Reuters India Business

By Nimesh Vora MUMBAI (Reuters) – The Indian rupee is expected to open lower on Thursday after U.S. retail sales fell less than expected, helping the dollar recover from a plunge fuelled by softer-than-expected inflation data. Non-deliverable forwards indicate rupee will open at around 83.20 to the U.S. dollar compared with its previous close of …

Rupee back under pressure after US data helps dollar recover Read More »

By Aditya Kalra NEW DELHI (Reuters) – The entertainment unit of India’s Reliance has signed a deal with The Pokemon Company to show children’s shows and movies on its platform, two people with knowledge of the deal said, its latest bid to boost content amid a domestic rivalry with the Walt Disney Co and other …

India’s Reliance JioCinema signs up Pokemon in kids entertainment push-sources Read More »

BENGALURU (Reuters) -India’s central bank on Wednesday barred Bajaj Finance, one of India’s largest consumer lenders, from issuing loans under two products with immediate effect, due to deficiencies in adhering to digital lending guidelines. Bajaj Finance did not issue key information to borrowers under the eCOM and Insta EMI Card lending products, the Reserve Bank …

India cenbank stops Bajaj Finance from issuing loans under two products Read More »

NEW DELHI (Reuters) – Food inflation in India remains above New Delhi’s “comfort” level despite retail inflation easing in October, a government official said on Wednesday. India’s retail inflation eased in October to a four-month low of 4.87%, edging closer to the central bank’s target of 4%, which it has said needs to be firmly …

India’s food inflation remains above ‘comfort’ level – official Read More »

NEW DELHI (Reuters) – India’s merchandise trade deficit in October stood at $31.46 billion, according to a Reuters calculation based on export and import data released by the government on Wednesday. Economists had expected the country’s October trade deficit to be $20.50 billion, according to a Reuters poll. Merchandise exports stood at $33.57 billion, while …

India’s merchandise trade deficit at $31.46 billion in October Read More »

By Bharath Rajeswaran and Kashish Tandon BENGALURU (Reuters) -Index provider MSCI raised India’s weightage in its Global Standard (Emerging Markets) index to 16.3% from 15.9% on Tuesday, a move likely to increase the flow of foreign funds after a two-year lull. This marks “a significant increase over the past three years, almost doubling its weight,” …

India’s weightage rise in MSCI Global index to boost foreign inflows after two years Read More »

BERLIN (Reuters) – Siemens AG said on Wednesday that intends to buy an 18% share from Siemens Energy in their Indian joint venture Siemens Ltd for 2.1 billion euros ($2.28 billion), reflecting a discount of 15% on the average price. “The purchase price reflects a customary discount of 15% on the 5-trading-days volume-weighted average price …

Siemens AG to buy Siemens Energy’s stake in Indian JV at 15% discount Read More »

By Bharath Rajeswaran BENGALURU (Reuters) -Indian shares advanced on Wednesday mirroring global stocks after softer-than-expected U.S. inflation data strengthened hopes of an end to the rate-hiking cycle in the world’s largest economy. The NSE Nifty 50 index was up 0.93% at 19,623.85 as of 9:54 a.m. IST, while the S&P BSE Sensex rose 0.89% to …

Indian shares up as soft US inflation data sparks global rally Read More »