By Sethuraman N R NEW DELHI (Reuters) – India’s Adani Total has yet to conduct feasibility studies to double the capacity of its LNG terminal in Dhamra, Chief Executive Surjeet Singh Lamba told Reuters on Thursday, a year after the joint venture announced it was in the early stages of planning a possible expansion. Lamba …
Adani Total Dhamra LNG terminal expansion not imminent, CEO says Read More »
By Siddhi Nayak MUMBAI (Reuters) – The Indian rupee ended little changed on Thursday, wedged between gains in regional peers and importers’ dollar demand, in a week when volatility has risen due to the central bank’s heavy interventions in the foreign exchange market. The rupee ended at 86.8975 to the U.S. dollar, compared with its …
Rupee’s two-day RBI-driven surge peters out despite rally in regional peers Read More »
By Bharath Rajeswaran (Reuters) -India’s benchmark indexes closed in the red for the seventh session in a row on Thursday, hit by mounting concerns over the United States imposing new tariffs and prospects of fewer rate cuts in the world’s largest economy. The Nifty 50 shed 0.06% to 23,031.40, while the BSE Sensex settled 0.04% …
Indian benchmarks extend losing run on US tariff, interest rate woes Read More »
By Haripriya Suresh and Ashwin Manikandan BENGALURU/NEW DELHI (Reuters) – India’s financial services and IT sectors will be the most attractive sectors for private equity buyouts this year, the head of the Indian Venture and Alternate Capital Association told Reuters this week. This is a marked shift from 2024 when real estate and healthcare were …
By Neha Arora NEW DELHI (Reuters) – India’s finished steel imports rose to an all-time high in the first 10 months of the financial year that started in April, according to provisional government data reviewed by Reuters on Thursday. India, the world’s second-biggest crude steel producer, imported 8.3 million metric tons of finished steel during …
India’s April-January finished steel imports touch record high Read More »
By Nidhi Verma, Shariq Khan and Sethuraman N R NEW DELHI (Reuters) – India, the No. 2 importer of crude from Russia, wants to buy Russian oil only if it is supplied by companies and ships that have not been sanctioned by the United States, the country’s oil secretary said. Widened sanctions on Moscow by …
India says Russian oil suppliers must provide sanctions-compliant cargoes Read More »
MUMBAI (Reuters) – Indian banks’ net interest margins (NIMs) will likely decline by 10 basis points on average in 2025-26 due to the Reserve Bank of India’s interest rate cuts, but the drop will be cushioned by the central bank easing liquidity conditions, Fitch Ratings said. Last week, the RBI started its rate-cutting cycle by …
Indian banks’ margins to take 10 bps hit in FY 26 due to rate cuts, Fitch estimates Read More »
(This Feb. 12 story has been corrected to fix the company name to British International Investment from British International Investment Fund in paragraph 4) (Reuters) – State-owned explorer Oil and Natural Gas Corporation (ONGC) said on Wednesday that its joint venture with utility firm NTPC Green Energy will acquire Ayana Renewable Power, which operates solar …
India’s ONGC-NTPC Green Energy joint venture to buy Ayana Renewable (Feb 12) Read More »
By Aditya Kalra, Aditi Shah and Nikunj Ohri NEW DELHI (Reuters) -India’s demand for back taxes running into a record $1.4 billion from Volkswagen, after 12 years of scrutiny, is reigniting concerns that lengthy investigations and litigation could sour the plans of foreign firms in the fastest-growing major economy. Automakers such as Maruti Suzuki, Hyundai, …
Volkswagen’s $1.4 billion India tax tussle rekindles foreign investor fears Read More »
By Khushi Malhotra and Dharamraj Dhutia MUMBAI (Reuters) – India’s Tata Steel is set to tap the corporate bond market after a gap of nearly one year, two sources familiar with the matter said on Thursday. “The company is already in talks with merchant bankers and investors, and is offering a variety of tenors, and …
India’s Tata Steel likely to tap bond market after near 1-year hiatus, sources say Read More »
