Anup Roy

1 week ago | bloomberg.com | Anup Roy |Subhadip Sircar

The Reserve Bank of India headquarters building in Mumbai. (Bloomberg) -- India’s central bank gave a record dividend to the government as gains on foreign exchange transactions and interest income boosted its profit. The Reserve Bank of India recorded gains of over 1.11 trillion rupees ($13 billion) from sale of foreign exchange in the financial year that ended in March, up from 836.16 billion rupees the previous year, according to its annual report released Thursday.

2 weeks ago | bloomberg.com | Anup Roy

A Reserve Bank of India branch in Prayagraj, Uttar Pradesh, India. Photographer: PV/YT/Bloomberg(Bloomberg) -- India’s central bank will give a record dividend to the government, shoring up finances to bolster growth in Asia’s third largest economy. The Reserve Bank of India board approved the transfer of 2.69 trillion rupees ($32 billion), the central bank said in a statement Friday.

2 weeks ago | bloomberg.com | Anup Roy |Ruchi Bhatia

Sanjay Malhotra(Bloomberg) -- India’s economic growth will see a short-term impact of the ongoing tariff tensions, the central bank governor said, though the South Asian nation will stay resilient amid geopolitical and trade uncertainties. “I am hopeful that the impact of trade tariffs on our growth will be moderate,” Reserve Bank of India Governor Sanjay Malhotra said in an interview with the Times of India published Friday.

2 weeks ago | news.bloombergtax.com | Anup Roy

India’s economic activity improved in May despite uncertainty over tariffs, led by a pickup in the services sector and steady showing by the manufacturing segment, a flash survey by HSBC Holdings Plc showed. The manufacturing purchasing managers’ index was up slightly at 58.3 from 58.2 in April, while the services purchasing managers’ index climbed to 61.2 from 58.7 last month. That helped the composite index jump to 61.2 compared to 59.7 in April.

2 weeks ago | bloomberg.com | Anup Roy

A worker moves steel bars at a warehouse in Ghaziabad, Uttar Pradesh, India. (Bloomberg) -- India’s economic activity improved in May despite uncertainty over tariffs, led by a pickup in the services sector and steady showing by the manufacturing segment, a flash survey by HSBC Holdings Plc showed. The manufacturing purchasing managers’ index was up slightly at 58.3 from 58.2 in April, while the services purchasing managers’ index climbed to 61.2 from 58.7 last month.