Reuters India Business

Dec 10 (Reuters) – India’s Adani Enterprises said on Wednesday its 250-billion-rupee ($2.8 billion) rights issue was oversubscribed, marking the group’s biggest capital raise since a short-seller’s allegations roiled the ports-to-power conglomerate in 2023. The share sale drew bids for 149.5 million shares against 138.5 million on offer as of 5 p.m. IST, with promoters, …

Adani Enterprises’ $2.8 billion rights issue oversubscribed Read More »

By Ashitha Shivaprasad and Anushree Mukherjee Dec 10 (Reuters) – Gold prices reversed course to rise on Wednesday after the Federal Reserve’s rate cut, though uncertainty over next year’s policy outlook persisted, while silver hit an all-time peak. Spot gold rose 0.7% at $4,236.57 per ounce at 3:17 p.m. ET (2017 GMT). U.S. gold futures …

Gold gains after Fed rate cut, silver hits all-time peak Read More »

Dec 10 (Reuters) – India’s IndiGo said on Wednesday it has reduced its capacity and passenger unit revenue forecast for the third quarter, after the civil aviation regulator directed the carrier to cut 10% of its domestic winter schedule following mass flight cancellations. The airline said it now expects its third-quarter capacity to grow in …

India’s IndiGo cuts Q3 capacity, passenger unit revenue forecast after flight cancellations Read More »

NEW DELHI, Dec 10 (Reuters) – India’s Commerce Secretary Rajesh Agrawal met U.S. Deputy Trade Representative Rick Switzer to discuss bilateral trade and economic ties, the government said on Wednesday. “The two sides exchanged views on matters related to India-US trade and economic ties including on the ongoing negotiations for a mutually beneficial Bilateral Trade …

India, US step up talks on bilateral deal, trade ties Read More »

(Corrects spelling of exclusive in the headline.) By Aditya Kalra NEW DELHI, Dec 10 (Reuters) – An Air India investigation into why one of its Airbus planes conducted eight commercial flights without an airworthiness permit found “systemic failures”, with the airline admitting it needed to do better on compliance, a company document showed. An Airbus …

Exclusive-Air India admits compliance culture needs overhaul after flying Airbus without permit, document shows Read More »

By Bharath Rajeswaran and Vivek Kumar M Dec 10 (Reuters) – India’s stock benchmarks extended losses on Wednesday on concern the U.S. Federal Reserve may signal a more hawkish 2026 outlook ahead of the expected rate cut later in the day. The Nifty 50 the BSE Sensex eased 0.32% each to 25,758 and 84,391.27 points, …

Indian stocks extend losses as investors await clarity on US rate outlook Read More »

By Jaspreet Kalra MUMBAI, Dec 10 (Reuters) – The Indian rupee slipped on Wednesday, ending a session of back-and-forth price action shaped by portfolio flows, likely maturity of positions in the non-deliverable forwards marketand caution ahead of the Federal Reserve’s policy decision. The rupee closed at 89.9650 to the U.S. dollar, slightly weaker than the …

Indian rupee dips after choppy trading, Fed’s rate decision in focus Read More »