By Dharamraj Dhutia and Sethuraman N R MUMBAI (Reuters) – The Reserve Bank of India (RBI) may cut interest rates only towards the end of the financial year despite a moderating inflation, Kotak Mahindra Bank’s treasury chief said. “Inflation has come down, but core is not coming down that much. Some of it is base …
India cenbank may cut rates towards fiscal end – Kotak Bank treasury chief Read More »
MUMBAI (Reuters) – India’s “mini-demonetisation”, via the withdrawal of 2000-rupee currency notes, has no monetary policy implications but may have political motivations, said Jefferies’ Chris Wood. In his weekly ‘GREED & Fear’, Wood said the note withdrawal is “officially being rationalised on the anti-corruption angle”. “But there is also a political motivation on the part …
India’s ‘mini-demonetisation’ may have political motivations: Jefferies’ Chris Wood Read More »
By Sethuraman N R and Nimesh Vora MUMBAI (Reuters) – The Indian rupee is expected to open little changed on Friday amid increasing probability of another Federal Reserve rate hike next month and the USD/INR’s failure to move above 82.80, traders said. Non-deliverable forwards indicate the rupee will open barely changed from the previous session’s …
Indian rupee caught between rising Fed rate hike odds and support at 82.80/dollar Read More »
By Jonathan Saul and Nidhi Verma LONDON/NEW DELHI (Reuters) -Lloyd’s Register has told India’s Gatik Ship Management, which has become a major carrier of Russian oil since the Ukraine war, that it will withdraw certification of 21 of its vessels by June 3, the maritime services company told Reuters. It is the latest setback for …
Exclusive-Lloyd’s Register drops ships of top Indian carrier of Russian oil Read More »
By Deep Kaushik Vakil (Reuters) – Gold slid to its lowest in two months on Thursday as optimism around the U.S. debt ceiling talks lowered safe-haven demand for bullion and robust economic data fueled bets of another rate hike by the Federal Reserve. Spot gold was down 0.8% at $1,941.85 per ounce by 2:47 p.m. …
Gold hits 2-month low on US debt talks progress, rate hike bets Read More »
By Aditya Kalra and Arpan Chaturvedi NEW DELHI (Reuters) – Pratt & Whitney has no engines currently available for India’s Go First airline, which also has no rights over them, the counsel for the U.S. firm told a Delaware court on Thursday as the two companies engaged in a raging dispute over the supplies. The …
Pratt & Whitney says India’s Go First has no right over engines Read More »
(Reuters) – India has filed an appeal against a ruling from a panel at the World Trade Organization (WTO) that it violated global trading rules by imposing tariffs on some IT products. The WTO had in April said that India had broken rules in a dispute with the European Union, Japan and Taiwan over import …
India appeals WTO panel report on tech tariff violations Read More »
By Mayank Bhardwaj NEW DELHI (Reuters) – India is likely to harvest a record 112.7 million tonnes of wheat in 2023, the farm ministry said on Thursday, reiterating its previous estimate of 112.2 million tonnes despite lower crop yields due to unseasonal rains in February and March. Earlier this year, torrential rains and hailstorms hit …
India likely to harvest record wheat crop in 2023 despite rains, hailstorms Read More »
By Bharath Rajeswaran BENGALURU (Reuters) -Indian shares advanced on Thursday, led by fast moving consumer goods and realty stocks, while the ongoing U.S. debt talks weighed on sentiment and capped gains. The blue-chip Nifty 50 index closed 0.20% higher at 18,321.15, while the benchmark S&P BSE Sensex rose 0.16% to 61,872.62. Both the benchmarks fell …
FMCG, realty stocks power Indian shares on May series expiry day Read More »
BENGALURU (Reuters) -Indian cookware maker TTK Prestige Ltd reported a 26% drop in fourth-quarter profit on Thursday, hurt by weakened demand for its kitchenware products. The Bengaluru-based company’s consolidated net profit fell to 594.5 million rupees ($7.18 million) in the three months ended March, from 800.2 million rupees a year earlier. Customers, hurt by rising …
India’s TTK Prestige posts drop in Q4 profit as cookware demand weakens Read More »
