Reuters India Top

By Rajendra Jadhav and Mayank Bhardwaj MUMBAI/NEW DELHI (Reuters) – India is considering extending a ban on wheat exports as the world’s second-biggest producer seeks to replenish state reserves and bring down domestic prices, government sources said. The current ban was scheduled to be reviewed in April and top government officials from food, farm and …

Exclusive-India may extend wheat export ban to preserve local supplies – govt sources Read More »

By Jayshree P Upadhyay MUMBAI (Reuters) -India’s market regulator on Wednesday proposed that bondholders should have the right to object to related party transactions proposed by companies, which have listed high value debt securities. The regulator has asked for comments till Feb. 22. The Securities and Exchange Board of India (SEBI) said the proposal will …

India market regulator proposes bondholder nod for related party transactions Read More »

MUMBAI (Reuters) – Indian household’s inflation expectations for the current period moderated by 20 basis points to 9.6%, while consumer confidence improved further, the results of the Reserve Bank of India’s latest round of internal surveys conducted in January showed. India’s annual retail inflation rate eased to 5.72% in December from 5.88% in the previous …

Indian households’ inflation expectations moderating – RBI’s Jan survey Read More »

BENGALURU (Reuters) – Adani Power on Wednesday reported a 96% fall in third-quarter profit on rising fuel costs, and joined other group companies in saying it saw no material adverse impact from a possible independent review following a U.S. short-seller’s critical report on its businesses. The company, part of a larger conglomerate led by billionaire …

Adani Power profit slumps as fuel costs nearly double Read More »

By Rama Venkat and Bharath Rajeswaran BENGALURU (Reuters) -Indian shares held steady on Wednesday after the Reserve Bank of India delivered a smaller interest rate hike as widely expected, while embattled Adani Group shares recouped losses for a second straight day. The Nifty 50 index was up 0.68% at 17,840, as of 11:30 a.m. IST, …

Indian shares rise after RBI rate hike; Adani stocks jump Read More »

By Nimesh Vora MUMBAI (Reuters) – The Indian rupee was in a narrow range against the U.S. dollar on Wednesday ahead of the Reserve Bank of India’s policy decision. The rupee was at 82.6800 to the dollar by 09:50 IST, compared with 82.70 in the previous session. The local currency has been a five paisa …

Rupee barely budges ahead of RBI’s policy outcome Read More »