By Dharamraj Dhutia MUMBAI (Reuters) – Tight liquidity conditions and sticky inflation will keep the four-year to 10-year part of the Indian government bond yield curve inverted, traders said on Monday. “The curve has inverted because of tight liquidity expectations for September, and materially we do not see anything changing until the end of this …
NEW DELHI (Reuters) – Indian Prime Minister Narendra Modi said he met Saudi Crown Prince Mohammed bin Salman on Monday and the two leaders reviewed trade ties and expressed confidence in improving commercial links between the two nations. “The scope for cooperation in grid connectivity, renewable energy, food security, semiconductors, supply chains is immense,” Modi …
India’s PM Modi reviews trade ties in meeting with Saudi crown prince Read More »
By VarunVyas Hebbalalu and Navamya Ganesh Acharya BENGALURU (Reuters) – Thousands of Uber and Ola call service taxis stayed off the roads of Bengaluru on Monday during a larger transport strike, affecting commuters, including school students and office workers, in India’s Silicon Valley city. The strike was called to protest against a state government scheme …
By Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee rose on Monday, tracking a yuan rally after China’s forex regulator remarked that it would resolutely fend off risks of the currency overshooting. The rupee was at 82.8675 by 11:15 a.m. IST against the U.S. dollar, compared to the close of 82.9450 in the previous session. …
Rupee advances tracking yuan rally on comments from China forex regulator Read More »
By Bharath Rajeswaran BENGALURU (Reuters) -Indian benchmarks inched towards record highs on Monday, led by financials, with their gains in contrast to a drop in Asian markets ahead of key macroeconomic data from major economies. The Nifty 50 index was up 0.53% at 19,925.20 by 10:00 a.m. IST, while the S&P BSE Sensex rose 0.48% …
Financials lead rise in Indian shares towards record highs ahead of key macro data Read More »
By Sanjeev Miglani NEW DELHI (Reuters) – Leaders of the world’s 20 big economies ended a summit in the Indian capital on Sunday overcoming deep divisions over the war in Ukraine to produce a consensus document and move forward on issues such overhauling institutions like the World Bank. They also formally admitted the African Union …
Key takeaways from the 2023 G20 summit in New Delhi Read More »
By Manoj Kumar and Mayank Bhardwaj NEW DELHI (Reuters) -India’s strong leadership made it possible for G20 leaders to reach consensus in intense discussions on a summit message urging nations to shun use of force in territorial disputes, a senior European Union official said on Sunday. For weeks before the New Delhi meeting, the bloc …
India’s leadership key to agreeing G20 summit message, EU official says Read More »
(Reuters) – The Group of 20 nations adopted a consensus declaration at a summit on Saturday that avoided condemnation of Russia for the war in Ukraine but called on all states to refrain from the use of force to seize territory. The consensus came as a surprise as the group is deeply divided over the …
Highlights of G20 leaders’ declaration on first day of summit Read More »
LONDON (Reuters) – British Prime Minister Rishi Sunak said on Saturday he was confident a free trade deal with India could be secured but cautioned there was still hard work to do. “There’s a desire on both of our parts to see a successful trade deal concluded…but there is a lot of hard work that’s …
UK’s Sunak says hard work needed to secure India trade deal Read More »
By Tanvi Mehta NEW DELHI (Reuters) – Prime Minister Narendra Modi’s placard at the opening of the G20 summit on Saturday referred to India as “Bharat”, raising speculation of a change of name for the South Asian nation. India is also called Bharat, Bharata, Hindustan – its pre-colonial names – in Indian languages and these …
Modi uses ‘Bharat’ for G20 nameplate, not India, amid name-change row Read More »
