By Jayshree P Upadhyay MUMBAI (Reuters) -The regulator of India’s Gujarat International Finance Tech (GIFT) City is in discussions with the country’s central bank to allow domestic lenders to instantly settle forex transactions through the tax-neutral finance hub, the regulatory body’s chairman said. The move would make forex transactions quicker and cheaper and ease settlement …
By Jayshree P Upadhyay MUMBAI (Reuters) -India’s markets regulator is consulting stakeholders to make it easy to lend and borrow shares and boost volumes, a regulatory official said on Wednesday. The move would increase liquidity in India’s cash markets, which presently lag behind its active derivatives market. The securities lending and borrowing mechanism (SLB) allows …
India markets regulator seeks to boost lending and borrowing of shares, official says Read More »
(Reuters) -InterGlobe Aviation, parent of airline IndiGo, has been fined by India’s aviation regulator for failing to use “qualified simulators” for pilot training at Category C airports, the company said on Wednesday. The Directorate General of Civil Aviation imposed a 2 million-rupee ($22,531.40) penalty in its September 26 order, which the company said it will …
India’s IndiGo fined by airline regulator for lapses in pilot training Read More »
By Bharath Rajeswaran and Vivek Kumar M BENGALURU (Reuters) -India’s stock benchmarks inched lower on Wednesday as investors booked profits after four straight sessions of gains, while information technology stocks climbed ahead of quarterly results. The Nifty 50 <.NSEI> edged down 0.25% to 25,046.15, while the BSE Sensex <.BSESN> shed 0.19% to 81,773.66. The two …
India’s equity benchmarks inch lower on profit booking; IT jumps ahead of earnings Read More »
By Jaspreet Kalra MUMBAI(Reuters) -The Indian rupee lumbered in a tight band on Wednesday, holding above its all-time low even as the U.S. dollar continued to charge higher, with traders pointing to likely central bank intervention to support the local currency. The rupee closed at 88.7975 against the U.S dollar, a whisker away for its …
Rupee moored near record low as central bank defence persists Read More »
By Suzanne McGee and Polina Devitt (Reuters) -Outsized flows into exchange-traded funds tracking gold have helped drive a spectacular rally that pushed bullion to record highs over the last month, analysts said. Spot gold prices hit another record of $3,990.85 per ounce on Tuesday, while U.S. gold futures for December delivery edged above the $4,000 …
Investors flock to gold ETFs as metal’s price shatters records Read More »
By Rajendra Jadhav MUMBAI (Reuters) -India’s physically backed gold exchange-traded funds (ETFs) saw their largest monthly inflow in September, pushing assets under management to a record $10 billion, as investors flocked to the precious metal amid weak stock market returns. Higher inflows into ETFs will lift gold imports to the world’s second-biggest consumer and are …
India’s gold ETFs hit record $10 billion AUM on biggest-ever September inflow Read More »
By Anmol Choubey (Reuters) -Gold raced past $4,000 an ounce for the first time on Wednesday as investors piled into a historic rally in the safe haven to hedge against global economic and geopolitical uncertainties, while also betting on U.S. interest rate cuts. Spot gold was up 1.4% at $4,039.10 per ounce by 0820 GMT. …
Gold zooms past $4,000 for first time in historic flight to safety Read More »
By Alistair Smout MUMBAI (Reuters) -British Prime Minister Keir Starmer said he wanted a trade deal with India to be implemented as soon as “humanly possible” as he began a two-day visit on Wednesday, joined by more than a hundred leaders from the business, culture and university sectors. Britain and India signed a free trade …
UK PM Starmer seeks quick implementation of India trade deal to build business ties Read More »
MUMBAI (Reuters) -London-based digital finance firm Revolut said on Wednesday it will launch its payment platform in India, its first foray into one of the world’s largest digital payments markets, as part of a planned global expansion. Revolut will let Indian users make domestic and international payments via its tie-ups with the Unified Payments Interface …
UK’s Revolut to launch India payments platform, eyes 20 million customers by 2030 Read More »
