By Nidhi Verma NEW DELHI (Reuters) – India plans to set up a new shipping company to expand its fleet by at least 1,000 ships in the next decade, as Asia’s third-largest economy seeks a bigger chunk of revenue from surging trade, two government officials said. The South Asian nation is spending billions of dollars …
Exclusive-India plans new shipping firm to capture revenue from growing trade Read More »
By Swati Bhat MUMBAI (Reuters) – India’s central bank is widely expected to keep interest rates steady and retain its tighter monetary stance at its policy review on Friday amid robust economic growth and an uncertain inflation outlook. However, a weakened mandate for the ruling Bharatiya Janata Party-led National Democratic Alliance has raised concerns about …
India central bank seen holding rates on Friday as economic growth stays robust Read More »
By Shivansh Tiwary, Chris Thomas and Nandan Mandayam NEW DELHI (Reuters) -Indian airlines are expected to post a bigger industry-wide loss in fiscal 2025 as higher costs outweigh rising demand and costlier tickets, a top aviation consultancy said on Wednesday. CAPA India estimated losses for the year ending March 2025 at between $400 million to …
Indian airlines’ FY25 loss to widen, capacity crunch to ease, says CAPA Read More »
By Karin Strohecker and Caroline Valetkevitch LONDON/NEW YORK (Reuters) – Indian voters’ tepid endorsement of Prime Minister Narendra Modi leaves a weakened mandate for business-friendly reforms and has foreign money managers thinking twice about unleashing another wave of investment in the world’s fastest-growing economy. Modi’s Hindu nationalist Bharatiya Janata Party (BJP) secured a third term …
Analysis-‘Modi premium’ in India’s financial markets set to erode after weak victory Read More »
By Siddhi Nayak MUMBAI (Reuters) – The narrower margin of victory for Indian Prime Minister Narendra Modi’s alliance in elections will forestall reforms that could have potentially facilitated aggressive fiscal consolidation, an analyst at Moody’s Ratings said on Wednesday. Modi’s Bharatiya Janata Party (BJP) won 240 seats on its own, 32 short of the halfway …
Modi’s smaller mandate to slow India’s fiscal tightening, Moody’s says Read More »
By Rahul Paswan (Reuters) – Gold fell more than 1% on Tuesday as the dollar steadied ahead of U.S. jobs data, due later this week, which could set the tone for the Federal Reserve’s interest rate strategy. Spot gold fell 0.9% to $2,329.10 per ounce by 1818 GMT. U.S. gold futures settled 0.9% lower at …
Gold dips as dollar steadies, focus turns to US jobs data Read More »
By Bharath Rajeswaran and Ankur Banerjee MUMBAI/SINGAPORE (Reuters) -Indian stocks suffered their worst intraday fall since March 2020 on Tuesday and foreign investors sold the most on record, as vote counting trends in the general election suggested Prime Minister Narendra Modi’s alliance was unlikely to win the overwhelming majority predicted by exit polls. With over …
India shares plunge as Modi’s likely narrower win causes policy worries Read More »
By Bharath Rajeswaran MUMBAI (Reuters) -Foreign institutional investors (FIIs) sold a record 124.36 billion rupees (about $1.5 billion) worth of Indian shares, as NSE Nifty 50 and S&P BSE Sensex logged their worst day in more than four years, provisional data from the National Stock Exchange showed on Tuesday. Both the benchmark indexes dropped about …
Foreign outflows from Indian markets hit a record after weaker Modi mandate Read More »
BENGALURU (Reuters) – Tata Motors’ vehicle financing unit will merge with non-banking financial company Tata Capital in a share swap deal, the Indian carmaker said on Tuesday. Tata Motors Finance’s shareholders will receive 37 Tata Capital shares for every 100 shares they hold, the company said. In March, Tata Motors said it will split into …
Indian carmaker Tata Motors’ finance unit to merge with Tata Capital Read More »
By Sethuraman N R BENGALURU (Reuters) -Indian shares posted their worst session in more than four years on Tuesday, as voting trends showed Prime Minister Narendra Modi’s alliance falling short of a predicted landslide victory. While the Modi-led National Democratic Alliance will still likely form the government, analysts said the Bharatiya Janata Party winning fewer …
Indian shares see worst session in 4 years as lead narrows for Modi’s alliance Read More »
