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BENGALURU (Reuters) – Shares of Indian conglomerate Vedanta fell to their lowest in over a year on Wednesday after Moody’s Investors Service downgraded parent Vedanta Resources’ senior unsecured bonds, citing a high risk of debt restructuring in the coming months. The rating agency also raised concerns about the ability of Vedanta Resources’ operating subsidiaries to …

India’s Vedanta hits over 1-year low after Moody’s downgrades parent Read More »

By Ira Dugal MUMBAI (Reuters) – The Reserve Bank of India will likely buy dollars from the market and absorb rupee liquidity by selling bonds as flows related to India’s inclusion in global bond indices begin, JPMorgan’s head of emerging market economics told Reuters. “Investors assuming that the inflows will lead to an appreciation in …

India’s “activist” cenbank to temper rupee, bond gains post index inclusion -JPMorgan’s Aziz Read More »

By Milounee Purohit BENGALURU (Reuters) – India will be the fastest-growing major economy this fiscal year, supported by government spending ahead of May’s general election, according to a Reuters poll of economists who did say the forecast risks were skewed to the downside. While Narendra Modi’s government increased spending in the past few years to …

India to hold top spot for economic growth but risks to downside remain: Reuters poll Read More »

MUMBAI (Reuters) – India’s federal government has re-appointed M. Rajeshwar Rao as the Reserve Bank of India’s (RBI) deputy governor for one year with effect from Oct. 9, or until further orders, the central bank said on Tuesday. Rao was appointed as the deputy governor of the RBI in October 2020 for a period of …

India re-appoints M Rajeshwar Rao as RBI deputy governor for 1 year Read More »

(Reuters) – The U.S. FDA is cracking down on lax testing practices by dozens of makers of healthcare products following hundreds of deaths overseas from contaminated cough syrups, a Reuters review of regulatory alerts found. The Food and Drug Administration has reprimanded at least 28 companies this year, saying they failed to prove sufficient testing …

Cough syrup deaths overseas prompt US crackdown on toxic testing Read More »

By Ira Dugal MUMBAI (Reuters) – India could be among the three fastest growing markets for JPMorgan in the Asia Pacific region next year, alongside Australia and Japan, said a top official at the Wall Street bank. “People are starting to get excited about the whole China plus one element and while other countries have …

JPMorgan sees India in its top 3 fastest-growing Asia markets in 2024 Read More »