Reuters India

By VarunVyas Hebbalalu BENGALURU (Reuters) -India’s Vodafone Idea is not in talks to tie up with billionaire Elon Musk’s satellite internet company Starlink, the telecom operator said on Tuesday, dashing hopes of a revival in the debt-ridden company that had sent its stock soaring. The clarification came after Vodafone Ideas’ stock surged in the past …

India’s Vodafone Idea says not in tie-up talks with Musk’s Starlink Read More »

MUMBAI (Reuters) – The Indian rupee is likely to appreciate to 81 against the U.S. dollar over the next 12 months amid expectations of heavy foreign capital inflows, Goldman Sachs said in a note on Tuesday. Still, the currency will underperform its Asian peers as the Reserve Bank of India (RBI) could continue to accumulate …

Indian rupee may rise to 81/USD by 2024 end amid robust inflow hopes – Goldman Sachs Read More »

(Reuters) – India has hiked the windfall tax on crude oil while reducing the tax on diesel and aviation turbine fuel, according to a government notification. The government hiked the windfall tax on petroleum crude oil to 2,300 Indian rupees ($27.63) a ton from 1,300 rupees, it said. A tax on diesel of 0.5 rupee …

India hikes windfall tax on crude oil Read More »

By Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee closed little changed following muted trading on Monday on a lack of fresh triggers at the start of the year. The rupee ended at 83.2375 against the U.S. dollar, slightly lower from its close at 83.2075 in the previous session. Most global markets were shut on …

Rupee ends little changed, traders await fresh triggers Read More »

NEW DELHI (Reuters) – Indian billionaire Gautam Adani’s joint venture with Mumbai’s slum rehabilitation authority has hired a global team to redevelop Dharavi, a key step in rebuilding one of Asia’s biggest slums amid growing opposition to the project. Dharavi, about three quarters the size of New York’s Central Park, is a crowded area that …

India’s Adani hires global team for Mumbai slum overhaul project Read More »

By Nimesh Vora MUMBAI (Reuters) – The Indian rupee will open little changed on Monday, with the U.S. Federal Reserve interest rate outlook and the Reserve Bank of India’s forex strategy expected to be the key to begin the New Year. Non-deliverable forwards indicate the rupee will open nearly unchanged from 83.2075 on Friday. Other …

Rupee’s direction guided by Fed outlook, RBI at start of 2024 Read More »

By Dharamraj Dhutia MUMBAI (Reuters) -The bull-run in Indian financial markets is likely to continue in 2024 as foreign interest remains robust, with heavy buying expected in both equity and debt markets, several analysts and industry watchers said. India’s inclusion in the JPMorgan emerging market debt index will boost investments in government debt, while attractive …

Indian shares, bonds seen rallying in 2024 on continued foreign inflows Read More »