Reuters India Business

By Ira Dugal MUMBAI (Reuters) – India’s record-breaking capital-raising spree will continue in 2025 given the strong pipeline of firms looking to go public, the head of the country’s oldest exchange told Reuters. “There are 90-plus companies that have already filed their draft prospectus with the regulator, looking to raise an estimated 1 trillion rupees …

India’s BSE expects record-breaking IPO run to continue unabated in 2025, CEO says Read More »

By Vivek Mishra BENGALURU (Reuters) – Consumer price inflation in India likely fell to 5.3% in December on moderating food price rises, a Reuters poll of economists showed, bolstering expectations for an interest rate cut by the central bank next month amid slowing economic growth. Food prices, which make up nearly half of the country’s …

India consumer inflation likely eased in December: Reuters poll Read More »

By Aditya Kalra and Indranil Sarkar NEW DELHI (Reuters) – Global alcohol companies such as Diageo, Pernod Ricard and Carlsberg are demanding unpaid dues of about $466 million from India’s Telangana state, where Heineken suspended supplies this week in an unprecedented move, three industry sources said. India is the world’s eighth-biggest alcohol market by volume, …

Global alcohol firms demand $466 million from Indian state in payments row, sources say Read More »

By Georgina McCartney HOUSTON (Reuters) -Oil prices rose more than 1% on Thursday as cold weather gripped parts of the U.S. and Europe, boosting winter fuel demand. Brent crude futures were up 98 cents, or 1.29%, at $77.14 a barrel by 1:10 p.m. EST. U.S. West Texas Intermediate crude futures gained 84 cents, or 1.15%, …

Oil settles up 1% as cold weather in US, Europe drives winter fuel demand Read More »

By Anushree Mukherjee (Reuters) – Gold prices rose to a near four-week high on Thursday, supported by safe-haven demand, while investors weighed how U.S. President-elect Donald Trump’s policies would impact the economy and inflation. Spot gold was up 0.3% at $2,670.16 per ounce, as of 10:55 a.m. ET (1555 GMT). U.S. gold futures rose 0.6% …

Gold hits four-week peak amid Trump policy concerns Read More »

By Shivangi Acharya NEW DELHI (Reuters) -India sharply lowered its April-November 2024 gold import estimate by $11.7 billion on Thursday after precious metal trade figures were miscalculated due to some double counting. The government revised its gold import estimate to $37.38 billion from $49.06 billion, trade statistics department data showed, after a review triggered by …

After miscalculation, India cuts April-November gold import estimate by $11.7 billion Read More »

By Sai Ishwarbharath B and Haripriya Suresh BENGALURU/MUMBAI (Reuters) -India’s No. 1 software services exporter Tata Consultancy Services (TCS) said on Thursday it is betting on Donald Trump’s regime to revive client confidence and discretionary spending in North America. The comments came after the leader of the $254 billion Indian IT sector reported a decline …

India’s TCS counts on Trump to boost US client spending Read More »