By Anant Chandak and Milounee Purohit BENGALURU (Reuters) – The Indian government will target a lower deficit in the 2024-25 fiscal year despite lifting capital expenditure to an all-time high, according to a Reuters poll of economists who said infrastructure investment would be a priority. Being an election year, when the Bharatiya Janata Party (BJP) …
By Anushree Ashish Mukherjee (Reuters) – Gold firmed on Friday but was poised to record its biggest weekly decline in six, as comments from Federal Reserve policymakers through the week lowered expectations of an early rate cut. Spot gold rose 0.2% to $2,027.49 per ounce by 02:02 p.m. ET (1902 GMT), but was down 1% …
Gold set for biggest weekly fall in six as rate cut optimism dulls Read More »
MUMBAI (Reuters) -India’s market regulator is investigating three initial public offerings (IPOs) for allegedly inflating the number of subscriptions received, its chairperson said at an event on Friday. The Securities and Exchange Board of India (SEBI) is working on measures to curtail such malpractices, Madhabi Puri Buch said at an event in Mumbai, without mentioning …
India’s market regulator probing three IPOs for inflating subscriptions Read More »
By Jayshree P Upadhyay (Reuters) – India’s central bank and market regulator are considering exemptions to recently tightened rules for bank investments in alternate investment funds (AIFs) due to their unintended consequences, three sources with direct knowledge of the matter said. Last month, the Reserve Bank of India (RBI) ruled that banks and non-bank lenders …
Indian regulators mull exemptions for recent AIF investment rules – sources Read More »
By Aditi Shah and Rishika Sadam HYDERABAD, India (Reuters) -Boeing expects no meaningful delays of plane deliveries to India because of the MAX 9 issues even as it intensifies quality scrutiny of its 737 jets production programme, a top company executive said on Friday. An incident where a cabin panel on a 737 MAX 9 jet blew out shortly after …
Boeing sees no delays to plane deliveries to India because of MAX 9 issues Read More »
MUMBAI (Reuters) -The Indian stock market will have a full trading session on Saturday, Jan. 20, the Bombay Stock Exchange said in a circular on Friday. The trading session will take place during regular hours in the equity, securities, lending and borrowing (SLB) and equity derivatives segments, the exchange said. Trading across equities, debt and …
Indian stock market open for trading on Saturday, closed on Monday Read More »
By Shivansh Tiwary BENGALURU (Reuters) – India will not have to wait too long for a Boeing aircraft that is designed and manufactured in the subcontinent, Prime Minister Narendra Modi said at the inauguration of the planemaker’s engineering center in Bengaluru on Friday. The Boeing India Engineering & Technology Center (BIETC) in the capital city …
India PM Modi says won’t be long before Boeing makes aircraft in India Read More »
By Dimpal Gulwani BENGALURU (Reuters) – Indian digital payments firm Paytm posted an operating profit for the fifth consecutive quarter on Friday on account of festive season-led sales. Operating profit, which the company defines as core profit before cost of employee stock-options, was at 2.19 billion rupees for the quarter ended Dec. 31 compared with …
India’s Paytm posts fifth straight operating profit on festive demand Read More »
BENGALURU (Reuters) – India’s Hatsun Agro Product, which sells products under brands such as Arun IceCreams and Arokya Milk, reported its slowest quarterly profit growth in three quarters, hurt by heavy floods in its home state of Tamil Nadu. Last month, cyclone Michaung flooded a large part of the southern Indian state, which is home …
Indian dairy firm Hatsun Agro’s Q3 profit rises 24%, slowest in three quarters Read More »
BENGALURU (Reuters) -India’s UltraTech Cement posted third-quarter profit above Street expectations on Friday, supported by price hikes of its construction materials amid sustained infrastructure demand. Consolidated net profit jumped nearly 68% to 17.77 billion rupees ($214 million) – the highest since the March quarter of 2022. Analysts on average expected profit of 17.3 billion rupees, …
India’s UltraTech tops Q3 profit view on price hikes, infra demand Read More »
