levels in nearly four months, fuelled by gains in heavyweight financials after the central bank relaxed deposit buffer rules for lenders. The Nifty 50 rose 0.17% to 24,167.25 and the BSE Sensex added 0.24% to 79,595.59, their highest closing levels since …

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Ericsson expands manufacturing in India to make antennas

22 Apr 2025

STOCKHOLM (Reuters) -Sweden’s Ericsson is planning to manufacture all its telecom antennas for the Indian market in the South Asian country, the company said on Tuesday. Demand from India’s telecom companies surged in 2023, as Bharti Airtel and Jio, the telecom unit of Reliance Industries, started to scale up 5G services, and cushioned a slowdown …

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Russian oil drives OPEC share in India’s imports to record low, data shows

22 Apr 2025

By Nidhi Verma NEW DELHI (Reuters) – The share of OPEC oil in India’s imports fell to a record low in fiscal year 2024-25 as refiners continued to gorge on cheaper oil from Russia, the top oil supplier to New Delhi for the third straight year, data obtained from trade and industry sources showed. India, …

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India extends cenbank deputy Sankar’s term by one year

22 Apr 2025

MUMBAI (Reuters) -India has extended the term of Reserve Bank of India deputy governor T. Rabi Sankar by one year, according to a government notification. The government notification, dated April 21, said Sankar would continue to serve for an additional year starting May 3 or until further orders, whichever is earlier. Sankar was first appointed …

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Indian central bank’s new liquidity norm to free up $35 billion, likely boosting credit growth

22 Apr 2025

By Dharamraj Dhutia MUMBAI (Reuters) -The Reserve Bank of India’s relatively relaxed final guidelines on banks’ liquidity coverage ratio (LCR) is expected to free up capital worth up to 3 trillion rupees ($35.24 billion) that could boost credit growth by as much as 2 percentage points, analysts said. On Monday, the RBI lowered the proportion …

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India under tariff pressure to give Amazon and Walmart full market access, FT reports

22 Apr 2025

(Reuters) -U.S. President Donald Trump’s administration intends to press India to give online retailers such as Amazon and Walmart full access to its $125 billion e-commerce market, the Financial Times reported on Tuesday, citing industry executives, lobbyists and U.S. government officials. The U.S. plans to push Prime Minister Narendra Modi’s government for a level playing …

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Rupee’s winning streak threatened by yuan losses, technical hurdle

22 Apr 2025

By Nimesh Vora MUMBAI (Reuters) -The Indian rupee’s winning run is likely to halt on Tuesday, pressured by a drop in Asian currencies stoked by the Chinese yuan and the local currency’s failure to breach a key resistance level. The 1-month non-deliverable forward indicated that the rupee will open at 85.22-85.24 to the U.S. dollar, …

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