By Shivangi Acharya NEW DELHI (Reuters) – India needs to simplify its tax regime to ease the compliance burden on small and medium businesses, a member of the government’s top policy think tank said Thursday, as smaller firms may not have fully benefited from recent reforms. Small and medium businesses, which account for nearly a …
India needs tax reforms to boost small firms, says NITI Aayog member Read More »
BENGALURU (Reuters) -Dabur India Ltd said on Thursday it estimated that first-quarter sales increased more than 10%, as easing inflation allowed customers to spend more on the consumer goods company’s products. Demand trends in both urban and rural India improved during the quarter ended June 2023, Dabur said. The country’s annual retail inflation cooled to …
India’s Dabur expects rise in Q1 sales as easing inflation boosts spending Read More »
NEW DELHI (Reuters) -India’s state-run banks are confident of withstanding any macroeconomic shocks and expect their outlook to improve, despite headwinds in the global banking sector, the finance ministry said on Thursday. The asset quality of India’s state-run banks has improved with gross non-performing assets – the measure of a bank’s bad loans – at …
India’s state-run banks confident of withstanding macro shocks – govt Read More »
By Nidhi Verma NEW DELHI (Reuters) – India’s Hindustan Petroleum Corp Ltd (HPCL) hopes to operate its 15 million metric tonnes per year (tpy) Vizag refinery at full capacity early next year after commissioning some new secondary units geared to upgrade fuels, its head of refineries said on Thursday. In March, the state-controlled refiner raised …
India’s HPCL aims to run Vizag refinery at expanded capacity from early 2024 Read More »
By Dharamraj Dhutia MUMBAI (Reuters) – Several Indian banks said on Thursday the Reserve Bank of India (RBI) should continue with more overnight variable rate reverse repo auctions, despite its first such attempt seeing subscriptions of less than half the target amount of 1 trillion rupees. The RBI’s overnight variable rate reverse repo, or VRRR …
Indian lenders want cenbank to conduct more overnight reverse repo auctions Read More »
By Siddhi Nayak MUMBAI (Reuters) – The Indian rupee logged its worst day in a month against the dollar on Thursday, while far forward premiums plunged, as minutes of the U.S. Federal Reserve’s latest meeting indicated that further monetary policy tightening was likely this year. The rupee ended at 82.51 to the dollar compared with …
Rupee logs worst day in one month on hawkish Fed minutes, premiums plunge Read More »
(Reuters) -India’s Adani Green Energy, controlled by billionaire Gautam Adani, said on Thursday it approved raising 123 billion rupees ($1.49 billion) through qualified institutional placement. The renewables company will use the funds to diversify its green energy supply in the country, Bloomberg had reported earlier in the day, citing sources familiar with the matter. The …
India’s Adani Green to raise $1.5 billion in green energy push Read More »
By Bharath Rajeswaran BENGALURU (Reuters) -Indian shares closed higher on Thursday, in contrast to weakness in Asian and European equities, bucking concerns around an escalating Sino-U.S. trade conflict and rising odds of further policy tightening by the U.S. Federal Reserve. The Nifty 50 index settled 0.51% higher at 19,497.30, while the S&P BSE Sensex advanced …
Indian shares close higher, shrugging off weakness in Asia, Europe Read More »
By Shaloo Shrivastava and Anant Chandak BENGALURU (Reuters) – The rupee will hold on to its recent gains against the dollar in coming months and strengthen marginally in a year, on strong macroeconomic trends and expectations the U.S. Federal Reserve is nearing the end of its hiking cycle, a Reuters poll showed. Despite the Reserve …
Indian rupee rangebound in near term, to rise a bit in a year: Reuters poll Read More »
By Arpan Chaturvedi and Aditya Kalra NEW DELHI (Reuters) – Google has accused India’s antitrust body of ordering changes to its business model “only to protect” rival Amazon, which complained about its struggles to develop a modified version of the Android system due to Google’s restrictions, legal papers show. Google has approached India’s Supreme Court …
Google accuses India antitrust body of protecting Amazon in Android probe Read More »
