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Rupee rises 5 paise to 83.87 against US dollar during early trade

The rupee appreciated by 5 paise to 83.87 against the US dollar in early trading on Monday, boosted by a weaker American currency in the global market and substantial foreign fund inflows. Forex traders noted that market participants are keenly awaiting signals from the US...

India’s April merchandise trade deficit widens on lower exports

NEW DELHI, May 15 (Reuters) - India's merchandise trade deficit (INTRD=ECI), opens new tab in April was wider than expected, hurt by lower exports and a surge in gold imports, government data showed on Wednesday. India's April merchandise trade deficit stood at $19.1 billion, according...

India’s January palm oil imports hit 3-month low as soyoil shipments rise -dealers

India's palm oil imports fell to a three-month low in January, as refiners increased buying of rival soyoil due to negative refining margins for crude palm oil (CPO), five dealers told Reuters on Monday. Lower purchases by the world's biggest importer of vegetable oils could...

Whatsappening? Telcos call out tech companies over business SMSes

By using WhatsApp and other unregulated platforms to send enterprise messages to customers, an industry group representing India's top three Telcos has accused global consumer technology majors like Microsoft and Amazon of "presumably circumventing and bypassing the legal telecom route" and likely costing the...

Adani Ports confident of making $650 million foreign currency bond prepayments by Feb: Karan Adani

The business empire of Gautam Adani, which includes airports, ports, mines, energy, and real estate, has been under assault from the opposition for the past few years due to allegations of corporate wrongdoing and claimed close ties to the government. However, one Adani company...

TCS, Infosys, Wipro, TechM, HCL Tech: IT shares up ahead of Q2 results. What’s next?

In Wednesday's trading, the tier 1 IT pack was up to 3% in anticipation of Tata Consultancy Services' (TCS) quarterly earnings later in the day. Brokerages like JM Financial stated that the current results season is likely to be slightly better than the June...