Reuters India

By Dharamraj Dhutia and Bhakti Tambe MUMBAI (Reuters) – Goswami Infratech, a Shapoorji Pallonji group entity, closed India’s largest debt issue from a low-rated company on Tuesday, signalling growing interest in high-yielding debt from local and global private credit funds, bankers and fund managers said. Goswami Infratech accepted bids worth 143 billion rupees ($1.74 billion), …

India’s Shapoorji group entity’s bond issue signals appetite from pvt credit funds Read More »

By Nimesh Vora MUMBAI (Reuters) – The Indian rupee ended little changed against the dollar on Tuesday even as most Asian peers gained on signs that the Chinese central bank may be wary of the yuan’s recent decline. The rupee ended at 82.0250 to the dollar, up from 82.04 in the previous session. “Today was …

Indian rupee ends almost flat despite gains in Asian peers Read More »

By Nimesh Vora MUMBAI (Reuters) – The Indian rupee is expected to inch up at open on Tuesday, helped by the Chinese yuan’s recovery following a significantly below-than-expected daily USD/CNY fix. Non-deliverable forwards indicate rupee will open at around 81.94-81.96 to the U.S. dollar compared with 82.04 in the previous session. The “non-directional” moves around …

Rupee to nudge higher on yuan recovery following daily fix Read More »

MUMBAI (Reuters) – S&P Global Ratings on Tuesday raised its assessment of India’s banking sector, citing a “strong recovery” underway in the Indian financial sector. India’s ‘Banking Industry Country Risk Assessment’, an indicator of an economy’s financial sector, has been raised one notch to 5 from 6 earlier, the rating agency said in a note. …

S&P raises assessment of Indian banking sector on “strong recovery” Read More »

By Vivek Mishra and Anant Chandak BENGALURU (Reuters) – India’s current account balance likely turned positive in January-March, marking the first quarterly surplus in nearly two years thanks to a narrower trade deficit and an increase in services exports, a Reuters poll found. The latest survey of 22 economists showed the current account balance likely …

India’s current account likely turned to surplus in Jan-March: Reuters poll Read More »

By Aditya Kalra NEW DELHI (Reuters) -Google has urged India’s Supreme Court to quash antitrust directives against it for abuse of the Android market, two sources said, as its presses its legal battle against the competition watchdog in one of its most important markets. The Competition Commission of India (CCI) said in October that Google, …

Google asks India’s top court to quash Android antitrust directives -sources Read More »

MUMBAI (Reuters) – The Reserve Bank of India on Monday fined four credit bureaus, including TransUnion CIBIL, for not complying with the rules on maintaining borrower data, a move that comes as the central bank pushes for more accountability following customer complaints. Certain data related to the credit information maintained by TransUnion CIBIL, Experian Credit …

India cenbank fines credit bureaus for gaps in customer data, service Read More »