Reuters India Business

By Rajendra Jadhav MUMBAI (Reuters) – India extended the suspension of trading in derivative contracts for key farm commodities until January, as the world’s largest importer of vegetable oils and a major producer of wheat and rice seeks to curb food inflation. The Securities and Exchange Board of India (SEBI) initially ordered a year-long suspension …

India extends halt on futures trading in key farm commodities until January Read More »

By Mayank Bhardwaj NEW DELHI (Reuters) – India’s sugar mills can easily export up to 2 million metric tons of the sweetener this season as domestic supply prospects improve and local prices show a downward trend, the head of a leading industry body said on Wednesday. “The supply situation looks better than initially expected, which …

Indian mills can export up to 2 million tons of sugar this season, industry says Read More »

By Rajendra Jadhav and Rahul Paswan MUMBAI (Reuters) – Soaring gold prices have led many Indian families to opt for lightweight and lower-carat jewellery to stay within their budgets, industry officials said. “I wanted to gift my daughter 80 grams of gold, but I was forced to scale it down to 50 grams because of …

Indians opt for lighter, lower carat jewellery as gold prices soar Read More »

NEW DELHI (Reuters) – The Indian government’s net direct tax collection grew over 16% year on year to 15.8 trillion rupees ($186.07 billion) during the period April 1-Dec. 17, according to a government statement. Direct taxes, which include corporate and personal tax, grew over 20% to 19.2 trillion rupees on a gross basis during the …

India’s net direct tax collection rises over 16% y/y in April-December Read More »

By Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee hit its all-time low on Wednesday, pressured by strong dollar demand from importers and likely outflows from local equities, while intervention by the Reserve Bank of India curbed losses, traders said. The rupee fell to 84.9550 against the U.S. dollar before closing at 84.9525, down 0.07%. …

Rupee weakens to lifetime low hurt by merchant dollar bids, weak equities Read More »