BENGALURU (Reuters) -Shares of Indian news broadcaster New Delhi Television Ltd rose over 4% on Monday after founders Prannoy Roy and Radhika Roy said they would transfer their 27.26% stake in the company to the Adani Group. After the deal, the Indian conglomerate, led by billionaire Gautam Adani, will control 64.71% of NDTV, while the …
India’s NDTV shares rise as founders plan to sell stake to Adani Read More »
MUMBAI (Reuters) – India’s federal investigating agency has arrested Videocon Group chairman Venugopal Dhoot in connection with a loan fraud case involving ICICI Bank, a source from the Central Bureau of Investigation (CBI) told Reuters on Monday. The CBI did not immediately respond to request for comment. In early 2019, the CBI filed a case …
India federal police arrests Videocon chairman Dhoot in loan fraud case Read More »
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar slid against most currencies in choppy, thin trading on Friday as data signaled that the U.S. economy is cooling a bit, reinforcing expectations of smaller interest rate increases from the Federal Reserve and improving investors’ risk appetite. The personal consumption expenditures (PCE) price index rose 0.1% …
U.S. dollar weakens as risk appetite rises with data showing slowdown Read More »
By Seher Dareen (Reuters) – Gold prices edged up on Friday before a long holiday weekend as data showed U.S. inflation was cooling, though not significantly enough for the Federal Reserve to slow down rate hikes. Spot gold rose 0.2% to $1,796.53 per ounce by 2:22 p.m. ET (1922 GMT), while U.S. gold futures settled …
BENGALURU (Reuters) -Indian billionaire Gautam Adani will control 64.71% of New Delhi Television Ltd as the company’s founders have decided to sell most of their shares, four months after he launched a takeover of the news network. Adani already held 37% of NDTV after an open offer and an acquisition of a company owned by …
Billionaire Adani to control nearly 65% of NDTV as founders sell stake Read More »
(Reuters) -India’s federal investigating agency has arrested former ICICI Bank Ltd Chief Executive Officer Chanda Kochhar in connection with a loan fraud case involving the bank and Videocon Group, a source from the Central Bureau of Investigation (CBI) told Reuters on Friday. Kochhar’s husband, Deepak Kochhar, was also arrested as part of the case, according …
Former ICICI Bank CEO Chanda Kochhar arrested in loan fraud case -source Read More »
By Shivangi Acharya and Nikunj Ohri NEW DELHI (Reuters) – India’s future interest rate hikes should be carefully calibrated and its intervention in the foreign exchange market should be limited to managing volatility, the International Monetary Fund (IMF) said on Friday. The Reserve Bank of India (RBI) has raised its key policy rate by 225 …
India should hike rates carefully, prepare for headwinds, IMF says Read More »
By Marc Jones LONDON (Reuters) -Trillions of dollars wiped off world stocks, bond market tantrums, whip-sawing currency and commodities and the collapse of a few crypto empires – 2022 has been perhaps the most turbulent year investors have ever seen, and for good reason. Tallying the final numbers is useful but doesn’t even come close …
How 2022 shocked, rocked and rolled global markets Read More »
NEW DELHI (Reuters) – India’s Avon Cycles Ltd has denied any wrongdoing in a scheme granting subsidies to vehicle manufacturers to boost the sale of electric vehicles (EV), after the government said the company was among those being investigated for misappropriation. The Indian government is reimbursing electric vehicle and hybrid vehicle manufacturers for reducing the …
Indian EV maker denies allegations of misappropriation of incentives Read More »
BENGALURU (Reuters) -India’s benchmark Nifty 50 stocks index slipped below the 18,000 mark on Friday after robust U.S. economic data revived concerns of higher interest rates, while a surge in COVID-19 infections in China also dampened risk appetite. The Nifty 50 index was down 0.95% at 17,951.20 as of 11:15 a.m. IST, dropping below the …
Indian shares fall on Fed rate fears; Nifty slips below 18,000 Read More »
