Reuters India Business

India appoints former World Bank, IMF economist Poonam Gupta as central bank deputy

2 Apr 2025

By Swati Bhat MUMBAI (Reuters) -India appointed former World Bank and International Monetary Fund economist Poonam Gupta as the new central bank deputy governor for a three-year term, the government said on Wednesday. Gupta currently serves as the Director General of the National Council of Applied Economic Research, India’s largest economic policy research institute, and …

India appoints former World Bank, IMF economist Poonam Gupta as central bank deputy Read More »

India’s equity benchmarks edge higher; investors brace for US tariffs

2 Apr 2025

By Vivek Kumar M and Bharath Rajeswaran (Reuters) -India’s heavyweight banking and information technology stocks pushed equity benchmarks higher on Wednesday, hours before the United States announces new reciprocal tariffs that could intensify global trade tensions and hit economic growth. Details of U.S. President Donald Trump’s “Liberation Day” tariff plans were closely held ahead of …

India’s equity benchmarks edge higher; investors brace for US tariffs Read More »

Rupee closes modestly lower, all eyes on reciprocal US tariffs

2 Apr 2025

By Jaspreet Kalra MUMBAI (Reuters) –   The Indian rupee closed weaker on Wednesday, although dollar sales by foreign banks capped its losses as markets await the announcement of U.S. reciprocal levies that could stoke global trade tensions further and weigh on economic growth.  The rupee ended at 85.4975 against the U.S. dollar, down slightly …

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Indian conglomerate Vedanta seeks global partner for $20 billion expansion plan

2 Apr 2025

By Sethuraman N R (Reuters) – Indian metals-to-oil conglomerate Vedanta is looking for a global company to partner with on expansion projects worth $20 billion across zinc, aluminium, copper, iron, steel, oil, gas and power, as per a tender document. The billionaire Anil Agarwal-led conglomerate — set to split into four entities, Vedanta Aluminium, Oil …

Indian conglomerate Vedanta seeks global partner for $20 billion expansion plan Read More »

Indian rupee traders unfazed by looming US tariff risks, market data shows

2 Apr 2025

By Jaspreet Kalra and Nimesh Vora MUMBAI (Reuters) – The Indian rupee is not expected to see sharp swings following U.S. President Donald Trump’s expected reciprocal tariff announcement on countries including India, multiple market indicators showed. The dollar/rupee spot rate, hedging costs, and option volatility suggest that rupee traders are relatively sanguine about the risks …

Indian rupee traders unfazed by looming US tariff risks, market data shows Read More »

India March factory activity expands at its fastest pace in eight months, PMI shows

2 Apr 2025

BENGALURU – India’s manufacturing activity expanded at the fastest pace in eight months in March, rebounding from a more than one-year low due to strong domestic demand, while output inflation declined to its lowest in a year, a private survey showed on Wednesday. The HSBC India Manufacturing Purchasing Managers’ Index (PMI), compiled by S&P Global, …

India March factory activity expands at its fastest pace in eight months, PMI shows Read More »

Chile’s Codelco to supply copper concentrate to India’s Adani Group-owned smelter

2 Apr 2025

(Reuters) – Chile’s state-owned Codelco, the world’s largest copper producer, said on Wednesday it would supply copper concentrates to India’s Adani Group’s $1.2 billion smelter, the world’s biggest single-location plant of its type. The supply will begin this year, said Codelco, whose chairman, Maximo Pacheco, met Adani Group chairman Gautam Adani at the conglomerate’s headquarters …

Chile’s Codelco to supply copper concentrate to India’s Adani Group-owned smelter Read More »

India’s NTPC seeks global partners to build 15 GW nuclear reactors

2 Apr 2025

By Sethuraman N R (Reuters) – NTPC, India’s top power producer, is seeking global partners to build large nuclear reactors with about 15 gigawatts (GW) combined capacity, according to a tender, the first major one since the country moved to open up its much-guarded sector. The state-run company, which mainly runs coal-fired plants, is looking …

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Indian rupee to slide again after brief recovery, erasing nearly all gains

2 Apr 2025

By Vivek Mishra BENGALURU (Reuters) -The Indian rupee will erase nearly all of the gains it has made against the U.S. dollar in the last two months and tumble back toward an historic low over the next 12 months, according to a Reuters poll of 36 foreign exchange analysts. The partially-convertible rupee has gained around …

Indian rupee to slide again after brief recovery, erasing nearly all gains Read More »

Indian rupee to react to US tariffs, bond yields seen inching lower

2 Apr 2025

By Dharamraj Dhutia and Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee will react to the announcement of reciprocal tariffs from the United States this week, with investors looking to gauge how the levies may impact global trade and growth prospects, while government bond yields are expected to decline. The rupee closed at 85.47 against …

Indian rupee to react to US tariffs, bond yields seen inching lower Read More »

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