Reuters India Business

By Nidhi Verma NEW DELHI (Reuters) -Indian port authorities denied entry to an ageing tanker loaded with Russian crude on Thursday due to inadequate documentation, sources familiar with the matter said, an unusual move that indicates tightened scrutiny of vessels carrying Russian oil. India is the biggest buyer of seaborne Russian crude. Russian oil accounted …

India denies entry to ship carrying Russian oil over documentation, sources say Read More »

By Shubham Batra and Dharamraj Dhutia MUMBAI (Reuters) -The Indian government is planning to raise 8 trillion rupees ($93.34 billion) through bond sales between April and September that would amount to 54% of its estimated gross borrowing for the upcoming year, the finance ministry said on Thursday. The market had expected the borrowing to be …

India expects gross borrowing of 8 trillion rupees in April-September Read More »

By Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee slipped on Thursday, pressured by routine dollar demand from importers, even as its Asian peers benefited from a broadly weaker dollar. The rupee closed at 85.78 against the U.S. dollar, down 0.1% on the day. The local unit traded sideways after a decline in early trade …

Rupee dips on importer dollar bids, unaided by uptick in Asian peers Read More »

By Bharath Rajeswaran (Reuters) -Indian equity benchmarks advanced on Thursday, driven by gains in heavyweight financials, although a decline in Tata Motors following the announcement of U.S. tariffs on auto imports capped further gains. The NSE Nifty 50 rose 0.45% to 23,591.95, while the BSE Sensex traded 0.41% higher at 77,606.43. The benchmarks traded about …

Indian shares rise as financials gain; US tariff threat drags auto, pharma stocks Read More »

By Nidhi Verma NEW DELHI (Reuters) – Saudi Aramco is in talks to invest in two planned refineries in India as the world’s top oil exporter looks for a stable outlet for its crude in the world’s fastest-growing emerging market, several Indian sources with direct knowledge of the matter said. India, the world’s third-biggest oil …

Saudi Aramco looks to invest in Indian refineries, sources say Read More »

By Dharamraj Dhutia MUMBAI (Reuters) -The Reserve Bank of India is meeting lenders next week to discuss its liquidity management framework, and could announce changes at its April policy meeting, six sources familiar with the matter said on Thursday. The meeting comes amid a sharp depletion of banking system liquidity in India, largely due to …

RBI to meet banks on liquidity framework next week, changes on cards, sources say Read More »