Reuters India Business

By Gaurav Dogra (Reuters) – Emerging Asia ex-China stocks received massive inflows in January, with investors expecting the U.S. Federal Reserve to slow down the pace of its rate hikes and as the dollar weakened against regional currencies. Data from stock exchanges in Taiwan, India, the Philippines, Vietnam, Thailand, Indonesia and South Korea showed that …

Asian stocks draw massive foreign inflows on softer dollar, growth optimism Read More »

BENGALURU (Reuters) -Indian shares struggled for direction on Thursday, on concerns over the U.S. Federal Reserve’s rate-hike trajectory, while a drop in Adani Group company stocks also dampened sentiment. The Nifty 50 index was down 0.07% at 17,860.60, as of 11:02 a.m. IST, while the S&P BSE Sensex rose 0.02% to 60,777.41. Twenty-six of the …

Indian shares muted on Fed rate-hike concerns; Adani stocks tumble Read More »

(Reuters) -Adani Group Chairman Gautam Adani faced a margin call of more than $500 million on a $1.1 billion share-backed loan, prompting him to repay the whole debt, the Financial Times reported, citing four people with direct knowledge of the matter. The repayment was meant to avoid any further damage to investor confidence, which has …

India’s Adani faced margin call on $1.1 billion loan before repaying in full – FT Read More »

By Swati Bhat and Sudipto Ganguly MUMBAI (Reuters) – The Reserve Bank of India hiked its key repo rate by a quarter percentage point on Wednesday as expected but surprised markets by leaving the door open to more tightening, saying core inflation remained high. The central bank said that its policy stance remains focused on …

India cenbank hikes rates 25 bps as expected, hints more could come Read More »

BENGALURU, India (Reuters) – Ghana, which is struggling with its worst economic crisis in a generation, is seeking Indian investment in its oil and gas sector, William Owuraku Aidoo, its deputy minister of energy, said on Wednesday. Ghana has asked India to consider exploration of three blocks in the western basin and to build refineries as …

Ghana seeks Indian investment in oil and gas sector Read More »

MUMBAI (Reuters) – Indian banks’ exposure of loans against shares to the embattled Adani Group is not very significant, a deputy governor of the central bank said on Wednesday, allaying concerns that lenders could be hurt as a result of a massive sell-off in the conglomerate. Investors have been worried about various banks’ exposure to …

India banks’ loan exposure to Adani Group against shares not significant – RBI DG Jain Read More »