MUMBAI (Reuters) – The Reserve Bank of India left its key rate unchanged in a sixth straight meeting on Thursday, in line with expectations, as inflation remained above the central bank’s 4% medium-term target, while economic growth continued to be resilient. The monetary policy committee kept the key lending rate, or repo rate, unchanged at …
Changes to India’s Standing Deposit Facility Rate since April 2022 Read More »
MUMBAI (Reuters) – The Reserve Bank of India left its key rate unchanged in a sixth straight meeting on Thursday, in line with expectations, as inflation remained above the central bank’s 4% medium-term target while economic growth continued to be resilient. The monetary policy committee kept the key lending rate, or repo rate, unchanged at …
By Anushree Ashish Mukherjee (Reuters) – Gold prices held steady on Wednesday as investors awaited clues from the U.S. Federal Reserve officials on the interest rate path, while auto-catalyst metal palladium dropped to a five-year low on growing concerns over demand. Spot gold was steady at $2,034.82 per ounce, as of 01:54 p.m. ET (1854 …
Gold flat as traders await more Fed cues; palladium hits 5-yr low Read More »
(Reuters) – India is close to finalizing a trade deal that could see a small group of European nations invest as much as $100 billion over 15 years for easier trade access to the country, Bloomberg News reported on Wednesday. The European Free Trade Association (EFTA), which includes Norway, Iceland, Liechtenstein and Switzerland, made a …
India eyes $100 billion investment deal with Switzerland, Norway- Bloomberg News Read More »
(Reuters) – Indian generic drugmaker Lupin reported a bigger-than-expected rise in its third-quarter profit on Wednesday, helped by strong demand in its North American and domestic markets. Consolidated net profit after tax rose four-fold, to 6.13 billion rupees (nearly $74 million) in the quarter ended Dec. 31, beating analysts’ average estimate of 4.56 billion rupees, …
Indian drugmaker Lupin beats quarterly profit estimates on strong demand Read More »
By Sethuraman N R and Nidhi Verma QUITOL, India (Reuters) -India is expected to be the largest driver of global oil demand growth between 2023 and 2030, narrowly taking the lead from top importer China, the International Energy Agency (IEA) said on Wednesday. The world’s third-largest oil importer and consumer is on track to post …
India will be world’s biggest oil demand growth driver through 2030, IEA says Read More »
BENGALURU (Reuters) – Nestle India reported a nearly 16% rise in fourth-quarter profit before a one-time charge on steady urban demand for its products including its Nescafé range of coffees and KitKat chocolates. Profit before exceptional items and tax grew to 9.94 billion rupees ($119.81 million) for the three months ended Dec. 31 from 8.59 …
Nestle India posts higher Q4 profit on strong urban demand Read More »
BENGALURU (Reuters) – Indian retailer and hypermarket operator Trent reported a more-than-two-fold jump in third-quarter profit on Wednesday, driven by robust demand during the festive period. The Tata Group-owned company reported a consolidated net profit of 3.71 billion rupees (about $45 million) for the three months ended Dec. 31, from 1.55 billion rupees a year …
India’s Tata-owned Trent Q3 profit jumps more than two-fold on festive demand Read More »
MUMBAI (Reuters) – Microsoft will provide 2 million people in India with AI skilling opportunities by 2025, CEO Satya Nadella said on Wednesday, adding that it is imperative for India and the United States to cooperate on AI norms and regulations. The skilling will focus on training individuals in tier-2 and tier-3 cities, as well …
Microsoft says will help 2 million Indians in small cities learn AI skills Read More »
MUMBAI (Reuters) -India’s HDFC Bank has raised $300 million through its debut sustainable finance dollar-denominated bond issue, the lender said in a release on Wednesday. The country’s biggest private lender by market capitalisation priced its three-year sustainability bond at a yield of 5.196%. This is 95 basis points (bps) over the three-year U.S. Treasury yield, …
India’s HDFC Bank raises $300 million via maiden sustainable finance bond issue Read More »
