MUMBAI (Reuters) – India’s foreign exchange reserves resumed their losing streak to fall to $583.53 billion as of Oct. 20, compared with $585.90 billion a week earlier, data from the Reserve Bank of India (RBI) showed on Friday. Reserves have dropped sharply in recent weeks, down by $14.2 billion in five weeks to Oct. 6, …
India’s forex reserves fall to $583.53 billion as of Oct 20 – cenbank Read More »
By Sarita Chaganti Singh and Gloria Dickie NEW DELHI/LONDON (Reuters) -India is unlikely to sign onto a global pledge to reduce cooling-related emissions at the COP 28 climate meeting, citing the need for the world’s most populous country to have affordable cooling, two government officials told Reuters. The pledge to cut cooling-related carbon dioxide emissions by at least …
India unlikely to join global cooling pledge at COP28 – govt sources Read More »
By Jaspreet Kalra MUMBAI (Reuters) – Indian banks are offering incentives for conducting transactions using the central bank digital currency, the e-rupee, nudged by the Reserve Bank of India to boost volumes, three sources said. The incentives range from cash-backs to reward points, similar to those offered by the banks on credit and debit cards, …
Indian banks offer incentives to lift digital currency transactions – sources Read More »
By Bharath Rajeswaran BENGALURU (Reuters) -India’s blue-chip stocks rose on Friday after logging losses for the past six sessions, after U.S. treasury yields retreated following weaker-than-expected inflation data, easing some rate-related worries. The NSE Nifty 50 index was up 0.85% at 19,016.85 as of 10:04 a.m. IST, while the S&P BSE Sensex rose 0.86% to …
Indian stocks rise after US inflation data breather Read More »
BENGALURU (Reuters) – India’s Adani Group is looking to raise as much as $4 billion to fund its green hydrogen plans, Bloomberg News reported on Thursday. Adani Enterprises’ unit Adani New Industries, which is in early-stage discussions with several lenders, will raise the money from domestic and international banks, the report said, citing people familiar …
India’s Adani Group to raise $4 billion to fund green hydrogen plans – Bloomberg News Read More »
NEW DELHI (Reuters) -A Qatar court has announced the death penalty for eight Indians arrested in the country last year, the Indian government said on Thursday, adding it was “deeply shocked” by the verdict. New Delhi said in a statement that it attaches “high importance to this case” and will “take up the verdict with …
Qatar court hands down death penalty verdict for eight Indians – India govt Read More »
BENGALURU (Reuters) – Colgate-Palmolive (India) reported a 22% rise in the second-quarter profit on Thursday, aided by rising urban demand for high-priced toothpastes and signs of growth in rural consumption. The company’s net profit rose to 3.40 billion rupees ($40.86 million) for the quarter ended Sept. 30 compared with 2.78 billion rupees a year earlier. …
Colgate-Palmolive’s Indian unit’s Q2 profit rises on higher demand Read More »
By Dharamraj Dhutia MUMBAI (Reuters) – The Reserve Bank of India is likely to meet senior officials from some banks on Nov. 2 and Nov. 3 to discuss the prevailing liquidity conditions in the banking system, seven treasury officials told Reuters on Thursday. “The central bank will meet officials at the executive director and chief …
India central bank to meet banks next week, liquidity to be discussed – sources Read More »
By Mayank Bhardwaj and Rajendra Jadhav NEW DELHI (Reuters) – India has been receiving steady supplies of lentils from its top supplier Canada, which has helped the South Asian country to increase imports in the first 10 months of 2023, a senior government official told reporters on Thursday. India imported 1.09 million metric tons of …
India’s lentils imports from Canada keep flowing despite tensions Read More »
BENGALURU (Reuters) – Indian agricultural chemicals maker Coromandel International Ltd on Thursday marginally missed profit estimates, hurt by muted demand for fertilisers and nutrients. Consolidated net profit after tax for the second quarter rose 2% to 7.57 billion rupees ($91.00 million) from 7.41 billion rupees a year earlier. Analysts, on average, expected a profit of …
India’s Coromandel International misses Q2 profit estimates on muted demand Read More »
