By Bharath Rajeswaran BENGALURU (Reuters) – Indian shares fell on Thursday, as HDFC Bank extended post-earnings decline, while IT stocks came under pressure amid growing doubts over early U.S. rate cuts. The blue-chip NSE Nifty 50 shed 0.51% to 21,462.25, while the S&P BSE Sensex lost 0.44% to 71,186.86. Both indexes have fallen about 3% …
Weak earnings, fading US rate cut hopes drag Indian shares Read More »
By Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee is likely to open largely unchanged on Thursday, with an eye on the rise in U.S. Treasury yields after robust U.S. retail sales data prompted further moderation of bets on aggressive rate cuts by the Federal Reserve. Non-deliverable forwards indicate the rupee will open at around …
Rupee eyes steady open even as upbeat data drives US yields higher Read More »
By una galani and Peter Thal Larsen MUMBAI (Reuters) -The Reserve Bank of India would like to see inflation come down to 4% on a durable basis before it is ready to pivot on monetary policy, Governor Shaktikanta Das said in an interview with Reuters at the World Economic Forum in Davos. Following are the …
India cenbank governor’s comments at World Economic Forum in Davos Read More »
By Una Galani and Peter Thal Larsen DAVOS, Switzerland, Jan 17 (Reuters) – Monetary policy in India must remain actively disinflationary despite the recent sharp fall in core inflation, Reserve Bank of India Governor Shaktikanta Das said at the World Economic Forum in Davos. “When inflation is still above 5.5%, rather close to 6%, our …
India monetary policy has to remain actively disinflationary, says RBI chief Read More »
(Reuters) – India’s Sun Pharmaceutical Industries Limited said on Wednesday it would buy all the shares of Taro Pharmaceutical Industries it does not already own for $43 per share in cash, effectively taking full control of its unit. Sun Pharma’s offer amounts to about $347.8 million, as per Reuters calculations, with the per share value …
India’s Sun Pharma to buy remaining stake in Israeli unit Taro for about $348 million Read More »
By Anushree Ashish Mukherjee (Reuters) – Gold prices fell to a more than one-month low on Wednesday as strong economic data strengthened dollar and Treasury yields and lowered market expectations of a U.S. rate cut in March. Spot gold was down 1.2% at $2,003.89 per ounce as of 01:55 p.m. ET (1855 GMT), lowest since …
Gold retreats to over one-month low after data dims rate-cut hopes Read More »
BENGALURU (Reuters) – India overcame Afghanistan in a second Super Over in a heart-stopping T20 International to complete a 3-0 series sweep on a night of high drama on Wednesday. The home side had bagged the series with back-to-back wins in Mohali and Indore, rendering the result of the match at M Chinnaswamy Stadium academic. …
Cricket-India overcome Afghanistan in Super Over drama to sweep T20 series Read More »
(Reuters) – The Indian government will sell up to 3.5% stake in state-run NHPC through an offer for sale, the company said in an exchange filing on Wednesday. The proposed stake sale will see the government divest 2.5% of the renewable energy major’s stock with an option to sell an additional 1%. The floor price …
BENGALURU (Reuters) – India’s ICICI Prudential Life Insurance reported a decline in new business margins on Wednesday, as demand dipped for high-value policies following taxation changes and sales of low-margin products increased. The value for new business (VNB) – the expected profit from new policies – fell 15% to 14.51 billion Indian rupees ($174.49 million) …
India’s ICICI Prudential logs lower new business margin in April-Dec Read More »
By Divya Chowdhury and Savio Shetty DAVOS, Switzerland (Reuters) – Wipro is feeling a “bit more” optimistic about its next financial year as clients spend more on artificial intelligence (AI) to reduce operating costs, the head of the Indian IT firm’s Americas 2 business told Reuters on Wednesday. “Most client conversations are about cost-saving efforts …
Wipro a ‘bit more’ optimistic about next fiscal year due to AI Read More »
