By Sethuraman N R BENGALURU (Reuters) -Tata Consultancy Services said on Wednesday fourth-quarter results were weaker than it had expected as some of the IT company’s clients in the North American banking space deferred project spending amid the U.S. financial crisis. India’s top IT exporter flagged “a lot of uncertainty” in its banking, financial services …
India’s TCS blames U.S. banking crisis for weak fourth quarter Read More »
NEW DELHI (Reuters) – The Serum Institute of India (SII) could resume production of the Covishield COVID-19 vaccine, a company spokesperson said on Wednesday, as infections rise in the country. The world’s biggest vaccine maker already has a stock of 6 million doses of Covovax, a version of a Novavax vaccine, the spokesperson added. Covishield …
India’s SII could resume Covishield shot production as COVID cases rise Read More »
By Arpan Varghese and Rajendra Jadhav (Reuters) – India’s cotton exports are expected to slide sharply for 2022-23 and match imports into the top producer for the first time in about two decades on low domestic stocks among other factors, the United States Department of Agriculture (USDA) said. In its April World Agricultural Supply and …
India’s cotton exports seen sliding, matching imports for first time in years -USDA Read More »
By Aftab Ahmed and Nikunj Ohri NEW DELHI (Reuters) -India’s annual retail inflation for March rose at the slowest pace in nearly 15 months and was below the central bank’s upper tolerance level for the first time this year, on the back of softer food prices. Annual retail inflation eased to 5.66% in March from …
India’s retail inflation eases below RBI’s upper tolerance level Read More »
By Sudarshan Varadhan and Jatindra Dash CHENNAI/BHUBANESWAR, India (Reuters) – Indian manufacturers, including aluminium smelters and paper mills, are set to boost thermal coal imports for a second consecutive year due to a shortage of trains, even as state-run Coal India plans to increase output. Higher demand from industry for seaborne coal will thwart efforts …
Analysis-Train crunch to spur coal imports by Indian industries Read More »
By Madhumita Gokhale BENGALURU (Reuters) – The Reserve Bank of India will likely keep interest rates unchanged at least until the end of this fiscal year as it evaluates the delayed impact of previous hikes on economic growth and high inflation, a Reuters poll of economists showed. Last week, the central bank surprised nearly every …
RBI to extend rate pause through year-end, likely done hiking: Reuters poll Read More »
By Anushka Trivedi MUMBAI (Reuters) – The Indian rupee made slim gains against the U.S. dollar on Wednesday, as the greenback slipped ahead of a crucial U.S. inflation report that could influence the Federal Reserve’s next policy move. The rupee was trading at 82.0750 per dollar by 10:44 a.m. IST compared with 82.1250 in the …
Rupee edges up as dollar softens ahead of U.S. inflation data Read More »
(Reuters) – UBS Group AG is considering retaining Credit Suisse Group AG’s private banking unit in India after the emergency rescue of its smaller rival last month, Bloomberg News reported on Wednesday citing people familiar with the matter. (Reporting by Kanjyik Ghosh in Bengaluru; Editing by Jacqueline Wong)
By Bharath Rajeswaran BENGALURU (Reuters) -Indian shares rose on Wednesday as March-quarter corporate earnings trickled in, while caution ahead of key domestic and global macroeconomic data capped gains. The Nifty 50 rose 0.16% at 17,749.50, as of 10:20 a.m. IST, while the S&P BSE Sensex gained 0.09% to 60,207.70. Nine of the 13 major sectoral …
Indian shares rise marginally ahead of earnings, macro data Read More »
By Deep Kaushik Vakil (Reuters) – Gold climbed back up above the key $2,000 level on Tuesday as the dollar came off last session’s peak, while traders hunkered down for Wednesday’s U.S. inflation data for cues on future interest rate hikes. Spot gold rose 0.8% to $2,005.79 per ounce by 2:00 p.m. EDT (1800 GMT) …
Gold climbs as dollar pauses ahead of US inflation data Read More »
