BENGALURU (Reuters) – Indian shares closed lower in a choppy session on Friday, dragged by a decline in most sectors in the final hour, as data on the country’s current account deficit (CAD) released on Thursday weighed. The Nifty 50 index closed 0.47% lower at 18,105.30, and the S&P BSE Sensex fell 0.48% to 60,840.74. …
Indian shares rise for seventh year; but slip in final session of 2022 Read More »
BENGALURU (Reuters) -Indian shadow lender Shriram Finance Ltd said on Friday it had secured a five-year loan worth $100 million from the Asian Development Bank to provide credit to its customers towards purchase of new and used vehicles across India. Shriram Finance, which currently has about 1.71 trillion rupees of assets under management, said it …
India’s Shriram Finance secures $100 million loan from Asian Development Bank Read More »
BENGALURU (Reuters) – Shares of Lotus Chocolate Co rose 5% on Friday, a day after a unit of Reliance Retail Ventures agreed to buy a majority stake in the Indian chocolate maker for 740 million rupees ($8.94 million). Reliance Consumer Products Limited (RCPL), the fast-moving consumer goods arm of Reliance Retail, will acquire a 51% …
India’s Lotus Chocolate rises 5% on selling majority stake to Reliance Retail Read More »
By Seher Dareen (Reuters) – Gold edged higher on Thursday, helped by a dip in the dollar as initial unemployment claim data pointed to a cooling off in the U.S. labour market, easing worries about harsher Federal Reserve rate hikes next year. Initial claims for unemployment benefits rose 9,000 to a seasonally adjusted 225,000 for …
Gold extends gains as dollar dips after U.S. jobs data Read More »
BENGALURU (Reuters) – Eicher Motors Ltd will buy a nearly 10.35% stake in Spanish electric motorcycle maker Stark Future SL for 50 million euros ($53.22 million), it said on Thursday, the latest such investment by an Indian company amid rising demand for EVs. The parent of Royal Enfield will nominate a director to the board …
India’s Eicher Motors to invest in Spanish EV firm Stark Read More »
By Siddhi Nayak MUMBAI (Reuters) – India’s consumer price index (CPI) inflation has moderated, but the persistence and broadening of core inflation may continue to exert upward pressure on the headline number going forward, the Financial Stability Report released on Thursday said. The Financial Stability Report includes contributions from all financial sector regulators in the …
India persistent core inflation may exert pressure upward pressure on CPI – report Read More »
By Swati Bhat MUMBAI (Reuters) – India’s current account deficit widened in the July-September quarter as high commodity prices and a weak rupee increased the country’s trade gap, data from the Reserve Bank of India (RBI) showed on Thursday. In absolute terms, the current account deficit (CAD) was $36.40 billion in the second quarter of …
India’s current account gap widens to 9-year high Read More »
BENGALURU (Reuters) – Parent of Indian personal care products startup Mamaearth, Honasa Consumer Ltd, on Thursday filed for an initial public offering (IPO), according to draft papers submitted to the market regulator. The Sequoia- and Sofina-backed company’s IPO will comprise of a fresh issue of shares worth 4 billion rupees ($48.30 million) and an offer …
India’s Mamaearth parent files for IPO – draft prospectus Read More »
BENGALURU (Reuters) -Indian shares swung to gains in the final hour on Thursday, on slide in oil prices due to demand concerns in China, while volatility was high in domestic market with the expiration of the December derivatives series. The Nifty 50 index closed 0.38% higher at 18,191, and the S&P BSE Sensex rose 0.37% …
Indian shares rebound on slide in oil prices, Dec F&O series expiry Read More »
BENGALURU (Reuters) – India’s 5G smartphone shipments will exceed that of 4G shipments by the end of next year, driven by the mass adoption of the high-speed network and the rise in sale of handsets in the lower-price bands, market research firm Counterpoint said on Thursday. Although India’s overall smartphone shipments are estimated to see …
India’s 5G smartphone shipments to cross 4G shipments in 2023 – Counterpoint Read More »
