Reuters India Business

By Bharath Rajeswaran BENGALURU (Reuters) – Foreign portfolio investors (FPIs) started the new financial year buying Indian equities, according to National Securities Depository Ltd (NSDL) data. GRAPHIC: FPIs extend buying streak in the first half of April, https://www.reuters.com/graphics/FPI-APRIL1/APRIL1-FPI/byprlejkqpe/chart.png FPIs purchased shares worth 87.67 billion Indian rupees ($1.07 billion) on a net basis in the first …

FPIs begin new financial year buying Indian equities on cheaper valuations Read More »

By Nimesh Vora MUMBAI (Reuters) – The Indian rupee was trading little changed to the U.S. dollar on Friday, unable to sustain its marginal uptick amid concerns over how risk appetite will shape up. The rupee was at 82.15 to the dollar by 11:10 a.m. IST compared with 82.1475 in the previous session. The local …

Rupee’s opening uptick runs into worries over risk view, premiums rise Read More »

By Bharath Rajeswaran BENGALURU (Reuters) -Indian shares were muted on Friday, as investors remained cautious after a weak revenue outlook from HCLTech Ltd and ahead of the quarterly earnings of the country’s top firm by market capitalisation, Reliance Industries Ltd. The Nifty 50 was down 0.15% to 17,598.50, as of 10:31 a.m. IST, while the …

Indian shares muted on risk aversion amid Q4 earnings Read More »

BENGALURU (Reuters) – Indian billionaire Kumar Mangalam Birla has returned to the board of Vodafone Idea Ltd as an additional director less than two years after leaving the mobile service provider. Birla, formerly a chairman at the debt-ridden telecom giant, will join the board effective April 20, Vodafone’s Indian JV said in an exchange disclosure. …

Indian tycoon Birla returns to Vodafone Idea board Read More »

By Siddhi Nayak and Nikunj Ohri MUMBAI/NEW DELHI (Reuters) – India’s central bank will hold separate meetings with the executive of state-run and private banks late next month to discuss supervision, ethics and governance issues, five banking sources said on Thursday. Reserve Bank of India (RBI) officials, including Governor Shaktikanta Das, will meet with executives …

Indian central bank, bank executives to discuss supervisory issues in May -sources Read More »

By Krishna N. Das and Tanvi Mehta NEW DELHI (Reuters) – U.S. tech giant Apple <AAPL.O> could double or triple investments in India, along with exports, over the next few years, a minister said, as the company opened a second store in the world’s biggest smartphone market after China. Apple mainly assembles iPhones in India …

India sees Apple nearly tripling investment, exports in coming years Read More »

By Nimesh Vora MUMBAI (Reuters) – The Indian rupee, having lost ground to the U.S. dollar over the last three days, found a bit of support in early traders, while forward premiums held declines. The rupee was at 82.20 to the dollar by 10:54 a.m. IST, broadly unchanged from the previous session. The local currency …

Rupee takes a breather, forward premiums hover near 6-week low Read More »

By Bharath Rajeswaran BENGALURU (Reuters) -Indian shares reversed some early gains on Thursday as investors, hopeful of strong domestic earnings last week, turned largely cautious after IT companies sounded off alarm bells. The Nifty 50 was down 0.11% to 17,598.55, as of 10:42 a.m. IST, while the S&P BSE Sensex lost 0.07%. Both the benchmarks …

Indian shares reverse gains on caution ahead of key earnings Read More »