(Reuters) -Indian Prime Minister Narendra Modi met Cristiano Amon, President and CEO of Qualcomm, Modi’s office said in a statement on Saturday. “Great to see Qualcomm’s commitment towards India’s semiconductor and AI missions,” Modi said in a post on X. On Friday, China initiated an investigation into the U.S. semiconductor manufacturer over its acquisition of …
India’s Modi meets Qualcomm CEO; discusses AI and innovation Read More »
(Corrects headline and first paragraph of Oct 7 story to clarify the pilot launched on Wednesday was for certificates of deposit) By Ashwin Manikandan and Gopika Gopakumar MUMBAI (Reuters) -The Reserve Bank of India will launch a pilot on certificates of deposit tokenisation on Wednesday, according to an official at the central bank. Digital tokenisation …
By Anushree Mukherjee and Anmol Choubey (Reuters) -Gold pared some gains on Friday after briefly rallying above the $4,000 an ounce milestone for a second time this week as U.S. President Donald Trump’s warning of possible fresh tariffs on China accelerated a flight to safe-haven assets. Spot gold was up 0.4% at $3,989.49 per ounce …
Gold pares gains after brief run above $4,000/oz on Trump’s China tariff warning Read More »
(Reuters) -The U.S. Securities and Exchange Commission (SEC) said Indian authorities have not yet acted on its requests to serve summons and complaints to Adani Group executives over alleged securities fraud and a $265 million bribery scheme, a court filing showed on Friday. The case is one of the most high-profile attempts by a U.S. …
US SEC says India yet to serve summons to Adani executives in bribery indictment Read More »
By Ashitha Shivaprasad LONDON (Reuters) -Silver that flooded into the United States earlier this year due to fears of tariffs on imports is likely to head back to the London physical market, where shortages of available metal drove the spot price above U.S. futures. Traders seeking to avoid potential tariffs have been shipping silver to …
Comex silver seen heading back to London due to record spot prices Read More »
By Meenakshi Maidas (Reuters) -WeWork India Management shares settled 3% lower in their trading debut on Friday, valuing the co-working space provider at 84.25 billion rupees (about $950 million), as investors worried about steep valuation and governance risks. The shares opened barely above the IPO offer price of 648 rupees and fell as much as …
WeWork India slips in trading debut amid valuation, governance concerns Read More »
By Dharamraj Dhutia and Khushi Malhotra MUMBAI (Reuters) -India’s largest bank is set to return to the rupee debt market after a year with plans to raise funds through Basel III-compliant tier II bonds this month, three sources familiar with the matter said on Friday. State Bank of India is in advanced stages of issuing …
State Bank of India plans rupee debt sale after year-long hiatus, sources say Read More »
By Bharath Rajeswaran (Reuters) -Inflows into India’s equity mutual funds eased 9% month-on-month to 304.22 billion rupees ($3.44 billion) in September as a sharp slowdown in sectoral and thematic funds weighed on overall flows, data from the Association of Mutual Funds in India (AMFI) showed on Friday. Despite the moderation, investors continued to pour money …
India’s equity MF inflows ease in September; SIP and gold, silver ETFs hit record highs Read More »
By Bharath Rajeswaran and Vivek Kumar M (Reuters) -India’s equity benchmarks logged their biggest weekly gains in more than three months, driven by IT and bank stocks as buoyant sentiment ahead of the earnings season drew in foreign investors. The Nifty 50 and the BSE Sensex added around 1.6% each this week, marking their best …
India stock benchmarks log best week in 3 months; foreign investors turn buyers Read More »
By Lucy Raitano, Naomi Rovnick and Amanda Cooper LONDON (Reuters) -Investors are testing well-established views about gold, which is surging to new records, as an AI-driven stocks rally and red-hot bitcoin force a rethink of what’s driving one of the world’s oldest asset classes. Gold topped $4,000 an ounce for the first time this week …
Analysis-Gold’s record run creates new rulebooks for investors Read More »
