(Reuters) -India’s crude oil imports rose nearly 9% in October to 20.28 million metric tons month-on-month, their highest level since April, government data showed on Thursday. WHY IT’S IMPORTANT India is the world’s third-biggest oil importer and consumer, making this data a key indicator of its oil demand. BY THE NUMBERS On a yearly basis, …
India’s October crude oil imports rise to six-month high Read More »
By Sai Ishwarbharath B (Reuters) -India’s Tata Consultancy Services and private equity firm TPG will form a joint venture to develop AI data centres, TCS said on Thursday, with both partners set to invest a total of 180 billion rupees ($2.03 billion) in equity. The capital will be invested in tranches in the JV, called …
India’s TCS, TPG partner to invest $2 billion in AI data centre JV Read More »
By Nikunj Ohri NEW DELHI (Reuters) -The Indian central bank is adopting a cautious approach towards cryptocurrencies and stablecoins, Reserve Bank of India Governor Sanjay Malhotra said on Thursday. “Stablecoins, cryptos, they have a huge risk, and so we are adopting a very cautious approach towards it,” he said in a memorial lecture delivered at …
India cenbank cautious in its approach to stablecoins, cryptos, chief says Read More »
NEW DELHI (Reuters) -India’s infrastructure output was unchanged in October from a year earlier, its weakest performance in 14 months, as declines in coal, crude oil and electricity production offset gains in steel and refinery products, government data showed on Thursday. The index, which tracks activity across eight sectors and makes up 40% of the …
India’s infrastructure output flat in October, weakest in 14 months Read More »
By Bharath Rajeswaran and Vivek Kumar M (Reuters) -India’s equity benchmarks settled close to record-high levels on Thursday, led by Reliance as a solid quarterly earnings scorecard left investors optimistic about prospects for a broader rebound in domestic markets. The Nifty 50 and the BSE Sensex gained 0.5% each to 26,192.15 and 85,632.68, respectively. They …
Reliance leads India’s stock benchmarks towards record high levels Read More »
By Jaspreet Kalra MUMBAI (Reuters) -The Indian rupee closed slightly weaker on Thursday, pressured by broad-based strength in the dollar on a hawkish reassessment of policy easing by the Federal Reserve, while modest portfolio inflows helped limit the currency’s decline. The rupee closed at 88.7050 against the U.S. dollar, down about 0.1% on the day. …
Rupee ends a tad lower as modest inflows cushion drag from firmer dollar Read More »
(Corrects typographical error in paragraph 9 to show support package is aimed at boosting exports, not exporters) By Manoj Kumar and Ashwin Manikandan NEW DELHI/MUMBAI (Reuters) -India’s strong domestic economy and a smaller-than-expected hit to exports are giving New Delhi more room to negotiate a trade deal with Washington, which has imposed tariffs as high …
Resilient domestic economy gives India space to negotiate U.S. trade deal, sources say Read More »
By Sethuraman N R NEW DELHI (Reuters) -India’s solar module manufacturing industry is headed for consolidation over the next three to five years as overcapacity and rapid technology shifts squeeze smaller players, ICRA analysts said on Thursday. The country has authorised about 110 gigawatts (GW) of module capacity under its approved list of models and …
India’s solar module sector faces shake-up as overcapacity looms, ICRA analysts say Read More »
By Bharath Rajeswaran (Reuters) -Global brokerage HSBC expects India’s equity benchmark BSE Sensex to rise about 10% by end-2026, setting a target of 94,000 for the 30-stock index, saying that domestic stocks offer value compared to China. Indian markets have lagged their Asian and emerging market peers this year, weighed down by softer corporate earnings, …
HSBC sees India’s Sensex at 94,000 by end-2026 on earnings recovery, cooling valuations Read More »
NEW DELHI (Reuters) -The U.S. State Department has approved the sale of Javelin anti-tank missile system and Excalibur guided artillery munitions worth $93 million to India, the U.S. Defense Security Cooperation Agency (DSCA) said on Wednesday. The purchase of U.S. defence equipment is India’s first under Washington’s foreign military sales programme since ties soured in August …
US clears $93 million sale of Javelin anti-tank system, Excalibur projectiles to India Read More »
