By Siddhi Nayak MUMBAI (Reuters) -India’s current account deficit widened less than expected in the October-December quarter, largely due to a buoyancy in services exports, central bank data released on Friday showed. The current account deficit stood at $11.5 billion in the third quarter of fiscal year 2024-25, compared with $10.4 billion in the same …
NEW DELHI (Reuters) -India’s infrastructure output grew 2.9% on-year in February, its slowest pace in five months as the decline in oil and natural gas production accelerated sharply, government data showed on Friday. Infrastructure output, which tracks activity across eight sectors and makes up 40% of the country’s industrial production, grew at a revised 5.1% …
India’s infrastructure output growth slows to five-month low in February Read More »
By Khushi Malhotra and Dharamraj Dhutia MUMBAI (Reuters) – Indian government bond yields declined in March, with the 10-year benchmark bond yield posting its steepest monthly fall in 10 months, as aggressive liquidity infusion and growing bets of an imminent rate cut boosted investor appetite. The yield on the 10-year note ended at 6.5823% on …
India 10-year bond yield posts biggest monthly drop in 10 on rate cuts bets Read More »
NEW DELHI (Reuters) -The Indian cabinet has approved a plan worth 229.19 billion rupees ($2.68 billion) to boost electronics components manufacturing, Information Minister Ashwini Vaishnaw said on Friday. The plan, expected to spur production of electrical components that will feed into sectors such as telecoms, automobiles and power, will aim to add nearly 92,000 direct …
Indian cabinet approves $2.7 billion plan to boost electronic components manufacturing Read More »
NEW DELHI (Reuters) – India’s fiscal deficit for April-February was 13.47 trillion rupees ($157.62 billion), or 85.8% of the estimate for the financial year ending March 31, government data showed on Friday. Net tax receipts for the first 11 months of the financial year were at 20.16 trillion rupees, or 78.8% of the annual target, …
India’s April-February fiscal deficit at 85.8% of full-year target Read More »
By Vivek Kumar M and Bharath Rajeswaran (Reuters) – A rally in India’s Nifty 50 stock index in March, its best jump in 15 months, helped the benchmark pull back from losses after a historic five-month losing streak and finish this financial year with gains. The index of 50 bluechip stocks rose 6.3% in March, …
India stocks close fiscal 2025 higher as March gains bail out benchmarks Read More »
By Bharath Rajeswaran and Vivek Kumar M (Reuters) -India’s benchmark indexes fell on the last trading session of the financial year as investors were cautious ahead of the U.S. reciprocal tariffs that are expected next week. The NSE Nifty 50 closed 0.31% lower at 23,519.35 on Friday, while the BSE Sensex fell 0.25% to 77,414.92. …
Indian stocks fall in last session of fiscal year, with US tariffs in focus Read More »
By Ira Dugal and Swati Bhat MUMBAI (Reuters) -India’s central bank may revert to giving banks a fixed amount of on-tap overnight liquidity, heeding the call of lenders after its temporary use helped rein in a large cash deficit which is seen as critical for improving monetary transmission, banking sources and analysts said. Senior bankers …
By Jaspreet Kalra and Nikunj Ohri MUMBAI/NEW DELHI (Reuters) – India is asking the Financial Action Task Force (FATF), a global money-laundering watchdog, to reduce compliance requirements for cross-border payments made through its homegrown system, several sources familiar with the discussions said. Launched in 2016, the Unified Payment Interface (UPI) accounted for 83% of India’s …
(Reuters) – India’s Ambuja Cements has re-designated CEO Ajay Kapur as the managing director and named Vinod Bahety as its new chief, the Adani Group company said on Friday, effective April 1. Kapur, who has spent three decades working in the cement, construction, power and heavy metals sectors, has been appointed for a two-year term …
