Reuters India Business

NEW DELHI (Reuters) – India’s Finance Minister Nirmala Sitharaman will on Thursday present the last federal budget of the current Narendra Modi-led administration before the country heads for polls in the summer. Industry lobby bodies are suggesting the government continue spending on infrastructure, expand incentives for manufacturing and tweak import taxes on inputs for certain …

Factbox-What industry wants from India’s budget on Feb. 1 Read More »

DUBAI (Reuters) – ADNOC Gas on Tuesday signed a 10-year agreement to supply 0.5 million metric tons per year of liquefied natural gas (LNG) to India’s largest Natural Gas Company, GAIL (India) Limited. ADNOC Gas’s parent Abu Dhabi National Oil Company has sharpened its focus on the gas market, seeing it as a transition fuel …

UAE’s ADNOC Gas signs 10-yr LNG supply agreement with India’s GAIL Read More »

By Dharamraj Dhutia MUMBAI (Reuters) – Indian funds, insurers and banks have increased their positions in longer-duration bonds in anticipation of the federal government’s interim budget being fiscally conservative with no pre-election spending surprises. India’s finance minister is set to present the country’s federal budget for 2024/25 on Feb.1, with expectations of the government reducing …

Indian investors favour long-term bonds anticipating conservative budget Read More »

By Bharath Rajeswaran BENGALURU (Reuters) -Indian shares fell on Tuesday, following a sharp surge in the previous session, weighed down by financials after Bajaj Finance’s asset quality worsened in the December quarter. The blue-chip NSE Nifty 50 index was down 0.16% at 21,702.60 points and the S&P BSE Sensex fell 0.29% to 71,731.20, as of …

Financials pull down Indian shares on Bajaj Finance’s asset quality worries Read More »

By Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee was largely unchanged on Tuesday, sidestepping an uptick in its Asian peers that were aided by a dip in U.S. Treasury yields. The rupee was at 83.1350 against the U.S. dollar as of 09:55 a.m. IST, barely changed from its close of 83.1325 in the previous …

Rupee flat ducking uptick in Asian peers, forward premiums inch up Read More »