Reuters India Business

MUMBAI (Reuters) – India’s central bank on Monday said it will double the quantum of security purchases under its next tranche of open market operation on February 13 to manage the liquidity deficit in the country’s banking system. The Reserve Bank of India (RBI) will purchase government securities worth 400 billion rupees ($4.57 billion), as …

India’s central bank doubles bond purchase to manage liquidity deficit Read More »

By Neha Arora NEW DELHI (Reuters) – India’s aluminium shipments to the U.S., its top export market for the metal, will likely drop due to tariffs proposed by Washington, prompting producers to look at other markets such as Europe, industry executives and a government source said on Monday. U.S. President Donald Trump said on Sunday …

India’s aluminium exports to the US likely to drop due to tariffs, industry says Read More »

By Pranoy Krishna BENGALURU (Reuters) – India’s consumer inflation likely fell sharply to a five-month low of 4.60% in January from 5.22% in December on slowing food price rises, according to economists polled by Reuters.  Such a fall would be a relief for most Indian households, who spend a significant amount of their budgets on …

India inflation likely fell to 4.60% in January as food price rises moderated: Reuters poll Read More »

By Rajendra Jadhav MUMBAI (Reuters) – Over three dozen sugar mills in India’s leading cane-producing states halted operations last week, nearly two months earlier than usual, due to lower cane supplies caused by adverse weather, industry official told Reuters. These early closures suggest India will produce less sugar than initially estimated. Production concerns are lifting …

Indian sugar mills close early, lifting local prices Read More »

MUMBAI (Reuters) – The increasing use of generative artificial intelligence (GenAI) could boost the productivity of India’s $254-billion software by 43%-45% over the next five years, according to a survey by consulting firm EY India. This productivity boost, which EY India’s survey states will span 500 roles, will come through the dual effect of the …

GenAI to boost India’s IT industry’s productivity by up to 45%, EY India survey shows Read More »