By Madhumita Gokhale and Sarupya Ganguly BENGALURU (Reuters) – The Indian government is set to tap the brakes on a torrid pace of capital investment growth in the coming fiscal year as a slowing economy limits spending power by weakening tax revenue, according to a Reuters poll of economists. Food and fertiliser subsidies that help …
New Delhi to tap brakes on capex growth, key subsidies – Reuters poll Read More »
By Vivek Mishra BENGALURU (Reuters) – The Indian government will borrow a record 16 trillion rupees ($198 billion) in the fiscal year to March 2024, according to a Reuters poll of economists, who said infrastructure spending and fiscal discipline ought to be its highest budget priorities. The federal government’s gross indebtedness has more than doubled …
Indian government to borrow a record 16 trillion rupees in fiscal 2023/24 – Reuters poll Read More »
MUMBAI (Reuters) – India’s central bank likely bought dollars via state-run banks to prevent the rupee from appreciating significantly above the 81 psychological level, three traders told Reuters. The rupee was last quoted at 81.125 per U.S. dollar after climbing to 80.89 in early trade. The rupee rose above the 81 level for the first …
India’s cenbank likely buying dollar after rupee rose above 81/USD – traders Read More »
BENGALURU (Reuters) -Indian stocks rose on Monday, after declines in the previous two sessions, helped by gains in financial stocks as banks reported strong quarterly results over the weekend. The Nifty 50 index was up 0.69% at 18,153.30 as of 10:26 a.m. IST, while the S&P BSE Sensex rose 0.76% to 61,084.25. Thirty-nine of the …
Financials lift Indian shares after strong bank earnings Read More »
MUMBAI (Reuters) – India’s Trust Investment Advisors plans to raise at least 500 million rupees ($6.18 million) through bonds maturing in seven years, three merchant bankers said on Monday. The company will offer a coupon of 8.90% on the issue, for which it has invited bids from investors and bankers on January 30 on the …
Trust Investment Advisors to issue 7-year bond – traders Read More »
MUMBAI (Reuters) – India’s Housing Development Finance Corp plans to raise at least 30 billion rupees ($370.5 million) through the sale of bonds maturing in 10 years, three merchant bankers said on Monday. The housing finance company has invited coupon and commitment bids from bankers and investors on Tuesday, they added. The issue will also …
RABAT (Reuters) – Moroccan phosphates and fertilisers producer OCP said on Sunday it plans to supply India with 1.7 million tonnes of phosphate-based fertilisers in 2023. The supply agreements were signed during a visit by Indian health, chemicals and fertilisers minister Mansukh Mandaviya to Rabat. Under the deals, Morocco’s OCP will supply India with 700,000 …
Morocco plans to sell India 1.7 million tonnes of fertilisers in 2023 Read More »
(Corrects eighth paragraph to make clear Modi was never BJP president, but was made the party’s candidate for prime minister in 2013) MUMBAI (Reuters) – India has blocked the airing of a BBC documentary which questioned Prime Minister Narendra Modi’s leadership during the 2002 Gujarat riots, saying that even sharing of any clips via social …
India blocks BBC documentary on PM Modi from airing in India Read More »
By Nidhi Verma VARANASI, India (Reuters) – State-run Hindustan Petroleum Corporation hopes to operate its Vizag refinery in southern India at an expanded capacity of 15 million tonnes per annum (mtpa) from end-June, its chairman Pushp Joshi said on Sunday. HPCL is in the process of commissioning units at the refinery, which previously had a …
India’s HPCL to operate Vizag refinery at expanded capacity from end-June Read More »
By Neha Arora NEW DELHI (Reuters) – India’s JSW Steel Ltd expects its exports to pick up in the current quarter through March, boosted by the withdrawal of an export tax and robust demand from the Middle East and Asia, a senior company executive said on Saturday. His comments come after JSW, India’s largest steelmaker …
India’s JSW Steel sees exports at more than 10% of 2022/23 sales Read More »
