Reuters India Business

By Sarita Chaganti Singh and Shivangi Acharya NEW DELHI (Reuters) – The Indian government may offer low-cost credit to small retailers and ease some rules governing the sector, two officials said, as Prime Minister Narendra Modi moves to shore up a large voter base that is losing business to e-commerce giants. The proposal, which could …

India plans cheaper finance, easier rules for small retailers -sources Read More »

By Bharath Rajeswaran BENGALURU (Reuters) -Indian shares reversed gains on Monday on volatility due to extended foreign investor selling and higher oil prices, which offset better-than-expected earnings from the country’s largest private lender HDFC Bank. The Nifty 50 index was down 0.44% at 17,876.50 as of 2:11 p.m. IST, while the S&P BSE Sensex fell …

Indian shares reverse gains as foreign outflows spur volatility Read More »

NEW DELHI (Reuters) – India’s Reliance Industries Ltd and a local unit of BP have suspended their latest auction for gas sales from their deepwater block in the east coast following changes in the country’s gas marketing rules, industry sources said. Reliance and its partner BP Exploration (Alpha) Ltd (BPEAL) operate the KG D6 deepwater …

India’s Reliance suspends latest auction of gas from east coast block- sources Read More »

NEW DELHI (Reuters) – India’s annual wholesale price inflation (WPI) eased to its lowest levels in nearly two years, helped by a sharp fall in vegetable prices. Government data on Monday showed WPI inflation for December was 4.95% year-on-year, lower than the Reuters forecast of 5.60% and 5.85% recorded in the previous month. Food index …

India’s December wholesale inflation eases to nearly a 2-year low Read More »

By Aditya Kalra BENGALURU (Reuters) -India’s ShareChat, a short video-sharing platform backed by Google and Temasek, said on Monday it let go of around 20% of its employees, as startups face increasing pressure from investors to cut costs. “There is a growing market consensus that the current global economic downturn would be a much more …

Google-backed ShareChat cuts 20% of workforce Read More »

MUMBAI (Reuters) – Indian government bond yields are expected to fall, with the 10-year yield easing to 6.85% in the medium term, their lowest level since March, Citi Research said. “Bonds have so far lagged the move in swaps and are typically late to react to shifts in policy cycle. Nevertheless, bond yields are likely …

India benchmark yield may ease to 6.85% as rates near peak – Citi Read More »

BENGALURU (Reuters) – India’s top carmaker Maruti Suzuki on Monday said it was raising prices by an average 1.1% across its models, with effect from Jan. 16, prompted by cost pressures. In December, Maruti had said it would have to raise prices in January to pass on the impact from high inflation and cost pressures …

India’s Maruti Suzuki raises prices by average 1.1% across models Read More »

By Nimesh Vora MUMBAI (Reuters) – The Indian rupee may open marginally higher against the U.S. dollar on Monday, supported by a further uptick in Asian currencies after last week’s rally. The rupee was likely to open at 81.25 per dollar compared with 81.3250 in the previous session. The local currency last week jumped 1.7% …

Rupee likely to inch up on upbeat Asian cues Read More »