By Swati Bhat and Sudipto Ganguly MUMBAI (Reuters) -India’s central bank on Friday raised its fiscal year growth forecast on the back of a robust economy and flagged continuing tight monetary policy while it keeps watch over inflation risks. The Reserve Bank of India expects the economy to expand 7% in the current fiscal year …
India holds rates amid buoyant growth, to monitor inflation Read More »
By Dharamraj Dhutia MUMBAI (Reuters) – The Reserve Bank of India’s (RBI) move to allow banks more flexibility in managing funds over weekends and on holidays will help reduce volatility in overnight rates, several traders said on Friday. The central bank governor while announcing the RBI’s monetary policy review said starting Dec. 30, it will …
India cenbank’s liquidity framework tweak to lower overnight rate volatility – traders Read More »
(Reuters) -India is moving to set up same-day market settlement before the end of fiscal year ending March 2024 and subsequently to instantaneous settlement a year later, the chairperson of country’s markets regulator said on Friday. Currently trades in India are settled in “T+1” or one day after the trades are initiated. T+0 would mean …
India to move to same-day market settlement before fiscal year end – regulator Read More »
(Reuters) – The Indian central bank’s key lending rate was held steady on Friday with inflation control remaining a major focus amid expectations of a spike in food prices in coming months and better than expected economic growth. The six-member monetary policy committee (MPC), consisting of three Reserve Bank of India (RBI) and three external …
India cenbank keeps key rate unchanged as focus on inflation remains Read More »
By Swati Bhat and Sudipto Ganguly MUMBAI (Reuters) -The Indian central bank’s key lending rate was held steady on Friday as growth in the world’s fastest growing major economy is resilient and the outlook for inflation remains uncertain. The six-member monetary policy committee (MPC), consisting of three RBI and three external members, kept the repo …
India keeps key rate unchanged on strong growth, inflation risks Read More »
By Anushree Ashish Mukherjee and Deep Kaushik Vakil (Reuters) – Gold firmed on Thursday on a weaker dollar in the run-up to U.S. non-farm payrolls data, as traders hoped for signs of a weaker labour market to boost chances of a rate cut by the Federal Reserve as early as March. Spot gold edged up …
Gold firms as dollar dips ahead of US payrolls report Read More »
BENGALURU (Reuters) – Japan’s SoftBank is seeking to sell a 1.1% stake in the Indian food delivery platform Zomato through a block deal worth 11.28 billion rupees ($135.36 million), CNBC-TV18 reported on Thursday, citing sources. The floor price for Zomato’s shares is set at 120.50 rupees apiece, the report added, a near 1% discount to …
SoftBank seeks to offload shares worth $135 million in India’s Zomato – CNBC-TV18 Read More »
By Aditi Shah and Aditya Kalra NEW DELHI (Reuters) – Tata Motors is pressing Indian officials not to lower import taxes of 100% on electric vehicles and to protect domestic industry and its investors, as the government reviews Tesla’s plans to enter the market, people with direct knowledge said. As India tries to boost domestic …
Tata Motors lobbies India not to lower EV import taxes as Tesla looms-sources Read More »
By Bharath Rajeswaran BENGALURU (Reuters) -India’s benchmark indexes fell on Thursday after rallying for seven consecutive sessions, as investors took a breather a day before the Reserve Bank of India’s (RBI) monetary policy decision. The NSE Nifty 50 index shed 0.17% to 20.901.15, while the S&P BSE Sensex declined 0.19% to 69,521.69. Consumer stocks led …
Indian shares break recent rally to settle lower ahead of RBI policy Read More »
BENGALURU (Reuters) -India’s troubled domestic airline SpiceJet is likely to raise 10 billion rupees-12 billion rupees ($120 million-$144 million) in fresh capital to pay pending salaries and revive its grounded fleet of 25 aircrafts, local TV channel ET Now reported on Thursday. The budget carrier will consider raising capital through an issue of equity shares …
India’s SpiceJet likely to raise $120 million-$144 million fresh capital – ET Now Read More »
