Reuters India

By Nandan Mandayam BENGALURU (Reuters) -India’s top carmaker Maruti Suzuki on Monday reported a better-than-expected first-quarter profit, helped by strong orders, and forecast a rise in average selling prices in the coming quarters. The company, which also revealed plans to buy its Japanese parent’s plant in Gujarat, said it did not see serious chip-shortage-related issues …

India’s Maruti tops profit view; to buy parent’s Gujarat plant Read More »

NEW DELHI (Reuters) -India’s infrastructure output expanded 8.2% year-on-year in June, its fastest pace in five months, as the sector was buoyant, government data showed on Monday. With the exception of the oil sector that fell 0.6% in June, the rest of the seven sectors posted year-on-year output growth, according to the data. “Growth has …

India’s June infrastructure output expands 8.2% Read More »

By Dharamraj Dhutia and Bhakti Tambe MUMBAI (Reuters) -Strong demand for infrastructure bonds sold by India’s largest lender could push other banks to tap the market, as appetite from long-term investors shows confidence, merchant bankers said on Monday. Earlier in the day, the State Bank of India (SBI) accepted bids worth 100 billion rupees ($1.22 …

State Bank of India’s infra bond response likely to lure other banks into tapping mkt – bankers Read More »

(Reuters) – GAIL (India) Ltd, the country’s largest gas distributor, reported a lower-than-expected quarterly profit on Monday hurt by weak performance at its core natural gas marketing segment. The company’s standalone profit after tax fell to 14.12 billion rupees ($171.67 million) in the quarter ended June 30, from 29.15 billion rupees a year earlier. Analysts, …

GAIL India misses Q1 profit view as natural gas marketing drags Read More »

By Nimesh Vora MUMBAI (Reuters) – The Indian rupee will be looking to recover on Monday, tracking the move higher in Asian peers on better-than-expected China data. Non-deliverable forwards indicate the rupee will inch up to the U.S. dollar at open from 82.2475 in the previous session. The domestic currency on Friday had its worst …

Rupee hopeful of recovery on back of uptick on Asia FX Read More »

(Reuters) – BHP Group expects the rampant expansion of India’s steel industry to boost its coal business significantly, Chief Commercial Officer Vandita Pant told the Financial Times on Monday. Around 40% of BHP’s metallurgical coal, used by steel mills and known as coking coal, is now heading to India, she said. (This story has been …

BHP expects Indian steelmaking boom to drive its coal business – FT Read More »

BENGALURU (Reuters) – Indian shares are set to open little changed on Monday as investors consolidated their positions amid a slew of June quarter results and a lack of other immediate economic triggers. India’s GIFT Nifty on the NSE International Exchange was down 0.03% at 19,782.5 as of 8:08 a.m. IST. Asian markets edged higher …

Indian shares set to open flat amid consolidation near record levels Read More »

NEW DELHI (Reuters) – India has allowed its firms to list on exchanges registered in a new financial hub in the western state of Gujarat, Finance Minister Nirmala Sitharaman said on Friday, to give companies access to easier and cheaper foreign capital. Listed and unlisted companies can list their shares in the International Financial Services …

India lets firms list on Modi’s flagship finance hub to draw foreign capital Read More »

(Reuters) – India’s market regulator said on Saturday there was no proposal to curb retail participation in equity derivative markets but that it was considering a client risk assessment. Reuters reported on Friday that the Securities and Exchange Board of India (SEBI), seeking to reduce risks for retail investors, would propose linking the amount of …

India regulator says no proposal to curb retail derivatives trades -statement Read More »