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☆ Apple to roll out 5G in India in Dec amid early adoption push
▼ + stars: | 2022-10-12 | by ( ) www.reuters.com time to read: +2 min

The iPhone 14, iPhone 14 Pro and iPhone 14 Pro Max are displayed at the Apple Fifth Avenue store, in Manhattan, New York City U.S. September 16, 2022. REUTERS/Andrew KellyNEW DELHI, Oct 12 (Reuters) - Apple Inc (AAPL.O) will start upgrading its iPhone models in India in December to make them compatible with 5G networks, the company said on Wednesday, as Indian authorities pressed mobile phone manufacturers to adoption the high-speed network. The company said it would push software upgrades to recent models, including the iPhone 14, 13, 12 and iPhone SE, which, industry sources say, do not support the network currently. "We are working with our carrier partners in India to bring the best 5G experience to iPhone users as soon as network validation and testing for quality and performance is completed," Apple said in a statement. Register now for FREE unlimited access to Reuters.com Register"5G will be enabled via a software update and will start rolling out to iPhone users in December."

☆ Twitter reviews policies around permanent user bans - FT
▼ + stars: | 2022-10-12 | by ( ) www.reuters.com time to read: +2 min

A promoted tweet on Twitter app is displayed on a mobile phone near a Twitter logo, in this illustration picture taken Sept. 8, 2022. Twitter has been exploring if there are other content moderation tools that could replace a ban, its harshest penalty for violating rules, the newspaper said, citing multiple people familiar with the situation. Back in May, shortly after inking a $44 billion deal to buy Twitter, Musk had pledged changes to the social media platform's content moderation practices. Twitter restricted Kanye West's account over the weekend, saying it removed posts by the rapper that online users condemned as anti-Semitic. Register now for FREE unlimited access to Reuters.com RegisterReporting by Akriti Sharma in Bengaluru; Editing by Uttaresh.V and Savio D'SouzaOur Standards: The Thomson Reuters Trust Principles.

☆ India's Wipro Q2 profit misses estimate
▼ + stars: | 2022-10-12 | by ( ) www.reuters.com time to read: +1 min

BENGALURU, Oct 12 (Reuters) - India's Wipro Ltd (WIPR.NS) on Wednesday reported a weaker-than-expected second quarter profit hit by higher employee-related expenses. read moreConsolidated net profit for quarter-ended Sept. 30 came in at 26.59 billion Indian rupees ($323.3 million), compared with 29.31 billion rupees year ago. Analysts on average had expected a profit of 28.44 billion rupees, according to Refinitiv data. Revenue from operations rose nearly 15% to 225.40 billion rupees. ($1 = 82.2530 Indian rupees)Register now for FREE unlimited access to Reuters.com RegisterReporting by Nallur Sethuraman in Bengaluru; Editing by Savio D'Souza and Dhanya Ann ThoppilOur Standards: The Thomson Reuters Trust Principles.

☆ Europe likely entering another COVID wave, says WHO and ECDC
▼ + stars: | 2022-10-12 | by ( ) www.reuters.com time to read: +1 min

Oct 12 (Reuters) - Another wave of COVID-19 infections may have begun in Europe as cases begin to tick up across the region, the World Health Organization and European Centre for Disease Prevention and Control (ECDC) said on Wednesday. "We are unfortunately seeing indicators rising again in Europe, suggesting that another wave of infections has begun." Public health experts have warned that vaccine fatigue and confusion over available vaccines will likely limit booster uptake in the region. read moreMillions of people across Europe remain unvaccinated against COVID-19, the WHO and ECDC noted. They urged European countries to administer both flu and COVID-19 vaccines ahead of an expected surge in cases of seasonal influenza.

☆ European shares fall for sixth day on earnings jitters
▼ + stars: | 2022-10-12 | by ( ) www.reuters.com time to read: +3 min

Weak results from Barratt Developments (BDEV.L), Britain's largest housebuilder, sparked a selloff in the sector. read more"Although depressed sentiment and cheapened valuations are tailwinds for European stocks, the region's macroeconomic outlook remains a potent headwind that could lead to further downside for European earnings," analysts at BCA Research wrote in a note. Overall, European companies are expected to report a 29.4% increase in third-quarter profit, slightly below the 33.2% rise forecast at the start of October, as per Refintiv IBES data. read moreOther luxury stocks such as Hermes (HRMS.PA), L'Oreal (OREP.PA) and Christian Dior (DIOR.PA) gained between 0.9% and 2.7%. Register now for FREE unlimited access to Reuters.com RegisterReporting by Sruthi Shankar in Bengaluru; Editing by Savio D'Souza and Dhanya Ann ThoppilOur Standards: The Thomson Reuters Trust Principles.

☆ Toshiba India to supply batteries for EVage's electric vans
▼ + stars: | 2022-10-11 | by ( ) www.reuters.com time to read: +1 min

BENGALURU, Oct 11 (Reuters) - The Indian unit of Japan's Toshiba (6502.T) will supply its SCiB rechargeable lithium-ion cells for 10,000 electric delivery vans made by Indian start-up EVage, the companies said on Tuesday. This is the first deployment of lithium titanium oxide (LTO) cells into commercial delivery vans and will help EVage vehicles with battery safety and performance, the companies said. Chandigarh-based EVage had raised $28 million from U.S.-based venture capital firm RedBlue Capital earlier this year, to help complete its factory in northern India and begin delivery of vehicles. read moreRegister now for FREE unlimited access to Reuters.com RegisterLike electric vehicle (EV) makers Rivian in the United States and Arrival in the UK, EVage is betting on delivery companies globally to shift to cleaner mobility. Register now for FREE unlimited access to Reuters.com RegisterReporting by Meenakshi Maidas in Bengaluru; Editing by Savio D'SouzaOur Standards: The Thomson Reuters Trust Principles.

☆ UK stocks extend losses, BoE measures eyed to stem bond rout
▼ + stars: | 2022-10-11 | by ( Sruthi Shankar | ) www.reuters.com time to read: +3 min

Meanwhile, shares of pension providers such as Legal & General (LGEN.L), Prudential (PRU.L) and Aviva (AV.L) fell between 2.3% and 3.3%. UK's banking index (.FTNMX301010) was down 1.6% at a one-week low despite prospects of a large rate hike by the BoE next month. However, the internationally focussed FTSE 100 has outperformed UK's domestically exposed FTSE 250 (.FTMC) this year, as a weakening pound and strength in commodity prices boosted the former. The FTSE 100 has shed 6.8% so in 2022, while the midcap index has lost about 28% - set for its worst annual performance since 2008. Ukraine-focused miner Ferrexpo Plc (FXPO.L) fell 9.1%, as it temporarily suspended production after Russian missile attacks damaged state-owned electrical infrastructure.

☆ INDIA STOCKS Indian shares rise on metals, auto boost
▼ + stars: | 2022-09-29 | by ( ) www.reuters.com time to read: +1 min

BENGALURU, Sept 29 (Reuters) - Indian shares opened higher on Thursday after six consecutive sessions of losses, boosted by gains in metals and auto companies, with investors eyeing support from central banks to allay fears of a global recession. The NSE Nifty 50 index (.NSEI) rose 0.9% to 17,005 as of 0351 GMT, while the S&P BSE Sensex (.BSESN) gained 0.9% to 57,093.19. Register now for FREE unlimited access to Reuters.com RegisterForeign institutional investors sold a net 27.72 billion Indian rupees ($340.5 million) worth of equities on Wednesday, while domestic investors purchased 25.44 billion rupees of shares, as per provisional data available with the National Stock Exchange. The Nifty metals index (.NIFTYMET) rose 2.5%, while the auto index (.NIFTYAUTO) gained 1.4%Indian cosmetics-to-fashion retailer Nykaa's parent FSN E-Commerce Ventures (FSNE.NS) rose 4.3% after the company said it will consider an issue of bonus shares. read more($1 = 81.4060 Indian rupees)Register now for FREE unlimited access to Reuters.com RegisterReporting by Nallur Sethuraman in Bengaluru; Editing by Savio D'Souza and Dhanya Ann ThoppilOur Standards: The Thomson Reuters Trust Principles.

☆ Cineplex makes approach for Cineworld's U.S. franchise, WSJ reports
▼ + stars: | 2022-09-28 | by ( ) www.reuters.com time to read: +2 min

Cineworld and Cineplex have been locked in a multimillion-dollar legal battle since the London-listed company rescinded its offer to buy Cineplex more than two years ago. Cineworld has since been struggling to rein in massive debt and this month filed for bankruptcy in the United States. Cineplex is in early talks with Cineworld's lenders about taking over Regal in exchange for debt and stock backed by the combined business, the WSJ reported, citing people familiar with the matter. Cineworld's restructuring adviser Alix Partners and financial adviser PJT Partners did not respond immediately to a Reuters request for comment. Cineworld and Cineplex held talks this year about merging operations while settling the legal judgment but failed to reach an agreement, the WSJ added.

☆ London stocks slide amid economic "tug-of-war"
▼ + stars: | 2022-09-28 | by ( Johann M Cherian | ) www.reuters.com time to read: +2 min

The blue-chip index (.FTSE) dropped 1.6%, while the more domestically oriented FTSE 250 (.FTMC) shed 2.5%. The International Monetary Fund (IMF) and ratings agency Moody's criticised Britain's new economic strategy, with the latter warning that unfunded UK tax cuts would be "negative" for the country's credit standing. read more"There is an economic tug-o-war taking place between the Bank of England and the government," said Susannah Streeter, senior investment and markets analyst at Hargreaves Lansdown. Burberry Group (BRBY.L) rose 4.1% after announcing Daniel Lee would be its new chief creative officer, replacing Riccardo Tisci, who is stepping down. read moreRegister now for FREE unlimited access to Reuters.com RegisterReporting by Johann M Cherian in Bengaluru; editing by Uttaresh.V and Savio D'SouzaOur Standards: The Thomson Reuters Trust Principles.

The blue-chip index (.FTSE) slipped 0.3% after dropping as much as 2.1% earlier in the session, while the more domestically focused FTSE 250 (.FTMC) eased 1.4%. The Bank of England said it would buy as many long-dated government bonds as needed between now and Oct. 14 to stabilise financial markets. read moreThe battered pound briefly dropped as much as 1% against the dollar, before paring some losses. Retailers (.FTNMX404010) slipped 0.5%, with online fashion retailer Boohoo Group (BOOH.L) slumping 6.4% after it cut its full-year outlook. read moreBurberry Group (BRBY.L) rose 4.3% after announcing Daniel Lee would be its new chief creative officer, replacing Riccardo Tisci, who is stepping down.

☆ Apple drops plan to boost iPhone production as demand falters-Bloomberg
▼ + stars: | 2022-09-28 | by ( ) www.reuters.com time to read: +1 min

Sept 27 (Reuters) - Apple Inc is dropping plans to increase production of its new iPhones this year after an anticipated surge in demand failed to materialize, Bloomberg News reported on Tuesday, citing people familiar with the matter. The company told suppliers to curtail efforts to increase assembly of its flagship iPhone 14 product family by as many as 6 million units in the second half of this year, Bloomberg reported. Register now for FREE unlimited access to Reuters.com RegisterThe iPhone 14, iPhone 14 Pro and iPhone 14 Pro Max are displayed at the Apple Fifth Avenue store, in Manhattan, New York City U.S. September 16, 2022. Demand for the higher-priced iPhone 14 Pro models is stronger than for the entry-level versions and at least one Apple supplier is shifting production capacity from lower-priced iPhones to premium models, Bloomberg reported. Apple had this week said it would start manufacturing the iPhone 14, launched earlier this month, in India, as the tech giant moves some of its production away from China.

☆ INDIA STOCKS Indian shares seen taking breather after four-day slide
▼ + stars: | 2022-09-27 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Francis MascarenhasBENGALURU, Sept 27 (Reuters) - Indian shares are tipped to open slightly higher on Tuesday, after having fallen over 4% in the past four sessions, even as global markets remained jittery on economic growth concerns. Foreign institutional investors sold net 51.01 billion Indian rupees ($625.1 million) worth Indian equities on Monday as per provisional data available with the National Stock Exchange. ** Mahindra Logistics (MALO.NS) will sell its enterprise mobility business to its unit for 361.2 million rupees and buy Rivigo's B2b Express business for 2.25 billion rupees. ** India's Dev Information Technology bagged order worth 49.7 million rupees. ($1 = 81.6100 Indian rupees)Register now for FREE unlimited access to Reuters.com RegisterReporting by Nallur Sethuraman in Bengaluru; Editing by Savio D'SouzaOur Standards: The Thomson Reuters Trust Principles.

☆ INDIA STOCKS Consumer, IT firms lead Indian shares higher
▼ + stars: | 2022-09-27 | by ( ) www.reuters.com time to read: +1 min

Register now for FREE unlimited access to Reuters.com RegisterA 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 MascarenhasBENGALURU, Sept 27 (Reuters) - Indian shares opened higher on Tuesday, having fallen more than 4% in the past four sessions, led by gains in consumer and IT companies. The Nifty FMCG index (.NIFTYFMCG) gained 1.1%, while the IT index (.NIFTYIT) rose 1%. read moreMahindra Logistics (MALO.NS) shares rose 4.5% after the company said it will sell its enterprise mobility business to its unit for 361.2 million rupees and buy Rivigo's B2B Express business for 2.25 billion rupees. ($1 = 81.6100 Indian rupees)Register now for FREE unlimited access to Reuters.com RegisterReporting by Nallur Sethuraman in Bengaluru; Editing by Savio D'SouzaOur Standards: The Thomson Reuters Trust Principles.

☆ UK's Saga shares drop 20% after profit warning
▼ + stars: | 2022-09-27 | by ( ) www.reuters.com time to read: +1 min

Register now for FREE unlimited access to Reuters.com RegisterSept 27 (Reuters) - British holidays group Saga Plc (SAGA.L) cut its full-year profit forecast on Tuesday, after reporting a loss for the first half of the year as its insurance unit struggles with inflationary woes, sending its shares 20% lower. Saga said its underwriting business has experienced high levels of claims inflation, currently around 13%, increasing the cost of insurance claims and hitting profitability. "Trading conditions in the UK insurance market continue to be challenging," Chief Executive Officer Euan Sutherland said in a statement. Saga posted a first-half pretax loss of 257.5 million pounds, as compared to a profit of 0.7 million pounds a year earlier. ($1 = 0.9275 pounds)Register now for FREE unlimited access to Reuters.com RegisterReporting by Amna Karimi in Bengaluru; Editing by Savio D'Souza and Rashmi AichOur Standards: The Thomson Reuters Trust Principles.

☆ INDIA STOCKS Indian shares fall over 1% on global growth fears
▼ + stars: | 2022-09-26 | by ( ) www.reuters.com time to read: +1 min

Register now for FREE unlimited access to Reuters.com RegisterA man stands in front of a screen displaying news of markets updates inside the Bombay Stock Exchange (BSE) building in Mumbai, India, January, 3, 2020. REUTERS/Francis Mascarenhas/BENGALURU, Sept 26 (Reuters) - Indian shares fell on Monday in broadbased selling, tracking Asian peers, as investors shunned equities on renewed worries over economic growth in the face of a high-interest rate environment. The sterling slumped to a record low on Monday as investors piled in to dollars and out of almost everything else, spooked by the prospect of high interest rates and poor growth ahead. Last week, the United States and half a dozen other countries raised interest rates. read moreRegister now for FREE unlimited access to Reuters.com RegisterReporting by Nallur Sethuraman in Bengaluru; Editing by Savio D'Souza and Dhanya Ann ThoppilOur Standards: The Thomson Reuters Trust Principles.

☆ Scotiabank names Thomson as chief executive officer
▼ + stars: | 2022-09-26 | by ( ) www.reuters.com time to read: +2 min

Register now for FREE unlimited access to Reuters.com RegisterA person walks infant of a sign for The Bank of Nova Scotia, operating as Scotiabank, in Toronto, Ontario, Canada December 13, 2021. REUTERS/Carlos OsorioSept 26 (Reuters) - Bank of Nova Scotia (BNS.TO) said on Monday it appointed Scott Thomson to succeed Chief Executive Officer Brian Porter, at a time when the Canadian banking sector is struggling with market turmoil and rising interest rates. Thomson, who has been a member of the board of Bank of Nova Scotia since 2016, will initially start as president from Dec. 1, overseeing Canadian banking, global banking and markets, global wealth management and international banking at the bank. Register now for FREE unlimited access to Reuters.com RegisterAt Finning, Thomson helped boost return on invested capital in all business units, particularly in Latin America. read moreLast month several brokerages aggressively downgraded the largest Canadian bank as profits at its international banking segment fell below estimates and risks rose from modest net interest margin expectations.

☆ Pfizer/BioNTech seek FDA nod for new COVID boosters for children
▼ + stars: | 2022-09-26 | by ( ) www.reuters.com time to read: +1 min

A vial of the Pfizer-BioNTech coronavirus disease (COVID-19) booster vaccine targeting BA.4 and BA.5 Omicron sub variants is pictured at Skippack Pharmacy in Schwenksville, Pennsylvania, U.S., September 8, 2022. REUTERS/Hannah Beier/File PhotoSept 26 (Reuters) - Pfizer Inc (PFE.N) and its German partner BioNTech on Monday sought the U.S. Food and Drug Administration's authorization for an Omicron-tailored COVID-19 vaccine booster for children aged 5 through 11 years. The rollout of bivalent booster doses for older age groups has been off to a slow start in the United States compared to the rollout of the first boosters last year, with 4.4 million doses administered so far. read moreEarlier in the month, the U.S. Centers for Disease Control and Prevention said it expects COVID-19 vaccine boosters targeting circulating variants of the virus to be available for children aged 5-11 years by mid-October. Register now for FREE unlimited access to Reuters.com RegisterReporting by Leroy Leo and Khushi Mandowara in Bengaluru; Editing by Savio D'SouzaOur Standards: The Thomson Reuters Trust Principles.

☆ FTSE 100 gains as weak pound lifts export-heavy consumer staples
▼ + stars: | 2022-09-26 | by ( ) www.reuters.com time to read: +1 min

Register now for FREE unlimited access to Reuters.com RegisterThe London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. REUTERS/Toby Melville/SummarySummary Companies FTSE 100 up 0.5%, FTSE 250 off 0.7%Sept 26 (Reuters) - London's FTSE 100 index rose on Monday, led by shares of dollar-earning consumer staple companies after sterling tumbled to record low on worries the new government's economic plan will stretch Britain's finances to the limit. The export-oriented FTSE 100 (.FTSE) gained 0.5%, while the more domestically oriented FTSE 250 (.FTMC) declined 0.7%. Consumer staples like Unilever (ULVR.L) and British American Tobacco (BATS.L) added 3.5% and 1.1%, respectively. read moreRegister now for FREE unlimited access to Reuters.com RegisterReporting by Johann M Cherian in Bengaluru; Editing by Savio D'SouzaOur Standards: The Thomson Reuters Trust Principles.

☆ INDIA STOCKS Indian shares seen opening lower on global growth fears
▼ + stars: | 2022-09-26 | by ( ) www.reuters.com time to read: +3 min

REUTERS/Francis Mascarenhas/BENGALURU, Sept 26 (Reuters) - Indian shares are expected to fall at the open on Monday, in line with Asian peers, amid renewed worries over economic growth on the back of high-interest rate environment. India's NSE stock futures listed on the Singapore exchange were down 0.9% as of 0205 GMT, while MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) was down 1%. Foreign institutional investors sold net 29 billion rupees worth Indian equities on Friday as per provisional data available with the National Stock Exchange. ** India's Goa Carbon (GOAC.NS) will consider raising funds via issue of equity shares on rights basis. Register now for FREE unlimited access to Reuters.com RegisterReporting by Nallur Sethuraman in Bengaluru; Editing by Savio D'SouzaOur Standards: The Thomson Reuters Trust Principles.

☆ India's Reliance unit to buy 20% stake in Caelux in renewable energy push
▼ + stars: | 2022-09-23 | by ( ) www.reuters.com time to read: +1 min

Register now for FREE unlimited access to Reuters.com RegisterThe logo of Reliance Industries is pictured in a stall at the Vibrant Gujarat Global Trade Show at Gandhinagar, India, January 17, 2019. REUTERS/Amit DaveBENGALURU, Sept 23 (Reuters) - Indian oil-to-chemicals conglomerate Reliance Industries Ltd (RELI.NS) said its unit Reliance New Energy Ltd would buy a 20% stake for $12 million in solar technology developer Caelux Corp to produce more powerful and lower cost solar modules. Pasadena, California-based Caelux is involved in research and development of perovskite-based solar technology that could see high efficiency solar modules produce 20% more energy over the 25-year lifetime of a solar project for a lower installed cost, Reliance said in an exchange filing on Friday. The stake purchase is part of the billionaire Mukesh Ambani-led conglomerate's aggressive push into the renewable energy sector, with aims of producing 100 GW of solar energy by 2030. read moreEarlier this month, Reliance said it would acquire a 79.4% stake in California-based solar energy software developer SenseHawk for $32 million. read moreRegister now for FREE unlimited access to Reuters.com RegisterReporting by Nandan Mandayam in Bengaluru; Editing by Savio D'Souza and Rashmi AichOur Standards: The Thomson Reuters Trust Principles.

☆ India's Mahindra's lending arm sees vehicle recovery sliding 75% on RBI order
▼ + stars: | 2022-09-23 | by ( ) www.reuters.com time to read: +2 min

People walk past a screen displaying Mahindra and Mahindra logo before the start of a news conference in Mumbai, India May 30, 2016. REUTERS/Danish SiddiquiBENGALURU, Sept 23 (Reuters) - India's Mahindra and Mahindra Financial Services (MMFSL) (MMFS.NS) said on Friday its monthly vehicle recovery would temporarily fall by about 75%, a day after the country's central bank directed the company to stop using third-party services for repossessions. The company's shares tumbled as much as 10% to 201.35 rupees as of 0414 GMT, their biggest intra-day percentage slide in 17 months. The Reserve Bank of India late on Thursday directed the company to stop using third-party services for recoveries until further orders, citing "material supervisory concerns." The halt on vehicle recovery by the third-party agencies is not expected to have any material impact on its financials, the company said.

☆ INDIA STOCKS Indian shares fall as banks, financials drag
▼ + stars: | 2022-09-23 | by ( ) www.reuters.com time to read: +1 min

Register now for FREE unlimited access to Reuters.com RegisterBENGALURU, Sept 23 (Reuters) - Indian shares opened lower on Friday, dragged by banks and financials and mirroring their Asian peers, as global risk sentiment remained subdued amid renewed worries over economic growth. The NSE Nifty 50 index (.NSEI) fell 0.4% at 17,554.20 at 0352 GMT, while the S&P BSE Sensex (.BSESN) dropped 0.4% to 58,868.69. The Nifty bank index (.NSEBANK) was down 0.8%, while the finance index (.NIFTYFIN) dropped 0.9%. Shares of Mahindra and Mahindra Financial Services (MMFS.NS) fell more than 8% after the Reserve Bank of India directed the company to stop using third-party services for loan recovery until further orders. read moreRegister now for FREE unlimited access to Reuters.com RegisterReporting by Nallur Sethuraman in Bengaluru; Editing by Savio D'SouzaOur Standards: The Thomson Reuters Trust Principles.

☆ Indian shares tipped to open lower on subdued global sentiment
▼ + stars: | 2022-09-23 | by ( ) www.reuters.com time to read: +3 min

REUTERS/Francis Mascarenhas/FilesRegister now for FREE unlimited access to Reuters.com RegisterBENGALURU, Sept 23 (Reuters) - Indian shares are expected to open slightly lower on Friday as global risk sentiment remained subdued amid renewed worries over economic growth that was amplified by Russia's threat to use nuclear weapons. The NSE Nifty 50 index (.NSEI) ended 0.5% lower at 17,629.80 on Thursday, while the S&P BSE Sensex (.BSESN) dropped 0.57% to 59,119.72. read more** Tata Steel (TISC.NS) on Thursday approved the amalgamation of Tata Steel Long Products, Tinplate Co, Tata Metaliks, TRF, Indian Steel & Wire Products, Tata Steel Mining with the company. ** Bombay Dyeing And Mfg Co (BDYN.NS) approved raising of funds worth up to 9.40 billion Indian rupees on rights basis. Register now for FREE unlimited access to Reuters.com RegisterReporting by Nallur Sethuraman in Bengaluru; Editing by Savio D'SouzaOur Standards: The Thomson Reuters Trust Principles.

☆ INDIA STOCKS Indian shares fall as Fed signals more rate hikes
▼ + stars: | 2022-09-22 | by ( ) www.reuters.com time to read: +1 min

Register now for FREE unlimited access to Reuters.com RegisterBENGALURU, Sept 22 (Reuters) - Indian shares fell on Thursday, in line with Asian peers, while the rupee hit a record low after the U.S. Federal Reserve raised interest rates and indicated more hikes than markets had expected. The NSE Nifty 50 index (.NSEI) fell 0.53% at 17,624, while the S&P BSE Sensex (.BSESN) slipped 0.51% to 59,150 as of 0346 GMT. The Indian rupee hit a record low of 80.45 against the U.S. dollar. Register now for FREE unlimited access to Reuters.com RegisterThe Fed increased rates by 75 basis points on Wednesday – the third such rise in a row – and signalled that it would continue to raise borrowing costs to fight inflation. read moreIndia's central bank is due to meet next week to decide on its own path for monetary policy.

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