(Reuters) -British car dealer Vertu Motors on Wednesday warned of a hit of up to 5.5 million pounds ($7.4 million) to annual profit from disruptions due to a cybersecurity incident at Jaguar Land Rover, sending its shares down 3.5% in early trading. Luxury carmaker JLR, owned by India’s Tata Motors said on Tuesday that it was …
UK’s Vertu Motors sees up to $7.4 million hit from JLR cyberattack Read More »
By Yagnoseni Das (Reuters) -Tata Capital’s $1.75 billion public share sale was fully subscribed on Wednesday, the final day of a three-day bidding process, buoyed by institutional demand as investors lined up for India’s biggest offering this year amid a rush of new listings. The Tata Group company is India’s third-largest non-bank lender in terms …
India’s Tata Capital IPO fully subscribed on final day, led by institutional buyers Read More »
By Neha Arora NEW DELHI (Reuters) -India was a net importer of finished steel in September, with shipments of 0.65 million metric tons, according to provisional government figures seen by Reuters on Wednesday. Finished steel imports were down 36.3% on the year, the data showed. India, the world’s second-biggest producer of crude steel, has recommended …
India was net importer of finished steel in September, govt data shows Read More »
(Reuters) -The Reserve Bank of India’s recent proposals to change credit risk rules and implement the so-called expected credit loss (ECL) framework for lenders are unlikely to significantly impact bank balance sheets, thanks to a generous transition period, said the chairman of India’s largest lender on Wednesday. The central bank’s proposals aim to enhance the …
By Aditya Kalra NEW DELHI (Reuters) -Indian craft beer maker Bira is in talks to raise $132 million in its biggest ever fundraising, with New York-based investment group Global Emerging Markets (GEM) as one of the potential suitors, according to term sheets seen by Reuters. Bira has become popular over the years amid a thriving …
Indian brewer Bira plans $132 million fundraising; GEM among suitors Read More »
A look at the day ahead in European and global markets from Ankur Banerjee Markets are wrestling with political drama in Japan, France and the U.S., pushing safe-haven of choice, gold, past $4,000 per ounce to yet another record high, as investors use the metal as a hedge against a plethora of worries. To say …
Morning Bid: Gold at $4K – Be afraid, be very afraid Read More »
By Nidhi Verma and Florence Tan NEW DELHI/SINGAPORE (Reuters) -Traders offering Russian oil have begun asking Indian state refiners to pay in Chinese yuan, taking recent signs of improving relations between New Delhi and Beijing as a chance to simplify deals with Indian buyers, trade sources said. India’s top refiner, state-controlled Indian Oil Corp, recently …
Traders seek yuan payment from Indian state buyers of Russian oil, sources say Read More »
By Jaspreet Kalra and Ashwin Manikandan MUMBAI (Reuters) -India will allow users to approve payments made through popular domestic payments network, the Unified Payments Interface, using facial recognition and fingerprints starting October 8, three sources directly familiar with the matter said on Tuesday. Authentications will be done using biometric data stored under the Government of …
By Anushree Mukherjee (Reuters) -U.S. gold futures surged past the $4,000 per ounce milestone for the first time on Tuesday, driven by expectations of a Federal Reserve rate cut later this month and persistent safe-haven demand due to the ongoing U.S. government shutdown. U.S. gold futures for December delivery settled 0.7% higher at $4,004.4, after …
US gold futures top $4,000 mark as record run gathers pace Read More »
By Anushree Mukherjee (Reuters) -U.S. gold futures surged past the $4,000 per ounce milestone for the first time on Tuesday, driven by expectations of a Federal Reserve rate cut later this month and persistent safe-haven demand due to the ongoing U.S. government shutdown. U.S. gold futures for December delivery rose 0.9% to $4,009.90 by 11:13 …
US gold futures top $4,000 mark as record run gathers pace Read More »
