By Bharath Rajeswaran BENGALURU (Reuters) -India’s benchmark indexes Nifty 50 and Sensex rose on Thursday, led by energy stocks and tracking a rebound in their Asian peers, as investors awaited key U.S. inflation reading for cues on interest rates. The blue-chip NSE Nifty 50 added 0.19% to 21,659.10 points, while the S&P BSE Sensex gained …
Energy leads rise in Indian shares ahead of US inflation data Read More »
By Aftab Ahmed and Nikunj Ohri NEW DELHI (Reuters) – India is planning to lower its budget deficit by at least 50 basis points in 2024/25 from this year’s target of 5.9% of gross domestic product (GDP), while also looking to raise capital spending by as much as 20%, two government officials said. Shrinking the …
By Arpan Chaturvedi and Mayank Bhardwaj NEW DELHI (Reuters) -An Indian court has effectively quashed a decision that removed PepsiCo Inc’s patent for the potato variety used to make its popular Lay’s potato chips. India’s Protection of Plant Varieties and Farmers’ Rights (PPVFR) Authority in 2021 revoked the intellectual protection for the U.S. snacks and …
PepsiCo wins appeal against Indian attempt to remove potato patent Read More »
By Aditi Shah, Shivangi Acharya and Sarita Chaganti Singh NEW DELHI (Reuters) -India’s trade department has backed lowering taxes on hybrid vehicles to help the transition to cleaner energy sources, following demands by Japanese car makers, five government and industry sources told Reuters. The move could irk some local carmakers. India’s combined sales and additional …
India trade department backs lower tax on hybrid cars in green push- sources Read More »
By Anushree Ashish Mukherjee (Reuters) – Gold prices eased on Wednesday ahead of U.S. inflation data that could shape the Federal Reserve’s outlook on interest rate cuts this year, although a softer dollar kept a floor under prices. Spot gold was down 0.4% at $2,021.39 per ounce by 2:25 p.m. ET (1925 GMT). U.S. gold …
Gold subdued as traders gear up for US inflation print Read More »
By Aditya Kalra and Krishn Kaushik GANDHINAGAR, India (Reuters) – Ukrainian leaders pitched for India to help rebuild its war-ravaged economy on Wednesday at a business summit organised by India primarily to seek inward global investment. Suggesting that Ukraine’s recovery would be “a win-win for Ukraine and international partners,” Kyiv’s deputy economy minister Volodymyr Kuzyo …
Ukraine seeks Indian investments to reconstruct war-hit economy Read More »
By Aditi Shah, Dhwani Pandya and Sumit Khanna GANDHINAGAR, India (Reuters) – India’s Prime Minister Narendra Modi touted his country’s economic prospects at a business summit in his home state of Gujarat on Wednesday as several big firms unveiled investment plans worth nearly $33 billion. His pitch comes just months before national elections, in which …
India’s Modi woos investors at business summit as firms make spending pledges Read More »
By Siddhi Nayak MUMBAI (Reuters) – The Indian rupee recouped early losses to end higher for a sixth consecutive session on likely foreign inflows. The rupee settled at 83.0350 against the U.S. dollar, its highest closing level since Dec. 15, against its close of 83.1150 in the previous session. The local unit opened lower and …
Rupee extends rising streak into sixth day on dollar inflows Read More »
By Neha Arora NEW DELHI (Reuters) – India’s federal Ministry of Steel has no immediate plans to seek higher taxes on imported steel even though the country has become a net importer of the alloy due to rising shipments from overseas, particularly China, a senior government source said. India’s top steel producers have asked …
India’s steel ministry not seeking higher import taxes -govt source Read More »
GANDHINAGAR, India (Reuters) – Indian conglomerate Adani Group will invest 2 trillion rupees ($24 billion) in five years in the green energy and renewable energy sectors in the western state of Gujarat, its chairman Gautam Adani said on Wednesday at an investment summit. ($1 = 83.1740 Indian rupees) (Reporting by Aditya Kalra, Dhwani Pandya; Writing …
India’s Adani to invest $24 billion in Gujarat in five years Read More »
