Reuters India Business Archives - Page 340 of 1191

India rupee eyes trade tensions for cues, RBI policy in focus for bonds

7 Apr 2025 7 Apr 2025

By Dharamraj Dhutia and Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee will track the dollar and Chinese yuan’s reaction to escalating global trade tensions this week, while the domestic central bank’s monetary policy decision will influence the direction of the currency and government bonds. The rupee closed at 85.2350 against the U.S. dollar on …

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India unlikely to retaliate against Trump’s tariffs as deal talks progress, sources say

6 Apr 2025 6 Apr 2025

By Shivangi Acharya and Aftab Ahmed NEW DELHI (Reuters) – India does not plan to retaliate against U.S. President Donald Trump’s 26% tariff on imports from the Asian nation, an Indian government official said, citing ongoing talks for a deal between the countries. Prime Minister Narendra Modi’s administration has looked into a clause of Trump’s …

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Wikimedia must remove India content deemed defamatory, court rules

4 Apr 2025 4 Apr 2025

By Arpan Chaturvedi NEW DELHI (Reuters) – The operator of Wikipedia has been ordered to remove statements deemed defamatory by an Indian court from the page of a domestic news agency it hosts, the latest such directive to the popular online encyclopedia. The Wikimedia Foundation is the second major tech platform, following X, formerly Twitter, …

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Gold retreats as stock market selloff prompts investors to cover losses

4 Apr 2025 4 Apr 2025

By Anmol Choubey (Reuters) – Gold fell more than 3% on Friday, erasing gains from earlier in the week, as investors sold off bullion to cover their losses from a wider market meltdown as an intensifying trade war sparked concerns of a global recession. Spot gold was down 2.9% at $3,024.2 an ounce as of …

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India’s IndusInd Bank posts flat quarterly deposit growth amid accounting lapse

4 Apr 2025 4 Apr 2025

(Reuters) – IndusInd Bank’s fourth-quarter loan growth dropped 5.2% and its deposit expansion remained flat from three months ago, the Indian private lender said on Friday, weeks after disclosing an accounting lapse in its derivatives portfolio. The discrepancy at the country’s fifth-largest private sector bank resulted in a $175 million hole in its balance sheet, …

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Silver hits over eight-week low as market frets about industrial demand

4 Apr 2025 4 Apr 2025

By Anushree Mukherjee (Reuters) – Prices of silver dropped to over eight-week lows on Friday as concerns about demand for the industrial precious metal dominated sentiment due to recession fears stemming from U.S. President Donald Trump’s slew of tariffs. Silver typically tends to move alongside gold, but industrial uses such as electronics and photovoltaics account …

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Indian stocks end week lower as IT, commodity shares tank on recession fears

4 Apr 2025 4 Apr 2025

By Vivek Kumar M and Bharath Rajeswaran (Reuters) -Indian shares ended the week lower on Friday, following U.S. President Donald Trump’s sweeping retaliatory tariffs that intensified a global trade war and stoked recessionary fears. Information technology and commodity stocks led declines due to their high exposure to the U.S. economy and global growth. The Nifty …

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How Indian bank IndusInd’s push for profits and lax controls drove it to a crisis

4 Apr 2025 4 Apr 2025

By Siddhi Nayak and Swati Bhat MUMBAI (Reuters) – IndusInd Bank ignored established Indian derivative accounting practices for years as it chased profit growth, resulting in a $175 million balance-sheet hole and the biggest crisis for the lender in its three-decade history, multiple sources said. Still, the 2.35% shortfall in the net worth of India’s …

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Indian delegation to visit Chile seeking stake in SQM’s lithium projects, source says

4 Apr 2025 4 Apr 2025

By Neha Arora NEW DELHI (Reuters) – Indian officials will visit Chile next week to discuss plans for four state companies to take a stake in two lithium projects of the world’s No. 2 producer of the metal, SQM, a source said. The world’s fastest-growing major economy has ramped up efforts to secure a steady …

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India’s NaBFID plans first ever short-term bond issue, bankers say

4 Apr 2025 4 Apr 2025

By Dharamraj Dhutia MUMBAI (Reuters) – India’s National Bank for Financing Infrastructure and Development (NaBFID) plans to raise 80 billion rupees ($938.2 million) through a bond sale on Monday, which includes a five-year paper for the first time since it started issuing debt, three merchant bankers said. The infrastructure lender aims to raise at least …

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