By Aditi Shah and Tim Hepher NEW DELHI (Reuters) -Delays in getting airplane deliveries from Airbus due to supply chain disruptions are limiting IndiGo’s ability to grow as quickly as it would like in some markets, the airline’s Chief Executive Officer Pieter Elbers said on Monday. India’s aviation market is booming as demand for air …
IndiGo CEO says delayed jet deliveries limiting growth Read More »
By Sakura Murakami and Krishn Kaushik TOKYO/NEW DELHI (Reuters) – Japan’s Prime Minister Fumio Kishida on Monday announced a new plan to promote an open and free Indo-Pacific, promising billions of dollars in investment to help economies across the region in everything from industry to disaster prevention. The plan he announced in New Delhi is …
Japan plans $75 billion investment across Indo-Pacific to counter China Read More »
By Siddhi Nayak MUMBAI (Reuters) – Turbulence in the United States and the European banking sectors has prompted Indian policymakers to assure investors that the domestic financial institutions are resilient. Prime Minister Narendra Modi and Central Bank Governor Shaktikanta Das have both said that local lenders are strong, after the U.S. banking crisis spilled over …
Explainer-How resilient are Indian lenders amid a global banking turmoil? Read More »
NEW DELHI (Reuters) – Japan’s Prime Minister Fumio Kishida said on Monday he confirmed with his Indian counterpart Narendra Modi that they would strengthen cooperation between the two nations. Kishida was speaking to reporters in New Delhi. (Reporting by Sakura Murakami, writing by Kaori Kaneko; Editing by Bernadette Baum)
By Bharath Rajeswaran BENGALURU (Reuters) -Indian shares closed lower on Monday with investors fretting about contagion risks in the global banking system, as relief from a historic Swiss-backed acquisition of troubled Credit Suisse by UBS Group turned out to be short-lived. The Nifty 50 index was down 0.65% at 16,988.40, while the S&P BSE Sensex …
Indian shares fall as banking contagion fears sour mood Read More »
By Dharamraj Dhutia MUMBAI (Reuters) – Indian government bond yields were marginally lower on Monday, mirroring U.S. peers, while the rescue of a European lender and dipping odds of a rate hike by the Federal Reserve this week further aided sentiment. The 10-year benchmark 7.26% 2032 bond yield was at 7.3361% as of 10:00 a.m. …
Indian bond yields dip tracking U.S. peers; Fed meet eyed Read More »
MUMBAI (Reuters) – India’s macroeconomic stability will not be affected by the collapse of Credit Suisse and two U.S. lenders, the country’s economic affairs secretary told The Economic Times. Global capital flows might be adversely affected in the event of the crisis getting more pronounced, Ajay Seth told the newspaper in an interview. “India’s macroeconomic …
India’s macro stability won’t be affected by bank crisis, official tells ET Read More »
By Anushka Trivedi and Dharamraj Dhutia MUMBAI (Reuters) – This week, the Indian rupee and government bond yields are expected to take cues from the Federal Reserve’s guidance at a pivotal monetary policy meeting amid the turmoil in the U.S. and European banking sectors. On Sunday, UBS Group AG sealed a deal to buy Credit …
Indian rupee, bond yields await Fed policy move for cues Read More »
BENGALURU (Reuters) – Indian digital payments firm PhonePe said on Friday it has raised $200 million from majority backer Walmart Inc at a pre-money valuation of $12 billion. PhonePe, already India’s most valuable payments firm and among the country’s most highly-valued startups, said the investment is part of its ongoing fundraise of up to $1 …
Walmart pumps $200 million in Indian fintech PhonePe in ongoing fundraise Read More »
By Manoj Kumar and Rajendra Jadhav NEW DELHI/MUMBAI (Reuters) – Thousands of state employees in the western Indian state of Maharashtra held protests on Friday, joining employees in other states who are demanding higher pension benefits. After opposition-ruled states increased pension benefits, government employees in other states, particularly those ruled by Prime Minister Narendra Modi’s …
India’s Maharashtra state employees join protest for higher pension benefits Read More »
