India swap market signals cenbank will differ from Fed’s rate-cut path
MUMBAI, Dec 6 (Reuters) – India’s overnight index swap market is signalling that the country’s central bank will not rush to cut interest rates even if the U.S. Federal Reserve starts bringing down rates early next year. The odds of the Fed’s first rate cut coming in March have risen to 63%, while the Reserve […]
India’s Ola Electric slashes sales targets ahead of planned IPO -document, sources
Ola electric scooters are seen outside the Ola Electric Service Centre, in Thane on the outskirts of Mumbai, India, October 25, 2023. REUTERS/Francis Mascarenhas/File Photo Acquire Licensing Rights Ola sees 2023-24 sales 66% lower than previous estimate-document Ola aims now to turn profitable a year later in 2024-25-document Targets “toned down” after govt incentive cuts-sources […]
India’s market regulator, cenbank share concern on some credit funds masking bad loans – official
A man counts Indian currency notes inside a shop in Mumbai, India, August 13, 2018. REUTERS/Francis Mascarenhas/File Photo Acquire Licensing Rights MUMBAI, Dec 6 (Reuters) – India’s market regulator and its central bank share concerns over instances of alternate investment funds (AIFs) being used to mask bad loans in the financial system, a top official […]
Indian govt seeks parliament nod for extra spending for FY24
India’s Prime Minister Narendra Modi arrives on the first day of the five-day long special session in New Delhi, India, September 18, 2023. REUTERS/Adnan Abidi/File photo Acquire Licensing Rights NEW DELHI, Dec 6 (Reuters) – The Indian government on Wednesday sought parliament’s approval for additional spending of 1.29 trillion rupees ($15.48 billion) in the current […]
India to probe Apollo Hospital Delhi’s alleged links to ‘cash for kidneys’ scandal
Patients and their attendants are seen inside Apollo hospital in New Delhi, India, September 8, 2015. Picture taken September 8, 2015. REUTERS/Adnan Abidi/File photo Acquire Licensing Rights NEW DELHI/HYDERABAD, Dec 6 (Reuters) – India’s health ministry has ordered a probe into Apollo Hospital Delhi, part of largest private hospital chain Apollo Hospitals (APLH.NS), after media […]
India’s Apollo Hospitals’ operator rejects allegation of illegal kidney transplants
Patients and their attendants are seen inside Apollo hospital in New Delhi, India, September 8, 2015. REUTERS/Adnan Abidi/File Photo Acquire Licensing Rights BENGALURU, Dec 5 (Reuters) – India’s Indraprastha Medical Corp (IMCL.NS), which manages two Apollo hospitals in the national capital of Delhi, said on Tuesday that allegations regarding its involvement in illegal kidney transplants […]
Exclusive: Apple warns India’s EU-style charger rules will hit local production target
[1/2]Apple iPhones are seen inside India’s first Apple retail store during a media preview, a day ahead of its launch in Mumbai, India, April 17, 2023. REUTERS/Francis Mascarenhas Acquire Licensing Rights Apple lobbies India to delay EU-like rule on common charger U.S. giant seeks more time in India beyond EU deadline Apple says production targets […]
Financials, energy stocks power record rally in India’s Nifty, Sensex
[1/2]The new logo of the Bombay Stock Exchange (BSE) building is seen in Mumbai, India, July 12, 2023. REUTERS/Francis Mascarenhas/File Photo Acquire Licensing Rights BENGALURU, Dec 5 (Reuters) – India’s benchmark indexes hit fresh record highs on Tuesday, led by gains in financial and energy stocks, while victories for the ruling party in state elections […]
New Indian petrochemical supplies to weigh on markets
NEW DELHI, Dec 5 (Reuters) – Two multi-billion-dollar petrochemical plants are coming online in India in coming months at a time of weaker-than-expected demand, setting the stage for fierce price competition domestically and internationally, industry officials and analysts say. Several regions, including India, China and the Middle East have been developing petrochemical production to provide […]
India rupee to inch lower on recovery in US dollar, bond yields
A currency trader is pictured through the symbol for the Indian Rupee on the floor of a trading firm in Mumbai May 31, 2013. REUTERS/Vivek Prakash/File Photo Acquire Licensing Rights MUMBAI, Dec 5 (Reuters) – The Indian rupee is likely to decline slightly on Tuesday after U.S. Treasury yields recovered from their lowest level in […]