NEW DELHI (Reuters) – Indian state fuel retailers have raised the purchase price of ethanol made from maize by 5.79 rupees a litre to 71.86 rupees ($0.8635) per litre to encourage its production for blending with gasoline, local media reported. India is promoting the use of maize as an alternative to sugar to boost ethanol …
India state fuel retailers raise maize ethanol purchase price -local media Read More »
BENGALURU (Reuters) -Dabur India said on Thursday it expects mid- to high-single-digit growth in its consolidated revenue for the third quarter ended Dec. 31, as demand for its consumer goods in rural areas continued to lag urban regions and pricing growth remained subdued. The company reported a 3.4% revenue growth in the Dec quarter a year …
Dabur India sees mid- to high-single-digit Q3 revenue growth Read More »
MUMBAI (Reuters) – India’s largest private port operator Adani Ports and Special Economic Zone plans to raise funds totalling 5 billion rupees ($60.08 million) through two bonds, one maturing in five years and the other in 10 years, three bankers said on Thursday. The company, which will tap the market for the first time since …
Adani Ports to tap bond market for first time in more than two years – bankers Read More »
By Rupam Jain and Sumit Khanna GANDHINAGAR, India (Reuters) -India’s Gujarat state is in talks with chipmakers in Japan, South Korea and the United States for investments in the state, its top minister said on Thursday, in pursuit of India’s ambitions of becoming a chipmaker for the world. Semiconductor manufacturing is one of Prime Minister …
India’s Gujarat holding talks with Japan, US firms as Modi eyes chipmaking hub Read More »
By Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee ended slightly stronger on Thursday, aided by dollar inflows, even as most of its Asian peers were on the back foot as investors moderated their expectations of early U.S. rate cuts this year. The rupee ended at 83.23 against the U.S. dollar, higher by 0.05% compared …
Rupee closes slightly higher supported by dollar inflows Read More »
By Bharath Rajeswaran and Manvi Pant BENGALURU (Reuters) -India’s benchmark indexes bounced back after a two-session drop on Thursday, led by financials on strong business updates and energy stocks on investment plans. The blue-chips NSE Nifty 50 index climbed 0.66% to 21,658.60 points, while the S&P BSE Sensex added 0.69% to 71,847.57 points. “Expect markets …
Financials, energy lead rebound in Indian shares after two-session fall Read More »
By Jaspreet Kalra MUMBAI (Reuters) – Indian banks disbursed some employee benefits through the digital rupee in December, helping the Reserve Bank of India meet its target of one million daily transactions by end-2023, three sources directly familiar with the development said. The central bank digital currency (CBDC), called the e-rupee, has been devised as …
India’s digital currency transactions top 1 million/day in Dec -sources Read More »
By Bharath Rajeswaran BENGALURU (Reuters) – Foreign portfolio investors (FPI) made record monthly purchases of Indian equities totalling 661.35 billion rupees ($8 billion) in December, National Securities Depository data showed. The record buying propelled India’s stock benchmarks, Nifty 50 and Sensex, to fresh all-time highs. FPIs bought shares worth 427.33 billion rupees in the first …
Record monthly FPI buying in December drives India’s Nifty 50 to record highs Read More »
By Neha Arora NEW DELHI (Reuters) – India plans to form a consortium of state-owned companies to facilitate coking coal imports to help domestic steel companies tide over shortages, two government sources said. Stung by lower supplies and higher prices of coking coal, leading Indian steel companies have petitioned the government to help boost …
India plans state-backed consortium for coking coal imports -sources Read More »
NEW DELHI (Reuters) – The Indian government will likely exceed its fiscal year target for dividends from state-run companies by at least 120 billion rupees ($1.4 billion), partly offsetting an expected shortfall from share sales, a government source aware of the matter said on Thursday. The dividend receipts could range from 550 billion rupees to …
