Reuters India Business

By Vivek Kumar M and Bharath Rajeswaran (Reuters) – India’s benchmark indexes logged their worst day in around five months on Friday, with Nifty 50 posting its longest monthly losing streak since 1996 on pessimism over domestic market conditions. The benchmark Nifty 50 and the BSE Sensex closed 1.9% lower at 22,124.70 and 73,198.10, respectively. …

India’s Nifty posts longest monthly losing run since 1996; midcaps confirm bear market Read More »

By Siddhi Nayak MUMBAI (Reuters) – The Indian rupee logged its fifth straight monthly fall in February, weighed down by foreign portfolio outflows and increased hedging in the onshore and the non-deliverable forward market. The rupee ended at 87.4950 against the U.S. dollar compared with 87.20 in the previous session. The domestic unit fell 1% …

Rupee falls for fifth straight month in February on outflows, hedging demand Read More »

By Nikunj Ohri NEW DELHI (Reuters) – India’s economy expanded by 6.2% in October-December, picking up on increased government and consumer spending, official data showed on Friday, and the government said it expected a further acceleration in the current quarter. A stronger rural economy also bolstered the world’s fifth-largest economy in the final quarter of …

India’s economic growth picks up on rising government, consumer spending Read More »

By Praveen Paramasivam and Juveria Tabassum (Reuters) – India’s BigBasket is planning to go public in the next 18 to 24 months, its CEO said, as the Tata Group-backed grocery giant seeks to tap surging demand for quick online deliveries of everything from fruits to Apple iPhones. The company is on track to double its …

Indian grocery giant BigBasket eyes IPO in 2 years as business booms Read More »

(Reuters) – India’s economy grew by 6.2% in October-December, marginally below expectations but faster than in the previous quarter on the back of increased government and consumer spending, data released on Friday showed. The growth in gross domestic product was slightly lower than the 6.3% expansion projected by analysts in a Reuters poll, and the …

India’s economic growth accelerates to 6.2% in October-December Read More »

MUMBAI (Reuters) – Indian banks’ loan growth moderated for a seventh straight month in January, central bank data showed on Friday, due to a drop in personal and credit card loans following tighter rules by the Reserve Bank of India. The data showed that banks’ credit increased by 12.5% year-on-year last month, slower than the …

Tighter lending norms stymie Indian banks’ loan growth for 7th month Read More »

By Manoj Kumar and Shivangi Acharya NEW DELHI (Reuters) -India and the European Union on Friday agreed to conclude a free trade deal by the end of the year, their first commitment to a deadline on talks that have been going for years, as they look to soften the effect of tariff increases from the …

India and EU commit to year-end deadline for a free trade pact, amid Trump tariff threats Read More »