Reuters India Business

By Dharamraj Dhutia MUMBAI (Reuters) -Indian billionaire Gautam Adani’s flagship firm is slated to raise up to 10 billion rupees ($112.6 million) through the private placement of two-year and six-month bonds, two bankers said on Monday, marking its first such fundraising since 2023. The company will pay a semi-annual coupon of 8.70% on the issue …

India’s Adani Enterprises taps debt private placement after 2-year gap, bankers say Read More »

(Reuters) -Indian clothing retailer Trent’s second-quarter standalone revenue rose by 17%, the company said on Monday, marking its slowest rise since the March 2021 quarter and well short of its near-term target of 25%. Shares of the Westside and Zudio brands owner fell as much as 2% after the update, before closing 0.8% lower. Trent’s …

Indian clothing retailer Trent’s revenue growth slows to over four-year low Read More »

By Sethuraman N R NEW DELHI (Reuters) -India’s federal power regulator has admitted petitions filed by two renewable energy developers seeking compensation for financial losses incurred due to delays in setting up transmission infrastructure, according to regulatory filings. The outcome could set a precedent for renewable energy developers facing transmission bottlenecks, as India accelerates its …

Indian power regulator takes up solar firms’ plea on losses due to transmission delays Read More »

By Jaspreet Kalra MUMBAI, October 6 (Reuters) -The Indian rupee held in a tight band on Monday, staying just above its record low as likely intervention by the Reserve Bank of India helped stave off pressure stemming from local importers’ steady dollar demand. The rupee closed at 88.78 against the U.S. dollar, nearly flat on …

Rupee boxed in by persistent importer hedging, central bank intervention Read More »

By Anmol Choubey (Reuters) -Gold prices touched an all-time high on Monday, soaring above the $3,900-per-ounce level, as investors flocked to safe-haven bullion amid the U.S. government shutdown, broader economic uncertainty, and prospects of further Federal Reserve rate cuts. Spot gold was up 1.5% at $3,942.59 per ounce, as of 0910 GMT, after hitting $3,949.34 …

Gold climbs above key $3,900 level for first time on safe-haven demand Read More »

By Brijesh Patel (Reuters) -Gold surged past the $3,900-an-ounce level for the first time on Monday, driven by safe-haven demand following a fall in the yen and a U.S. government shutdown, while growing expectations of additional Federal Reserve rate cuts also lent support. Spot gold was up 1% at $3,925.91 per ounce by 0631 GMT, …

Gold sails past $3,900/oz for first time on safe-haven bids Read More »