Reuters India Business

By Bharath Rajeswaran and Sethuraman N R MUMBAI/BENGALURU (Reuters) -India’s equity benchmarks have rebounded from election result day losses as domestic investors piled on shares after an unexpected slim majority for Prime Minister Narendra Modi-led alliance led to hefty sales by overseas investors. The blue-chip S&P BSE Sensex and NSE Nifty 50 were back at …

Indian shares recoup election result day losses as local buying tempers foreign sales Read More »

MUMBAI (Reuters) – India’s central bank is assessing whether further measures would be needed to slow down the growth in banks’ lending towards unsecured loans and non-banking finance companies (NBFC), Governor Shaktikanta Das said on Friday. The Reserve Bank of India (RBI), has warned lenders against “all forms of exuberance” due to worries about the …

India assessing need for more measures to slow unsecured lending, cenbank chief says Read More »

By Shivansh Tiwary and Nandan Mandayam NEW DELHI (Reuters) -India’s airports are likely to report strong pre-tax profit growth in the fiscal year ended 2025, a top consultancy said on Friday, as demand for air travel stays robust and the country aims to become a major global aviation hub. The airport industry’s pre-tax profit will …

Indian airports’ FY25 profit to grow 35% on strong demand, says CAPA India Read More »

By Swati Bhat and Sudipto Ganguly MUMBAI (Reuters) -The Reserve Bank of India (RBI) kept its key interest rate unchanged on Friday in a widely expected move, saying robust economic growth will give it space to focus on bringing down inflation towards its medium-term target of 4%. The central bank raised its economic growth outlook …

India’s central bank holds rates, raises growth outlook Read More »

(Reuters) – The Reserve Bank of India (RBI) kept its key interest rate unchanged on Friday in a widely expected move as robust economic growth continues to provide space to focus on bringing down inflation towards its medium-term target of 4%. The Monetary Policy Committee (MPC), which consists of three RBI and three external members, …

Instant view: India cenbank holds rates as widely expected Read More »

MUMBAI (Reuters) – India’s foreign exchange reserves hit a record high of $651.5 billion as of May 31, the governor of the central bank said on Friday. “India’s external sector remains resilient and the key external vulnerability indicators continue to improve,” Shaktikanta Das said while announcing the latest interest rate decision. “Overall, we remain confident …

India’s forex reserves hit record high of $651.5 billion as of May 31 Read More »

By Shivansh Tiwary and Aditi Shah NEW DELHI (Reuters) -Saudia Group is in talks with Airbus and Boeing over ordering wide-body jets to increase its capacity as planemakers face constraints in production slots of narrow-body aircraft, a spokesperson for the group told Reuters. The state-owned group, which owns Saudia Airlines and budget carrier Flyadeal, last …

Saudia turns to Airbus, Boeing wide-body jets amid single-aisle shortage Read More »

NEW DELHI (Reuters) -India’s opposition Congress leader Rahul Gandhi has demanded an investigation into sharp stock market moves towards the end of the just-ended national elections, alleging on Thursday that Prime Minister Narendra Modi gave misleading investment advice. Modi’s alliance won the vote with a far smaller majority than the landslide forecast by exit polls …

India’s opposition leader seeks probe into stock market moves during election Read More »