By Nimesh Vora MUMBAI (Reuters) – The Indian rupee dropped on Monday and was poised to record a monthly decline on the back of a central bank that seemingly does not want the currency to appreciate much. The rupee was at 82.2625 to the dollar by 11:02 IST, down from 82.2475 on Friday. The local …
Rupee poised for monthly decline, premiums little changed in July Read More »
NEW DELHI (Reuters) – India has allowed its firms to list on exchanges registered in a new financial hub in the western state of Gujarat, Finance Minister Nirmala Sitharaman said on Friday, to give companies access to easier and cheaper foreign capital. Listed and unlisted companies can list their shares in the International Financial Services …
India lets firms list on Modi’s flagship finance hub to draw foreign capital Read More »
By Mayank Bhardwaj NEW DELHI (Reuters) – Indian farmers have planted 23.7 million hectares with summer-sown rice so far, according to the farm ministry’s latest data, up 1.71% year-on-year, as crucial monsoon rains revived in July and helped farmers accelerate sowing. Higher rice planting in India, the world’s second biggest producer of the grain, will …
India’s rice planting gathers pace as monsoon rains revive Read More »
(Reuters) – India’s market regulator said on Saturday there was no proposal to curb retail participation in equity derivative markets but that it was considering a client risk assessment. Reuters reported on Friday that the Securities and Exchange Board of India (SEBI), seeking to reduce risks for retail investors, would propose linking the amount of …
India regulator says no proposal to curb retail derivatives trades -statement Read More »
By Manoj Kumar NEW DELHI (Reuters) – India and Britain could sign a free trade agreement (FTA) this year as both countries have reached consensus on the broad contours of the proposed deal aiming to boost economic growth and jobs, a top Indian trade ministry official said. “We want to finalise the deal at the …
India, UK could sign trade deal this year -commerce official Read More »
By Brijesh Patel (Reuters) – Gold rose on Friday after a sharp fall one day earlier, helped by a slight retreat in the dollar as signs of cooling U.S. inflation raised bets that the Federal Reserve will likely end its monetary tightening cycle. Spot gold was up 0.75% at $1,959.53 per ounce by 2:15 p.m. …
Gold rebounds as dollar eases amid slowing US inflation Read More »
July 28 (Reuters) – Indian banks’ loans rose 20.2% in the two weeks to July 14 from a year earlier, while deposits rose 13.2%, the Reserve Bank of India’s weekly statistical supplement showed on Friday. Outstanding loans rose 3.73 trillion rupees ($45.33 billion) to 147.64 trillion rupees in the two weeks to July 14. Non-food …
Indian banks’ loans rose 20.2% y/y in two weeks to July 14 – central bank Read More »
BENGALURU (Reuters) -India’s aviation regulator has fined Indigo Airlines over deficiencies in documentation and operations in a special audit after a series of tail strike incidents on the carrier’s A321 aircraft this year, the civil aviation ministry said on Friday. The Directorate General of Civil Aviation (DGCA) has levied a penalty of 3 million rupees …
India regulator fines IndiGo for deficiencies after tail strike cases Read More »
BENGALURU (Reuters) – India’s United Breweries Ltd reported a 15.8% fall in June-quarter profit on Friday, dragged by higher excise duty and costs. The liquor maker, partly owned by the Dutch brewer Heineken NV, said its standalone profit fell to 1.36 billion rupees ($16.5 million) in the quarter ended June 30 from 1.62 billion rupees …
Kingfisher beer maker United Breweries posts 16% slump in first-quarter profit Read More »
BENGALURU (Reuters) -Indian Oil Corp Ltd (IOC) reported a first-quarter profit on Friday, as the country’s top refiner benefited from higher fuel sales and marketing margins. The state-owned company’s net profit was 137.50 billion rupees ($1.67 billion) for the quarter ended June 30, compared with a loss of 19.93 billion rupees, a year earlier. IOC …
Indian Oil Corp swings to Q1 profit on higher marketing margins Read More »
