MUMBAI (Reuters) -The Reserve Bank of India has revised its guidelines on how banks need to categorise their investments in a bid to align them with global standards, it said in a release on Tuesday. Banks will have to classify investments into three categories – available for sale (AFS), held to maturity (HTM) and a …
India cenbank revises banks’ investment classification, valuation norms Read More »
(Reuters) – India’s annual retail inflation eased to 6.83% in August from a 15-month high of 7.44% in July as food prices moderated, government data showed on Tuesday. A Reuters poll of 45 economists had forecast a rate of 7%. Food inflation, which accounts for nearly half of the overall basket, was up 9.94% in …
India’s retail inflation eases to 6.83% in August Read More »
(Reuters) – Canadian Prime Minister Justin Trudeau’s plane has been cleared to fly from India’s capital after a technical fault was resolved, a spokesperson for the PM’s office told Reuters on Tuesday. “The Canadian delegation is expected to depart this afternoon”, the spokesperson added. Trudeau’s departure from India was delayed on Sunday after the aircraft he …
Canada PM’s plane cleared to fly from India after fault resolved Read More »
By Jaspreet Kalra and Siddhi Nayak MUMBAI (Reuters) – The Reserve Bank of India (RBI) is working with lenders to introduce new features to popularise the central bank digital currency (CBDC), the so-called e-rupee, according to six people familiar with the matter. Retail CBDC transactions are averaging close to 18,000 a day, way short of …
India cenbank, banks plan new features to boost digital currency transactions – sources Read More »
By Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee was marginally higher on Tuesday, but some traders reckoned that the recent price action signalled that the currency was unlikely to have much upside. The rupee was at 82.98 as of 10:50 a.m. IST, compared with 83.03 in the previous session. The currency had opened at …
Rupee rises, but price action seen not too encouraging Read More »
By Bharath Rajeswaran BENGALURU (Reuters) -India’s stock market investors have a lot to cheer about as the country’s economic strength keeps foreign investors tethered, while local inflows underpin a rally that lifted the benchmark Nifty 50 to 20,000 points for the first time on Monday. The Indian economy grew 7.8% in the April-June quarter and …
India’s Nifty: 20,000 and counting as retail, foreign investors seen fueling rally Read More »
(Reuters) -India beat rivals Pakistan by 228 runs after Virat Kohli passed 13,000 in one-day internationals en route to his 47th century and KL Rahul marked his return from injury with a ton in a lopsided Asia Cup Super Four clash in Colombo on Monday. Pakistan’s batsmen, needing a daunting 357 for victory after Kohli …
Cricket-Kohli, Rahul fire as India thump Pakistan in Asia Cup Read More »
By Bhakti Tambe MUMBAI (Reuters) – India’s Edelweiss Alternatives has launched its first climate fund and is aiming to raise up to $500 million from overseas institutional investors, a senior executive told Reuters on Monday. The climate fund, registered in Singapore, will invest in related projects of Indian companies, primarily in the form of equity, …
Edelweiss Alternatives eyes $500 million corpus for its first climate fund – executive Read More »
By M. Sriram and Aditya Kalra MUMBAI/NEW DELHI (Reuters) -Indian education giant Byju’s is looking to sell two companies it acquired in 2021 – Great Learning and Epic – to raise up to $1 billion in an effort to streamline its businesses and repay lenders, two sources with direct knowledge of the matter told Reuters. …
India’s Byju’s looks to raise $1 billion with sale of Great Learning, Epic Read More »
By Nikunj Ohri NEW DELHI (Reuters) -India may reconsider allowing local firms to list on foreign exchanges, Finance Minister Nirmala Sitharaman said on Monday, signalling New Delhi could revive a plan put on hold due to domestic opposition and tax concerns. Under current regulations, Indian firms are not allowed to list directly on overseas exchanges. …
Delhi may relook at allowing Indian companies to list overseas -Finance Minister Read More »
