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MUMBAI (Reuters) – The Indian rupee weakened slightly on Wednesday tracking its Asian peers lower as paring of rate cut bets in the United States and risk sentiment helped the dollar climb to its highest level in more than a month. The rupee was at 83.1050 against the U.S. dollar as of 10:25 a.m. IST, …

Rupee edges lower tracking fall in Asian peers, forward premiums recede Read More »

MUMBAI (Reuters) – A cold wave bringing dense fog this week to parts of northern India disrupted flights for a fourth straight day on Wednesday, delaying more than 100 and forcing cancellations of about 20. Weather authorities forecast five more days of fog, with minimum temperatures on Tuesday ranging from 2 degrees Celsius to 5 …

Cold wave in north India disrupts flights for fourth day Read More »

MUMBAI (Reuters) – India’s Supreme Court halted on Tuesday plans for a survey of a centuries-old mosque to determine if it contained Hindu relics and symbols, just days before another key temple, built on a razed mosque, is set to be inaugurated. Prime Minister Narendra Modi will preside at Monday’s event centred on a temple …

India’s top court halts plans for survey of centuries-old mosque Read More »

(Reuters) – Dense fog swathed large parts of northern India on Tuesday for the third straight day of an intense cold wave, reducing visibility to disrupt more than 160 flights. As many as 128 flights from the international airport in New Delhi, the capital, were delayed, with 33 cancelled, aviation site Flightradar24 showed, an effect …

Indian air traffic disrupted on third day of dense fog Read More »

BENGALURU (Reuters) – S&P Global Ratings upgraded Vedanta Resources, the London-based parent of Indian miner Vedanta Ltd, on Monday, citing a more “manageable” debt maturity profile after a recent debt restructuring, which the rating agency blamed for a downgrade just days back. The rating agency raised its long-term issuer credit rating on Vedanta Resources from …

S&P upgrades Vedanta Resources just days after a downgrade Read More »

By Shivangi Acharya NEW DELHI (Reuters) – Higher exports helped India’s merchandise trade deficit come in lower than expected at $19.8 billion in December, data showed on Monday, though officials signalled that the turmoil in the Red Sea could have an impact on this month’s figures. Economists polled by Reuters had expected a merchandise trade …

India sees December exports boost, but all eyes on Red Sea Read More »

MUMBAI (Reuters) – Indian financial technology (fintech) firms should create a self-regulatory organisation (SRO) that will ensure statutory and regulatory compliance, the Reserve Bank of India (RBI) said in a draft framework released on Monday. The body would work towards strengthening governance standards and addressing the sector’s needs and challenges, the central bank said. The …

India cenbank issues draft framework for fintech self-regulatory body Read More »

BENGALURU (Reuters) – An infrastructure investment trust (InvIT) backed by India’s Mahindra Group and Canada’s Ontario Teachers’ Pension Plan Board made its trading debut on Monday, with an offer size of 22.63 billion rupees ($273 million), the two entities said. Sustainable Energy Infra Trust (SEIT) — formed to own and operate renewable power generation assets …

India’s Mahindra Group-backed infra investment trust goes public Read More »

By Bharath Rajeswaran and Manvi Pant BENGALURU (Reuters) – India’s blue-chip indexes hit record highs for a second consecutive session on Monday, led by information technology stocks after better-than-expected results from HCLTech and Wipro. The NSE Nifty 50 index added 0.93% to 22,097.45 points, while the S&P BSE Sensex climbed 1.05% to 73,327.94. The Nifty …

IT powers Indian shares to record highs for second straight session Read More »