By Nimesh Vora MUMBAI (Reuters) – The Indian rupee declined against the U.S. currency on Thursday on the dollar’s recovery against its major peers and weak Asian cues, and forward premiums rose to the highest level this month. The rupee last traded at 82.76 to the dollar, down from 82.46 in the previous session. Dollar …
Rupee falls on dollar index’s recovery, forward premiums at 2-wk high Read More »
By Tanvi Mehta NEW DELHI (Reuters) – A surge in travel that overwhelmed India’s busiest airport this week as the holiday season sets in has eased after authorities added staff and security equipment to cope with the surge in travellers. Passengers queued for hours to pass through check-in and security at the main domestic and …
India boosts facilities at Delhi airport to ease year-end travel congestion Read More »
By Devayani Sathyan BENGALURU (Reuters) – India’s current account deficit likely rose to its highest in nearly a decade in the July-September quarter as elevated commodity prices and a weak rupee stretched the trade gap even further, a Reuters poll of economists found. A revival in domestic demand in Asia’s third-largest economy since the COVID-19 …
India’s Q3 current account deficit likely shot up on widening trade gap: Reuters poll Read More »
NEW DELHI (Reuters) -India is seeing a fall in demand for jobs under a rural employment guarantee programme, the finance minister told parliament on Wednesday. “In rural areas, the demand for MGNREGA in the recent past is coming down,” said Nirmala Sitharaman, referring to the Mahatma Gandhi National Rural Employment Guarantee Act. “MGNREGA is a …
India seeing fall in demand for rural job programme – finance minister Read More »
CHENNAI (Reuters) – Sula Vineyards Ltd’s initial public offering was oversubscribed on Wednesday with bids worth 15.65 billion rupees ($189.63 million), although some analysts had expected still more demand for India’s largest wine producer. Investors had bid for 43.8 million shares by the final day of bidding, 2.33 times the 18.8 million shares on offer, …
Indian winemaker Sula’s IPO oversubscribed with bids worth $190 million Read More »
(Reuters) – India’s Cheteshwar Pujara and Shreyas Iyer combined in a 149-run stand for the fifth wicket to help the tourists overcome a top order wobble and reach 278-6 against Bangladesh on the opening day of the first test in Chittagong on Tuesday. Iyer was batting on 82, a fine knock that included 10 fours, …
Cricket-Pujara, Iyer rescue India after top order collapse against Bangladesh Read More »
By Nidhi Verma NEW DELHI (Reuters) – Russia’s flagship Urals crude has been sold at deeper discounts this month following a European ban on Russian oil imports, and dominant buyer India has bought barrels at well below a $60 price cap agreed by the West, four market sources said. The European Union ban on imports …
Exclusive-Russian oil sold to India below price cap in buyers’ market Read More »
(Reuters) – Thirty-four years after Indian batting great Sachin Tendulkar scored his maiden first-class century on debut, his son Arjun celebrated the same achievement in the Ranji Trophy on Wednesday. Playing for Goa against Rajasthan, Arjun struck 120 runs off 207 balls, smashing 16 fours and two sixes on day two of their first innings …
Cricket-Like father, like son; 34 years later Arjun emulates Sachin Tendulkar Read More »
BENGALURU (Reuters) – State Bank of India on Wednesday approved raising up to 100 billion rupees ($1.21 billion) in additional tier-1 capital by issuing debt in rupees or other convertible currencies. ($1 = 82.5280 Indian rupees) (Reporting by Chris Thomas in Bengaluru; Editing by Vinay Dwivedi)
By Sarita Chaganti Singh NEW DELHI (Reuters) – India’s largest power producer NTPC Ltd aims to sell a 20% stake in its green energy business this fiscal year, expecting to raise up to 30 billion Indian rupees ($363.97 million), three government sources said. The deal marks the first green transaction by an Indian state company, …
Exclusive-Indian power producer NTPC to sell stake in green energy business- sources Read More »
