MUMBAI (Reuters) – India’s Yes Bank is seeking to raise about $1 billion this financial year, its chief executive officer said on Monday, as the private lender exits a reconstruction scheme after two years. Yes Bank CEO Prashant Kumar’s comments come days after the lender said it had selected an asset reconstruction company belonging to …
India’s Yes Bank to raise $1 billion this year – CEO Read More »
MUMBAI (Reuters) – India’s market regulator on Sunday approved the appointment of Ashish Kumar Chauhan as the next chief executive of the National Stock Exchange of India (NSE), the country’s top bourse said in a statement. The NSE, launched in 1994, says it is the world’s biggest derivatives exchange in terms of total number of …
Indian regulator approves new head of NSE bourse Read More »
By Swati Bhat MUMBAI (Reuters) – India’s economy has remained resilient in the face of global headwinds and with inflation coming off its recent peak is expected to stay on course to become the world’s fastest-growing economy, the Reserve Bank of India said on Saturday. The recent revival of the southwest monsoon and renewed planting …
India on course to become world’s fastest-growing economy, says RBI Read More »
By Katanga Johnson (Reuters) – Global equities climbed on Friday, while the dollar dipped and oil rose as investors reduced their expectations of an aggressive interest rate hike by the Federal Reserve this month and as U.S. spending data beat forecasts. Investors still face concerns that the world economy is headed for recession as central …
World stocks rally, dollar dips as investors weigh spending data, inflation scares Read More »
By Ashitha Shivaprasad (Reuters) – Gold slipped on Friday and was headed for a fifth consecutive weekly loss, knocked down by the dollar’s overall strength amid prospects of steep rate hikes by the U.S. Federal Reserve. Spot gold fell 0.3% to $1,704.30 per ounce by 1750 GMT, and has lost around 2.2% so far this …
Stronger dollar pushes gold to fifth weekly loss Read More »
By Swati Bhat MUMBAI (Reuters) -The Indian rupee hit a record low on Friday and weakened for a 11th straight week as foreign investors continued to dump riskier assets amid rising concerns around a global recession with investors now awaiting the Fed meeting outcome on July 27. The partially convertible rupee ended trading at 79.8775 …
Indian rupee weakens for 11th week in a row as risk aversion continues Read More »
By Laila Kearney NEW YORK (Reuters) -Oil was up 2.5% on Friday after a U.S. official told Reuters that an immediate Saudi oil output boost was not expected, and as investors question whether OPEC has the room to significantly ramp up crude production. The comment during U.S. President Joe Biden’s Middle East visit comes at …
Oil up 2.5% as no immediate Saudi output boost expected Read More »
By Sethuraman N R BENGALURU (Reuters) – Indian shares posted their first weekly loss in four on fears of aggressive rate hikes by central banks globally, even as gains in auto and consumer goods companies helped stocks close higher on Friday. The NSE Nifty 50 index ended up 0.69% at 16,049.20, while the S&P BSE …
Indian shares log first weekly loss in four on rate hike jitters Read More »
LONDON (Reuters) – Adani Ports and Special Economic Zone said its acquisition of Haifa Port with a local Israeli partner will boost trade lanes with the company’s Indian ports and could better connect Europe and the Middle East in the longer term. After a two-year tender process, Adani Ports and local chemicals and logistics group …
Adani Ports to boost trade lanes with joint Haifa Port acquisition Read More »
By Ari Rabinovitch and Jonathan Saul JERUSALEM (Reuters) – Israel said on Thursday it will sell Haifa Port, a major trade hub on its Mediterranean coast, to winning bidders Adani Ports of India and local chemicals and logistics group Gadot for 4.1 billion shekels ($1.18 billion). Gadot and Adani made it to the end of …
Israel sells Haifa Port to India’s Adani Ports, Israel’s Gadot for $1.2 billion Read More »
