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Investing.com -- India's securities regulator proposed allowing companies to undertake share buybacks through the open market, according to a discussion paper released on Thursday by the Securities and Exchange Board of India. Under the proposal, companies would be permitted to buy their shares directly on stock exchanges through a dedicated window. SEBI has requested public comments by April 23. The regulator stated that new tax amendments introduced by the government addressed earlier concer ...Read More >
Investing.com -- India's imports of Russian crude oil are continuing to decline as the country diversifies its suppliers, according to Oil Minister Hardeep Puri. In an interview with Bloomberg Television on Tuesday, Puri noted that shipments from Russia have already dropped to 1.3 million barrels per day, down from an average of 1.8 million barrels per day last year. Access breaking news faster with institutional-grade feeds, immediate stock impact metrics, and analyst response tracking -- get ...Read More >
Investing.com -- India's private sector continued to show strong growth in December, but the pace of expansion eased to a 10-month low, according to the latest HSBC Flash India PMI data released Tuesday. The HSBC Flash India Composite Output Index registered 58.9 in December, down from 59.7 in November, indicating a slower but still robust expansion in business activity. Any reading above 50 signals growth. Both manufacturing and service sectors experienced slower growth rates. The Flash Servi ...Read More >
India's private sector growth slowed in October to its lowest in five months. Weaker demand and higher output prices impacted business optimism. Services sector growth saw a slowdown, while manufacturing activity improved. New orders expanded at a slower pace. International demand softened, particularly for exports to the United States. Businesses raised selling charges despite some cost easing. Growth in India's private sector eased to a five-month low in October as weaker demand and rising ou ...Read More >
Investing.com -- Russian oil companies are continuing to ship oil to India, according to Russian Deputy Foreign Minister Andrey Rudenko, as reported by state news agency TASS on Monday. This statement comes after U.S. President Donald Trump claimed on Sunday that Indian Prime Minister Narendra Modi had told him India would stop purchasing Russian oil. Trump also warned that if India did not halt Russian oil imports, New Delhi would continue to face "massive" tariffs. This article was generate ...Read More >
Investing.com -- Russian oil companies are continuing to ship oil to India, according to Russian Deputy Foreign Minister Andrey Rudenko, as reported by state news agency TASS on Monday. This statement comes after U.S. President Donald Trump claimed on Sunday that Indian Prime Minister Narendra Modi had told him India would stop purchasing Russian oil. Trump also warned that if India did not halt Russian oil imports, New Delhi would continue to face "massive" tariffs. This article was generate ...Read More >
Investing.com-- U.S. President Donald Trump said on Wednesday that Indian Prime Minister Narendra Modi told him that the country will wind down its buying of Russian oil amid pressure from Washington over Moscow's war with Ukraine. "I was not happy that India was buying oil, and he (Modi) assured me today that they will not be buying oil from Russia," Trump told reporters during an event at the White House, adding that India will gradually reduce its oil buying. Trump added that he would try t ...Read More >
BENGALURU: A day after Biocon chief Kiran Mazumdar-Shaw highlighted Bengaluru's "creaking" infrastructure, Karnataka's deputy CM D K Shivakumar Wednesday accused her of "betrayal" and of tarnishing the very state and country that helped her succeed as an entrepreneur.However, people sprang to her defence, accusing the government of displaying hostility towards those who speak up, and of refusing to accept constructive criticism.On her part, Shaw on Wednesday blamed previous governments' inaction ...Read More >
Investing.com -- U.S. President Donald Trump said Wednesday that Indian Prime Minister Narendra Modi has assured him India will stop purchasing oil from Russia. "So I was not happy that India was buying oil, and he assured me today that they will not be buying oil from Russia. That's a big step. Now we're going to get China to do the same thing," Trump told reporters. The announcement marks a potential shift in India's energy procurement strategy, as the country has been a significant buyer of ...Read More >
Investing.com -- Moody's Ratings has affirmed the Government of India's long-term local and foreign-currency issuer ratings and local-currency senior unsecured rating at Baa3, maintaining a stable outlook. The rating agency also confirmed India's short-term local-currency rating at P-3. According to Moody's, the affirmation reflects India's credit strengths, including its large and rapidly growing economy, sound external position, and stable domestic financing base for ongoing fiscal deficits. ...Read More >
Investing.com -- Morgan Stanley said investors may be underestimating the strength of India's growth cycle, saying that the country's earnings and equity market peak lie ahead and that structural shifts will support higher valuations. Population growth, policy-driven macro stability, better infrastructure, a rising entrepreneurial class and improving social outcomes are long-term drivers that could help India increase its share of global output in the coming decades. That trajectory implies In ...Read More >
Investing.com -- India has imposed anti-dumping duty on certain steel shipments from Vietnam, according to a Wednesday notification from the Ministry of Commerce and Industry. The duty targets hot-rolled flat products of alloy or non-alloy steel from the Southeast Asian nation. This action follows a year-long investigation that began in August 2024, which examined potential threats and injury to India's domestic steel sector. "Domestic steel industry has suffered injury as a result of dumped i ...Read More >
Investing.com-- The investigation into a deadly crash of an Air India Boeing (NYSE:BA) plane in June has so far not found a problem with the 787 Dreamliner, the Wall Street Journal reported on Thursday evening. Preliminary findings show that fuel switches, which control fuel flow to the jet's two engines, were turned off, leading to a loss of thrust after takeoff, the WSJ report said, citing people familiar with early assessments from U.S. officials. Initial U.S. assessments did not indicate a ...Read More >
Investing.com -- India's services sector showed strong growth in June, driven by robust demand and easing price pressures, according to a survey released Thursday. The HSBC final India Services Purchasing Managers' Index (PMI), compiled by S&P Global, rose to 60.4 in June from 58.8 in May. This figure was slightly below the preliminary estimate of 60.7. The index remained well above the 50.0 threshold that separates growth from contraction in business activity, indicating continued expansion ...Read More >
Investing.com -- India is in discussion with various companies to create long-term reserves of rare earth magnets. The government also aims to encourage domestic production by offering fiscal incentives, according to a Reuters report on Thursday. The government, led by Prime Minister Narendra Modi, is keen to expand domestic manufacturing capabilities to ease the dependence on China. It is contemplating offering production-based fiscal incentives to businesses, the report added. The Ministry o ...Read More >
Investing.com -- Just as the market began to show signs of peaking out after a seesaw October, Donald Trump's re-election to the White House sparked a new ferocious rally, boosting assets from big tech to small caps and financials. As a consequence, stocks notched their best month of an already fantastic year in November, with the S&P 500 gaining a whopping 5.7% and the Dow Jones Industrial Average jumping by 7.5% - closely followed by the NASDAQ Composite's 6.2% gain. But while bulls were ...Read More >
Investing.com-- Shares of Super Micro Computer Inc (NASDAQ:SMCI) rose sharply in evening deals on Monday after it named BDO USA as its auditor and said it had submitted a plan to the Nasdaq seeking more time to comply with listing rules. Super Micro shares jumped 36% to $29.30 by 18:32 ET (23:32 GMT). The server maker said it believed it will be able to complete its annual and quarterly reports, although it did not specify when it would do so. "BDO is a highly respected accounting firm with g ...Read More >
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