MUMBAI (Reuters) -India has decided to approve wheat and broken rice exports to few selected countries following their requests to allow the shipments of the grains, the government said in two separate notifications issued late on Tuesday. The South Asian country banned exports of wheat and broken rice in 2022 to lower local prices. But …
India approves wheat, broken rice exports requests from 4 countries Read More »
By Bharath Rajeswaran BENGALURU (Reuters) – India’s benchmark Sensex stock index hit a record high on Wednesday while the Nifty 50 inched towards its all-time high, amid persistent foreign inflows into Indian equities backed by the country’s strong macro-economic print. The S&P BSE Sensex hit its all-time high at 63,588.31, before giving up some gains …
India’s Sensex hits all-time high, Nifty 50 eyes record Read More »
By Aftab Ahmed, Trevor Hunnicutt and Aditya Kalra NEW DELHI/WASHINGTON (Reuters) -India’s cabinet has approved U.S. chipmaker Micron Technology’s $2.7 billion plan for a new semiconductor testing and packaging unit, a senior government source said on Tuesday ahead of Prime Minister Narendra Modi’s state visit to the U.S. The government agreed production-linked incentives worth 110 …
India clears $2.7 billion Micron chip testing plant ahead of Modi U.S. visit -source Read More »
By Aditi Shah and Tim Hepher NEW DELHI/PARIS (Reuters) – Record plane orders by India’s top two carriers show the country’s untapped potential for air travel and its rise as an aviation superpower, but recent airline failures and rows over regulations suggest progress may not be smooth. Indian budget airline IndiGo announced at the Paris …
Analysis-Record plane orders raise the stakes in India’s aviation boom Read More »
BENGALURU (Reuters) – IndiGo, India’s largest airline, on Monday placed an order for 500 Airbus narrowbody jets, the largest ever plane deal by number of aircraft, overtaking an earlier deal by rival Air India that was firmed up on Tuesday. Following are the biggest plane deals, by number of aircraft. INDIGO – 500 JETS – …
Factbox-World’s largest commercial jet purchase orders by number of aircraft Read More »
By Siddhi Nayak, M. Sriram and Indranil Sarkar MUMBAI/BENGALURU (Reuters) – BPEA EQT and ChrysCapital will buy a 90% stake in Housing Development Finance Corporation’s education finance arm HDFC Credila for 90.60 billion rupees ($1.11 billion), marking India’s largest-ever private equity (PE) buyout in the financial services sector. The deal comes as more investors bet …
FcBaring EQT, ChrysCapital acquire HDFC’s education loan arm for $1.1 billion Read More »
NEW DELHI (Reuters) -Alphabet Inc’s Google has begun early conversations with domestic suppliers to move some production of its Pixel smartphone to India, Bloomberg News reported on Tuesday, citing people familiar with the matter. Global tech giants are eyeing India as a manufacturing hub, shifting away from China after strict COVID-related restrictions hindered production in …
Google seeks suppliers to move some Pixel production to India – Bloomberg News Read More »
(Reuters) -British asset manager abrdn plc said on Tuesday it sold its entire 10.2% stake in India’s HDFC Asset Management Co Ltd for about 35.47 billion rupees (about $432 million). Abrdn, a part of HDFC AMC’s promoter group, had proposed to sell the stake in a range of 1,800 rupees to 1,892.45 rupees, according to …
UK’s abrdn exits India’s HDFC Asset Management Co in $432 million stake sale Read More »
By Gaurav Dogra and Patturaja Murugaboopathy (Reuters) – Asian bonds attracted their highest monthly foreign inflows in about two years in May, boosted by hopes of less aggressive monetary tightening measures from the U.S. Federal Reserve. Foreigners purchased a net $10.1 billion worth of bonds in India, Indonesia, Malaysia, South Korea and Thailand, marking their …
Foreigners biggest buyers of Asian bonds in two years Read More »
MUMBAI (Reuters) – The Indian rupee declined on Tuesday, weighed by likely dollar outflows and a weaker Chinese currency, traders said. The rupee was quoted at 8.1425 to the dollar by 11:06 a.m. IST, compared with 81.9350 in the previous session. The domestic unit opened at 82.03. “The price action since the open suggests that …
Indian rupee adds to opening losses; traders indicate possible outflow, yuan Read More »
