BENGALURU (Reuters) -Indian shares declined across the board on Friday, with investors nervous ahead of the earnings season after recent warnings by some major companies and as strong U.S. data indicated the Federal Reserve could keep hiking rates. The Nifty 50 index was down 1.01% at 17,806.80 as of 1:35 p.m. IST. The S&P BSE …
NEW DELHI (Reuters) -India is in a relative “bright spot” in the world economy, but needs to leverage its existing strength in services exports and extend it to job-rich manufacturing exports, a top official at the International Monetary Fund (IMF) said on Friday. “India is a relative bright spot in the world economy today, growing …
Indian economy in a relative ‘bright spot’, must leverage exports: IMF official Read More »
NEW DELHI (Reuters) – India’s exports of finished steel more than halved during the first nine months of the fiscal year that began in April 2022, according to the latest government data seen by Reuters. The exports fell 54.1% to 4.74 million tonnes between April and December, as consumption dropped in major global markets, and …
India’s April-December finished steel exports drop 54% y/y -data Read More »
By Nikunj Ohri NEW DELHI (Reuters) -Taming inflation is the top priority for South Asian countries as risks to growth and investment outlook could rise if price pressures persist at high levels, Reserve Bank of India (RBI) Governor Shaktikanta Das said on Friday. Speaking at an event organised by the International Monetary Fund (IMF), the …
Reducing inflation top priority for South Asian nations, says India central bank chief Read More »
By Marc Jones and Koh Gui Qing NEW YORK (Reuters) – U.S. stocks sank on Thursday and brought to a halt a global rally in global stocks, as upbeat American jobs data after the Federal Reserve’s firm message that it won’t be cutting interest rates any time soon offset China’s latest reopening plans. News that …
Stocks stall as firm Fed message reins in China rally Read More »
By Seher Dareen (Reuters) – Gold prices pared losses on Thursday after Fed remarks of inflation easing in 2023, after slipping more than 1% on reports of a tighter-than-expected U.S. labour market boosting expectations of higher interest rates for longer. Spot gold pared losses and fell 0.9% to $1,837.01 per ounce by 1:40 p.m. ET …
Gold falls as tight U.S. labour market suggests higher rates Read More »
By Aditi Shah and Aditya Kalra NEW DELHI (Reuters) – Google is preparing to approach India’s Supreme Court within days to try to block a ruling by the country’s antitrust watchdog that will force the U.S. company to change how it markets its Android platform, two people familiar with its strategy told Reuters. The Competition …
Google set to challenge India Android antitrust ruling at Supreme Court-source Read More »
NEW DELHI (Reuters) -India’s market regulator has allowed the government’s shareholding in IDBI Bank to be reclassified as “public” after its stake sale on condition that its voting rights do not exceed 15%, the lender said on Thursday. The government, with a more than 45% stake in IDBI Bank, is currently classified as a co-promoter …
India’s SEBI allows govt stake in IDBI Bank to be reclassified as public post sale Read More »
BENGALURU (Reuters) -India’s bluechip Nifty 50 index ended below the 18,000 mark for the first time in nearly two weeks on Thursday as Bajaj Finance’s disappointing quarterly update sparked a selloff in the high-flying financials sector. The Nifty 50 index finished 0.28% lower at 17,992.15, closing under the key 18,000-mark for the first time since …
India’s Nifty ends below 18,000 as Bajaj Finance weighs Read More »
By Nimesh Vora MUMBAI (Reuters) – The Indian rupee rose against the dollar on Thursday, buoyed by an uptick in most Asian currencies and a further decline in oil prices. The rupee last traded at 82.5550 to the dollar, up from 82.8025 in the previous session. The offshore Chinese yuan, the Korean won and the …
Rupee rises alongside Asian peers and on oil price relief Read More »
