Reuters India Business

BENGALURU (Reuters) – Indian passenger vehicle (PV) wholesales rose 13.5% in May, data from the Society of Indian Automobile Manufacturers (SIAM) showed on Tuesday, indicating a build-up of stocks amid worries of muted retail demand. Carmakers sold 334,247 PVs in the month, compared to 294,392 units a year before, according to SIAM, which tracks sales …

India’s May passenger vehicle wholesales jump shows inventory build-up Read More »

(Corrects June 12 story to change name of economist in second comment after ICRA corrected statement) (Reuters) -India’s annual retail inflation cooled to a more than two-year low of 4.25% in May as cost pressures on food eased, government data showed on Monday. A Reuters poll of 45 economists had predicted the consumer price index …

India’s retail inflation eases to 4.25% in May (June 12) Read More »

By Nimesh Vora MUMBAI (Reuters) – The Indian rupee was little changed on Tuesday, while forward premiums dropped ahead of the highly anticipated U.S. inflation data. The rupee was quoting at 82.4250 to the dollar by 10:42 a.m. IST, largely unchanged from the previous session’s 82.43. Data due Tuesday is expected to show that the …

Rupee directionless, premiums decline before US inflation data Read More »

By Bharath Rajeswaran BENGALURU (Reuters) -Indian shares advanced on Tuesday, with the broader midcap index hitting a fresh record on improved sentiment after data showed domestic retail inflation cooled in May. The blue-chip Nifty 50 index was up 0.51% at 18,697.35 as of 10:27 a.m. IST, while the benchmark S&P BSE Sensex rose 0.54% to …

Indian shares rise on easing domestic inflation, Fed pause hopes Read More »

BENGALURU (Reuters) -Shares of India’s Zee Entertainment fell nearly 7% on Tuesday, a day after the markets regulator barred its promoters from holding board positions in any listed company for one year, potentially delaying its merger with a unit of Sony. The Securities and Exchange Board of India (SEBI) on Monday said that Zee group …

India’s Zee shares fall as Sony merger delay worries resurge after SEBI promoter ban Read More »

(Reuters) – The Securities and Exchange Board of India (SEBI) on Monday barred Zee Entertainment’s Subhash Chandra and Punit Goenka from the boardrooms of listed companies for a year, according to an order published on the regulator’s website. The SEBI said in its order that Chandra, former chairman of Zee, and Goenka, managing director and …

India’s market regulator bars Zee’s Chandra, Goenka from company boards Read More »

NEW DELHI (Reuters) -India has imposed a limit on the amount of wheat stocks traders can hold in an effort to bring down prices, food secretary Sanjeev Chopra told reporters on Monday. The world’s second biggest wheat producer will also provide 1.5 million tonnes of wheat to bulk consumers such as flour millers, as part …

India imposes wheat stock limit to arrest price rise Read More »

By Ron Bousso and Mohi Narayan LONDON (Reuters) -Reliance Industries, which operates the world’s largest refining complex, has suspended exports of diesel and other oil products from India’s Sikka port because of a cyclone off the west coast of the country, traders said on Monday. Reliance said in a letter sent to traders that it …

Reliance suspends Sikka diesel exports due to cyclone -traders Read More »