Reuters India Business

By Manoj Kumar and Shivangi Acharya NEW DELHI (Reuters) -India’s economy grew at a faster-than-expected pace of 7.8% year-on-year in the first three months of 2024, helped by a strong performance in the manufacturing sector, and economists expect the momentum to continue this year. The highest growth pace among the largest economies globally will bolster …

India’s fast economic growth lays firm ground for next government Read More »

BENGALURU (Reuters) – Interglobe Aviation, which operates India’s budget IndiGo airlines, has run trials on a new software related to passengers’ safety and comfort, and is evaluating its in-flight safety announcements, the airline said on Friday. The airline is planning to launch another trial in the next two to three weeks for the safety and …

India’s IndiGo testing software, in-flight messages for passenger safety Read More »

By Siddhi Nayak MUMBAI (Reuters) – S&P Global Ratings will watch the incoming Indian government’s fiscal consolidation path for the next two years for a possible sovereign ratings upgrade, an analyst at the ratings agency said on Friday. S&P raised India’s sovereign rating outlook to “positive” from “stable” on Wednesday, citing the country’s strong economic …

S&P Global to observe India’s fiscal glidepath for ratings upgrade – analyst Read More »

By Milounee Purohit BENGALURU (Reuters) – The Reserve Bank of India will cut interest rates just once this year, most likely in October-December rather than next quarter, although there was no clear majority among economists polled by Reuters on the timing of the first move. With a growing likelihood many major central banks, including the …

Reserve Bank of India to delay interest rate cut to late this year: Reuters poll Read More »

By Nimesh Vora MUMBAI (Reuters) – The Indian rupee rose on Friday amid likely inflows and a recovery in the indexes ahead of the release of the exit polls of the national elections. The rupee was at 83.2750 to the U.S. dollar at 10:42 a.m. IST, up from 83.3175 in the previous session. India’s Nifty …

Rupee inches up alongside equities, eyes exit polls Read More »

By Sethuraman N R BENGALURU (Reuters) – Indian shares pared early gains on Friday to trade slightly higher, with caution setting in ahead of the outcome of the national elections next week. The NSE Nifty 50 was up 0.2% at 22,528 points, while the S&P BSE Sensex gained 0.2% to 74,059 points, as of 10:34 …

Indian shares pare early gains as caution sets in ahead of election outcome Read More »

BENGALURU (Reuters) – India’s central bank has moved a little more than 100 metric tons of gold from the UK to its domestic vaults, the Times of India newspaper reported on Friday, citing sources. A similar quantity of the precious metal might be coming to the country in the coming months, the report said, adding …

India cenbank moves 100 tons of gold from UK to domestic vaults, TOI reports Read More »

By Neha Arora and Manvi Pant NEW DELHI (Reuters) -India’s Tata Steel wants to accelerate efforts towards decarbonisation in Britain, its chief executive said on Thursday, in the backdrop of trade unions voting to strike against the company’s plans to cut jobs. “We want to move fast and build the new electric arc furnace faster, …

India’s Tata Steel CEO says want to move fast on UK decarbonisation Read More »