By Aditya Kalra NEW DELHI (Reuters) – In India, the world’s largest consumer of sugar, the federal government and producers have locked horns in court over a contentious issue: jute bags. Prime Minister Narendra Modi’s government has been tightening enforcement of a 1987 law, which obliges sugar mills to pack 20% of their supplies in …
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(Reuters) – India’s retail inflation eased to 3.34% in March, the slowest pace in over five years, as food prices continued to soften, government data released on Tuesday showed. March retail inflation was below economists’ estimate of 3.60%. Inflation for February was 3.61%. The March inflation was the lowest since August 2019, the government said …
Instant view: India’s retail inflation slows to over 5-year low in March Read More »
By Sarita Chaganti Singh and Aftab Ahmed NEW DELHI (Reuters) -India’s retail inflation slipped to a more-than-five-year low as food prices continued to moderate, creating room for deeper central bank rate cuts amid fears the U.S.-China trade war may hit global growth. Annual retail inflation in March eased to 3.34%, below economists’ estimate of 3.60%. …
India’s retail inflation slips to over 5-year low, opens door to more rate cuts Read More »
By Shivangi Acharya and Manoj Kumar NEW DELHI (Reuters) -India’s merchandise trade deficit in March at $21.54 billion was wider than expected due to a sharp rise in oil and gold imports, according to data released by the government on Tuesday. Economists had expected a trade deficit of $16 billion, according to a Reuters poll. …
India’s March trade deficit wider than expected on high oil, gold imports Read More »
By Bharath Rajeswaran and Vivek Kumar M (Reuters) -Indian shares joined a global relief rally on Tuesday after U.S. President Donald Trump signaled more tariff exemptions, helping the benchmark Sensex recover losses from earlier this month. The Nifty and Sensex surpassed their April 2 closing of 23,332.35 points and 76,617.44 points, respectively, during the day. …
India’s Sensex erases post-tariff losses as Trump signals exemptions Read More »
(Corrects time stamp in second paragraph) (Reuters) – Shares of India’s HDFC Bank rose as much as 4% on Tuesday to 1,876.80 rupees and were set for their best day in 10 months, after its deposit rate cuts were seen as a margin boost amid slowing loan growth in the industry. India’s largest private lender …
India’s HDFC Bank hits four-month high as deposit rate cut seen lifting margins Read More »
NEW DELHI (Reuters) -India’s wholesale inflation eased to a four-month low in March as food prices rose at a slower pace, according to government data released on Tuesday. Wholesale inflation, a proxy for producer prices, fell to 2.05% year-on-year from 2.38% in February, and was lower than the 2.5% projected by economists in a Reuters …
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(Reuters) – Indian carmakers’ sales to dealers grew 2% in financial year 2025, as steady demand for larger sport utility vehicles made up for weaker sales of small cars and sedans, industry data showed on Tuesday. Carmakers sold a record 4.3 million units in the world’s third-largest car market, according to the Society of Indian …
Indian carmakers’ sales to dealers grew 2% in fiscal year 2025, industry body says Read More »
By Siddhi Nayak and Khushi Malhotra MUMBAI (Reuters) – The Indian central bank’s plan to allow lenders to bundle bad loans into tradable securities will draw foreign portfolio investors (FPIs) and private credit funds, helping deepen the country’s junk debt market, analysts and investors said. The Reserve Bank of India (RBI) said last week it …
India moves to deepen junk debt market by allowing bad loan securitisation Read More »
By Dharamraj Dhutia MUMBAI (Reuters) – Indian government bond prices jumped to over three-year highs on Tuesday, led by short-end gains after the Reserve Bank of India announced yet another liquidity injection. Market participants expect continued durable liquidity injections this year, following the central bank’s latest move and guidance on banking system liquidity. CONTEXT The …
Indian central bank’s liquidity infusion plan pushes bonds to over 3-yr highs Read More »
