Reuters India Business

By Bharath Rajeswaran BENGALURU (Reuters) – Indian Prime Minister Narendra Modi returning to power for a rare third consecutive term will boost shares of defence, infrastructure, railway and capital goods companies, the head of brokerage Motilal Oswal Financial Services said. “These were areas where the government has focussed on, invested money. High probability that the …

Modi’s return will power India’s defence, infra stocks, Motilal Oswal’s Agrawal says Read More »

BENGALURU (Reuters) – India will buy back 400 billion rupees ($4.81 billion) worth of government bonds, the country’s central bank said on Monday. The securities offered for buyback are four government bonds with maturity dates in the second half of 2024, the Reserve Bank of India (RBI) said in a statement. The announcement comes a …

India to buy back government bonds worth 400 billion rupees, cenbank says Read More »

BENGALURU (Reuters) – Tyremaker Goodyear India on Monday reported a fourth-quarter loss as sales of commercial vehicles like tractors and trucks dipped, and customers also put off refurbishing their vehicles. The Indian unit of U.S.-based Goodyear Tire’s standalone net loss stood at 42.1 million rupees ($506,606.34) for the three months to March 31 from a …

Tyremaker Goodyear India posts Q4 loss on weak demand for tractors Read More »

BENGALURU (Reuters) -India’s Adani Energy Solutions said on Monday that its board has approved a fundraise of up to 125 billion rupees ($1.50 billion). The power distribution company will raise funds via the issuance of shares or other securities by way of qualified institutional placements or through any other permissible mode, it added. Adani Energy …

India’s Adani Energy Solutions to raise up to $1.5 billion Read More »

By Swati Bhat MUMBAI (Reuters) – A sustained reduction in fiscal deficit, particularly if underpinned by durable revenue-raising reforms, would be a positive for India’s sovereign rating fundamentals over the medium term, Fitch Ratings said in a note on Monday. The Reserve Bank of India’s (RBI) larger-than-expected surplus transfer to the government should help ensure that the …

Sustained fiscal deficit reduction positive for India’s ratings, says Fitch Read More »

By Vivek Mishra BENGALURU (Reuters) – India’s economy likely grew at its slowest pace in a year in the January-March quarter due to weak demand, according to a Reuters poll of economists who said the possibility of growth significantly surpassing their forecasts was low. The country’s gross domestic product (GDP) unexpectedly grew by 8.4% in …

India economy likely grew at weakest pace in a year in Jan-March: Reuters poll Read More »