By Bharath Rajeswaran (Reuters) -India’s equity benchmarks edged higher on Tuesday, rebounding after their longest losing streak in nearly seven months, as heavyweight financial stocks rose after lending norms were eased and metal firms gained on a weaker dollar. The Nifty 50 was up 0.18% at 24,677.9, while the BSE Sensex added 0.14% to 80,469.39,…
By Nimesh Vora MUMBAI (Reuters) -The Indian rupee is expected to open marginally higher on Tuesday, building on the modest relief from the previous session, though sentiment remains fragile amid concerns over the fallout from higher U.S. tariffs. The 1-month non-deliverable forward indicated the rupee will open in the 88.10 to 88.14 range versus the…
We’ve got fresh details on India’s crypto regulation push, plus a look at China’s tech deal delays. This and more in today’s ETtech Top 5. Also in the letter:■ Data centre certification push■ Festivities to fuel lending■ Google’s Australia blow Taxman floats crypto code, quizzes industry India’s top tax authority is testing the waters for…
By Jaspreet Kalra MUMBAI (Reuters) -The Indian rupee is poised to weaken past the psychologically important 87-per-dollar level on Wednesday after U.S. President Donald Trump pointed to a likely 20%-25% tariff on Indian exports to the U.S., compounding pressure from sustained portfolio outflows. The 1-month non-deliverable forward indicated the rupee will open in the 87.11-87.13…
By Siddhi Nayak MUMBAI (Reuters) -India’s IndusInd Bank has shortlisted three senior bankers – Rajiv Anand, Rahul Shukla, and Anup Saha – for the position of CEO and submitted their names to the central bank for approval, two sources told Reuters. IndusInd Bank took a $230 million hit in the year ended March 31 due…