Reuters India Business

By Siddhi Nayak and Swati Bhat MUMBAI (Reuters) – Indian financial markets are unlikely to see large volatility due to the inclusion of the country’s government bonds in a key J.P.Morgan bond index, Reserve Bank of India Governor Shaktikanta Das said on Tuesday. Last month, J.P.Morgan said it would include India in its widely tracked …

India markets unlikely to see large volatility due to global bond index inclusion-Das Read More »

BENGALURU (Reuters) -India’s Bharti Airtel on Tuesday reported a steep drop in second-quarter profit, hurt by a one-time charge, but its revenue rose as it added more 4G and 5G subscribers. Consolidated net profit fell to 13.41 billion rupees ($161.1 million) for the quarter ended Sept. 30, from 21.45 billion rupees a year ago. The …

India’s Bharti Airtel Q2 profit drops on one-time charge Read More »

By Aditya Kalra NEW DELHI (Reuters) – The chief executives of Air India and Akasa Air have privately exchanged barbs over the poaching of pilots, with the latter accusing its bigger rival of rule violations, provoking a reply that collusion to curb job switching can breach competition law. The exchange, detailed in a Sept. 21 …

Chief executives of Air India, Akasa joust over poaching of pilots Read More »

BENGALURU (Reuters) – Indian Oil Corp Ltd (IOC) reported a profit for the second-quarter on Tuesday, compared to a loss year ago, as the country’s top refiner benefited from higher refining margins. The state-owned company posted a net profit of 129.67 billion rupees ($1.56 billion) for the quarter ended Sept. 30, compared with a loss …

Indian Oil posts Q2 profit vs yr-ago loss on strong refining margins Read More »

By Rajendra Jadhav MUMBAI (Reuters) – Gold prices near record highs could dampen demand in India during the peak festival season and lead to the lowest purchase volumes in three years, the World Gold Council (WGC) said on Tuesday. India is the world’s second-largest gold consumer, and a drop in purchases could limit a rally …

Indian gold demand loses lustre in peak festive season as prices rally Read More »

By Bharath Rajeswaran BENGALURU (Reuters) -Indian blue-chips fell on Tuesday, hit by the broader Asian weakness and a drop in IT stocks and were set for their worst month this year due to high U.S. interest rates and oil prices, the Middle East conflict and persistent foreign investors sales. The NSE Nifty 50 was down …

India’s Nifty 50 set for worst month in 2023 as IT stocks add to woes Read More »

BENGALURU (Reuters) -Shares of Tata Motors rose as much as 2% in early trade on Tuesday, before trimming some gains, a day after the company was awarded 7.66 billion rupees ($92.00 million) to compensate for its investment in the Singur plant in West Bengal. A three-member arbitral tribunal said Tata Motors was entitled to recover …

Tata Motors rises after court awards compensation for West Bengal investment Read More »