By Shivangi Acharya and Manoj Kumar NEW DELHI (Reuters) – India’s merchandise exports rose 9.1% to $38.13 billion in May from a year earlier, helped by an increase in shipments of engineering goods, commercial vehicles and smartphones, government data showed on Friday. Merchandise imports in the same month rose 7.7% year-on-year to $61.91 billion – …
India’s May exports up 9.1% y/y as outlook improves Read More »
By Aditi Shah and Shivansh Tiwary DUBAI/NEW DELHI (Reuters) – Global airlines are launching new flights and expanding schedules in India, betting the South Asian giant will become one of the hottest travel markets over the next decade, airline officials and analysts say. India, among the fastest-growing major aviation markets, took centre stage at the …
NEW DELHI (Reuters) -India’s wholesale prices rose 2.61% in May, the most in more than a year, mainly driven by food items, government data showed on Friday. May inflation was higher than the 2.5% expected by economists polled by Reuters and up from 1.26% in April. Food prices rose 7.4% on year compared with an …
India’s May wholesale prices rose 2.61% Y/Y, most in over a year Read More »
(Reuters) -German carmaker Mercedes-Benz on Thursday confirmed its investment plan for India of $24 million in 2024, adding that expanding that sum would depend on market conditions. The comments come after Uday Samant, Industries minister of Maharashtra, said in a post on X that Mercedes-Benz would invest 30 billion rupees ($360 million) in the Indian …
Mercedes-Benz sticks to $24 million investment plan for India in 2024 Read More »
By Rahul Paswan and Harshit Verma (Reuters) – Gold prices extended losses to over 1% on Thursday after cooler-than-expected U.S. producer price data with analysts attributing the price drop to profit-taking. Spot gold was down 0.9% at $2,302.13 per ounce as of 2:35 p.m. ET (1832 GMT). U.S. gold futures settled 1.5% lower at $2,363.1. …
Gold extends decline after US producer prices data Read More »
By Aditya Kalra and Arpan Chaturvedi NEW DELHI (Reuters) -India’s Rajasthan state has told the federal government it found some spices of popular brands MDH and Everest “unsafe” for consumption after tests, a letter shows, as local and global scrutiny of the brands for alleged contamination intensifies. Hong Kong in April suspended sales of three …
India’s Rajasthan finds some MDH and Everest spices unsafe for consumption Read More »
By Kashish Tandon and Bharath Rajeswaran BENGALURU (Reuters) -Indian shares logged record closing highs on Thursday, amid a global rally after softer-than-expected U.S. inflation data bolstered expectations that the Federal Reserve would cut rates sooner rather than later. The NSE Nifty 50 settled 0.33% higher at 23,398.90, recording an all-time closing high for the third …
IT leads Indian shares to record closing highs on US rate outlook Read More »
By Nivedita Bhattacharjee BENGALURU (Reuters) – A joint venture between Reliance Industries’ Jio Platforms and Luxembourg-based SES to provide gigabit fibre internet has won approval from the Indian space regulator to operate satellites there, a government executive said. The three approvals issued to Orbit Connect India – which aims to provide satellite-based high-speed internet access …
Reliance’s Jio Platforms clears hurdle in bid to launch satellite internet in India Read More »
By Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee was nearly flat on Thursday, as dollar demand from local corporates offset the impact of gains in Asian currencies after a softer-than-expected U.S. inflation print pushed Treasury yields lower. The rupee was at 83.53 against the U.S. dollar as of 10:30 a.m. IST, barely changed from …
Rupee little changed as importer dollar bids counter fall in US bond yields Read More »
By Jaspreet Kalra and Dharamraj Dhutia MUMBAI (Reuters) – Investors are likely to await clarity on India’s fiscal consolidation path in the forthcoming government budget before propelling the next leg of a bond market rally, a top Citi India executive said. The benchmark bond yield was at 6.99%, down 19 basis points so far in …
India bond market to wait for fiscal roadmap clarity before next rally, says Citi Read More »
