By Nimesh Vora MUMBAI (Reuters) – The Indian rupee was hovering near its lowest level in over three weeks versus the U.S. dollar on Friday, pressured by worries over the acceleration in equity outflows. The rupee was at 82.2775 per dollar at 10:40 a.m. IST, compared with 82.1725 in the previous session and at its …
Rupee remains under pressure on concerns over equity outflows Read More »
By Anant Chandak BENGALURU (Reuters) – Robust growth in India’s services industry eased last month after touching a six-month high in December, with softening orders spurring caution in companies’ business outlooks for the year, a private business survey showed on Friday. The South Asian nation’s economy is expected to grow 6.0% to 6.8% next fiscal …
Strong India services growth dipped slightly in January Read More »
(Reuters) – At least 14 people died in a massive fire that broke out in an apartment in Dhanbad, a city in the eastern Indian state of Jharkhand, ANI reported on Tuesday, citing the deputy commissioner. Rescue operations are still under underway at the site, ANI said. (Reporting by Maria Ponnezhath in Bengaluru; Editing by …
At least 14 dead in apartment blaze in eastern India – ANI Read More »
By Nathan Gomes BENGALURU (Reuters) – BMW is evaluating the launch of more battery electric vehicles (EVs) in India, amid growing demand from luxury car buyers, Vikram Pawah, country president at the German carmaker, told Reuters in an interview. “We are going to have 25 electrified products (globally) by the end of 2023, of which …
BMW evaluates more EVs for India amid growing demand Read More »
CHENNAI/BENGALURU (Reuters) – India’s Procter & Gamble Hygiene and Health Care Ltd on Tuesday reported a drop in second-quarter profit, hit by higher cost of commodities and a slowdown in the broader fast-moving consumer goods (FMCG) sector in the country. Demand for health and hygiene goods has slowed from COVID lockdown-highs, while customers are also …
India’s P&G Hygiene and Health Care posts dip in Q2 profit as costs jump Read More »
HAIFA, Israel (Reuters) -Indian magnate Gautam Adani said on Tuesday he would keep investing in Israel after his group took over one of the country’s main ports. The entrance of Adani has spurred Israel’s leaders to revive hopes of creating a trade gateway connecting the Mediterranean port of Haifa and the broader Middle East, including …
India’s Adani says to keep investing in Israel after Haifa port takeover Read More »
BENGALURU (Reuters) – Entities of billionaire Gautam Adani on Tuesday pledged more shares of the conglomerate’s port unit as security to lenders, an exchange filing showed, amid a rout in the group’s stocks following a scathing short-seller attack. Emerging Market Investment and Flourishing Trade and Investment pledged a 2.69% stake in the Adani Ports and …
Entities of India’s Adani pledge more stake in ports arm Read More »
By Rajendra Jadhav MUMBAI (Reuters) – India’s gold consumption in 2022 fell 3% from a year earlier, as a rally in local prices to near-record highs curtailed bullion demand during the key December quarter, the World Gold Council (WGC) said on Tuesday. Lower consumption in the world’s second-biggest gold buyer could weigh on global prices, …
India’s 2022 gold consumption drops 3% as prices rally – WGC Read More »
BENGALURU (Reuters) – India’s IFB Industries Ltd posted a narrower third-quarter loss on Monday as weak sales of its home appliances were offset by strong results in its business that makes motors for white goods and for automotive applications. IFB’s consolidated net loss narrowed to 11.4 million rupees ($139,890) in the three months ended Dec. …
India’s IFB Industries posts narrower Q3 loss on engineering unit boost Read More »
By Rajendra Jadhav and Mayank Bhardwaj MUMBAI/NEW DELHI (Reuters) – Wheat prices in India, the world’s biggest consumer of the grain after China, have dropped nearly 13% from record highs since the government offer last week of 3 million tonnes to bulk consumers such as flour millers. Prime Minister Narendra Modi’s government on Wednesday allowed …
Indian wheat prices drop after Modi releases grain for flour millers Read More »
