By Amlan Chakraborty (Reuters) – If the bigger boundaries at most grounds have lifted the spirits of bowlers converging on Australia for the T20 World Cup, they do well to temper their optimism with a flood of runs predicted by some from the tournament’s Super 12 stage. Cricket’s shortest format is unapologetically batter-biased and bowlers, …
Cricket-Bowlers beware! High totals loom in T20 World Cup Read More »
By Anushka Trivedi MUMBAI (Reuters) – Indian exporters are holding back on dollar sales on hopes of a further slide in the rupee, eyeing a windfall as the local currency plumbs record lows this year. The rupee breached the 83 per dollar mark in a dramatic fashion on Wednesday, once the Reserve Bank of India …
Indian exporters hold off dollar sales eyeing better returns, hurting rupee Read More »
By Sunil Kataria TULSI, India (Reuters) – A man sporting a black cap and pink T-shirt sits on a bullock cart, pile of grass behind him, and busts a rhyme to a camera while riding across the dusty streets of India’s Tulsi village. The hip-hop video is just one of many home-grown, Bollywood-inspired productions being …
In Indian village, residents take to YouTube to fulfil their Bollywood dreams Read More »
BENGALURU (Reuters) – India is seeking a valuation of around 640 billion rupees ($7.73 billion) for state-owned IDBI Bank Ltd, Bloomberg News reported on Friday, as part of the government’s stake-sale in the lender. Earlier this month, India had invited bids for a 60.72% stake in the bank, which is 45.48% owned by the government …
India pushes for $7.7 billion value for IDBI Bank in stake sale- Bloomberg Read More »
By Nimesh Vora MUMBAI (Reuters) – The Indian rupee recouped from its initial decline versus the U.S. dollar and was little changed on Friday, as traders assessed the outlook for the local unit after the previous day’s choppy session. The rupee was trading at 82.7650 to the dollar at 0456 GMT, barely changed from 82.7600 …
Rupee little changed after initial losses; U.S. yields, RBI eyed Read More »
By Rama Venkat BENGALURU (Reuters) -Indian shares scaled to a one-month high on Friday, as strong corporate earnings reports, including from Axis Bank, helped resist weakness in global markets on fears of the impact of aggressive rate hikes on economic growth and corporate results. The NSE Nifty 50 index was 0.37% higher at 17,628.30, as …
Indian shares hit one-month peak, Axis Bank at record high Read More »
By Dharamraj Dhutia MUMBAI (Reuters) – Indian corporates are likely to raise double the amount of funds through the public issue of bonds in the second half of this fiscal than they did in the first, as tighter systemic liquidity and lower fixed deposit rates make these instruments attractive, analysts said. “There is a vast …
Indian firms’ fundraise via public bond sales to double in H2 –analysts Read More »
(This Oct. 12 story has been corrected to remove incorrect reference to pharmaceutical company based in Atlanta in paragraphs 17 & 18) By Tanvi Mehta and Krishna N. Das NEW DELHI (Reuters) – Indian health authorities said on Wednesday they had halted all production of New Delhi-based Maiden Pharmaceuticals after a WHO report that its …
India finds serious violations at firm linked to Gambia deaths, suspends production Read More »
NEW DELHI (Reuters) – Talks on free trade agreements between India and Britain remain on track, and India will “wait and watch” the situation following the change in British leadership, India’s trade minister said on Thursday. India and Britain launched negotiations in January this year for a pact that aims to double bilateral trade to …
All FTA talks, including with the UK, “on track”, India trade min says Read More »
BENGALURU (Reuters) – Cigarettes-to-hotel conglomerate ITC Ltd posted a 20.8% rise in second-quarter profit that beat estimates, driven by demand for its cigarettes and snacks. The maker of Classic cigarettes, Sunfeast biscuits and Bingo chips reported a profit of 44.66 billion Indian rupees ($541.18 million) for the quarter ended Sept. 30, compared to a profit …
India’s ITC posts profit beat as cigarette and snacks sales rise Read More »
