By Nimesh Vora MUMBAI (Reuters) – The Indian rupee held a narrow range against the U.S. dollar on Friday, largely avoiding the losses of its Asian peers, with the currency continuing to trade above the closely watched 82.90-83.00 level. The rupee was quoting at 82.7475 to the dollar at 10:50 a.m. IST, barely changed from …
Rupee in narrow range, avoids selloff on Asian currencies Read More »
By Sethuraman N R and Nishit Navin BENGALURU (Reuters) – A slew of interest rate hikes by the Reserve Bank of India (RBI) has not dented demand for home loans for Kotak Mahindra Bank, a top official from the bank said, pointing to a robust housing market. The RBI has increased its main repo rate …
India’s Kotak Mahindra Bank sees steady home loan demand on robust market Read More »
(Reuters) – Twitter Inc has closed two of its three offices in India, Bloomberg News reported on Friday, citing people familiar with the matter. The social media company shut down offices in New Delhi and Mumbai but continues to operate its office in the southern tech hub of Bengaluru that mostly houses engineers, the report …
Musk shuts two Twitter India offices, Bloomberg News reports Read More »
BENGALURU (Reuters) -Indian shares fell on Friday, tracking Wall Street, after a fresh slate of U.S. economic data underscored bets that the Federal Reserve would keep interest rates higher for longer. The Nifty 50 index was down 0.22% at 17,994.80 as of 10:40 a.m. IST, while the S&P BSE Sensex was lower by 0.25% at …
Indian shares decline on Fed worries; IT, financials fall Read More »
MUMBAI (Reuters) – The Indian economy could see another bout of inflation as the rural demand revives and the informal sector recovers from the pandemic-lows, economists at HSBC Securities and Capital Markets (India) said. Consumer price inflation remained above the central bank’s upper tolerance band of 6% for most of 2022 before falling below it …
Rural recovery may drive next bout of India inflation, HSBC economists Read More »
By Seher Dareen (Reuters) – Gold prices bounced off one-month lows on Thursday, as the dollar gave up most of its gains and as some investors seized the chance to pick up the bullion at relatively cheaper levels. Spot gold firmed 0.4% to $1,842.67 per ounce by 2:45 p.m. ET (1945 GMT). U.S. gold futures …
By Xie Yu HONG KONG (Reuters) -Adani Green Energy has a refinancing plan which the Indian company will disclose after the fiscal year ends, an executive of the embattled Adani group told bondholders on a call on Thursday, two sources with direct knowledge of the matter said. Adani Group had hired banks to arrange calls …
Adani Green to disclose refinancing plan after fiscal year ends -sources Read More »
By Gertrude Chavez-Dreyfuss and Amanda Cooper NEW YORK/LONDON (Reuters) – The U.S. dollar climbed to a six-week peak against basket of currencies on Thursday, after data showed producer prices for January came in higher than expected and jobless claims fell, suggesting the Federal Reserve will have to keep monetary policy tight for some time to …
Dollar rallies as strong U.S. data reinforces higher rates stance Read More »
BENGALURU (Reuters) – Indian edtech startup Byju’s is in talks with investors including U.S. private equity firm TPG Inc to raise over $500 million, Bloomberg News reported on Thursday, citing people familiar with the matter. Investment firms including TPG and two Middle Eastern sovereign wealth funds have begun due diligence on the Bengaluru-based startup, according …
Indian startup Byju’s in funding talks with TPG, others – Bloomberg News Read More »
By Nikunj Ohri NEW DELHI (Reuters) – The Indian federal government is planning to widen its goods and services tax (GST) by tapping a section of mom-and-pop stores, a top tax official said on Thursday, as New Delhi looks to bring more elements of the economy into the tax net. India has a large informal …
India looks to tap mom-and-pop stores to boost tax base Read More »
