Shares of ICICI Prudential, one of India’s largest asset management companies, rose 19% in their trading debut on Friday, following a 106 billion rupees ($1.17 billion) initial public offering. The IPO by the firm, jointly owned by India’s ICICI Bank…
Shares of Interglobe Aviation, operator of India’s largest airline Indigo, fell more than 8% Monday as the carrier grapples with multiple flight cancellations. Indigo, which operates more than 2,300 flights daily, could only fly 706 flights on Friday following a…
India’s industrial production grew just 0.4% in October, a 14-month low that indicated a sharp slowdown in the economy. The Index of Industrial Production (IIP) fell short of September’s 4% growth and is even lower than the 3.1% expected by…
India is ramping up its energy imports from the U.S. in a bid to reduce its trade surplus with Washington — a key demand of the Trump administration during trade negotiations with New Delhi. On Monday, Hardeep Singh Puri, Indian…
The electoral victory for Indian Prime Minister Narendra Modi’s party in a key state is set to pave the way for New Delhi to make farm-related concessions, a central demand of U.S. trade negotiators. The National Democratic Alliance (NDA), led…
In a sign of easing pressure on India, U.S. President Donald Trump said that trade talks with New Delhi were going well, and he could visit the country next year. Trump who was speaking to reporters at the White House…
U.S. President Donald Trump said Wednesday that Indian Prime Minister Narendra Modi told him New Delhi will stop buying oil from Russia, though the move will take time. He added that Washington was unhappy with New Delhi’s purchases of Russian…
Oil prices fell more than 1% on Thursday, after U.S. President Donald Trump said he and Russian President Vladimir Putin agreed to meet in Hungary soon to discuss ending the war in Ukraine, casting uncertainty over global energy supplies. Brent…
India’s central bank kept its policy rate unchanged at 5.5% Wednesday, in line with the expectations of economists polled by Reuters, as it assessed the impact of earlier cuts. Inflation moderated significantly in the first quarter, but growth could decelerate…
After easing for nine straight months, India’s consumer inflation climbed to 2.07% in August, in line with analyst estimates, government data showed Friday. The rise in August inflation was “mainly attributed to increase in inflation of vegetables, meat and fish,…
