Posts From Rajesh Sharma

India’s retail inflation jumped further in May to a four-month high, primarily driven by a surge in energy prices, according to a Reuters poll of economists, suggesting more policy tightening from the central bank is coming. On June 6, the

  India’s central bank has hiked interest rates for the first time in over four years amid worries over rising prices. The Reserve Bank of India announced Wednesday that it would increase the rate at which it lends to banks

MUMBAI (Reuters) – India’s gold imports plunged a fifth straight month in May to 48 tonnes as a rally in local prices to near their highest level in 21 months curtailed retail purchases, provisional data from precious metals consultancy GFMS

MUMBAI (Reuters) – Growing inflation concerns prompted the Reserve Bank of India (RBI) to raise its policy rate for the first time in over four years on Wednesday, but it surprised some economists by keeping its stance “neutral” instead of

 The Reserve Bank of India (RBI) on Wednesday raised its policy rate for the first time in over four years, due to inflation concerns, and it surprised some analysts by keeping its policy stance as “neutral”. The RBI’s monetary policy

 India is set to announce support measures to cut a growing sugar surplus and prop up local prices, the food minister said on Tuesday, a move aimed at helping loss-making mills and millions of cane growers who make up a

India has failed to find a buyer for its ailing national airline. Selling Air India was one of the government’s economic priorities for this year, and the failure of the auction will dampen hopes that it could privatize other state-owned

BENGALURU (Reuters) – Indian stocks are expected to erase recent losses and rise a little this year, but an array of political developments at home and overseas along with just a steady economic growth outlook will likely restrain the market,

NEW DELHI (Reuters) – Indian Oil Corp, (IOC.NS), the country’s top refiner and fuel retailer, has marginally cut pump prices of petrol and diesel around India, its website showed on Wednesday. In New Delhi, a cut of less than 1

MUMBAI (Reuters) – An Indian trader body has raised objections to Walmart Inc’s $ 16 billion acquisition of e-commerce firm Flipkart, though lawyers and sources said the complaint to the country’s antitrust regulator is unlikely to threaten the deal. The