Dec 12 (Reuters) – India’s annual retail inflation quickened to 0.71% year-on-year in November, picking up from a record low in October, as the pace of decline in food prices slowed, government data showed on Friday. A Reuters poll had projected retail inflation at 0.7%. The latest print was below the Reserve Bank of India’s …
Instant View: India’s November retail inflation rises to 0.71% Read More »
By Jaspreet Kalra MUMBAI, Dec 12 (Reuters) – The Indian rupee ended little changed after hitting a record low on Friday but notched its second weekly fall in a row as investors continued to fret over prolonged U.S.-India trade deal negotiations. Bankers and analysts expect the currency to keep drifting lower in the near term …
India rupee steadies after hitting record low; drift lower may persist Read More »
By Dharamraj Dhutia MUMBAI, Dec 12 (Reuters) – India’s overnight index swaps and government bond yields have climbed in the past week despite the central bank’s recent rate cut and liquidity injection, as traders grow skeptical about further monetary easing. The higher rates undermine the easy monetary setting, with the Reserve Bank of India slashing …
India fixed-income market defies dovish central bank as rates rise Read More »
Dec 12 (Reuters) – Mercedes-Benz’s India unit will increase the price of its cars by up to 2% starting January due to rising raw material and logistics costs, the luxury carmaker said on Friday. The company said that the euro-rupee exchange rate has traded persistently above the 100 rupee ($1.11) mark this year, increasing operational …
Mercedes-Benz India to hike car prices on rising costs Read More »
Dec 12 (Reuters) – India’s JSW Energy said on Friday it will raise upto 100 billion rupees ($1.11 billion) through an issue of securities, and named insider Chandrasekaran Prabhakaran as its finance chief effective January 1, 2026. ($1 = 90.3600 Indian rupees) (Reporting by Hritam Mukherjee in Bengaluru)
Dec 12 (Reuters) – India’s PNB Housing Finance on Friday appointed Ajai Kumar Shukla as managing director and chief executive officer for five years starting December 18, sending shares of the mortgage lender up 5%. Shukla, who has more than three decades of experience in housing and mortgage lending, will replace Girish Kousgi, who was …
India’s PNB Housing Finance names Ajai Kumar Shukla as MD, CEO; shares rise Read More »
By Ishaan Arora and Rajendra Jadhav Dec 12 (Reuters) – Gold discounts in India widened this week as demand fell despite the wedding season after prices scaled record highs, while Chinese demand remained muted amid volatility and high spot prices. Indian dealers were offering a discount of up to $34 per ounce to official domestic …
India gold discounts widen as prices hit record high; China demand muted Read More »
By Bharath Rajeswaran Dec 12 (Reuters) – India’s equities will fare better in the emerging market pack in 2026 on a recovery in corporate earnings and supportive macro trends after a rare year of underperformance, brokerage Jefferies said on Friday. It set a 2026 year-end target of 28,300 for the broader benchmark Nifty 50, implying …
Jefferies says Indian shares set for better 2026 on earnings, domestic flows Read More »
By Praveen Paramasivam Dec 12 (Reuters) – Orkla India, the owner of the MTR and Eastern spice brands, is eyeing acquisitions to expand its portfolio, and banking on quick-delivery platforms and demand for ready-to-eat meals to drive double-digit revenue growth, its CEO said. Dealmaking in the consumer goods and retail sector has picked up as …
MTR-owner Orkla India eyes deals, bets on quick meals and delivery for growth Read More »
By Jaspreet Kalra MUMBAI, Dec 12 (Reuters) – The Indian rupee hit a record low on Friday, as sentiment remained bogged down by the absence of a trade deal with the U.S. and portfolio outflows, drawing likely intervention by the Reserve Bank of India to curb the fall. The rupee weakened to 90.55 against the …
Rupee hits record low as US trade stalemate drags on, outflows pinch Read More »
