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☆ World’s busiest airports: There’s a new No. 2
▼ + stars: | 2024-04-15 | by ( Marnie Hunter | ) edition.cnn.com time to read: +6 min

CNN —Globe-trotters are on the move again in a big way, boosting the rankings of a handful of international aviation hubs on the list of the world’s busiest airports. With 104.7 million passengers in 2023, Dubai’s not nipping at its heels just yet. Tokyo International Airport, commonly known as Haneda Airport, leapt up from No. Tokyo Haneda, Japan (HND): 78.7 million passengers; up 55.1% from 20226. Los Angeles, California (LAX): 75.1 million passengers; up 13.8% from 20229.

Persons: Atlanta’s, ”, Luis Felipe de Oliveira, de Oliveira, Dubai’s, Kamran Jebreili, Issei Kato, Indira, ” de Oliveira Organizations: CNN — Globe, Atlanta’s Hartsfield, Jackson International, “, ACI, Asia Pacific, Atlanta, Chicago, London Heathrow, Tokyo International Airport, Haneda Airport, Reuters, Indira Gandhi International, Air India, IndiGo, Boeing, Aircraft, Hartsfield, Jackson, United Arab Emirates, London, Tokyo, Chicago O’Hare Locations: Dubai, “ Dubai, East, Asia, Atlanta, United States, Dallas, Fort Worth, Denver, Los Angeles, London, Tokyo, Japan, Haneda, Reuters Istanbul’s, New Delhi, India, Jackson Atlanta , Georgia, United Arab, Fort Worth , Texas, DFW, London Heathrow, United Kingdom, Tokyo Haneda, Denver , Colorado, Istanbul, Turkey, Los Angeles , California, Chicago O’Hare , Illinois, ORD, Delhi

☆ Tesla’s Berlin factory comes back online as power is restored after arson attack
▼ + stars: | 2024-03-12 | by ( Olesya Dmitracova | ) edition.cnn.com time to read: +3 min

London/Berlin CNN —Production at Tesla’s factory near Berlin is gradually resuming after the plant was reconnected to the power grid late on Monday following a week-long closure caused by an arson attack. Now production at the factory should be gradually ramped up, CNN affiliate RTL has reported. Prices in Germany for Model Y vehicles, the only cars manufactured at the factory, start at €44,990 ($49,196). That means a week of output is worth about €324 million ($354 million) in sales for Tesla. An aerial view of the Tesla car plant near Berlin on March 10, 2024.

Persons: E.DIS, ”, Tesla, Odd Andersen, ” Musk, Stephanie Halasz Organizations: Berlin CNN —, CNN, “, RTL, Elon Musk’s, Tesla, EVs, Getty, Volcano Group, Reuters Locations: Berlin, —, Europe, Germany, London

☆ Tesla's only European factory is getting back to business after an arson attack shut it down
▼ + stars: | 2024-03-12 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +2 min

Tesla's Gigafactory in Germany shut down earlier this month after an arson attack. The factory employs 12,500 people and produces 1,000 cars per day. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementTesla's German Gigafactory is getting back to business — earlier than anticipated — after an arson attack forced it to shut down for roughly a week. The so-called Volcano Group took responsibility for the attack.

Persons: Tesla's Gigafactory, —, E.DIS, Tesla, Elon Musk Organizations: Service, CNN, Reuters, Group, Business Locations: Germany, Berlin, Europe

U.S. Sen. Chris Coons and German Chancellor Olaf Scholz were seeing double when they met in Washington, D.C., this week and went on social media to share their mirror image with the world. Scholz met with President Joe Biden as well as members of Congress, where he and Coons posed for the lighthearted image shared on their respective accounts on X, formerly Twitter. Scholz was in Washington to emphasize the stakes of the Ukraine conflict for the U.S., Europe and others. Russian President Vladimir Putin earlier this week repeated his claim that the February 2022 invasion was intended to protect his nation’s interests. “Without the support of United States, and without the support of the European states, Ukraine will have not a chance to defend its own country,” Scholz said.

Persons: Sen, Chris Coons, Olaf Scholz, Coons, Scholz, Joe Biden, ” Coons, ”, —, ” Scholz, Vladimir Putin Organizations: Washington , D.C, Delaware Democrat, Ukraine, Economic Locations: Washington ,, Russia, Davos, Switzerland, Washington, Ukraine, Europe, Russian, United States

☆ India's Nifty, Sensex open at new record highs
▼ + stars: | 2023-12-04 | by ( ) www.reuters.com time to read: 1 min

BENGALURU, Dec 4 (Reuters) - India's benchmark indexes opened at fresh all-time highs on Monday, aided by strong domestic macroeconomic data and elevated bets of a U.S. rate cut in March, while analysts saw momentum picking up in the ongoing rally after the ruling Bharatiya Janata Party's (BJP) victory in key state elections. The NSE Nifty 50 index (.NSEI) rose 1.65% to 20,602.50 points, notching a record high for second session in a row. The S&P BSE Sensex (.BSESN) was up 1.64% to an all-time high of 68,587.82, as of 9:16 a.m. IST. Reporting by Bharath Rajeswaran; Editing by Dhanya Ann ThoppilOur Standards: The Thomson Reuters Trust Principles.

Persons: Bharatiya Janata Party's, Bharath Rajeswaran, Dhanya Ann Thoppil Organizations: Bharatiya Janata, NSE, BSE, Thomson Locations: BENGALURU, U.S

☆ India's Nifty 50 hits all-time high after upbeat growth data
▼ + stars: | 2023-12-01 | by ( Bharath Rajeswaran | ) www.reuters.com time to read: +2 min

The NSE Nifty 50 index (.NSEI) rose as much as 0.52% to 20,238.45, a new record high, while the S&P BSE Sensex (.BSESN) was up 0.44% at 67,286.16, as of 9:35 a.m. IST. "India's growth outlook remains positive, with various capex initiatives of the government likely to trigger consumption at the bottom of the pyramid," Pramod Gubbi, founder of Marcellus Investment Management, said. India's Nifty and Sensex posted their best month in 2023 in November, aided by the return on foreign portfolio investor (FPI) inflows. India's general elections are due early next year. Reporting by Bharath Rajeswaran in Bengaluru; Editing by Sonia Cheema and Mrigank DhaniwalaOur Standards: The Thomson Reuters Trust Principles.

Persons: Francis Mascarenhas, Gubbi, India's, Sensex, Madhavi Arora, Bharath Rajeswaran, Sonia Cheema Organizations: National Stock Exchange, REUTERS, Rights, NSE, BSE, Reuters, Reserve Bank, Marcellus Investment Management, Wall, Dow Jones, Bharatiya Janata Party, BJP, Indian National Congress, Emkay Global Financial Services, Thomson Locations: Mumbai, India, U.S, Rajasthan, Madhya Pradesh, Chhattisgarh, Telangana, Bengaluru

☆ India's blue-chips open higher, inch towards record high ahead of GDP data
▼ + stars: | 2023-11-30 | by ( ) www.reuters.com time to read: 1 min

The Bombay Stock Exchange (BSE) building is seen lit up for Diwali, the Hindu festival of lights, in Mumbai, India, November 12, 2023. REUTERS/Francis Mascarenhas/File Photo Acquire Licensing RightsBENGALURU, Nov 30 (Reuters) - Indian blue-chip shares opened higher on Thursday, with the benchmark indexes inching towards new record highs, as bets of U.S. interest rate cuts by March 2024 have triggered foreign inflows ahead of key macroeconomic data. The NSE Nifty 50 index (.NSEI) rose 0.17% to 20,130.10 points and the S&P BSE Sensex (.BSESN) was up 0.15% at 66,995.97, respectively, as of 9:16 a.m IST. Reporting by Bharath Rajeswaran in Bengaluru; Editing by Mrigank Dhaniwala and Sohini GoswamiOur Standards: The Thomson Reuters Trust Principles.

Persons: Francis Mascarenhas, Bharath Rajeswaran, Mrigank Dhaniwala, Sohini Organizations: Bombay Stock Exchange, REUTERS, Rights, NSE, BSE, Thomson Locations: Mumbai, India, Bengaluru

☆ Cricket World Cup 2023: Polluted air the common opponent
▼ + stars: | 2023-11-22 | by ( Vijdan Mohammad Kawoosa | ) www.reuters.com time to read: +12 min

Air quality during 2023 Cricket World Cup matchesChart categorises the 2023 cricket World Cup matches held in 10 Indian cities by the air quality observed during the matches they hosted. Twenty matches were held in ‘unhealthy’ air quality, 11 in air that was ‘unhealthy for sensitive groups’, 12 in ‘moderate’ air quality and only two in ‘good’ air quality. Average 24-hour PM 2.5 levels on all cricket World Cup match days between 1983 and 2019Chart shows average PM 2.5 concentration on match days at places that hosted a cricket World Cup match between 1983 and 2019. Of all the regions that have ever hosted a cricket World Cup match, the Indian subcontinent has seen the most polluted air. Map shows average annual PM 2.5 levels in 2019 across the world and locations that have ever hosted a cricket World Cup match.

Persons: Delhi’s Arun, Arun Jaitley, ITO, Chandika Hathurusinghe, Joe Root, Ben Stokes, Suranga Lakmal, Mohammad Shami vomited Organizations: Sri Lankan, teams, Arun, ITO, Labs Inc, . Environmental Protection Agency, Delhi, United States Environment Protection Agency, U.S . Environmental Protection Agency, World Health Organization, Indian, Matches, Daily, International Cricket Council, Endurance Locations: New Delhi, Delhi, Lahore, Pakistan, Australia, Netherlands, India, ITO, Sri Lanka, England, Indian, Mumbai, Bengaluru, Kolkata, Sri Lankan, U.S, Canberra, United States, China, Bangladesh

☆ Indian shares set for muted opening; TCS, Cipla in focus
▼ + stars: | 2023-11-20 | by ( Sethuraman N R | ) www.reuters.com time to read: +2 min

The new logo of the Bombay Stock Exchange (BSE) building is seen in Mumbai, India, July 12, 2023. REUTERS/Francis Mascarenhas/File Photo Acquire Licensing RightsBANGALORE, Nov 20 (Reuters) - Indian shares are set to open on a slightly muted note on Monday, with a focus on the global interest rate outlook after a more than 3% rally so far this month. The NSE Nifty 50 index (.NSEI) gained 1.58% last week, its best in two months, while the Sensex rose 1.37%. "Market is expected to continue its upward movement driven, by robust macro data and diminishing global concerns," SMC Global Securities said in a note. In global markets, MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) edged up 0.3%, with investors awaiting minutes of the Fed's last meeting.

Persons: Francis Mascarenhas, Nifty, Sohini Goswami Organizations: Bombay Stock Exchange, REUTERS, Rights, NSE, U.S . Federal, SMC Global Securities, India's Tata Consultancy Services, United, United States Food, Drug Administration, CFM Mozambique, General Tax Authority, Sethuraman NR, Thomson Locations: Mumbai, India, Rights BANGALORE, Asia, Pacific, Japan, United States, Qatar, Bengaluru

Learn moreYou're just a few simple clicks away from a free Cricket World Cup final live stream. These virtual private networks let your devices mimic various international locations of your choosing so that you can watch free live stream options hosted in other countries that are usually blocked to outsiders. Where to watch free India vs. Australia live streamAustralia is one of the only countries with a free Cricket World Cup final live stream, courtesy of streaming service 9Now. That's the best place to watch India vs. Australia for free today. Watch India vs. Australia.

Persons: Virat Kohli, Sachin, 9Now, We've, we've, ExpressVPN Organizations: Australia, Cricket, Watch India, ESPN Plus, Sky Sports Cricket, ESPN, Hulu, Disney Locations: India, Australia, Australian, United States

Learn moreThe final match of the Cricket World Cup semi-finals is up today, and you're just a few simple clicks away from a free South Africa vs. Australia live stream. Like Australia, South Africa (and everyone else) lost to India in the group stage, but the defeat to the Netherlands was a bit of a shocker. Where to watch free South Africa vs. Australia Cricket World Cup live streamAustralia is one of the only countries with a free Cricket World Cup live stream, courtesy of streaming service 9Now. You'll find today's free semi-final, South Africa vs. Australia, on the main 9Now channel - likewise, with Sunday's final. Watch South Africa vs. Australia.

Persons: 9Now, We've, we've, ExpressVPN Organizations: Cricket, Australia, Australia Cricket, ESPN Plus, Cricket World, Sky Sports Cricket, ESPN, Hulu, Disney Locations: Africa, Australia, India, South Africa, Netherlands, Australian, Watch, United States

Learn moreThe Cricket World Cup semi-finals begin today, and you're just a few simple clicks away from a free India vs. New Zealand live stream. Where to watch free India vs. New Zealand Cricket World Cup live streamAustralia is one of the only countries with a free Cricket World Cup live stream, courtesy of streaming service 9Now on the Gem channel. You'll find today's free India vs New Zealand live stream there today, and you can see tomorrow's other semi-final, Australia vs. South Africa, on the main 9Now channel - likewise, with Sunday's final. We've been running a how to watch the Cricket World Cup guide throughout the tournament, so we've confirmed all these details as working for weeks now. Watch India vs. New Zealand.

Persons: 9Now, We've, we've, ExpressVPN Organizations: Cricket, India, New, New Zealand Cricket, Watch India, ESPN Plus, Cricket World, Sky Sports Cricket, ESPN, Hulu, Disney Locations: India, Zealand, Australia, New Zealand, South Africa, Australian, United States

☆ IT, financials lead slide in Indian shares; inflation data eyed
▼ + stars: | 2023-11-13 | by ( ) www.reuters.com time to read: 1 min

A bird flies past a screen displaying the Sensex results on the facade of the Bombay Stock Exchange (BSE) building in Mumbai, February 1, 2023. REUTERS/Niharika Kulkarni/File Photo Acquire Licensing RightsBENGALURU, Nov 13 (Reuters) - Indian blue chips opened lower on Monday, dragged by information technology (IT) and financial stocks, while investors awaited domestic retail inflation data for October. The NSE Nifty 50 index (.NSEI) was down 0.35% at 19,456.75 as of 9:18 a.m. IST, while the S&P BSE Sensex (.BSESN) fell 0.40% to 64,995.73. The benchmarks Nifty 50 (.NSEI) and Sensex (.BSESN) hit three-week highs in the special one-hour "muhurat" trading session on Sunday, led by gains in energy and information technology stocks. Reporting by Bharath Rajeswaran in Bengaluru; editing by Eileen SorengOur Standards: The Thomson Reuters Trust Principles.

Persons: Niharika Kulkarni, Bharath Rajeswaran, Eileen Soreng Organizations: Bombay Stock Exchange, REUTERS, Rights, NSE, BSE, Thomson Locations: Mumbai, Bengaluru

☆ Indian shares rise as falling oil prices boost energy stocks
▼ + stars: | 2023-11-08 | by ( Bharath Rajeswaran | ) www.reuters.com time to read: +2 min

REUTERS/Francis Mascarenhas/File Photo Acquire Licensing RightsBENGALURU, Nov 8 (Reuters) - Indian shares rose on Wednesday, led by energy stocks, as crude prices fell, while a drop in high weightage financials after a recent rise capped gains. The NSE Nifty 50 index (.NSEI) was up 0.23% at 19,451.10 as of 10:07 a.m. IST, while the S&P BSE Sensex (.BSESN) rose 0.14% to 65,027.13. "Moderation in U.S. bond yields, positive earnings and a drop in crude oil prices are positive for the markets," said analysts at Centrum Institutional Research. Ten of the 13 major sectors rose, with energy (.NIFTYENR) and oil & gas (.NIFYOILGAS) rising 0.5% and 1%, respectively. ICICI Bank (ICBK.NS), SBI Life Insurance (SBIL.NS), Bajaj Finance (BJFN.NS), Kotak Mahindra Bank (KTKM.NS) were among the top Nifty 50 losers, shedding between 0.3% and 0.8%.

Persons: Francis Mascarenhas, Powell, Brent, Bharath Rajeswaran, Dhanya Ann Thoppil, Sohini Goswami, Nivedita Organizations: Bombay Stock Exchange, REUTERS, Rights, NSE, BSE, Centrum Institutional Research, Bharat Petroleum Corporation, ICICI Bank, SBI Life Insurance, Bajaj Finance, Kotak Mahindra Bank, Wall, U.S, Treasury, Nasdaq, Apollo Tyres, Prestige Estate, Thomson Locations: Mumbai, India, China, Bengaluru

Learn moreYou're just a few clicks away from a free England vs. Australia live stream. This is one of the select free games hosted in Australia, as mentioned in our guide to free Cricket World Cup live stream roundup. Where to watch England vs. Australia Cricket World Cup live streams freeAustralia is one of the only countries with a free Cricket World Cup live stream, courtesy of streaming service 9Now (some will be on sister channel 9Gem; check full TV guide listings here). You won't find every scheduled Cricket World Cup match there, but you can be sure all the matches that Australia's playing will air, including South Africa vs. Australia. Watch England vs. Australia.

Persons: we've, Here's, 9Now, ExpressVPN Organizations: Cricket, England, Australia Cricket, Australia, ESPN Plus, Cricket World, Sky Sports Cricket Locations: England, Australia, India, South Africa, 9Now, Africa, Afghanistan, Bangladesh, Australian, United States

☆ Indian shares open lower tracking Asian peers
▼ + stars: | 2023-10-30 | by ( ) www.reuters.com time to read: 1 min

BENGALURU, Oct 30 (Reuters) - India's blue-chips opened lower on Monday after logging their worst week in over a month last week, while Asian peers were muted over the Middle East conflict. The NSE Nifty 50 index (.NSEI) was down 0.18% at 19,010.85 as of 9:17 a.m. IST, while the S&P BSE Sensex (.BSESN) fell 0.22% to 63,631.72. Reporting by Bharath Rajeswaran in Bengaluru; editing by Eileen SorengOur Standards: The Thomson Reuters Trust Principles.

Persons: Bharath Rajeswaran, Eileen Soreng Organizations: NSE, BSE, Thomson Locations: BENGALURU, Bengaluru

☆ Rupee rises on oil pullback; dollar liquidity remains inadequate
▼ + stars: | 2023-10-25 | by ( Nimesh Vora | ) www.reuters.com time to read: +2 min

A customer hands Indian currency notes to an attendant at a fuel station in Mumbai, India, August 13, 2018. REUTERS/Francis Mascarenhas/File photo Acquire Licensing RightsMUMBAI, Oct 25 (Reuters) - The Indian rupee rose marginally on Wednesday, helped by retreating oil prices and U.S Treasury yields, while the dollar/rupee cash swap rate indicated that dollar liquidity was less than sufficient. The rupee was at 83.1500 to the U.S. dollar at 11:53 a.m. IST, up from its previous close of 83.1925 but slightly below its open at 83.0650. Meanwhile, USD/INR swap rate for today over tomorrow was at 0.15 paisa following the expiry of the Reserve Bank of India's $5 billion swap on Monday. At 0.15 paisa, the imputed rupee lending rate for raising dollars is 6%, which is 80 basis points below the rupee call rate.

Persons: Francis Mascarenhas, Brent, Morgan Stanley, Nimesh Vora, Varun Organizations: REUTERS, Rights, Treasury, U.S, Reserve Bank, India's, Thomson Locations: Mumbai, India, Rights MUMBAI, Asia, U.S

☆ Metals lead rise in Indian shares amid global rebound
▼ + stars: | 2023-10-25 | by ( ) www.reuters.com time to read: 1 min

The new logo of the Bombay Stock Exchange (BSE) building is seen in Mumbai, India, July 12, 2023. REUTERS/Francis Mascarenhas/File photo Acquire Licensing RightsBENGALURU, Oct 25 (Reuters) - Metals led Indian shares higher amid a rebound in global stocks, as U.S. Treasury yields eased and crude oil prices moderated below $90 per barrel. The NSE Nifty 50 index (.NSEI) was up 0.25% at 19,329.35 as of 9:16 a.m. IST, and the S&P BSE Sensex (.BSESN) rose 0.28% to 65,744.08. Reporting by Bharath Rajeswaran in Bengaluru; editing by Eileen SorengOur Standards: The Thomson Reuters Trust Principles.

Persons: Francis Mascarenhas, Bharath Rajeswaran, Eileen Soreng Organizations: Bombay Stock Exchange, REUTERS, Rights, Metals, Treasury, NSE, BSE, Thomson Locations: Mumbai, India, Bengaluru

Learn moreLooking for help on where to watch a South Africa vs England live stream today? We can help get you set up in just a few clicks, and even better, you can tune into this live Cricket World Cup match for free. As mentioned in our guide to free Cricket World Cup live stream roundup, there are multiple free games on an Australian streaming channel. How to watch South Africa vs. England and other free Cricket World Cup live streamsAustralia is one of the only countries with a free Cricket World Cup live stream, courtesy of streaming service 9Now (some will be on sister channel 9Gem; check the full TV guide listings here). Watch South Africa vs. England.

Persons: We've, Here's, 9Now, ExpressVPN Organizations: Rugby, Cricket, England, Zealand, ESPN Plus, Cricket World, Sky Sports Cricket Locations: South Africa, England, Netherlands, Australia, 9Now, Africa, India, Afghanistan, Bangladesh, Australian, United States

☆ Dabur India units face lawsuits in US, Canada alleging products caused cancer
▼ + stars: | 2023-10-19 | by ( ) www.reuters.com time to read: +1 min

Companies Dabur India Ltd FollowOct 19 (Reuters) - Dabur India (DABU.NS) said on Wednesday its subsidiaries were among companies sued in the U.S. and Canada by customers alleging that the use of hair relaxer products had caused ovarian cancer, uterine cancer and other health issues. They were last down 1.7% at 525 rupees as of 12:06 p.m. IST, extending their year-to-date decline to 6.5%. The units have denied liability and have retained counsel to defend them, the company said. The company did not immediately respond to a request for additional details outside of normal business hours. Reporting by Kanjyik Ghosh in Bengaluru; Editing by Sriraj KalluvilaOur Standards: The Thomson Reuters Trust Principles.

Persons: Kanjyik Ghosh, Sriraj Organizations: Dabur, Namaste Laboratories, Thomson Locations: India, U.S, Canada, Illinois, Bengaluru

Learn moreYou've picked a great time to tune in with two teams hungry for a first win at this year's Cricket World Cup. As mentioned in our guide to free Cricket World Cup live stream roundup, there are multiple free games on an Australian streaming channel. How to watch Australia vs. Sri Lanka and other free Cricket World Cup live streamsAustralia is one of the only countries with a free Cricket World Cup live stream, courtesy of streaming service 9Now (some will be on sister channel 9Gem; check the full TV guide listings here). You won't find every scheduled Cricket World Cup match there, but you can be sure all the matches that Australia's playing will air, plus top-tier games like today's Australia vs. Sri Lanka. Watch Australia vs. Sri Lanka.

Persons: We've, 9Now, ExpressVPN Organizations: Australia, Rugby, South, Cricket, Sri, Zealand, England, ESPN Plus, Cricket World, Sky Sports Cricket Locations: Australia, Sri Lanka, New Zealand, South Africa, Pakistan, 9Now, England, Africa, India, Netherlands, Afghanistan, Bangladesh, Australian, United States

Learn moreYou've picked an excellent game if you're just tuning into the Cricket World Cup. We have everything you need on how to watch a free India vs. Pakistan live stream today, and better yet, it will set you up for a range of other free matches during the tournament - more details on those other games below. As mentioned in our guide to free Cricket World Cup live stream roundup, there are multiple free games on an Australian streaming channel. How to watch India vs. Pakistan and other free Cricket World Cup live streamsAustralia is one of the only countries with a free Cricket World Cup live stream, courtesy of streaming service 9Now (some will be on sister channel 9Gem; check the full TV guide listings here). Watch India vs. Pakistan.

Persons: We've, Here's, 9Now, ExpressVPN Organizations: Cricket, India, Pakistan, Sri, Zealand, England, ESPN Plus, Cricket World, Sky Sports Cricket Locations: India, Pakistan, Australia, 9Now, Sri Lanka, England, Africa, Netherlands, Afghanistan, Bangladesh, Australian, United States

☆ India's state-run banks to lower bond purchases as liquidity tightens - treasurers
▼ + stars: | 2023-10-13 | by ( Dharamraj Dhutia | ) www.reuters.com time to read: +2 min

MUMBAI (Reuters) - India’s state-owned banks will slow government bond purchases in the weeks ahead as banking system liquidity tightens, treasury officials from nine state lenders said. REUTERS/Hemanshi KamaniBond yields have spiked since Oct. 6, when the central bank said it will keep monetary policy restrictive and sell bonds to manage banking system liquidity. These lenders have bought 253 billion rupees ($3 billion) of government debt since Sept. 22, including 100 billion rupees on Oct. 6. Banking system liquidity - the quantum of funds in the interbank market - has largely been in deficit from the middle of September. Bond traders expect the banking system’s cash position to stay in deficit because of tax payments and likely bond sales by the Reserve Bank of India (RBI).

Persons: “, ” Vijay Sharma, PNB Gilts, Bond Organizations: REUTERS, Banking, Reserve Bank of India, “ Locations: MUMBAI, ”, India

☆ India's state-run banks to lower bond purchases as liquidity tightens, treasurers say
▼ + stars: | 2023-10-13 | by ( Dharamraj Dhutia | ) www.reuters.com time to read: +2 min

MUMBAI, Oct 13 (Reuters) - India's state-owned banks will slow government bond purchases in the weeks ahead as banking system liquidity tightens, treasury officials from nine state lenders said. Bond yields have spiked since Oct. 6, when the central bank said it will keep monetary policy restrictive and sell bonds to manage banking system liquidity. These lenders have bought 253 billion rupees ($3 billion) of government debt since Sept. 22, including 100 billion rupees on Oct. 6. Reuters GraphicsBanking system liquidity - the quantum of funds in the interbank market - has largely been in deficit from the middle of September. Bond purchases would be incremental and linked to rise in yields, say at every 3-4 basis points, the treasury head at the state-run bank said.

Persons: Vijay Sharma, PNB Gilts, Dharamraj Dhutia, Swati Bhat, Mrigank Organizations: Reuters Graphics Banking, Reserve Bank of India, Thomson Locations: MUMBAI, India

☆ Indian shares open marginally higher on oil pullback; IT stocks slip
▼ + stars: | 2023-10-12 | by ( ) www.reuters.com time to read: 1 min

A general view of the Bombay Stock Exchange (BSE), after Sensex surpassed the 50,000 level for the first time, in Mumbai, India, January 21, 2021. REUTERS/Francis Mascarenhas/File Photo Acquire Licensing RightsBENGALURU, Oct 12 (Reuters) - Indian shares opened marginally higher on Thursday as moderating oil prices boosted sentiment, while a slide in information technology (IT) stocks after Tata Consultancy Services' earnings capped gains. The NSE Nifty 50 index (.NSEI) was up 0.11% at 19,832.70 as of 9:16 a.m. IST, and the S&P BSE Sensex (.BSESN) rose 0.10% to 66,549.26. Reporting by Bharath Rajeswaran in Bengaluru; Editing by Varun H KOur Standards: The Thomson Reuters Trust Principles.

Persons: Francis Mascarenhas, Bharath Rajeswaran, Varun Organizations: Bombay Stock Exchange, Sensex, REUTERS, Rights, Tata Consultancy Services, NSE, BSE, Thomson Locations: Mumbai, India, Bengaluru

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