India

Investor angst turns to India earnings after trade clouds clear

[MUMBAI] After two trade deals lifted a key overhang on Indian equities, investor attention is shifting back to the market’s persistently weak earnings outlook.

The RBI's US$10 billion US dollar/rupee buy-sell swap has coincided with the jump in reserves by about US$36 billion in just three weeks until Jan 30.

India’s forex reserves rise to record high of US$723.8 billion

They are up by about US$14 billion, from the week ending in Jan 23

Indian Prime Minister Narendra Modi (left) and US President Donald Trump at the White House on Feb 13, 2025. The latest deal owes as much to the two leaders' relationship as to any systematic trade negotiation.

The US-India trade deal: Strategic reset or fragile truce?

The lack of details on the agreement makes it difficult to assess its true economic impact

Alphabet currently employs around 14,000 in the country, out of a global workforce of roughly 190,000.

Alphabet plots big expansion in India as US restricts visas

Google rivals have recently set up shop in the country

The new trade deal is expected to offer relief to India’s economy.

Trump’s surprise trade deal with India resets fractured ties

The US will cut its levy on Indian goods to 18% from 25%, lower than most Asian peers

The talks between the Indian government, central bank officials and Ant International, founded by Ant Group and now operating independently, reflect the further warming of ties with China.

India in talks to allow Alipay+ to link with instant payment system: sources

The move will ease payments for its tourists, enabling them to use its UPI with merchants in countries that have signed up with the platform

NSE’s board is likely to form a committee comprising its top executives and the representatives of major shareholders including LIC and SBI in a few days to oversee the IPO process.

Temasek, LIC plan share sales in NSE’s India IPO: source

All shareholders of NSE will be given the option to participate in the secondary sale as part of the IPO

Climate activists in India face a more pressing disappointment. Finance Minister Nirmala Sitharaman (above) cut the allocation for pollution control. 
COMMENTARY

India spooks investors instead of calming them

The Modi government intends to borrow a record 17.2 trillion rupees by selling bonds

Foreign ownership in State Bank of India (SBI) – the country’s largest lender – and 11 other state-owned banks is capped at 20 per cent, a legacy restriction rooted in the government’s desire to retain strategic control of the financial system.

India considering 49% foreign ownership in state-run banks

India is considering allowing foreigners to own as much as 49 per cent stake in its state-run banks as policymakers look to bolster capital at these lenders to fund growth, without entirely giving up ...

The PMI has stayed above the 50 threshold, which separates growth from contraction, since July 2021.

India’s factory growth improves slightly in January: PMI

Manufacturers have reported receiving orders from clients across Asia, Australia, Canada, Europe, and the Middle East