(Reuters) – ATM services provider AGS Transact said on Tuesday that its CFO and two of its executive directors have resigned, weeks after all four of its independent directors stepped down, citing “personal reasons.” The resignations come as the company has been grappling with financial strain, leading to credit downgrades from ratings agencies Crisil and …
India’s AGS Transact says CFO, two executive directors resign Read More »
(Reuters) – India has initiated an anti-dumping probe over imports of low-ash metallurgical coal, or met coke, from Australia, China, Colombia, Indonesia, Japan and Russia at the behest of an industry body, according to a government notification. The Indian Metallurgical Coke Manufacturers Association asked for the investigation into these imports, which have more than doubled …
India launches anti-dumping investigation on met coke imports Read More »
NEW DELHI (Reuters) – India’s gross goods and services tax (GST) collection in March rose 10% year-on-year to 1.96 trillion rupees ($22.91 billion), according to a statement released by India’s finance ministry on Tuesday. Net GST excluding refunds rose 7.3% year-on-year to 1.77 trillion rupees in March, compared to 1.63 trillion rupees collected a month …
India’s goods and services tax collection rises 10% on-year in March Read More »
By Bharath Rajeswaran and Vivek Kumar M (Reuters) -Indian shares logged their biggest one-day drop in a month on Tuesday as concerns regarding U.S. reciprocal tariffs dragged the heavyweight information technology and financial indexes. The NSE Nifty 50 fell 1.5% to 23,165.7, while the BSE Sensex lost 1.8% to 76,024.51, in their steepest drop since …
Indian benchmarks log worst day in a month on US tariff worries Read More »
By Shivangi Acharya and Manoj Kumar NEW DELHI (Reuters) – The United States has flagged concerns over India’s increasing and burdensome import-quality requirements, among its many barriers to trade, in a report released two days before planned U.S. reciprocal tariffs take effect. The Office of the U.S. Trade Representative on Monday provided an encyclopedic list …
By Neha Arora NEW DELHI (Reuters) – India’s finished steel imports during the first 11 months of the financial year, which began in April, stood at 8.98 million metric tons, marking a 15.8% year-on-year increase, according to provisional government data reviewed by Reuters on Tuesday. India, the world’s second-biggest crude steel producer, became a net …
India’s April-February finished steel imports up nearly 16% y/y, data shows Read More »
(Reuters) – UBS Group said on Monday it has completed the merger of Credit Suisse Service Company entities with UBS Business Solutions in India, as the Swiss lender continues integration efforts following its acquisition of Credit Suisse. The integration, which consolidated 24,000 employees under one structure, merges Credit Suisse Services (India), Credit Suisse Business Analytics …
UBS completes merger of Credit Suisse service units in India Read More »
(Reuters) – Shares of Vodafone Idea surged 10% in on Tuesday after the Indian government said it would convert a part of the telecom company’s outstanding spectrum auction dues into equity, helping lower the firm’s debt load. The government’s stake in Vodafone Idea will increase to 48.99%, from 22.6%, after it converts 369.5 billion rupees …
India’s Vodafone Idea soars on government’s plan to convert dues into stake Read More »
MUMBAI (Reuters) – The Indian central bank will collaborate with the government to improve the inflation targeting framework and to obtain the ‘Goldilocks conditions’ for inflation and growth through appropriate monetary and fiscal policies, said Governor Sanjay Malhotra in an opinion piece published on Monday. India adopted the flexible inflation targeting framework (FIT) in 2016, …
India central bank will work with government for ‘Goldilocks conditions’, says chief Read More »
By Polina Devitt LONDON (Reuters) – Gold stocks in Comex warehouses are on track to hit new records over the coming days due to the risk of import tariffs curtailing shipments to the United States from other countries, analysts and traders say. Latest data from Comex, part of CME Group, shows gold stored in its …
Gold stocks in Comex warehouses on track to hit new records over coming days Read More »
