By Indradip Ghosh BENGALURU (Reuters) – India’s stock market, which rallied to a record high this week, is forecast to rise another 9% by the end of 2023 despite widespread expectations of a gradual slowdown in the economy, according to market experts polled by Reuters. The benchmark BSE Sensex Index touched an all-time record high …
India stocks to rise 9% by end-2023 despite slowing economy: Reuters poll Read More »
MUMBAI (Reuters) – An Israeli filmmaker’s criticism of a film depicting the exodus of India’s majority Hindu population from the disputed region of Kashmir has sparked an uproar in India and prompted an apology from the Israeli ambassador. Nadav Lapid, an Israeli filmmaker who headed the jury at a government-organised film festival in the Indian …
Israeli ambassador to India apologises after filmmaker’s remarks spark uproar Read More »
BENGALURU (Reuters) – Indian chemicals-to-energy conglomerate Inox GFL said on Tuesday its wind businesses paid 4.11 billion Indian rupees ($50.3 million) to reduce debt. Inox Wind Ltd and Inox Green Energy Services Ltd, which made its stock market debut last week, have paid 2.50 billion rupees and 1.66 billion rupees, respectively, Inox GFL said in …
India’s Inox GFL says wind businesses pay $50 million to reduce debt Read More »
By Munsif Vengattil and Jose Devasia VIZHINJAM, India (Reuters) -A Hindu group close to India’s ruling party will on Wednesday march in support of a $900 million port project by the Adani Group which has been stalled by Christian protesters, as tensions rise after clashes in which 80 people were injured. Construction work at the …
Hindu group to march for Adani port project in India amid Christian protests Read More »
NEW DELHI (Reuters) – India’s finance ministry will meet banks on Dec. 5 to discuss international trade settlement in rupees, a banking source said on Tuesday. The meeting will include representatives of all public sector banks, the central bank and some private banks and exporters, the source told Reuters. (Reporting by Nikunj Ohri in New …
India, banks to discuss international trade settlement in rupees – source Read More »
MUMBAI (Reuters) – India’s capital market regulator has placed caps on the share of assets an actively managed fund can park in a single company’s debt instruments, though the limit varies based on each issuer’s credit rating. Similar caps already exist for passive funds, such as exchange-traded funds, and are intended to reduce the risk …
India’s SEBI limits active debt funds’ single-company exposure Read More »
By Shivam Patel NEW DELHI (Reuters) – Thick smog engulfed India’s capital New Delhi on Tuesday as air pollution worsened with the setting in of winter, shooting up concentrations of fine particles in the air three times above the acceptable limits. The world’s most polluted capital city struggles to breathe easy every winter as cold …
Smog engulfs Indian capital as winter pollution worsens Read More »
By Nidhi Verma NEW DELHI (Reuters) – The panel reviewing natural gas prices in India is set to recommend linking the price of most local output to an Indian crude basket, and also suggest a price cap that would be about 25% lower than current rates, industry sources told Reuters. The panel, which is likely …
India panel to favour linking local gas prices to local crude basket -sources Read More »
By Anushka Trivedi MUMBAI (Reuters) – The Indian rupee eked out slim gains on Tuesday, as the Chinese yuan clawed back losses, but stayed within its recent narrow trading range. The rupee was up 0.05% to 81.63 per U.S. dollar by 10:40 a.m. IST, having opened at 81.58. It has traded between these two levels …
Rupee stays pinned in narrow range as Chinese yuan rebounds Read More »
By Jose Devasia and Munsif Vengattil KOCHI, India (Reuters) -More than 80 people were wounded in India as villagers protesting to halt construction of the $900-million Vizhinjam port project by India’s Adani Group clashed with police in Kerala state, the latest escalation in a months-long strike. The protests, by a mostly Christian fishing community against …
Protesters, police clash over Adani port in India’s Kerala; over 80 hurt Read More »
