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Exclusive-India may peg gross borrowing under 16 trillion rupees in 2023/24 – sources

By Shubham Batra and Nikunj Ohri New Delhi (Reuters) - India's federal government is likely to keep its gross market borrowing below 16 trillion rupees ($196 billion) for 2023/24 as it does not want

India’s equity Mutual Funds to move to two-day settlement

MUMBAI (Reuters) - Equity mutual funds in India will be settled within two days starting February, instead of the prevalent three day settlement cycle, an industry body said on Friday. The move for a

Dollar ticks up ahead of central bank meetings next week

By Iain Withers LONDON (Reuters) - The dollar edged up on Friday to pull away from multi-month lows against the euro and sterling, as investors began to train their sights on a slew of major central

Stocks take breather after January surge, Adani plunges in India

By Marc Jones LONDON (Reuters) - World stocks eked out a 5-1/2 month high and the dollar held close to an eight-month low on Friday, as reassuring U.S. economic and inflation data kept the bulls

Oil prices firm on upbeat U.S. economic data

By Shadia Nasralla LONDON (Reuters) -Oil prices rose for a second session on Friday, buoyed by stronger than expected U.S. economic growth, strong middle distillate refining margins and hopes of a

Instant View: India’s Adani slammed by $48 billion stock rout, clouding record share sale

(Reuters) - Shares of India's Adani Enterprises sank nearly 20% on Friday as a scathing report by a U.S. short seller triggered a rout in the conglomerate's listed firms, casting doubts on how

India’s Adani dollar bonds hit lowest since November

LONDON (Reuters) - Dollar bonds issued by entities of India's Adani Group tumbled on Friday as a scathing report by a U.S. short seller triggered a rout in the conglomerate's listed firms. The short

SEBI increases scrutiny of Adani group amid Hindenburg claims, report says

According to sources, the market regulator will study a report issued by Hindenburg Research to add to its own ongoing preliminary probe into the group’s foreign portfolio investors

India’s Tata Motors surges 8% on first quarterly profit in 2 years

BENGALURU (Reuters) -Shares of Tata Motors Ltd, India's No.3 carmaker by volume, rose as much as 8.2% to a more-than-four-month high on Friday after the company reported its first quarterly profit in

Asian equities hit 9-month high as recession fears wane

By Ankur Banerjee SINGAPORE (Reuters) - Asian stocks rose on Friday and were poised for their fifth straight week of gains after data highlighted a resilient U.S. economy, boosting investor sentiment

On Camera

Don’t let anti-vaxxers weaponise AstraZeneca furore. Vaccines are safe—and we are the proof

Vaccines have eliminated two diseases—smallpox in humans and rinderpest in cattle. If they were killing one in 50,000 people, we wouldn’t be rolling them out across the globe for decades.

Strong showing by north, improved compliance — how GST revenue rose to record Rs 2.1 lakh cr in April

While April typically sees highest collections in a financial year, analysts say a host of reasons came together this time to lift total figures.

Army Dental Centre of Research & Referral celebrates silver jubilee

The ADC R&R is dedicated to providing high-quality dental care to soldiers, their families, and veterans.

Frontrunner is letting the challenger define this poll campaign. Modi still hasn’t found a big theme

A theme has not yet emerged for BJP & people see lack of a contest, which makes it unexciting. For all these reasons, 2024 is turning out to be an unexpectedly theme-less election.