Reuters India Top

By Vivek Mishra and Rahul Trivedi BENGALURU (Reuters) – Home prices in India are set to rise steadily over the next few years, driven by demand for luxury properties from cash-rich individuals, according to a Reuters poll of housing experts who forecast rent increases will outpace consumer inflation. While economic growth in Asia’s third-largest economy …

Luxury property frenzy set to drive up home prices in India: Reuters poll Read More »

By Rajendra Jadhav MUMBAI (Reuters) – India is forecast to receive above-average rainfall in September after surplus rains in August, the weather department said on Saturday. The rainfall in September is likely to be more than 109% of a 50-year average, Mrutyunjay Mohapatra, director-general of the India Meteorological Department, told a virtual news conference. Above-normal rainfall …

India braces for another month of above-average rainfall in September Read More »

(Reuters) – India’s economy grew by 6.7% in the April-June quarter from a year earlier, compared with 7.8% growth in the previous quarter, government data showed on Friday. A Reuters poll had predicted a 6.9% expansion in India’s gross domestic product for the quarter ending June 30. COMMENTARY YUVIKA SINGHAL, ECONOMIST, QUANTECO RESEARCH, NEW DELHI …

Instant view: India’s economy grows 6.7% y/y in April-June quarter Read More »

BENGALURU (Reuters) – Indian baby products retailer FirstCry’s quarterly loss narrowed from a year earlier on the back of strong demand, it said on Friday in its first earnings report since going public earlier this month. The company’s consolidated net loss narrowed to 567.1 million rupees (about $7 million) in the quarter ended June 30, …

Indian baby products retailer FirstCry’s first-quarter loss narrows as demand swells Read More »

By Dharamraj Dhutia and Siddhi Nayak MUMBAI (Reuters) – The Indian Banks’ Association is likely to ask the central bank to reduce the amount of additional funds lenders will need to set aside against some retail deposits and also seek a delayed and gradual implementation of the proposal, seven sources told Reuters. The Reserve Bank …

Indian banks’ body to seek easing of proposed norms for retail deposits, sources say Read More »

By Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee gained slightly on Friday on the back of inflows into local stocks but importers’ dollar demand limited the gains. The rupee was at 83.84 against the U.S. dollar as of 10:25 a.m. IST, against its close at 83.87 in the previous session. Despite expectations of inflows …

Rupee rises on equity inflows but importers’ dollar bids cap gains Read More »

By Bharath Rajeswaran BENGALURU (Reuters) – Indian shares hit a fresh peak on Friday, tracking gains in regional peers, after U.S. economic data eased growth concerns, while investors await domestic quarterly growth data. The NSE Nifty 50 index was up 0.27% at 25,218.85 as of 10:15 a.m. IST, while the S&P BSE Sensex added 0.23% …

Indian shares hit record highs, set to post third straight monthly gain Read More »