Reuters India Business Archives - Page 646 of 1191

Malaysia to request additional 500,000 metric tons of white rice from India

28 Mar 2024 28 Mar 2024

KUALA LUMPUR (Reuters) – Malaysia will submit an request to India to procure an additional 500,000 metric tons of white rice, its agriculture minister said. The request would be in addition to the 170,000 tons of white rice India has previously allocated to Malaysia for the year. India, the world’s biggest rice exporter, had restricted …

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FTSE Russell defers India’s inclusion in government bond index

28 Mar 2024 28 Mar 2024

By Dharamraj Dhutia MUMBAI (Reuters) – Global index provider FTSE Russell will defer India’s inclusion in its government bond index due to taxation, registration and settlement issues, even as two other major index providers have announced their inclusions, it said on Thursday. However, it acknowledged progress in the accessibility of the securities in its March …

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Gold climbs as investors look ahead to key US inflation data

27 Mar 2024 27 Mar 2024

By Kavya Balaraman and Anjana Anil (Reuters) – Gold prices gained on Wednesday, as investors awaited a key U.S. inflation data later this week, which could provide more clues on the Federal Reserve’s policy path. Spot gold was up 0.5% at $2,189.89 per ounce as of 1:50 p.m. EDT (1750 GMT). U.S. gold futures settled …

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India plans lower-than-expected market borrowing of $90 billion in fiscal first half

27 Mar 2024 27 Mar 2024

By Nikunj Ohri and Dharamraj Dhutia NEW DELHI (Reuters) -The Indian government plans gross market borrowing of 7.5 trillion rupees ($90 billion) in the April-September period, which is 53% of the total estimate for the year, the finance ministry said on Wednesday. The market had pegged the borrowing to be 56%-58% of the annual target. …

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India cenbank eases recently tightened rules for lenders’ investments in AIFs

27 Mar 2024 27 Mar 2024

MUMBAI (Reuters) -India’s central bank on Wednesday eased its recently tightened rules that mandated lenders set aside higher provisions if they have bought into alternative investment funds (AIFs) that, in turn, have invested in the lender’s borrowers. This was to ensure the rules were uniformly implemented among lenders and to address stakeholders’ concerns, the Reserve …

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India central bank keen to further build up record high FX reserves, say sources

27 Mar 2024 27 Mar 2024

By Jaspreet Kalra and Swati Bhat MUMBAI (Reuters) – India’s central bank will keep building its forex reserves as it seeks to build larger buffers and strong inflows into the country’s equity and debt markets give it an opportunity to do so, two sources familiar with the bank’s thinking said. The Reserve Bank of India’s absorption …

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Rupee falls to record low, cenbank likely steps in

27 Mar 2024 27 Mar 2024

By Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee hit a record low on Wednesday on aggressive dollar bids by local oil companies, importers and equity-related outflows, while likely central bank intervention capped losses, traders said. The rupee closed at 83.3725 against the U.S. dollar, down 0.1% compared with its close at 83.28 in the …

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Reliance leads rise in Indian shares; realty stocks extend rally

27 Mar 2024 27 Mar 2024

By Bharath Rajeswaran and Hritam Mukherjee BENGALURU (Reuters) -Indian shares rose on Wednesday led by heavyweight Reliance Industries after Goldman Sachs set a Street-high price target, while a rally in realty stocks on rising housing sales also aided sentiment. The blue-chip NSE Nifty 50 index settled 0.54% higher at 22,123.65, while the BSE Sensex rose …

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State Bank of India, Bajaj Auto among 25 stocks eligible for same-day settlement, say BSE, NSE

27 Mar 2024 27 Mar 2024

By Bharath Rajeswaran BENGALURU (Reuters) -India’s Bajaj Auto, Bharat Petroleum and State Bank of India are among 25 stocks eligible for optional same-day settlement starting from March 28, the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) said on Wednesday. Indian markets operate on a T+1 settlement cycle for all stocks currently, which …

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Indian aviation watchdog defers new rules on pilots’ rest, duty times

27 Mar 2024 27 Mar 2024

BENGALURU (Reuters) -India’s aviation watchdog has deferred a June 1 deadline for airlines to adopt new rules on rest and duty times for pilots, a notice on its website showed, but without stating a reason or a new target date. Tuesday’s news followed a warning from a key airline lobby group, reported last month by …

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