By Krishna N. Das NEW DELHI (Reuters) – Indian rocket startup Skyroot Aerospace said on Friday it had raised $51 million in a funding round led by Singapore sovereign investor GIC, which it plans to use to begin commercial satellite launches by the middle of next year. The funding follows the Indian government’s push to …
Singapore’s GIC funds Indian rocket startup Skyroot ahead of first launch Read More »
By Rajendra Jadhav and Bharat Gautam (Reuters) -Premiums on physical gold in top consumer China jumped this week amid uncertainty over fresh import quotas, while an uptick in demand following a drop in local prices prompted Indian dealers to charge premiums for the first time in nearly four months. In Shanghai, gold was priced as …
China premiums spike; price dip gives fillip to India demand Read More »
By Sethuraman N R BENGALURU (Reuters) – Indian shares ended mostly unchanged on Friday, after a choppy trading session, ahead of a critical U.S. jobs data that would provide clues on the Federal Reserve’s future rate hike strategy. The NSE Nifty 50 index closed down 0.02% at 17,539.45, while the S&P BSE Sensex rose 0.06% …
Indian shares end flat ahead of U.S. jobs report Read More »
By Anushka Trivedi (Reuters) – The Indian rupee declined on Friday as the U.S. dollar climbed after data showed the labour market remained strong in the United States, furthering the case for the Federal Reserve to keep tightening rates. The partially convertible rupee ended at 79.7950, compared to the previous close of 79.5550. However, it …
Indian rupee slips on dollar strength, marks weekly gain Read More »
BENGALURU (Reuters) – WhatsApp banned 2.39 million Indian accounts in July, the highest so far this year, the Meta-owned popular instant messaging app said late on Thursday in its monthly report. The Asian nation’s stricter IT laws have made it necessary for large digital platforms to publish compliance reports every month. Draft rules circulated in …
WhatsApp bans 2.4 million Indian accounts in July – monthly report Read More »
MUMBAI (Reuters) – India’s Housing Development Finance Corp (HDFC) plans to raise at least 50 billion rupees ($627.26 million) through sale of bonds maturing in 10 years, three merchant bankers said on Friday. The non-banking financial company will pay an annual coupon of 7.80% to the investors of this issue, and has invited commitment bids …
HDFC to issue 10-year bonds, invites bids – traders Read More »
MANILA (Reuters) – Philippines’ Megawide Construction Corp and its Indian partner are selling their shares in an airport developer and operator, in a deal worth 25 billion pesos ($439.8 million), Megawide said in a disclosure on Friday. Megawide and partner GMR Airports International will sell their interests in Mactan Cebu International Airport in central Philippines …
Philippines’ Megawide, Indian partner selling airport project for $440 million Read More »
By Rajendra Jadhav and Mayank Bhardwaj MUMBAI/NEW DELHI (Reuters) -India is set to allow sugar exports in two tranches for the next season beginning in October, as the world’s biggest producer of the sweetener tries to balance the interests of its farmers and consumers, government and industry officials told Reuters. Exports by India, which has …
India could soon approve sugar exports in two tranches -sources Read More »
(Reuters) -Starbucks Corp on Thursday named Laxman Narasimhan as its next chief executive officer, after Reckitt Benckiser earlier in the day said he will step down as the London-listed company’s CEO. Narasimhan will replace Howard Schultz, who will continue as Starbucks’ interim chief until April next year and will remain with the coffee chain as …
NEW DELHI (Reuters) – India’s National Stock Exchange (NSE) will add Adani Enterprises, the flagship company of Indian coal-to-edible-oils conglomerate Adani Group, to its benchmark Nifty 50 index effective Sept. 30, the NSE said on Thursday. To make room for Adani, Shree Cement will be removed from the index, the NSE said, adding the changes …
India’s National Stock Exchange to add Adani Enterprises to benchmark index Read More »
