India
CNBC Daily Open: Global central banks are lowering rates — the Fed might not be as inclined
The Reserve Bank of India logo outside its headquarters in Mumbai on Feb. 7, 2025. Indranil Mukherjee | Afp | Getty Images On Friday, the Reserve Bank of India trimmed its repo rate by 25 basis points. A day prior, the Bank of England lowered interest rates by 25 basis points, following the European Central […]
Read More
Look to India, Japan for ‘quality alpha’ amid market uncertainty, investor says
An employee counts Indian currency notes at a cash counter inside a bank in Kolkata. Rupak De Chowdhuri | Reuters Investors searching for “quality alpha” in Asia over the next six to nine months should look to India and Japan given the uncertainty in China, according to Lincoln Pan, partner and co-head of private equity at the Asia-focused […]
Read More
Asia-Pacific markets fall as investors await India rate decision, assess Japan’s spending data
Japan’s household spending massively beats expectations, boosting case for further BOJ hikes Japan’s household spending in December rose 2.7% year on year in real terms, according to a Friday report from the Statistics Bureau of Japan, massively beating expectations from economists polled by Reuters and marking its first rise since July 2024. The figure sharply […]
Read More
CNBC’s Inside India newsletter: Can a consumption boost save India’s slowing economy?
Brigade Road (Main Shopping Street), Bangalore, Karnataka, India Peter Adams | Stone | Getty Images This report is from this week’s CNBC’s “Inside India” newsletter, which brings you timely, insightful news and market commentary on the emerging powerhouse and the big businesses behind its meteoric rise. Like what you see? You can subscribe here. The big […]
Read More
India likely to cut benchmark rates for the first time in nearly five years as economy slows, inflation eases
The newly appointed Reserve Bank of India (RBI) governor Sanjay Malhotra leaves after addressing a press conference, in Mumbai on December 11, 2024. Indranil Mukherjee | Afp | Getty Images India’s central bank will likely cut benchmark interest rates in its policy meeting that’s underway, as easing inflation offers it room to stimulate a faltering […]
Read More
World’s demand for gold hit another record high last year; appetite for bullion in 2025 remains firm
“In 2024, global gold demand surged to a new quarterly high and a record annual total bolstered by heightened geopolitical and economic uncertainties,” said Shaokai Fan, global head of central banks at the World Gold Council. Shannon Stapleton | Reuters The world’s demand for gold hit another record high in 2024 amid robust central bank […]
Read More
Asia’s capital market needs a ‘Taylor Swift’ of IPOs to catalyze listings, venture capitalist says
The Shanghai skyline Zorazhuang | E+ | Getty Images Asia’s “nascent capital market” needs a catalyst to kickstart it, an expert said at a CNBC Delivering Alpha event last month. The solution to having more listings in Asia involves having more products, information, fund managers and even good issuers, according to Jenny Lee, founder and […]
Read More
India’s Modi invited to meet with Trump next week, White House official says
Narendra Modi, India’s prime minister, left, and U.S President Donald Trump, arrive for a news conference at Hyderabad House in New Delhi, India, on Tuesday, Feb. 25, 2020. T. Narayan | Bloomberg | Getty Images U.S. President Donald Trump has invited Indian Prime Minister Narendra Modi to visit the White House next week, a White House official said, hours after a U.S. military plane departed to return deported migrants to the […]
Read More
Volkswagen sues India to quash ‘enormous’ $1.4 billion tax demand, legal filing shows
Volkswagen logo is fixed by an employee on a production line for the Golf VIII and Tiguan cars at the VW headquarters in Wolfsburg, Germany May 23, 2024. Fabian Bimmer | Reuters Volkswagen has sued Indian authorities to quash an “impossibly enormous” tax demand of $1.4 billion, arguing the ask is contradictory to New Delhi’s […]
Read More
India targets fiscal deficit at 4.4% for 2025-26, sets path to bring down debt
India’s Finance Minister Nirmala Sitharaman holds a briefcase containing the Union Budget as she poses for photographs outside the Ministry of Finance before leaving for the parliament to present the Union Budget in New Delhi, India, on Feb. 1, 2025. Nurphoto | Nurphoto | Getty Images The Indian government will target a narrower fiscal deficit […]
Read More