Reuters India Top

MUMBAI (Reuters) – The world must cooperate to tackle the greatest challenges of climate change, terrorism, and pandemics, Prime Minister Narendra Modi said on Thursday as India began its year-long presidency of the Group of 20 (G20). The Ukraine conflict, which started with a Russian invasion in February, dominated a two-day G20 summit in Indonesia …

Modi urges unity on ‘greatest challenges’ as India assumes G20 presidency Read More »

By Nimesh Vora MUMBAI (Reuters) – The Indian rupee was higher against the U.S. currency on Thursday after U.S. Federal Reserve Chair Jerome Powell’s comments prompted traders to dump the dollar. The rupee was at 81.12 per U.S. dollar by 10:30 a.m. IST, up from 81.4225 in the previous session. At one point, the local …

Rupee rises to 2-week high on dollar selloff post Powell’s comments Read More »

By Anant Chandak BENGALURU (Reuters) – India’s factory activity expanded at its fastest pace in three months in November, a private survey showed on Thursday, signalling resilient demand despite deteriorating global economic conditions as input cost inflation fell to a two-year low. Consumer inflation in South Asia’s largest economy eased significantly in October to 6.77% …

India Nov factory activity hits 3-month high as inflation cools Read More »

NEW DELHI (Reuters) – India’s unemployment rate rose to 8.0% in November, highest in three months, from 7.77% in the previous month, data from the Centre for Monitoring Indian Economy (CMIE) showed on Thursday. The urban unemployment rate rose to 8.96% in November from 7.21% in the previous month, while the rural unemployment rate slipped …

India’s jobless rate rises to three-month high of 8% in Nov – CMIE Read More »

BENGALURU (Reuters) -The Singapore Exchange and the National Stock Exchange of India said on Wednesday the full-scale operation of their international financial centre, NSE IFSC-SGX Connect, is targeted to be ready by the end of the second quarter of 2023. The transition of trading of SGX Nifty to NSE IFSC through the Connect was expected …

NSE, SGX aim to start joint derivatives project by second quarter Read More »

BENGALURU (Reuters) – India posted an economic growth of 6.3% in its July-September quarter, far slower than the 13.5% growth reported in the previous three months as distortions caused by COVID-19 lockdowns faded in Asia’s third-largest economy. Government capital spending increased more than 40% during the quarter as the federal government stepped up expenditure on …

Instant View: India’s second-quarter GDP growth slows to 6.3% on higher prices Read More »

NEW DELHI (Reuters) – India may look at the reclassification of certain assets, such as gold, for computation of capital gains tax, news website ET Now said on Wednesday, citing sources. (Reporting by Shivam Patel in New Delhi; Editing by Clarence Fernandez)

BENGALURU (Reuters) -Tata Group is in talks to buy Wistron Corp’s only manufacturing facility in India for up to 50 billion rupees ($612.6 million), the Economic Times business daily reported Wednesday, citing people familiar with the discussions. If it fails to strike a deal to buy the facility in the southern Indian state of Karnataka, …

Tata in talks to buy Wistron’s India facility for up to $613 million -report Read More »

By Nimesh Vora MUMBAI (Reuters) – The Indian rupee was trading higher against the U.S. dollar on Wednesday, in tandem with other Asian currencies that managed to add to their advance in the previous session. The rupee was at 81.6150 per U.S. dollar by 10:26 a.m. IST, compared with 81.72 on Tuesday. It reached an …

Rupee rises on positive Asian cues, runs into 81.50 resistance Read More »