Reuters India Business

By Bharath Rajeswaran BENGALURU (Reuters) – BofA Securities said on Thursday that investors in Indian equities should book their profits as it expects the benchmark Nifty 50 index to dip slightly at the year-end due to a U.S. recession and weaker-than-expected domestic corporate earnings. The Nifty 50 has inched up 0.36% to 18,170 points so …

Book profits in Indian equities as U.S. recession imminent – BofA Securities Read More »

By Aftab Ahmed and Swati Bhat NEW DELHI/MUMBAI (Reuters) – India and Russia have suspended efforts to settle bilateral trade in rupees, after months of negotiations failed to convince Moscow to keep rupees in its coffers, two Indian government officials and a source with direct knowledge of the matter said. This would be a major …

Exclusive-India, Russia suspend negotiations to settle trade in rupees -sources Read More »

By Ira Dugal and Nikunj Ohri MUMBAI (Reuters) – Market borrowings by India’s state governments are likely to be lower than the amounts indicated in their budgets, as off-balance sheet liabilities will continue to be adjusted in this fiscal year, two sources familiar with the matter said. Since last fiscal year the federal government has …

India state govt’s FY24 borrowings seen lower due to off-balance sheet debt – sources Read More »

By Manoj Kumar NEW DELHI (Reuters) – India’s exports of goods and services could touch $900 billion in the current financial year, up from $770 billion in the previous year, keeping resilient despite global headwinds, a top official of a grouping of exporters said. Merchandise exports could expand to between $495 billion and $500 billion, …

India’s exports likely to touch $900 billion in 2023/24 -exporters Read More »

NEW DELHI (Reuters) – The Indian government expects the cost of borrowing via treasury bills to fall going forward, a senior government source said on Thursday, after the 10-year benchmark bond yield dipped below 7% for the first time in over a year. Earlier in the day, the 10-year benchmark bond yield dipped to 6.9786%, …

India govt expects T-bill yields to ease after 10-year falls below 7% – source Read More »

By Arpan Chaturvedi and Tanvi Mehta NEW DELHI (Reuters) – Before the COVID-19 pandemic, Go Airlines (India) Ltd said it was one of the few profitable airlines in a country that is known for its staunchly price-conscious customers, a market where two big players have collapsed in the last 11 years. The company’s ultra-low-cost model …

Go First gone: engine troubles, COVID bring down India’s third-largest airline Read More »

PARIS (Reuters) – The head of planemaker Airbus said on Wednesday U.S. engine maker Pratt & Whitney has been struggling to support its fleet of passenger jets with enough spare parts and engines. CEO Guillaume Faury declined comment on a decision by India’s third-largest airline, Go First, to file for bankruptcy, which it blamed on …

Airbus says engine maker Pratt facing problems with jet support Read More »

BENGALURU (Reuters) – India’s Tata Chemicals Ltd posted a 62% jump in fourth-quarter profit on Wednesday, helped by demand for products such as soda ash, bicarbonate and salt. The chemical manufacturer’s consolidated net profit rose to 7.09 billion rupees ($86.7 million) in the three months ended March 31, from 4.38 billion rupees a year ago. …

India’s Tata Chemicals posts 62% rise in Q4 profit on strong demand Read More »