NEW DELHI (Reuters) -India’s wholesale price index in December rose 0.73% year-on-year to a nine-month high, mainly on the back of higher food prices, government data showed on Monday. The rise in the index was slower than the 0.9% expected by economists polled by Reuters, but quickened from 0.26% in November. In December, food prices …
By Nimesh Vora MUMBAI (Reuters) – Investors are betting that India’s rupee will break out of its narrow range and rally this year, and are expressing that view via currency options. Volumes in the dollar-rupee options market have surged in the first few trading days of 2024, and the direction of these trades shows market …
Investors bet via options that India’s rupee will rise Read More »
By Bansari Mayur Kamdar NEW DELHI (Reuters) – Net inflows into exchange traded funds (ETFs) tracking Indian stocks hit a record high in 2023, with analysts optimistic that investors will continue to buy into the world’s fastest-growing major economy even as keenly watched general elections loom. India-focused ETFs saw net inflows of $8.6 billion last …
India ETF flows hit record in 2023, analysts see momentum persisting in election year Read More »
BENGALURU (Reuters) -India’s IT companies gained 4% on Monday following better-than-expected results from Wipro and HCLTech, signalling stability in demand. Wipro’s shares rose 13.7% to their highest since April 2022, and were on track for their best day since July 2020. HCLTech shares rose over 5% to a record high. The 10-member Nifty IT index …
India’s IT stocks extend gains on bets of growth rebound Read More »
By Haripriya Suresh and Sai Ishwarbharath B BENGALURU (Reuters) – India’s No.1 software-services exporter Tata Consultancy Services is planning to focus more on markets such as Japan, Latin America and Southern Europe amid weakness in North America, its chief executive said. The plan to diversify more comes after the industry leader reported its slowest quarterly …
India’s TCS to diversify to other markets amid US weakness Read More »
NEW DELHI (Reuters) – India’s main opposition leader Rahul Gandhi on Sunday began a new cross-country march from a troubled northeastern state, aiming to generate political momentum to take on Prime Minister Narendra Modi in general elections due by May. The “Bharat Jodo Nyay Yatra”, or Unite India Justice March, comes weeks after Gandhi’s Congress …
By Siddhi Nayak MUMBAI (Reuters) – Lenders to India’s Go First have set Jan. 31 as the deadline for financial bids to acquire the airline, two banking sources said on Sunday. Go First filed for bankruptcy protection in May but lenders have more recently been considering liquidating the airline after failing to secure new investors. …
India airline Go First’s lenders seek investor bids by Jan 31 -sources Read More »
By Rohith Nair AL RAYYAN, Qatar (Reuters) -A physical Australia side dominated India to win their Asian Cup Group B opener 2-0 in front of a crowd largely made up of Indian fans at the Ahmad bin Ali Stadium on Saturday. After a cagey opening 45 minutes, Australia got on the board through Jackson Irvine …
Soccer-Australia outmuscle India with 2-0 win in Asian Cup Read More »
By Mayank Bhardwaj and Shivangi Acharya NEW DELHI (Reuters) – India does not plan to import wheat and its farmers are likely to harvest a bumper crop that will boost stockpiles in the world’s second-biggest producer of the staple, the trade minister said on Saturday. “Ground reports indicate that the crop is quite good and …
India has no plans to import wheat for now – trade minister Read More »
By Shivangi Acharya and Mayank Bhardwaj NEW DELHI (Reuters) – India and the United States have agreed to bolster trade ties and deepen cooperation in areas such as critical minerals, the United States Trade Representative Katherine Tai said on Saturday. India’s trade minister Piyush Goyal and Tai held their annual trade policy talks in New …
India, US seek to bolster trade ties, work together on critical minerals Read More »
