Reuters India Business

By Pranoy Krishna BENGALURU (Reuters) -India’s February consumer inflation likely eased below the Reserve Bank of India’s medium-term target of 4.0% for the first time in six months on moderating food price rises, a Reuters poll showed, bolstering expectations of interest rate cuts. As fresh winter produce hit markets over the past few months, food …

India inflation likely eased below 4% in February for the first time in six months Read More »

(Updates for market close) By Ashitha Shivaprasad (Reuters) – Gold prices dipped on Monday as profit-taking countered support from safe-haven demand fuelled by geopolitical uncertainty, while focus was also on the U.S. inflation print. Spot gold fell 0.8% to $2,887.67 an ounce at 1740 GMT, after rising 2% in the previous week. U.S. gold futures …

Gold ticks lower, focus on US inflation print Read More »

By Siddhi Nayak MUMBAI (Reuters) -Indian private lender IndusInd Bank said on Monday it expects a 2.35% decline in its net worth as of December 2024 due to discrepancies in its derivative accounts found during an internal review. The Mumbai-based lender said the net worth impact emerged from internal derivative trades, which were not in …

IndusInd Bank says its net worth to take 2.35% hit on discrepancies in derivative accounts Read More »

By Vivek Kumar M and Bharath Rajeswaran (Reuters) -Indian shares ended lower on Monday, with the broader market seeing sharper cuts as concerns over U.S. tariffs and the ongoing market decline kept investors on edge. The Nifty 50 closed 0.41% lower at 22,460.3, while the Sensex fell 0.29% to 74,115.17. The key indexes rose nearly …

Indian shares fall as US tariff concerns keep investors on edge Read More »

By Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee weakened on Monday on the back of strong demand to buy dollars at the daily reference rate and as the Chinese yuan slipped amid worries about the country’s economy and a global trade war. The rupee declined 0.4% to 87.26 against the U.S. dollar as of …

Rupee slumps on strong demand to buy dollars at daily fix, weak yuan Read More »

By Sudarshan Varadhan SINGAPORE (Reuters) – India’s imports of thermal coal – mainly used in power generation – fell for a sixth straight month in February, ship tracking data showed, as coal-fired power generation grew at a muted pace on the back of a slowdown in manufacturing activity. This is the longest such streak since …

India’s thermal coal imports fall for sixth straight month in February Read More »

(Reuters) -Shares of IndusInd Bank fell nearly 6% on Monday to their lowest level since July 2022, after the country’s central bank approved a shorter extension to its CEO’s tenure, raising concerns around leadership transition and business uncertainty. The stock was down 3.3% at 905.85 rupees as of 11:01 a.m. IST, the biggest percentage loser on …

India’s IndusInd Bank drops as CEO’s shorter tenure extension sparks uncertainty Read More »