Reuters India Top

By Dharamraj Dhutia MUMBAI (Reuters) – Most Indian bond traders are looking for a cut in the government’s short-term borrowing as a better way to regulate banking system liquidity after two consecutive attempts to buy back debt failed, several traders said. Government spending has been low due to an ongoing national election, leading to a …

India bond traders hanker for short-term borrowing cuts as buybacks fail Read More »

By Shivam Patel NEW DELHI (Reuters) – Firebrand Indian politician Arvind Kejriwal has hit the ground running since his surprise release from detention in the midst of a contentious general election, energizing the opposition as it challenges Prime Minister Narendra Modi. The Supreme Court gave 55-year-old Kejriwal, who is also the chief minister of the …

Out on bail, firebrand Indian politician poses fresh challenge for Modi Read More »

BENGALURU (Reuters) – Indian metals-to-oil conglomerate Vedanta on Thursday said its board approved a fundraise of up to 85 billion rupees ($1.02 billion). The company also declared its first interim dividend amounting to 40.89 billion rupees. The billionaire Anil Agarwal-led company said that its committee of directors will decide on the structure of the fundraise, …

India’s Vedanta approves $1 billion fundraise Read More »

BENGALURU (Reuters) – GAIL (India), India’s top natural gas distributor, posted a smaller-than-expected quarterly profit on Thursday, hurt by weakness in its natural gas marketing business. Net profit rose more than three-fold to 21.77 billion rupees ($260.8 million) for the March quarter, but fell short of analysts’ estimate of 28.29 billion rupees, according to LSEG …

GAIL (India) misses Q4 profit estimates as gas marketing segment weighs Read More »

By Nikunj Ohri NEW DELHI (Reuters) – India’s market watchdog has recommended that several regulators oversee trade in cryptocurrencies, documents show, the strongest signal to date that at least some authorities in the country are open to allowing the use of private virtual assets. The position of the Securities and Exchange Board of India (SEBI) …

Exclusive-India’s SEBI open to oversight of crypto trade, in contrast to Reserve Bank Read More »

By Munsif Vengattil NEW DELHI (Reuters) – Indian software firm Zoho is planning a foray into chipmaking and seeking incentives from the federal government, two sources with direct knowledge of the proposal said, with one of them pegging the investment plan at $700 million. Zoho, established in 1996 and now headquartered in India’s Tamil Nadu, …

India’s Zoho plans $700 million foray into chipmaking Read More »

BENGALURU (Reuters) – India’s Hindustan Aeronautics Ltd (HAL) reported a rise in fourth-quarter profit on Thursday, helped by demand for its aircraft from the country’s defence ministry. Consolidated net profit rose 52% year-on-year to 43.09 billion rupees ($516.2 million) for the three months ended March 31. Capital goods and manufacturing companies have benefited throughout fiscal …

India’s HAL posts Q4 profit climb on defence aircraft demand Read More »

NEW DELHI (Reuters) – India’s star javelin thrower Neeraj Chopra predictably won gold in his first competition at home in three years, but he refused to read too much into his below-par 82.27 metre throw as he prepares to defend his Olympic title in Paris. Chopra began his season with a second place finish at …

Olympics-India’s Chopra picks up javelin gold in home appearance Read More »