By Bharath Rajeswaran (Reuters) – Indian benchmarks blazed to record highs in the first few months of 2024 but slowing corporate earnings and an exodus of foreign funds curtailed their annual gains to about 8.5%, the least among major global peers, and even pushed stocks into correction territory. The Nifty 50 and Sensex rose 8.8% …
By Bharath Rajeswaran (Reuters) -Indian benchmark indexes were muted on Tuesday, weighed by a drop in information technology stocks, while elevated U.S. Treasury yields continued to hurt emerging market assets. The Nifty 50 closed flat at 23,644.8 points, while the BSE Sensex shed 0.14% to 78,139.01. Both the indexes fell about 0.5% earlier in the …
India’s equity benchmarks have a muted end to 2024 Read More »
By Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee declined to a record closing low for the sixth consecutive session on Tuesday, weighed down by a decline in most Asian currencies alongside expectations that it is headed for more losses in 2025. The rupee closed at 85.6150 to the U.S. dollar, down nearly 0.1% on …
Rupee dips to record closing low, bearish bias tipped to persist in 2025 Read More »
By Dharamraj Dhutia MUMBAI (Reuters) – Indian banks will continue to rely on certificates of deposit for meeting short-term cash needs in the next quarter amid tight liquidity conditions, after fundraising through these instruments rose 50% year-on-year in 2024. Certificates of deposit (CDs) are debt instruments with maturities of less than one year issued by …
Indian banks to stick with certificates of deposit after 2024 supply jumps 50% Read More »
(Reuters) – India’s Adani Wilmar fell over 6% in early trade on Tuesday, a day after the Adani Group said it would sell its entire 44% stake in the consumer goods company in a $2 billion deal to focus on strengthening its infrastructure businesses. The group will sell a 31% stake in Adani Wilmar to …
India’s Adani Wilmar falls on Adani group’s plan to offload stake Read More »
By Nimesh Vora MUMBAI (Reuters) – The Indian rupee is likely to open little changed on Tuesday, doing little to avert its worst monthly performance in two years amid a relatively hawkish Federal Reserve outlook and a likely decline in the pace of intervention by the local central bank. The 1-month non-deliverable forward indicated that …
Rupee expected to round off difficult month on a muted note Read More »
By Sherin Elizabeth Varghese (Reuters) – Gold prices dipped in thin trade on Monday as traders awaited fresh catalysts, including next week’s U.S. economic data, which could influence the Federal Reserve’s interest rate outlook for 2025, as well as policies from incoming President Donald Trump. Spot gold fell 0.6% to $2,604.49 per ounce as of …
Gold prices dip as markets await fresh catalysts Read More »
(Reuters) – Adani Green Energy’s chief executive officer Amit Singh will step down to take up the role of the chief of the international energy business of the Adani Group, the renewable energy firm said on Monday. He will be replaced by Ashish Khanna starting April 1, who is the current CEO of the group’s …
India’s Adani Green CEO to step down for new role in group Read More »
By Siddhi Nayak MUMBAI (Reuters) – Indian banks’ gross bad loan ratio may rise from a 12-year low if risks emanating from credit quality, interest rates and geopolitics play out, a report published by the central bank on Monday showed. Gross bad loan ratio is the proportion of bad assets to total loans. This key …
Indian banks’ gross bad loan ratio may edge up by March 2026, central bank report says Read More »
NEW DELHI (Reuters) – India’s defence ministry said on Monday it had signed a 19.9 billion rupees ($233 million) contract with Mazagon Dock Shipbuilders for technology that allows submarines to stay underwater for longer. The ministry also signed a 8.7 billion rupees ($102 million) contract with France’s Naval Group for integration of torpedoes on Indian …
India signs 19.9 billion rupees defence deal with Mazagon Dock Shipbuilders Read More »
