By Bharath Rajeswaran (Reuters) -India’s benchmark indexes rose on Tuesday, led by gains in financials after the Reserve Bank of India announced a slew of measures to boost liquidity in the banking system, raising hopes of an interest rate cut in February. The Nifty 50 rose 0.56% to 22,957.25, while the BSE Sensex added 0.71% …
Financials haul Indian benchmarks higher after central bank’s liquidity boost Read More »
By Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee weakened along with most of its regional peers on Tuesday as comments about trade tariffs from U.S. President Donald Trump boosted the dollar a day after a selloff in U.S. technology stocks had hurt the greenback. The rupee closed at 86.5225 against the dollar, down 0.2% …
Rupee logs worst day in nearly 2 weeks as tariff jitters lift dollar Read More »
(Reuters) – Indian electrical appliances manufacturer V Guard Industries reported a smaller-than-expected rise in third-quarter profit on Tuesday, as intense competition in the wires segment pressured its margins. The company’s consolidated net profit rose to 602.2 million rupees ($6.96 million) for the three-month period ended Dec. 31 from 582.4 million rupees a year earlier. Analysts, …
India’s V Guard misses Q3 profit view on weak demand for wires Read More »
(Reuters) – India’s TTK Prestige, whose kitchen appliances range from pressure cookers to electric chimneys, reported a 6.4% decline in third-quarter profit on Tuesday as consumers reined in spending due to persistently high inflation. The company’s shares dropped 5.5% in afternoon trading. TTK’s consolidated net profit fell to 584.5 million rupees ($6.8 million) in the …
Indian kitchenware maker TTK Prestige’s Q3 profit hit by slowing consumer spending Read More »
MUMBAI (Reuters) – Tiger Global and Peak XV backed Indian firm Cred has become the first fintech platform to roll out access to India’s central bank digital currency, the company said on Tuesday. The Reserve Bank of India had started a pilot for the e-rupee, which is a digital alternative to the physical currency, in …
Fintech firm Cred joins Indian central bank’s digital currency project Read More »
(Reuters) – Indian clothing retailer Arvind Ltd reported a 13% rise in its third-quarter profit on Tuesday, boosted by strong demand for textiles during the festive season. The company, which retails international brands including Tommy Hilfiger, Arrow, and Calvin Klein, posted a consolidated net profit of 1.03 billion rupees ($11.90 million) in the quarter ended …
India’s Arvind Q3 profit jumps on strong festive demand for textiles Read More »
NEW DELHI (Reuters) – Indian Oil Corp, the country’s top refiner, is facing a potential drop in its Russian oil imports this fiscal year ending March 31, following the latest U.S. sanctions on Moscow, according to its head of finance, Anuj Jain, on Tuesday. Indian refiners are struggling to secure Russian oil supplies following the …
Indian Oil faces decline in Russian oil imports in 2024/25 Read More »
(Reuters) – Indian budget carrier SpiceJet said on Tuesday that the first of four grounded Boeing 737 MAX aircraft would resume operations on Wednesday, Jan. 29. SpiceJet aims to restart the other three 737 MAXs and 10 aircraft in total by mid-April, it said in a statement. Several SpiceJet aircraft have been grounded or deregistered …
India’s SpiceJet says first of grounded Boeing planes to restart on Jan 29 Read More »
By Vivek Mishra and Anant Chandak BENGALURU (Reuters) -The Indian government will stick to borrowing and spending targets it touted six months ago in its Feb. 1 budget despite a sharp economic slowdown, a Reuters poll of economists found, putting the onus on the Reserve Bank of India to support growth. An expected fiscal deficit …
Indian government to tighten fiscal purse despite slowing economic growth Read More »
By David Brunnstrom, Nandita Bose and Kanishka Singh WASHINGTON (Reuters) -U.S. President Donald Trump stressed the importance of India buying more American-made security equipment and moving toward a fair bilateral trading relationship in a phone call with Prime Minister Narendra Modi on Monday, the White House said. Trump later himself told reporters they also spoke …
Trump emphasizes ‘fair’ trade, discusses defense buys and immigration with Modi Read More »
