Reuters India Business

By Jayshree P Upadhyay MUMBAI (Reuters) – India’s capital markets regulator is planning to change its rules to address concerns around founders and family members of tech or app-based startups owning shares under the employee stock ownership plan (ESOP), two sources told Reuters. The Securities and Exchange Board of India (SEBI) does not want founders …

India markets regulator looks to plug gaps allowing founders to own stock options Read More »

By Dharamraj Dhutia MUMBAI (Reuters) – India’s banking system liquidity is likely to tighten further on a more persistent basis with upcoming tax outflows and maturing repurchase agreements with the central bank, analysts said. “As we progress into FY24, we expect liquidity deficit conditions to become more persistent on our expectation of a mild BoP …

India banking liquidity to tighten as long-term repos mature Read More »

MUMBAI (Reuters) – The Indian rupee strengthened against the U.S. dollar on Friday, as risk assets got some relief following bank rescues in the U.S. and Europe, with the local currency holding near a key resistance zone. The rupee was trading around 82.46 per dollar at 11:15 a.m. IST, compared to its previous close of …

Rupee firms as Asian markets power ahead on US, Europe bank rescues Read More »

By Mayank Bhardwaj NEW DELHI (Reuters) – India should extend a ban on wheat exports in place since last year to help ensure lower domestic prices and sufficient stocks for consumers, a flour millers’ industry body said on Thursday. Exports of the grain from India, the world’s second biggest producer, surged after Russia’s invasion of …

India should keep lid on wheat exports to replenish local stocks, flour millers say Read More »

By Timothy Gardner WASHINGTON (Reuters) – Russia is not reaping the benefits of higher costs of some recent cargoes of crude oil bought by refiners in India priced above the price cap set by countries in the West and Australia, a U.S. official said on Thursday. Some cargoes of low sulphur, or sweet, crude oil …

US says Russia not benefiting from +$60/bbl oil to India Read More »

(Reuters) – India’s banking sector will likely have a softer impact from the troubles at Credit Suisse, given the Swiss lender’s relatively small presence in the country, equity analysts at Jefferies said on Thursday. Credit Suisse has a 1.5% share among foreign banks’ assets in India and a ‘small’ 0.1% share of overall banking assets …

Jefferies sees softer impact of Credit Suisse crisis on India Read More »