Reuters India Business

NEW DELHI (Reuters) – The Indian government’s chief economic advisor called in a paper published on Thursday for reforms to the way credit ratings agencies assign sovereign ratings, saying their present methodologies are biased towards advanced economies. V Anantha Nageswaran argued in the paper – co-authored by Rajiv Mishra, also a senior government adviser – …

India’s economic adviser calls for review of sovereign ratings methods Read More »

By Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee ticked up slightly on Friday aided by a rise in most Asian currencies, as the dollar index lingered near its lowest level since August. The rupee was at 83.25 as of 10:50 a.m. IST, up slightly from its close at 83.2775 in the previous session. The …

Rupee marginally strengthens aided by uptick in its Asian peers Read More »

By Bharath Rajeswaran BENGALURU (Reuters) -India’s benchmark Nifty and Sensex indexes rose on Friday, extending their recovery after a fall earlier this week, led by metals on a subdued U.S. dollar. The blue-chip NSE Nifty rose 0.35% to 21,329 points, while the S&P BSE Sensex added 0.28% to 71,060.65, as of 10:24 a.m. IST. Metals …

Metals power recovery in Indian shares after Wednesday’s slip Read More »

By Krishna N. Das NEW DELHI (Reuters) – India is close to finishing an investigation into a “comprehensive and exhaustive” complaint that a state drug regulator, in return for a bribe, helped switch samples of cough syrups linked to the deaths of children in Gambia before the samples were tested in India, the investigator told …

Exclusive-India probe into bribery claim in toxic syrup tests nears completion Read More »

JAKARTA (Reuters) – Indonesia’s PResident Joko Widodo said on Friday his government has secured rice import commitments from India and Thailand to shore up supply for 2024. He said the country’s food procurement agency Bulog has signed an initial deal for 1 million metric tons from India, while from Thailand, Indonesia has secured a commitment …

Indonesia secures rice import commitments from India, Thailand Read More »

BENGALURU (Reuters) – Indian e-commerce firm Flipkart’s biggest shareholder Walmart is set to infuse about $600 million in a new fundraise for the startup, a Flipkart spokesperson said on Thursday. Flipkart is in talks to raise a total of $1 billion in fresh funds, the Economic Times reported earlier in the day, citing people with …

India’s Flipkart to get $600 million from Walmart under new fundraise Read More »

By Nimesh Vora MUMBAI (Reuters) – The Indian central bank’s spot purchase and sale of dollars in October was one-sixth of the total forex trading volume, data analysed by Reuters showed, a factor that analysts said was instrumental in the rupee’s depressed volatility. The Reserve Bank of India (RBI) purchased $36.7 billion and sold $37 …

India cenbank intervention in October balloons to a sixth of fx turnover Read More »