Reuters India Top

By Milounee Purohit BENGALURU (Reuters) – India’s retail inflation likely picked up in November due to higher food prices after declining for three months, bringing it closer to the upper end of the Reserve Bank of India’s (RBI) 2%-6% target range, a Reuters poll found. Volatile food prices, which account for almost half of the …

India inflation likely rebounded in November on higher food prices – Reuters poll Read More »

BENGALURU (Reuters) -India’s largest private port operator Adani Ports and Special Economic Zone is in early talks to acquire real-estate conglomerate Shapoorji Pallonji Group’s (SP Group) Gopalpur port in Odisha for about 11-12 billion rupees ($132-$144 mln), The Economic Times reported on Thursday. The deal could potentially be Adani Ports’ sixth acquisition of a port …

India’s Adani Ports looks to buy SP Group’s Gopalpur port in Odisha – ET Read More »

By Nimesh Vora MUMBAI (Reuters) – The Indian rupee is expected to decline at open on Thursday as poor risk appetite fuelled demand for the safe-haven U.S. dollar. Non-deliverable forwards indicate the rupee will open at around 83.35-83.36 to the dollar compared with 83.3250 in the previous session. Brent crude plunged nearly 4% on Wednesday …

India rupee to struggle as weak risk boosts safe-haven dollar Read More »

BENGALURU (Reuters) -India’s Paytm will issue fewer sub-50,000-rupee (about $600) personal loans, the digital payments firm said on Wednesday, weeks after the central bank tightened rules on consumer lending after a surge in demand. The non-bank lender said it will expand its portfolio of higher-ticket personal and commercial loans to lower-risk and high-credit-worthy customers, expecting “good demand” …

India’s Paytm to curtail low-value personal loans after cenbank clampdown Read More »

MUMBAI (Reuters) – India’s market regulator and its central bank share concerns over instances of alternate investment funds (AIFs) being used to mask bad loans in the financial system, a top official said on Wednesday. The Securities and Exchange Board of India (SEBI) has seen “dozens of cases” of “egregious regulatory violations” by AIFs, such …

India’s market regulator, cenbank share concern on some credit funds masking bad loans – official Read More »

MELBOURNE (Reuters) – Australia all-rounder Glenn Maxwell says the Indian Premier League (IPL) has been so good to him that he will play in the lucrative T20 competition until he “can’t walk anymore”. The IPL has been the perfect platform to showcase Maxwell’s explosive batting and the 35-year-old is one of four foreign recruits Royal …

Cricket-Maxwell to play in IPL until he ‘can’t walk anymore’ Read More »

By Bharath Rajeswaran BENGALURU (Reuters) -India’s benchmark indexes advanced to fresh record highs for the third consecutive session on Wednesday, led by energy stocks on moderating oil prices and information technology (IT) shares on growing bets of a rate cut in the U.S. in March. The NSE Nifty 50 index rose as much as 0.23% …

Energy, IT shares lead Indian stocks to fresh all-time highs Read More »

NEW DELHI (Reuters) – The Indian government has detected goods and services tax (GST)evasion of 1.51 trillion rupees ($17.99 billion) in 2023/24, and recovered tax worth 185.4 billion rupees up to October, according to data shared by the finance ministry on Tuesday. The highest tax evasion of 844 billion rupees was detected in the industrial …

India detects $18 billion goods and services tax evasion in Apr-Oct Read More »