Reuters India Business

By Swati Bhat MUMBAI (Reuters) – The Indian rupee weakened past the 76 per dollar mark on Friday to touch its lowest level since mid-December, as the deepening crisis in Ukraine pushed Asian shares toward 16-month lows, with traders watching out for potential central bank intervention. The partially convertible rupee was trading at 76.16/17 per …

Indian rupee hits 2-1/2-month low as Ukraine crisis grows; RBI in focus Read More »

MUMBAI (Reuters) – The National Stock Exchange (NSE) of India, the country’s largest bourse, began a search on Friday for a new chief executive as it grapples with accusations of governance lapses that have long delayed an initial public offering (IPO). The effort comes after the market regulator penalised former chief executive Chitra Ramkrishna, among …

India’s top bourse NSE seeks new chief amid suspected governance lapses Read More »

BENGALURU (Reuters) -The initial public offering of India’s state-run Life Insurance Corp (LIC) is set to be delayed to next financial year due to market volatility triggered by Russia’s invasion of Ukraine, Bloomberg News reported https://bloom.bg/3tw2Hgn, citing sources. In what will be the biggest stock offering in India, the government has plans to raise about …

India’s LIC IPO set to be delayed to next fiscal year – Bloomberg News Read More »

BENGALURU (Reuters) – Growth in India’s dominant services industry picked up less than expected in February despite an easing of COVID-19 restrictions, a private survey showed, while price pressures led firms to shed jobs at the quickest pace since July. Those inflationary effects will likely intensify as the survey was conducted before Russia’s invasion of …

Growth in India’s services activity picked up in Feb Read More »

By Shrutee Sarkar and Milounee Purohit BENGALURU (Reuters) – Indian house prices will rise this year and next at a faster pace than predicted just three months ago, supported by the economic recovery from the pandemic, according to a Reuters poll of property analysts. Once a bright spot in India’s economy, the housing sector was …

India house price rises to pick up pace in 2022: Reuters poll Read More »

By Nidhi Verma and Nupur Anand NEW DELHI/MUMBAI (Reuters) – Indian refiner Nayara Energy, part-owned by Russian oil giant Rosneft, could find it harder to raise funds for expansion as a result of Western sanctions in response to Russia’s invasion of Ukraine, sources with direct knowledge of the matter said. “We are cautious even if …

India refiner Nayara to find funding harder due to Rosneft link -sources Read More »

By Brijesh Patel (Reuters) – Palladium extended gains to a more than seven-month high on Thursday, spurred by concerns over supply shortages following harsh sanctions on top-producer Russia, while the Ukraine crisis and soaring inflation lifted demand for safe-haven gold. Palladium, used by automakers in catalytic converters to curb emissions, rose 3% to $2,748.86 by …

Supply woes lift Palladium to 7-month peak, gold firms on Ukraine crisis Read More »

By Bharat Gautam (Reuters) – Palladium raced to an over seven-month peak on Thursday in a rally sparked by concerns over supply from top producer Russia, while a relatively less hawkish Federal Reserve and safe-haven demand due to the Ukraine crisis boosted gold prices. Spot prices of palladium, used by automakers in catalytic converters to …

Palladium scales 7-month peak, gold firms as Ukraine crisis rages on Read More »