By Neha Arora NEW DELHI (Reuters) -India is set to impose a temporary tariff, known locally as safeguard duty, of 12% on steel imports, said a government source with direct knowledge of the matter, to try and curb a surge in cheap imports from China and elsewhere. The government would enact the tax as soon …
India to put 12% temporary tariff on steel to curb cheap China imports, source says Read More »
By Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee extended its winning streak on Monday as the dollar remained on the defensive, with investor confidence in U.S. assets dented by President Donald Trump’s criticism of the Federal Reserve chief. The rupee closed at 85.1275 against the U.S. dollar, up 0.3% on the day. The local …
Sliding dollar helps rupee extend winning streak; forward premiums fall Read More »
By Khushi Malhotra and Dharamraj Dhutia MUMBAI (Reuters) -India’s upcoming bond forwards are set to boost demand for state debt and lower borrowing costs for sub-national issuers, a move investors say could help deepen the country’s local bond market. The Reserve Bank of India announced guidelines for bond forwards in February, with rules set to …
India’s soon-to-be-introduced bond forwards seen boosting demand for state debt Read More »
NEW DELHI (Reuters) -India hopes to “positively conclude” the first part of a trade pact with the United States by this autumn, finance minister Nirmala Sitharaman said on Monday as she started on a trip packed with engagements between the two nations. “The long and short of engaging with the U.S. is not just for …
India hopes to conclude trade pact with US this year, finance minister says Read More »
By Nimesh Vora MUMBAI (Reuters) -The Indian rupee is likely to advance on Monday, tracking broad dollar weakness triggered by worries about the Federal Reserve’s independence under U.S. President Donald Trump. The 1-month non-deliverable forward indicated that the rupee will open at 85.15-85.20 to the U.S. dollar compared with 85.3675 in the previous session. The …
Rupee to rise on dollar slide sparked by Fed autonomy concerns Read More »
By Dharamraj Dhutia and Jaspreet Kalra MUMBAI (Reuters) -The Indian rupee is likely to trade with a positive bias this week, bolstered by a pickup in portfolio inflows and a weaker dollar while government bonds are expected to take direction from the central bank’s latest policy meeting minutes. The rupee closed at 85.3675 on Thursday, …
Indian rupee may nudge higher, bond yields eye central bank policy minutes Read More »
By Siddhi Nayak MUMBAI (Reuters) -HDFC Bank, India’s largest private lender, aims to bring its loan-to-deposit ratio (LDR) back down to its pre-merger levels of 85%-90% in 2026-27, its chief financial officer said on Saturday. HDFC’s LDR has been elevated but declining since its merger with parent Housing Development Finance Corporation, which completed on July …
India’s HDFC Bank sees loan-to-deposit ratio at 85%-90% by FY27, CFO says Read More »
MUMBAI (Reuters) -ICICI Bank, India’s second-largest private lender by assets, reported higher-than-expected quarterly profit on Saturday, helped by healthy loan growth and net interest income. The bank’s standalone net profit rose 18% to a record 126.30 billion rupees ($1.48 billion) in the January-March quarter, above the average analyst forecast of 118.16 billion rupees, according to …
India’s ICICI Bank beats estimates with 18% quarterly profit growth Read More »
(Reuters) -Elon Musk said on Saturday he was planning to visit India later in the year, a day after Indian Prime Minister Narendra Modi said he had discussed technology with the billionaire entrepreneur. “I am looking forward to visiting India later this year!”, Musk wrote in a post on his X social media platform. Modi …
Musk says he will visit India after talk with Modi Read More »
MUMBAI (Reuters) -India’s Yes Bank reported a better-than-expected 63% rise in net profit for the January-March quarter on Saturday, helped by falling loan-loss provisions. The Mumbai-based private lender’s standalone net profit rose to 7.38 billion rupees ($86.39 million) for the financial year fourth quarter from 4.52 billion rupees in the same period a year earlier. …
India’s Yes Bank posts 63% rise in Q4 profit on lower provisions Read More »
