By Rajendra Jadhav MUMBAI (Reuters) – Indian mills produced 31.1 million tonnes of sugar since the current season began on Oct. 1, a fall of 5.4% year on year, as many mills closed early due to limited availability of sugar cane, a leading trade body said on Tuesday. Lower sugar output from India, the world’s …
India’s sugar output drops 5.4% y/y as mills close early Read More »
By Bhakti Tambe and Siddhi Nayak MUMBAI (Reuters) – HDFC Bank Ltd, India’s biggest private lender, is comfortably placed to meet reserve ratio requirements post its merger with parent HDFC Ltd, even as it awaits a final view from the central bank on requests for forbearance, three sources told Reuters. The $40 billion merger, announced …
HDFC Bank set to meet liquidity norms post merger – sources Read More »
(Reuters) – Adani Group’s debt pile rose almost 21% over the past year and the proportion held by global banks rose to nearly a third, Bloomberg News reported on Tuesday. Around 29% of the Indian conglomerate’s borrowings were with global international banks at the end of March, the report added, citing people familiar with the …
Adani Group debt increases 21% over past year – Bloomberg News Read More »
BENGALURU (Reuters) – Shares of Indian electronic manufacturing services firm Avalon Technologies fell as much as 8.5% in the early hours of their trading debut on Tuesday, underscoring weak investor interest in a volatile capital market. Avalon, which operates in the clean energy, mobility, communication and industrial segments, opened flat at 436 rupees. It was …
India’s Avalon Technologies tumbles 8% in debut trading Read More »
By Deep Kaushik Vakil (Reuters) – Gold reversed course to slip below the key $2,000 level on Monday, pressured by a stronger dollar and higher Treasury yields, while investors looked for cues on whether the market will see a ‘one and done’ rate hike by the U.S. Federal Reserve in May. Spot gold was down …
Gold slides below $2,000, market eyes Fed rate hike cues Read More »
By Nidhi Verma and Krishn Kaushik NEW DELHI (Reuters) -India and Russia are discussing a free trade agreement (FTA), the Russian trade minister said on Monday, an announcement that could deepen bilateral commercial ties that have flourished since war broke out in Ukraine. The FTA talks mark a step-up in economic relations between the two …
India, Russia talk free trade deal in step-up of relations Read More »
NEW DELHI (Reuters) – India’s annual wholesale-price based inflation (WPI) eased to the lowest in nearly 30 months, as input prices continued to moderate, government data showed on Monday. WPI in March was 1.34% year-on-year, lower than 3.85% in the previous month and a Reuters poll of 1.87%. In March, the food index rose 2.32% …
India’s March wholesale inflation eases to 30-month low on easing input prices Read More »
By Nidhi Verma NEW DELHI (Reuters) – Russia’s Gazprombank has expanded its links with banks in India to expedite trade between the two countries in national currencies, a key executive told Reuters on Monday, as Russia this year has become the biggest supplier of oil to India. Trade between India and Russia has surged since …
Russia’s Gazprombank deepens ties with Indian banks for bilateral trade Read More »
(Reuters) -Apple Inc’s India sales grew by nearly 50% in the year through March, Bloomberg News reported on Monday. Revenue in India almost touched $6 billion, as compared to $4.1 billion in the year through March 2022, the report added, citing a person familiar with the matter. Apple didn’t immediately respond to a Reuters request …
Apple’s India sales hit $6 billion in year through March- Bloomberg News Read More »
By Nishit Navin BENGALURU (Reuters) -Infosys Ltd shares slumped nearly 15% on Monday, dragging peers and the benchmark index, after the company’s dismal revenue outlook raised concerns about demand for Indian IT services amid global banking turmoil and recession fears. Infosys’ outlook last week followed a disappointing quarterly report from larger rival Tata Consultancy Services, highlighting …
India’s Infosys tumbles 15% on weak revenue outlook, drags sector Read More »
