By Sumit Khanna AHMEDABAD (Reuters) – An Indian spice trade group said on Friday that spice exports could drop by 40% after two major brands were hit with contamination allegations over the use of a pesticide the group considers safe but others say causes cancer in the event of long-term exposure. India is the world’s …
Indian spice trade group fears plunge in exports due to ETO pesticide scrutiny Read More »
MUMBAI (Reuters) – The Reserve Bank of India (RBI) has seen “several” supervisory concerns in the functioning of asset reconstruction companies (ARCs), a deputy governor at the central bank said on Friday, urging such firms to adopt appropriate risk management strategies. Swaminathan J urged ARCs to adopt an approach where there is compliance “with both …
India cenbank deputy flags concerns over asset recast cos’ functioning Read More »
BENGALURU (Reuters) – Logistics firm Delhivery posted a narrower loss on Friday, aided by improved volume growth in its supply chain and truckload services. The company reported a consolidated loss of 684.7 million rupees ($8.21 million) for the quarter ended March 31, compared with a loss of 1.59 billion rupees a year ago. This however …
India’s Delhivery posts narrower fourth-quarter loss Read More »
BENGALURU(Reuters) -India’s Zee Entertainment Enterprises reported a quarterly profit on Friday, compared with a loss a year earlier, helped by strong demand for advertising and a fall in expenses. The company posted a profit of 133.5 million rupees ($1.60 million) from a year-ago loss of 1.96 billion rupees. Domestic advertising revenue for the quarter rose …
India’s Zee Entertainment reports Q4 profit as advertising demand picks up Read More »
By Dimpal Gulwani and Bharath Rajeswaran BENGALURU (Reuters) -India’s blue-chip stock indexes logged their best week since early February on Friday, led by metal stocks, while sustained domestic buying cushioned persistent foreign outflows. Both the NSE Nifty 50 and S&P BSE Sensex gained about 2% this week, their best since the week ended Feb. 2. …
Indian blue-chips post best week in over 3 months led by metals Read More »
NEW DELHI (Reuters) – India’s rise in trade with Russia should not be seen as a “temporary phenomenon” as more economic opportunities are emerging, India’s foreign minister said on Friday. India and Russia have a close relationship stretching back decades, and New Delhi has refused to condemn Moscow over its February 2022 invasion of Ukraine, …
India’s spike in trade with Russia not a ‘temporary phenomenon’, minister says Read More »
NEW DELHI (Reuters) – Steel Authority of India is keenly watching Chinese imports after the United States raised tariffs on shipments from Beijing, its chairman Amarendu Prakash said on Friday. U.S. President Joe Biden earlier this week unveiled steep tariff increases on an array of Chinese imports, including steel, leading Indian mills to fear that …
India’s SAIL keenly watching Chinese steel imports post US tariff hikes, says chairman Read More »
BENGALURU (Reuters) – Shares of Indian automaker Mahindra & Mahindra rose as much as 8% to a record high on Friday, its biggest intraday jump in over three years, on a strong growth outlook after its fourth-quarter results beat expectations. Mahindra’s shares were trading 6.3% higher at 2,520 rupees, after seeing its biggest intraday percentage …
India’s Mahindra & Mahindra jumps most in over three years on strong growth outlook Read More »
(Reuters) – Foreign investors were net sellers of Asian bonds for a second straight month in April as a strong U.S. dollar and uncertainties around the Federal Reserve’s interest rate cuts dampened appetite. Investors net sold bonds worth $1.91 billion from Indonesia, India, Thailand, Malaysia and South Korea, although the disposals were was significantly lower …
Foreigners sold Asian bonds in April amid firm dollar, Fed uncertainty Read More »
By Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee was largely unchanged on Friday as dollar sales from state-run banks, likely on behalf of the Reserve Bank of India (RBI), curbed weakness in the currency even as its Asian peers slipped. The rupee was at 83.48 against the U.S. dollar as of 10:40 a.m. IST, …
Rupee little changed, likely RBI intervention counters slip in Asian peers Read More »
