By Patturaja Murugaboopathy and Gaurav Dogra (Reuters) – With weeks to go before India starts voting in a general election that the incumbent government is widely expected to win, Indian equity markets are uncharacteristically languid and not seeing the traditional pre-election rally. Analysts say this time is different, pointing to a stellar rally in the …
Analysis-Traditional pre-election rally eludes Indian stocks Read More »
MUMBAI (Reuters) – Indian states will aim to raise an aggregate of 161 billion rupees ($1.93 billion) on Tuesday through a sale of bonds maturing in six years to 20 years. The Reserve Bank of India will likely set cutoff yields for the 10-year bonds in the 7.42%-7.44% band, according to a Reuters poll of …
BENGALURU (Reuters) -BMW Group and Tata Technologies will form a joint venture to develop automotive software for the German luxury carmaker, the Indian engineering services company said on Tuesday. India is a software development hub for global automakers and auto parts makers including Volvo and Magna International, while also witnessing rising investments from companies including …
Germany’s BMW, India’s Tata Tech to jointly develop auto software Read More »
By Sudarshan Varadhan and Cassandra Yap SINGAPORE (Reuters) – India’s hydroelectricity output fell at the steepest pace in at least 38 years during the year ended March 31, a Reuters analysis of government data showed, as erratic rainfall forced further dependence on coal-fired power amid higher demand. The 16.3% drop in generation from the country’s …
India hydropower output records steepest fall in nearly four decades Read More »
By Anjana Anil (Reuters) – Gold prices pared gains on Monday as the dollar and bond yields rose, after the bullion surged to a fresh record high on growing expectation that the U.S. Federal Reserve could deliver the first interest rate cut in June. Spot gold was up 0.3% at $2,238.18 per ounce as of …
Gold pares gains as higher US dollar, bond yields weigh Read More »
BENGALURU (Reuters) – Apparel retailer Aditya Birla Fashion and Retail (ABFRL) said on Monday it was planning to demerge Madura Fashion & Lifestyle into a separate listed entity. The move follows the company posting losses for the last three quarters due to weak demand as well as increased investments in some brands. Madura Fashion consists of four …
Aditya Birla Fashion to list flagship lifestyle brands as separate entity Read More »
BENGALURU (Reuters) – Indian airline Vistara said on Monday it was forced to cut a number of flights as it was dealing with a shortage of pilots and crew. “We have had a significant number of flight cancellations and delays in the past few days due to various reasons including crew unavailability,” a company spokesperson …
India’s Vistara cuts flights to deal with pilot shortage Read More »
By Nidhi Verma NEW DELHI (Reuters) – Rosneft and Indian Oil Corp have yet to renew an oil supply deal that expired in March as they have been unable to agree on price and volumes, forcing India’s top refiner to turn to spot markets, three sources with knowledge of the matter said on Monday. IOC …
India’s top refiner set to tap spot oil as Russian term deal lapses -sources Read More »
(Corrects to add dropped word “year” in headline) By Dharamraj Dhutia and Bhakti Tambe MUMBAI (Reuters) -The returns on Indian equities will “normalise” this fiscal year in line with corporate earnings growth, the head of equities at Canara Robeco Mutual Fund said on Monday, making a case for increasing exposure to large companies. “The 25% …
By Siddhi Nayak MUMBAI (Reuters) – India’s central bank must prioritise the country’s economic growth and also ensure the rupee is made more accessible and acceptable globally, Prime Minister Narendra Modi said on Monday. The Reserve Bank of India must give top priority to growth but at the same time focus on trust and stability, Modi …
India’s Modi says central bank must prioritise growth, ensure rupee’s global appeal Read More »
