Reuters India Business

By Swati Bhat MUMBAI (Reuters) – A sustained reduction in fiscal deficit, particularly if underpinned by durable revenue-raising reforms, would be a positive for India’s sovereign rating fundamentals over the medium term, Fitch Ratings said in a note on Monday. The Reserve Bank of India’s (RBI) larger-than-expected surplus transfer to the government should help ensure that the …

Sustained fiscal deficit reduction positive for India’s ratings, says Fitch Read More »

By Vivek Mishra BENGALURU (Reuters) – India’s economy likely grew at its slowest pace in a year in the January-March quarter due to weak demand, according to a Reuters poll of economists who said the possibility of growth significantly surpassing their forecasts was low. The country’s gross domestic product (GDP) unexpectedly grew by 8.4% in …

India economy likely grew at weakest pace in a year in Jan-March: Reuters poll Read More »

By Ankur Banerjee, Jayshree P Upadhyay and Bharath Rajeswaran SINGAPORE/MUMBAI/BENGALURU (Reuters) – India’s six-week long national election, the world’s largest, has entered its final stage with votes scheduled to be counted on June 4, and investors are gearing up for Prime Minister Narendra Modi’s widely expected third term in office. However, the margin of victory …

Factbox-What investors expect from India’s election outcome Read More »

BENGALURU (Reuters) – India’s National Power Thermal Corp (NTPC) reported higher fourth-quarter profit on Friday, fueled by strong domestic power demand. Consolidated net profit for the country’s top power producer grew 27% to 61.69 billion rupees (about $743 million) in the three months to March 31. A rise in earnings comes as India witnessed heightened …

India’s NTPC posts Q4 profit rise on sturdy power demand Read More »

BENGALURU (Reuters) – Alphabet’s Google will pick up a minority stake worth $350 million in Walmart-backed Flipkart, valuing the Indian e-commerce firm at $37 billion, a source with direct knowledge of the matter told Reuters. Google and Flipkart were not immediately available to confirm the value of the investment. The tech giant will join in …

Google to invest $350 million in India’s Flipkart, valuing co at $37 billion, source says Read More »

NEW DELHI (Reuters) – India expects a normal monsoon to ease food inflation, and cushion its economy from a possible rise in global commodity prices due to geopolitical tensions, said a government report released on Friday. Government steps including the sale of state food stocks on the open market were helping to stabilise food prices, …

Indian government expects normal monsoon to help ease food prices Read More »