By Vivek Kumar M and Bharath Rajeswaran (Reuters) -India’s benchmark indexes fell for the fourth straight session and recorded weekly losses, weighed down by auto and pharma stocks on uncertainty over the impact of U.S. trade policy. The Nifty 50 ended 0.51% lower at 22,795.90 on Friday, while the BSE Sensex fell 0.56% to 75,311.06. …
Indian equity benchmarks log weekly losses on US tariff risks Read More »
By Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee weakened slightly on Friday, pressured by dollar demand from importers and weakness in local shares that have seen an exodus of foreign money over 2025. The rupee closed lower at 86.7125 against the U.S. dollar after rising to 86.4850 earlier in the session. The currency was …
Rupee slips on weak equities, importer dollar bids; tad higher on week Read More »
NEW DELHI (Reuters) – India is considering injecting cash into heavily indebted government-owned power distribution utilities, according to a document from the Ministry of Power reviewed by Reuters, to ensure the stability of the sector amid surging power demand. In the document circulated this week, the ministry mentioned the formation of a group of ministers …
India considering bailout for indebted power distribution utilities, document says Read More »
By Ashwin Manikandan NEW DELHI (Reuters) – Indian insurers are considering making New Delhi residents pay 10% to 15% more for new health policies after an extraordinary spike in claims related to air pollution in 2024 in India’s capital, according to nine executives aware of the matter. The plan, now in discussion amongst insurers and …
Exclusive-India insurers look to hike health premiums as pollution stings Read More »
MUMBAI (Reuters) – India’s central bank has seen concerns of over-leveraging in unsecured lending and frenzy in capital markets, Deputy Governor Rajeshwar Rao said on Friday. Rao, who is currently in charge of monetary policy among other departments at the Reserve Bank of India, said there was a need to ensure that excess financialisation through …
India’s central bank flags concerns in unsecured lending, capital markets frenzy Read More »
By Anant Chandak BENGALURU (Reuters) – Growth in India’s private sector accelerated at its fastest pace in six months in February due to a surge in services activity that enabled businesses to pass on rising input costs to customers, according to a survey that also showed job creation was at a record high. Strong business …
India Feb business growth at 6-month high, fueled by services and jobs surge, PMI shows Read More »
By Anmol Choubey (Reuters) – Gold prices surged to a record high on Thursday, as fears of a global trade war sparked by U.S. President Donald Trump’s tariff threats fueled safe-haven demand for the precious metal. Spot gold rose 0.1% to $2,936.38 an ounce as of 02:36 p.m. ET (1936 GMT). It hit $2,954.69 earlier …
Gold prices soar to record high fueled by safe-haven demand Read More »
(Reuters) – India’s Burman family has acquired control of financial services provider Religare Enterprises, a spokesperson for the billionaire group said on Thursday. The Burmans, who founded and control consumer goods conglomerate Dabur India, got the central bank’s approval to buy more shares of Religare in December. “Our immediate priority is to instill stability, strengthen …
India’s Burman family acquires control of Religare, says spokesperson Read More »
MUMBAI (Reuters) – Walmart-backed Indian fintech firm PhonePe is beginning preparatory steps for a public listing on the country’s stock exchanges, the company said on Thursday. “PhonePe’s strong top-line and bottom-line growth across its diverse business portfolio, as detailed in its FY23-24 annual report, makes this a suitable time to prepare for a public listing,” …
Walmart-backed PhonePe prepares for Indian stock market debut Read More »
By Nikunj Ohri and Sarita Chaganti Singh NEW DELHI (Reuters) – India’s Chief Economic Adviser V Anantha Nageswaran’s term has been extended by two years until March 2027, according to a government order seen by Reuters on Thursday. Nageswaran was appointed to the position in 2022 and has also served as a part-time member of …
India extends Chief Economic Adviser Nageswaran’s term until March 2027 Read More »
