Reuters India Business

LONDON (Reuters) -The British government on Monday approved Indian group Bharti Global’s purchase of a 24.5% stake in London-listed BT, following a detailed national security assessment and assurances from the telecoms company. The purchase of the shares, worth 3.2 billion pounds, was made from the previous top investor, Patrick Drahi’s Altice, under the terms set …

UK approves Indian group Bharti’s purchase of 24.5% stake in BT Read More »

By Hritam Mukherjee and Kashish Tandon (Reuters) -Indian shares slipped on Tuesday, on across-the-board selling as investors braced for the Federal Reserve’s monetary policy meeting for clues on its rate cut path next year. The NSE Nifty 50 fell 1.35% to 24,336 points as of 3:30 p.m. IST, while the BSE Sensex declined 1.3% to …

Indian shares slump on caution before Fed meeting Read More »

By Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee weakened to its lifetime low on Tuesday, hurt by concerns about a widening trade deficit and likely outflows from local equities, although intervention by the central bank capped losses. The rupee hit a low of 84.93 against the U.S. dollar, before closing at 84.8950, down 0.04% …

Rupee hits record low on widening trade deficit, weakness in local equities Read More »

By Nimesh Vora MUMBAI (Reuters) – The Reserve Bank of India (RBI) likely intervened to support the rupee after the currency slipped to an all-time low on Tuesday amid worries over a sizeable widening of the Asian nation’s trade deficit. The rupee, having dropped to a record low of 84.92, was last at 84.9125 to …

India cenbank likely steps in as trade deficit woes push rupee to record low Read More »